- CoachHub, a German digital coaching platform, announced that it has secured $200M in a Series C round of funding led by Sofina and SoftBank Vision Fund 2. Molten Ventures, Speedinvest, HV Capital, Signals Venture Capital, and Silicon Valley Bank/SVB Capital also participated in the round. The…
- Bonn-based public-private venture capital investment firm High-Tech Gründerfonds (HTGF) has unveiled its fourth fund with over €400 million in commitments to fund early-stage startups in Germany. This remains the biggest fund unveiled by the company until now. Forty private investors participated…
- Cambridge-based biotech company Spirea has raised $3 million to advance a new generation of antibody-drug conjugate (ADC) therapeutics. The round was co-led by Jonathan Milner and Cambridge Enterprise, with backing from R42 Group, ACF Investors, o2h Ventures, Syndicate Room and Cambridge Angels.…
- Oslo-based Glint Solar has raised $3 million in a seed funding round. The company specializes in fusing satellite data and AI into a software package that can identify and analyze potential solar project sites in a given region. The fresh influx of photons will be aimed squarely at growing the…
- London-based regulatory tech platform Clausematch has raised $10.8 million in funding. The round was led by New York-based Lytical Ventures, with participation from the Sony Innovation Fund and Flashpoint. The company plans to invest the new money in its product and technology teams to boost…
- Amsterdam-based TestGorilla has secured $70m in Series A funding, co-led by the London-based venture capital firms Atomico and Balderton Capital. The funding brings the company’s total investment to $80m following previous investments from Notion, Partech, and CapitalT. Luca Eisenstecken from…
- Brazilian payment platform Zippi announced a $16 million Series A round led by US fund Tiger Global and followed by Y Combinator, Volpe Capital, Rainfall Ventures, Globo Ventures, Hummingbird, Mantis, MSA Capital, Soma Capital, and founders of companies such as Faire, Robinhood, Plaid, Creditas,…
- Ozon, a Mexican startup that buys, fixes, and sells motorcycles, announced it raised $25M in debt and $4M in a seed round. While Architect Capital provided the debt capital, the funds that participated in the seed round were 1984.vc, K50 Ventures, Bridge Partners, Angel Ventures, Magma Partners,…
- Mexico City-based fintech Klar has raised $70 million in equity funding at a valuation of $500 million. General Atlantic doubled down on its $70 million financing last July during Klar’s Series B. Other participants in the funding round include Prosus Ventures, Quona Capital, Mouro, IFC, Acrew and…
- BYD on Tuesday unseated Volkswagen and became the world’s third-biggest automaker by market capitalization. The milestone came at the same time when the Chinese automaker also announced plans to supply batteries to Tesla. This is an unprecedented high for BYD, reflecting investors’ excitement…
- Microsavings platform Siply has raised $19 million as a part of a fresh round of funding led by Qi Ventures. The round also saw participation from existing investors LetsVenture and Jito. Angel investors also took part in the round, including Vivek Sunder, chief executive officer of Cuemath and…
- SaaS buying platform Spendflo raised $4.4 million in seed funding from Accel India and founder-focused venture partner Together Fund, the company said in a statement on Tuesday. The round saw participation from BoldCap and Signal Peak Ventures, along with investments from a bunch of founders of…
- MFS Africa has agreed to pay $34 million in cash to acquire Global Technology Partners (GTP). GTP is Africa’s leading prepaid card processor, with over 80 banks using its platform, including UBA, Ecobank, BIA, Stanbic, Coris, NSIA, and Zenith Bank. GTP’s client base spans 34 countries, and the…
- Indicina, a Nigerian fintech firm that is building API-driven credit infrastructure for Africa, has raised $3 million in funding to help it expand into other African countries. Greycroft and RV Ventures also participated in the investment round, which was led by Target Global. Ricardo Schaefer, a…
- Klasha, based in Lagos and San Francisco, has raised an extra $2.1 million to round up its $4.5 million seed round. The fund was raised from a group of international investors including Greycroft, Seedcamp, Plug and Play, Berrywood Capital, and Breega, and was led by American Express (AMEX)…
- WafR, a Moroccan retail tech startup that allows companies to broadcast smart promotions to grocers in order to boost market share, has raised $1 million in a seed round. Launch Africa Ventures, a famous pan-African venture capital fund based in South Africa, as well as First Circle Capital,…
- Apple commenced its annual Worldwide Developers Conference (WWDC) at Apple Park. WWDC, Apple’s annual developer conference, is geared toward app developers who develop iOS, macOS, watchOS, and tvOS applications. WWDC, Apple’s annual developer conference, is typically when the company debuts new…
