- London-based Anything World, a platform for developing ML-powered interactive 3D experiences has raised €7.52M in funding. Anything World also announced the debut of its high-fidelity animation system, which enables rigging and animations for any 3D model at any moment. The system is being launched…
- London-based Landmark, a mobile games studio built on the foundation and importance of sharing, announced that it has raised €4.47M in a seed round of funding. The company is on a mission to plug a growing demand from players who crave adventures to share and enjoy with their friends. In a…
- Stockholm-based Sesamy, a digital content platform, announced that it has raised an additional €3.3M in a Seed round of funding to accelerate its growth and further expand into digital news and magazine content. The company has now raised €7.3M to date. The round was led by GP Bullhound, with the…
- Madrid-based ifeel, an emotional well-being platform for companies, announced that it has secured €10M in a Series A round of funding led by UNIQA Ventures. Nauta Capital and other investors also participated in the round. ifeel says it will use the funds to expand the business into new markets,…
- Cloud-based lending software provider Lentra has raised $60 million in fresh funding led by existing investors Bessemer Venture Partners and the Susquehanna International Group (SIG) Venture Capital. Citi Ventures also participated in the round. The company said it would use the capital to expand…
- HR tech startup Keka announced that it has raised $57 million in funding from WestBridge Capital, in what the company claims is the largest Series A SaaS funding round in India to date. Launched in 2016, Hyderabad-based Keka entered the HR tech space as a bootstrapped company with the aim of…
- AfyA Care’s Series A capital funding has included a $6 million investment by CardinalStone Capital Advisers (CCA), a manager of a West African private equity fund. The investment exemplifies CCA’s goal of supporting high-potential growth companies that may both have a good impact on communities…
- Yassir, an on-demand marketplace providing transportation, grocery delivery, banking, and more, has just announced a $150 million Series B funding round from high-profile investors around the world. DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures (formerly known as Spike…
- Omnisient, a supplier of consumer privacy-protecting data collaboration platforms in emerging economies, has raised a $3.5 million round of expansion capital, with the help of Buffet Investments, KLT, and the Shoprite Group as the lead investors. Along with early investors Investec and Nedbank,…
- MoneyFellows, an Egyptian fintech startup, has announced the first closure of its Series B round funding, totaling US$31 million. The startup obtained a US$4 million Series A financing back in 2020, and CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital led the US$31…
- Hello Tractor, an initiative from Kenya that encourages tractor sharing across the continent, has won the fifth annual CATAPULT: Inclusion Africa programme. The CATAPULT: Inclusion Africa program, created by the Luxembourg House of Financial Technologies (LHoFT), a public/private national fintech…
- Brotinni, an Egyptian food-tech, and dark butcher solutions firm that is bringing innovation to the meat sector, has successfully raised $600,000 in a seed funding round to assist it to scale. Innlife investments led the funding round. Brotinni, a platform for ordering hand-cut, farm-sourced, and…
- Quona Capital, a VC firm focused on emerging markets, has just announced that it has raised US$332 million (or more than double its original goal of US$250 million) in the third and final closing of its Fund III. As a stand-alone venture capital firm, Quona Capital was founded in 2015 by managing…
- IBM announced the release of its most advanced quantum computer to date, the Osprey, which boasts 433 qubits, or three times as many as its previous-generation Eagle machine. Quantum bits, or qubits, are a measure of the computing capability of a quantum computer that employs quantum mechanics,…
- KarmSolar, a solar energy, and multi-utility corporation, has raised $2.4 million from Qatar National Bank ALAHLI (QNB ALAHLI), with advice provided by Egypt-based debt consulting firm Ezdaher Financial Advisory. This will fund the country’s first solar Power Purchase Agreement (PPA) battery…
- Touch and Pay, a fintech company based in Nigeria has been named the winner of the Ecobank Fintech Challenge 2022. At the Grand Finale held at Ecobank’s headquarters in Lomé, presided over by H.E. Cina Lawson, Minister of Digital Economy and Transformation of the Republic of Togo, this news was…
- The UK’s financial services minister has proposed adding regulation of all cryptoassets to a bill already before parliament, which is highly likely to be passed. City Minister Andrew Griffith of Britain proposed the change to the Financial Services and Markets Bill, which is currently undergoing…
