- Lifestores Healthcare, a health technology startup based in Nigeria, has successfully completed a 3 Million Pre-Series A funding round. Health54 took the lead in the funding round, with support from Aruwa Capital Management and other existing investors. The funding round had a 50%…
- According to parent company Parlement Technologies, American musician Kanye West has made a preliminary agreement to purchase the social media platform Parler. Multiple social media sites, including Parler, present themselves as Twitter alternatives, emphasizing user freedom of expression. With $…
- A Brazilian court gave Apple a $19 million fine, and it was also ordered to include power chargers with all new iPhones sold there. Sao Paulo’s state court sided with the plaintiffs in a case brought against Apple by a group representing Brazilian borrowers, consumers, and taxpayers who claimed…
- Netflix has announced that in an effort to attract new users, it will debut a streaming plan with advertising for around $7 per month in the month of November. Netflix’s “Basic with Ads” package, at $6.99 per month, offers a $3 savings compared to the service’s $11.99 least expensive tier without…
- Pulpo, a mobility solutions company focused on intelligent fleet management, grabbed a $8 million round of financing led by LatAm Nazca Ventures. Other participant investors are Femsa Ventures, Swanlaab, and Mexico Ventures, as well as new investors like Cracks Fund and other business angels.…
- Katana, an enterprise resource planning (ERP) platform for small- and medium-sized manufacturers, has raised $34 million in a Series B round of funding. ERP is a form of business management software that can serve any number of functions inside a company, from marketing and risk management, to…
- London-based Zen Educate, a platform that connects schools with temporary and full-time teachers and teaching assistants, announced that it has secured £19.3M in a Series A extension round of funding. The investment round was co-led by Brighteye Ventures and Adjuvo, with participation from several…
- Nivelles, Belgium-based Vertuoza, a provider of SaaS-based project management software for construction businesses, announced that it has secured €4M in a Pre-Series A round of funding led by XAnge and Fortino Capital. The company says it will use the funds to accelerate its growth by boosting…
- Stuttgart, Germany-based Makersite, a SaaS platform, announced on Tuesday that it has raised $18M in a Series A round of funding. The round was led by Hitachi Ventures and Translink Capital, with participation from KOMPAS and Planet A. Makersite says the capital injection will expand its supply…
- London-based OutThink, a SaaS-based cybersecurity human risk management platform, announced that it has raised $10M in a Seed round of funding. The round was led by AlbionVC. Additionally, TriplePoint Capital, Forward Partners, Gapminder, and Innovate UK also participated in the round. The startup…
- Belgian startup Raito, has raised €4 million in a seed funding round. The startup aims to help data teams improve productivity through the simplification of data access management. Founded by Collibra’s former Product Manager for Data Privacy Bart Vandekerckhove and Vice President for Engineering …
- Shopr.tv, a live commerce startup, has raised $1.7 million in funding from institutional investors Beenext and Y-Combinator, along with angel investors. The startup, founded in 2021 by entrepreneurs Akhil Suhag, Akshay Suhag, Mukul Anand, and Tushar Dhara, said it will invest the money in its…
- Blockchain startup, Shardeum, has raised $18.2 million in a seed round of funding, the company said in a statement. The round saw participation from close to 50 investors, including Jane Street, Struck Crypto, The Spartan Group, Big Brain Holdings, DFG, Ghaf Capital Partners, and Foresight…
- Creator-led commerce startup Wishlink said it has raised $3 million in funding led by Elevation Capital and other prominent angel investors, including Vidit Aatrey, Sanjeev Barnwal (Meesho), Rahul Chaudhary (Treebo), Ankush Sachdeva (Sharechat), Ghazal Alagh (Mamaearth), Shantanu Deshpande (Bombay…
- Tallinn-based FlyFeed, an insect farming startup, announced that it has raised approximately €3M in a seed round of funding from angel investors. The Estonian company’s advisory board has over 35 experts, including Dr. Nathalie Berezina (ex-CTO/CSO Ynsect), Dr. Jurek Pastuszak (nutrition expert),…
- Amsterdam-based OpenUp, a medtech platform that enables employees to work on their mental health in an affordable and accessible way, announced that it has raised €15M in a Series A round of funding. The investment came from Dutch investors Rubio Impact Ventures and Achmea Innovation Fund. …
- London-based YardLink, a B2B procurement platform for the construction industry, announced that it has raised approximately €18M in a Series A round of funding. The round was led by Beringea, with participation from Amplifier and existing investors Speedinvest and FJ Labs. The company claims it is…