- Copenhagen-based Legal Desk, a startup that aims to be the leading provider of legal documents for businesses and consumers, announced that it has raised $3.3M (approximately €3M) in a Series A round of funding. The round saw participation from a group of private investors, including Michael…
- Aiming to tap into what it calls a ‘second wave gig economy’, the Utrecht-based startup that connects those with a camera to visitors at over a million identified public locations and attractions, Smiler has raised $8 million in a seed round. The funding round will be used to further develop its…
- Seven months after a $14 million seed round, Berlin-based B2B BNPL player Mondu has announced a $43 million Series A round raise led by Valar Ventures. The capital will be used to further scale Mondu’s product offer and hone in on customer acquisitions, as the company begins international…
- Madrid-based Komon announced that it has closed a $2 million pre-seed round ahead of the launch of its NFT-accessed online creative platform. Komon will allow fans to purchase an NFT to gain access to an exclusive online community for different artists. Komon was founded by Sebastián Fernández-…
- China has successfully developed the world’s first autonomous drone carriers as it looks to expand its maritime influence through the use of AI. The vessel, which can be operated both remotely and autonomously, can carry dozens of unmanned vehicles, including drones and submersibles. It can also…
- Direct-to-consumer (D2C) beauty and personal care brand Sugar Cosmetics has raised $50 million led by L Catterton with participation from existing investors A91 Partners, Elevation Capital, and India Quotient. Sugar raised $21 million in February 2021 led by Elevation Capital, formerly SAIF…
- Alternative data insights start-up, Synaptic on Monday said it has closed a $20 million Series B funding round led by Valor Equity Partners which it will use to continue investing in product innovations, double down on its data science capabilities, partnerships with data vendors, and expand its go…
- Indian startup Lumos Labs has announced the launch of a metaverse platform for developers to learn, earn, and explore opportunities after raising over $1.1 million in funding led by Web3.0 venture fund Delta Blockchain Fund. The round also saw participation from venture capitalists such as…
- Greece and Saudi Arabia agreed on Tuesday on the main terms to set up a joint venture to lay a fibre optic data cable that will link Europe with Asia, Greek sources said on Tuesday. The “East to Med data Corridor”, an undersea and land data cable, will be developed by MENA HUB, owned by […]
The…
- Greece and Saudi Arabia agreed on Tuesday on the main terms to set up a joint venture to lay a fibre optic data cable that will link Europe with Asia, Greek sources said on Tuesday. The “East to Med data Corridor”, an undersea and land data cable, will be developed by MENA HUB, owned by […]
The…
- ShEquity has secured a $1.2 million co-investment from the USAID Trade Hub to invest in and support over 100 high-potential women-owned or led enterprises. Women entrepreneurs, according to Pauline Koelbl, Founder and Managing Director of ShEquity, are critical to Africa’s prosperity, as they run…
- Following allegations of privacy abuses by the US authorities, Twitter has agreed to pay millions in fines. US authorities penalized Twitter $150 million for gathering users’ email addresses and phone numbers for security concerns and then exploiting the information to target them with…
- Starlink, a satellite internet network operated by SpaceX, has been granted a license by the Nigerian Communications Commission (NCC). Elon Musk, CEO of Tesla, revealed on Twitter that Nigeria and Mozambique have approved Starlink, the satellite internet service developed by SpaceX. Starlink…
- The final close of AfricInvest Fund IV (AF IV) with total commitments of US$411 million has been announced by AfricInvest, an African investment platform. Fund AfricInvest IV is the largest in the company’s history, and it follows on from the previous flagship fund, AfricInvest III, which closed…
- Victory Farms, a tilapia fish farm and aquaculture firm in Kenya, has raised $5 million in new capital. Ed Brakeman, a senior managing director at Bain Capital, and Hans den Bieman, the founder and former CEO of Mowi, one of the world’s largest fish companies, spearheaded the fundraising round. …
- Untapped Global has received a pre-seed round of US$10.3 million in debt and equity to help develop its smart asset financing strategy, which funds revenue-generating assets for entrepreneurs and SMEs in Africa and Latin America. Untapped Global, with offices in San Francisco, Africa, and Europe…