- After successfully closing the $44 billion acquisition of Twitter, Elon Musk promptly fired the company’s top executives, accusing them of deceiving him about the volume of spam accounts on the service. Musk didn’t waste any time getting things in order once he took over; he fired CEO Parag…
- Oslo-based Strise, a technology company that claims to offer leading KYC intelligence systems, announced that it has raised €3.3M in a fresh round of funding. The round was led by the Dutch venture capital fund Curiosity, a firm that focuses on seed-stage investments in AI startups in Northern…
- France-based Kiliba, an AI-driven marketing automation software, announced that it raised €7M in a Seed round of funding with an aim to become the European market leader. Otium Capital, FrenchFounders, and Bleu Capital participated in the round. The round also saw participation from Alix de…
- Hem-based Positive Group (formerly Sarbacane Group), a marketing technology company, announced that it has secured €110M in a fresh funding round from EMZ and banking institutions. The company has renamed itself to Groupe Positive (Positive Group) to facilitate the distinction between the…
- Munich-based limehome, a serviced apartments provider, announced that it has secured €45M in new growth capital from new investors AW Rostamani Group and Capital Four. Existing investors HV Capital, Picus Capital, and Lakestar also participated in the round. limehome says it will primarily use the…
- Netherlands-based Carble, a climate fintech startup, announced that it has raised €300k in a funding round led by Antler, the global early-stage VC, with participation from angel investors. The fund also includes grants from the German government’s GIZ Coffee Innovation Fund and the European Space…
- London-based 5Mins, a gamified learning platform for employees, announced on Monday that it has secured €5.7M in a Seed round of funding led by AlbionVC. Other investors, including Chalfen Ventures, Portfolio Ventures, Blue Lion Global, Edenred Capital Partners, and notable angel investors, also…
- Collaborative logistics startup Wareclouds raised $1.2 million in the second round of investment led by ChileGlobal Ventures and the participation of several angel investors including Mike Hennessy, who also invested in other successful startups like CargoX and Cornershop. Wareclouds’ platform…
- The Mexican e-commerce aggregator Quinio raised $40M in equity and debt. The equity was provided by Northgate Capital, Cometa, Dila Capital, AlleyCorp, Western Technology Investment, Alchimia Investments, and angel investors. Quinio acquires, operates, and builds e-commerce brands created by local…
- Franq, an open banking startup based in Florianópolis, Brazil, has raised $12 million in a round led by Quona Capital, a fund focused on emerging market fintechs. Also participating in the round were Globo Ventures, Broadhaven Capital, and Valor Capital Group, a VC that specializes in building…
- Utrecht-based Whoppah, a marketplace that offers furniture, art, lighting, coffee table books, and other home decoration products, announced that it has raised €5M in a fresh round of funding. The identity of the investors has not been disclosed. In a LinkedIn post, Whoppah co-founder Evelien…
- Eindhoven-based RIFT, a startup on a mission towards a sustainable future powered by clean and renewable energy, announced that it has raised €2M in its first round of funding. The startup aims to use iron fuel as a sustainable alternative to fossil fuels, thereby reducing CO2 emissions. RIFT says…
- Bucharest-based Yarooms, a SaaS company that provides workplace experience solutions, announced that it has raised €2M in a fresh round of funding. The startup says it will use the proceeds to pursue a new market opportunity and accelerate growth. The round was led by GapMinder with €1.6M. The…
- Manchester-based Vypr, a product intelligence platform that helps manufacturers and retailers with customer insights has secured €3.9M in a round of investment led by YFM Equity Partners. Other investors include the company’s management team, existing shareholders, and Chairman Richard Law. To date…
- Zurich-based LatticeFlow, a startup that claims to be the only artificial intelligence (AI) platform that can automatically find and fix AI data and model errors, announced that it has raised €12M in a Series A round of funding. With this round, the startup has now raised a total of $14.8M in…
- London-based startup Solvo.ai, a startup focused on improving decision-making in the supply chain and logistics sector has raised $4M in its Seed round of funding. Solvo.ai says it will use the funds to scale the commercialization of its first product and to ramp up sales and business development.…