- London-based Bidstack has raised $11 million, the company has raised $42 million to date. Bidstack is an in-game advertising and video game monetization platform. The latest funding round includes cyber security firm Irdeto with $6 million into the company Irdeto is the owner of Denuvo, anti-cheat…
- Stockholm-based Steep has raised €1 million in pre-seed financing and opened the taps on what the startup bills as its “next-generation analytics platform”. The funding is expected to help facilitate the company’s product launch across European and US markets in tandem with continued product…
- Colombian foodtech Foodology raised $50 million in a new round of financing. The company, which focuses on the development of “virtual restaurants” and so-called “cloud kitchens”, added new investors such as Chimera, an Abu Dhabi venture capital firm with $10 billion under management. The company…
- Montréal-based Fintech company HelloSafe has secured $3.3 million in a seed round led by OneRagtime and Kima Ventures. With this funding, the fintech plans to expand its 50-person team. It will add 40 additional hires to strengthen its technical, marketing, and sales departments by the end of 2023…
- Colombian startup Vozy, a Voice AI Platform in Latin America raised a $5 million Pre-Series A funding round. The investment round which is part equity ($4 million), and part debt ($1 million), brings Vozy’s total raised to $8.1 million. The round was led by European fund GoHub Ventures, a Spanish…
- At a glitzy event held on the rooftop of The Nile Ritz-Carlton in Cairo, Egypt, the winners of the 2022 AWIEF Awards were announced. The AWIEF Awards Ceremony and Gala Dinner were the last events of the two-day AWIEF2022 Conference, which was held in North Africa for the first time. Annually, the…
- In a seed funding round, the company known as Pastel (previously known as Sabi Cash) raised a total of $5.5 million. Pastel is embarking on a quest to develop digital technology to unleash the value of smaller firms in Nigeria and other emerging markets across the world. TLcom Capital led the…
- Last week, Twitter launched its Location Spotlight feature to its users. This function would be made available to professionals everywhere. These professionals can be anyone from content creators to large corporations. The Location Spotlight enables companies or organizations with physical…
- The Wall Street Journal reported that YouTube plans to launch an online store for streaming video services. The company has reportedly been working on the channel store for 18 months and intends to launch this fall, according to sources quoted by the Wall Street Journal. The streaming giant is…
- Egypt-based startup Convertedin, which develops marketing operating systems for e-commerce firms, has raised $3 million in a funding round to grow its business. Merak Capital of Saudi Arabia served as the round’s lead investor. The funding round also included participation from 500 Global, a…
- OneOrder in Egypt, a leading online one-stop shop for food supplies for hotels, restaurants, and cafés, has obtained a US$6.5 million working capital loan from Contact Factoring, a division of Contact Financial Holding, a major non-banking financial services provider. OneOrder was created by…
- DataProphet, artificial intelligence as a service (AI-a-a-S) company, has announced the closing of a $10 million Series A funding round. The round was led by Knife Capital and included participation from IDC of South Africa and Norican, the largest provider of equipment used to prepare and finish…
- Creation Investments, a Chicago-based fund with a track record of investing in financial companies in emerging markets, announced a US$25 million investment in DD360, a technology platform for financing and managing residential real estate in Mexico. In a press release, Creation revealed that DD360…
- Eliminating the old-fashioned way of pressing vinyl and offset printing, British music tech startup elasticStage has raised £3.5 million in funding for its on-demand vinyl platform. With a next-day turnaround time, gone are the days of waiting months for vinyl production. The funding has been…
- Vosbor, an Amsterdam-based digital marketplace for global trade in bulk agricultural commodities, announced in July, that it has secured €6.8M in a Seed round of funding led by Lux Capital. Market One Capital, FJ Labs, 7percent Ventures, Athos Capital, and Nucleus Capital also participated in the…
- Manchester-based embedded banking solutions platform for small and medium businesses, BankiFi has raised £4 million in funding to continue its global expansion, especially in North America. The funding comes on the back of its recent establishment of a U.S. sales office. The startup plans to bring…