- Samsung, the South Korean conglomerate, has announced a five-year plan to invest more than $350 billion in its businesses and create tens of thousands of new jobs. The announcement comes only days after US Vice President Joe Biden paid a visit to a Samsung semiconductor plant as part of a trip to…
- FoondaMate, a South African ed-tech startup, has secured US$2 million in seed funding in order to use its AI-powered learning platform to overcome global education inequality gaps. LocalGlobe led the round, which included Emerge Education, FirstCheck Africa, LoftyInc, Future Africa, Marcus…
- JABU, a Namibia-based B2B e-commerce company, has raised $15 million in a Series A round led by Tiger Global. Other investors in this growth round include Box Group, Knollwood, and D Global Ventures. According to the company, businesses can use Jwallet to order, stock, and pay for their items,…
- Esaal, a healthtech startup based in Egypt, has successfully completed the Seed funding round, which was led by A15 and totaled $1.7 million. Esaal, founded in 2018 by Fadi Doss, is a telemedicine company that charges subscription fees for audio, video, and in-person consultations with experts on…
- Merqueo, a digital supermarket that operates in Colombia, Mexico, and recently Brazil, received a US$22 million financing package from IDB Invest and Blue like an Orange. The former is the private investment arm of the Inter-American Development Bank, and the latter is a private investment firm…
- Mentum, an API that can be integrated into the applications of other finTechs to massify investment products, received $4.2 million in funding led by Google’s Gradient Ventures, with participation from Global Founders Capital, Soma Capital, Investo, Y Combinator, and co-founders of Plaid and Jeeves…
- The Argentinian tech academy HENRY announced it raised $10M in a Series A round co-led by Kayyak Ventures and Seaya & Cathay. Other participants were Amarena, DILA Capital, Eduardo Della Maggiora (Betterfly), Accion Venture Lab, Tim Draper, and Matias Woloski (Auth0), among others. HENRY is a…
- London-based OpenDialog, an open-source conversational experience platform that creates scalable and secure conversational applications, announced that it has raised €4.66M in a Seed round of funding. Raised in only four weeks, the funds will enable OpenDialog to develop its product and support its…
- Dublin-based TransferMate, a global B2B payments technology startup that enables companies to send and receive payments cheaper, faster, and easier than before, has announced that it has raised $70M (approximately €66M) in a fresh round of funding. With over $130M of total funding, the B2B payments…
- Nomagic, a Polish startup that has built a robotic arm that can identify and pick out an item from an unordered selection (say, from objects in a box) and then move or pack it into another place, has raised $22 million, funding that it will be using towards both growing and expanding its business.…
- Paris-based mental health startup Moka.care has raised €15 million in funding to support mental wellbeing in the workplace. The Series A round was led by US-based VC Left Lane Capital with participation from existing investor Singular. VC firm Origins (co-founded by sporting legend Blaise Matuidi, …
- Berlin-based Knowunity has raised €10 million in a Series A round co-led by Redalpine and Stride. Existing investors including Project A and the founders of Booking.com and Preply, as well as World Cup-winning footballer Mario Götze also participated in the round. The funding will be used to…
- UK-based food technology startup Foodsteps has raised $4.1 million in seed funding to allow businesses to calculate, reduce and label the environmental impact of their food from farm to fork. The seed funding round, led by Octopus Ventures, will allow the company to improve its database by…
- Edinburgh-based Neurolabs has raised €3 million in a seed funding round that will enable the company to continue to scale operations as well as expand its offering to include several consumer packaged goods use cases. Since 2019, the startup has raised a total of $4.9 million. This announcement…
- Minus Zero said it has raised $1.7 million led by Chiratae Ventures, along with participation from JITO Angel Network and senior executives from tech companies like Nvidia, and Lyft. The deal marks the first time an Indian self-driving car company is attracting venture capital funds. The funding…
- Electric ride-hailing service BluSmart on Tuesday announced it has raised $25 million as part of its extended Series A1 round. In total, the startup has raised $50.7 million as part of its Series A round. BluSmart said that its EV ride-hailing platform aims to add 5,000 electric cars and scale up…
- Sylndr, an Egyptian online used-car marketplace, has secured $12.6 million in a pre-seed round led by RAED Ventures, with Algebra Ventures, Nuwa Capital, 1984 Ventures, Worldwide Founders Capital, and a number of regional and global angel investors participating. Sylndr is an automotive-focused e-…