- Moove, a Nigerian mobility fintech startup, has secured US$16.8 million in funding from Emso Asset Management to expand its UK operations after a successful launch in August. By offering revenue-based vehicle finance to mobility businesses, Moove is democratizing vehicle ownership in Africa. It…
- According to South Africa’s financial conduct regulator, cryptocurrency financial companies must apply for a license between June 1 and November 20, 2023, in order to operate legally. Eugene Du Toit, head of the Regulatory Frameworks Department of the Financial Sector Conduct Authority (FCSA),…
- MaxAB, a B2B e-commerce and distribution platform for food and grocery products that serves a network of conventional merchants in Egypt and Morocco, has announced the closing of a $40 million pre-series B equity transaction to support its growth throughout the MENAP area. Several new investors…
- Six businesses have been selected for the second cohort of the Fintech Incubation Programme, according to an announcement made by Co-Creation Hub (CcHub) in partnership with Google, Rwanda’s Ministry of ICT and Innovation, and Mojaloop Foundation. Nine startups were selected for the program’s…
- Bumpa, a social commerce startup based in Nigeria, has announced a $4 million seed funding round to help it broaden its product line and expand into new markets. Base10 Partners, Plug & Play Ventures, SHL Capital, Jedar Capital, Magic Fund, DFS Lab, FirstCheck Africa Angel Program, E62 Ventures…
- The Nigeria Startup Act, formerly known as the Nigeria Startup Bill (NSB), has been passed into law. President Muhammadu Buhari has signed the Nigeria Startup Act into law in an effort to expand Nigeria’s tech ecosystem and boost the country’s startup scene. Isa Pantami, minister of…
- In order to compete for the grand prize of US$50,000 and entry into the Ecobank Fintech Challenge Fellowship program, six African fintech startups have been selected as finalists in this year’s Ecobank Fintech Challenge. This is the fifth year that the Fintech Challenge has given startups from…
- GITEX GLOBAL, the largest technology exhibition in the world, is making its way to Africa for the first time. Gitex, the annual showcasing of international technology giants and start-ups in Dubai, United Arab Emirates (UAE), has announced that it would hold its first edition in Africa in…
- London-based Sensat, a company that digitizes and automates infrastructure planning, building, and management, announced, that it has raised €19.06M in a Series B round of funding led by National Grid Partners. The company’s existing investors also participated in the round. Sensat says it will use…
- Dresden-based anvajo, a technology company that develops, manufactures and sells innovative solutions for analyzing liquids, announced that it has raised €17.7M in a Series A round of funding to support “the launch into the human medicine markets.” The investment came from pharmaceutical company…
- Startupbootcamp AfriTech, an African technology accelerator, is accepting applications for the Telecel Group Africa Startup Initiative Accelerator Program from the most innovative African technology startups in strategic industry verticals. In order to disrupt important industry sectors like…
- Maplerad, a Nigerian startup that provides Banking as a Service (BaaS), has secured $6 million in a seed funding round. Along with Golden Palm Investments Corporation, Michael Vaughn, Fintech Fund, Babs Ogundeyi, Armyn Capital, Dunbar Capital, Strawhat Investment, Polymath Capital, Unpopular…
- Kenzz, an Egyptian mass e-commerce solution, has raised $3.5 million in a seed funding round headed by Outliers Venture Capital. Angel investors are among the participants in this funding round, which also includes HOF Capital, Foundation Ventures, Samurai Incubate, and others. Ahmed Atef,…
- Singapore’s Pillow has raised $18 million in Series A funding led by Accel, Quona Capital, Elevation Capital, and Jump Capital. Pillow platform, launched in 2021 by Arindam Roy, Rajath KM, and Kartik Mishra, is used by over 75,000 people in more than 60 countries to save and invest in digital…
- Trella, an Egyptian B2B marketplace for trucking, has obtained an additional sizeable finance facility from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC) to support the expansion of its business. Trella, which launched in 2018, is a B2B technology…
- FlapKap, an Egyptian startup that intends to revolutionize the e-commerce market with its tech-enabled revenue-based financing platform, has announced the completion of its US$3.6 million seed funding round. Bolt by QED, Nclude, Outliers, and A15 all took part in the seed round. FlapKap, a…
- Kenyan furniture company Moko Home + Living has just raised $6.5 million to expand its operations. AlphaMundi Group, a Swiss investor, and Talanton, an American investment fund, took the lead in the Serie B debt funding round. Other participants were Novastar Ventures, Blink CV, and debt…