- London-based Foundy has announced that it has secured a £1.25M round led by Fuel Ventures. Based out of London, Fuel Ventures is a technology fund investing in marketplaces, fintech, platforms, and SaaS companies and has also invested in startups including Guider and Journee this year. The UK…
- Chinese ride-hailing service Xiangdao Chuxing announced on Monday that it has raised more than $150 million in Series B from investors, including self-driving car startup Momenta, and said it plans to prepare for a potential initial public offering. The company said it raised $150 million in a…
- Agriculture exports startup Produze has raised $2.6 million led by Accel Partners. The round also saw participation from All In Capital, and other angel investors from startups including founders of Ninjacart and Citymall. Produze began its operations six months ago and was founded by Ben Mathew,…
- MFS Africa, a digital payments network, has raised another US$100 million in equity and debt capital led by Admaius Capital Partners, bringing the total amount raised in the series to US$200 million. The extension attracted new investors Vitruvian Partners and AXA IM Alts, as well as current…
- In a pre-seed round led by Enza Capital, a B2B construction technology platform, Jumba has raised $1 million in funding. Seedstars International Ventures, Chandaria Capital, Future Africa, Logos Ventures, First Check Africa, and a number of angel investors are among the investors in the round. …
- Khazenly, a Cairo-based on-demand digital warehousing and fulfillment network, has received $2.5 million in seed funding. Leading regional venture capitalists Arzan Venture Capital, which specializes in innovative, early-stage firms, and Shorooq Partners, which specializes in seed-stage tech…
- Gozem, a company that offers drivers, retailers, and other consumers a suite of mobility, e-commerce, and financial services, has established a partnership with the International Financial Commission (IFC) to alleviate these issues. The IFC has committed $10 million to Gozem’s auto finance scheme…
- Crossboundary Energy Access (CBEA), a Kenya-based mini-grid infrastructure fund, has raised $25 million in funding from ARCH Emerging Markets Partners Limited, Bank of America, and the Microsoft Climate Innovation Fund to support renewable energy projects across Africa. It was announced that the…
- Internet Explorer was officially discontinued by Microsoft on Wednesday after nearly 27 years. As of June 15, 2022, Microsoft will no longer support Internet Explorer and has urged its users to switch to the Edge browser, which was launched in 2015. The first version of Internet Explorer was…
- Indoor Robotics, a company that specializes in indoor drone technology and just introduced the TandoTM drone, has raised $15 million in series A funding. Pitango led the round, which included Target Global, the European Innovation Council Fund, and Spider Capital. Indoor Robotics was founded in…
- The federal government of Nigeria has proposed new regulations that will apply to social media sites like Facebook, Twitter, and Instagram as well as any other social media platform that is currently active in the country. Regulating the social media giants is a necessary step in ensuring that…
- Launch Africa Ventures, an early-stage venture capital firm, has made its 100th investment, making it the most active investor in African tech businesses, and has completed its first fund at $36.3 million. Fund 1 announced its 100th investment at the end of May, with US$24 million invested in 108…
- The World Bank’s private sector arm, the International Finance Corporation (IFC), wants to invest up to €25 million ($26.43) in Partech Africa Fund II (PAF II), a Paris-based venture capital firm. In its disclosures, the IFC stated that it intends to acquire a holding of no more than 20%. Another…
- DXwand, an Egyptian company that offers conversational artificial intelligence (AI) solutions, has raised $1 million in a pre-series A round. Huashan Capital, based in Shanghai, led the funding round. Angel investors Mohsen Abulleil and Ahmed Bakeer took part in the round. SOSV, a US-based VC firm…
- Virridy has raised $5.5 million in Series A funding to help expedite the development and implementation of its satellite-connected sensors for water, energy, and agricultural resource management. Existing investors FHI 360, Cleo Capital, Reverent Rock, Save Earth, and VertueLab also participated…
- GOMYCODE, a Tunisian ed-tech firm, recently closed an $8 million Series A investment led by AfricInvest and Proparco through the Cathay AfricInvest Innovation Fund (CAIF); Wamda Capital, who had previously participated in the Seed round, has also continued to invest. The cash will be used to…
- Bits of Stock, an Amsterdam-based fintech platform, announced that it has secured $4.4M in a Seed round of funding from Keen Venture Partners and Yellow Accelerator by Snap Inc. The Dutch company plans to use the funds to double its size and onboard around 200 brands in the next 12 months. The…
