- AfriLabs, an African hubs network, has launched the AfriLabs Academy to provide startup ecosystem enablers with the skills and training they need to support African businesses. The AfriLabs Academy is part of the AfriLabs Capacity Building Program and is designed to provide training and management…
- Doxx, an Egyptian e-health startup, has secured US$1.5 million in seed funding to keep developing its digitalized healthcare platform that connects medical experts and institutional healthcare providers to assist in a patient’s medical journey. Openner and Elevate Healthcare participated in the…
- According to Juniper Research, the value of digital wallet transactions is expected to hit $12 trillion by 2026. The total value of transactions is expected to be around $7.5 trillion this year. To take advantage of this significant increase, prominent digital payment suppliers are expected to…
- Zuri Health, a mobile-based digital healthcare startup, has announced that it has raised $1.3 million in funding to grow across Africa, with participation from DOB Equity, Launch Africa, and Founders Factory Africa. Ikechukwu Arthur Anoke and Daisy Isiaho founded Zuri Health in 2021 after they…
- The second cohort of the Google for Startup Black Founders Fund for Africa has opened for applications, with 60 eligible black-founded startups poised to receive a total of US$4 million in funding. In October, fifty founders were awarded equity-free capital, and Google has stated that for the…
- Topship, a Nigerian logistics firm, has raised US$2.5 million in funding to continue building the “Flexport for Africa.” Topship, which is set to launch in June 2020, enables African businesses to export and import cargo, freight, and parcels to their suppliers, distributors, and consumers…
- Instabug, an Egyptian startup that provides mobile monitoring, crash, and bug reporting solution for mobile teams, has raised US$46 million in Series B funding to expand its product and create the first mobile observability and performance monitoring platform, according to the company. Insight…
- TRB Advisors led a $10 million bridge round for Africa-based healthcare startup CarePoint, with participation from Breyer Capital, Beyond Capital Ventures (BVC), M3 Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman. Dr. Sangu Delle launched CarePoint, which was previously known as…
- Twiga Foods has announced the launch of Twiga Fresh, a new business focusing on contemporary and commercial farming, to assist in the delivery of low-cost, high-quality, and safe food to informal shops and urban customers. Twiga Fresh will use the USD10 million investment to expand the efficient…
- Since its inception in January 2020 Adanian Labs, the “start-up that builds start-ups” has fast-tracked its value proposition in Venture building across the African continent by providing a platform for African Tech start-ups to access key resources, financing, and scale. With Pan African co-…
- According to a top watchdog official, global market regulators are likely to establish a single agency within the next year to better coordinate cryptocurrency laws. The spotlight has returned to crypto markets this week, amidst even more wild volatility that has long frightened watchdogs. The…
- The BLOC Smart Africa fund, managed by Bamboo Capital Partners and launched by the Smart Africa Alliance, has announced a $585,000 investment in TooMuchWifi, a South African internet service provider. Connectivity Capital, Atreyu Investments, and a European Family Office joined existing investors…
- TopUp Mama, a Kenyan startup that connects African eateries with supplies, banking services, and business management tools, has raised US$1.7 million in venture capital to help it expand. Ventures Platform and JAM Fund led the seed round, which was also joined by Next Billion Ventures, Future…
- The Chilean startup Grupo Central raised $3M in a seed round that was led by Moonvalley Capital, Global Founders Capital (GFC), and Opera Ventures. Grupo Central is a pioneer startup in the development of the Dark Kitchens and Dark Stores model in Chile. The startup offers professional kitchens…
- Welbe, a health tech that offers companies a comprehensive health program for their workers, announced its first pre-seed survey for US$3 million. The Nazca investment fund led the round. Marathon Ventures, H20, and various angel investors also participated in the investment, including Ricardo…
- Amsterdam-based Willicroft, a plant-based cheese producer, announced on Tuesday that it has raised €2M in a pre-Seed round of funding. The investment was led by early-stage investors Rockstart and PINC, Paulig’s venture arm. Döhler and Feast Ventures also participated as co-investors. The startup…
- U.K. startup called Token.io has closed $40 million in funding to expand its own particular push in payments tech account to account payments and accessing accounts for transactions by way of a single API deeper into the U.K. and across Europe. The funding is being co-led by Cota Capital and…
- Berlin-based digital B2B marketplace MagaLoop has raised €9 million in funding for its app-based ordering platform to connect independent retailers directly with suppliers. The Series A round was led by existing investors Market One Capital and FoodLabs and saw the participation of Redalpine…
- Addressing the problem, Italian startup Bevy, is delivering water and everyday beverages to a customer’s doorstep within 3 hours at supermarket prices, senza delivery fee. An everyday problem that is still far too common in most parts of Europe is the process of carrying home water cases from the…
- Cryptocurrency trading platform Elwood Technologies founded by British hedge fund billionaire Alan Howard has raised $70 million in funding. The round was co-led by B2B investor Dawn Capital and Goldman Sachs, with participation from Barclays, BlockFi Ventures, Chimera Ventures, CommerzVentures, …
- Austria-based headless content management system (CMS), Storyblok has raised $47 million in funding to enable developers and marketers to deliver powerful content experiences on any digital platform. The Series B financing was led by Mubadala Capital and HV Capital and joined by existing…
- Indian Fintech startup BharatX has raised $4.5 million in a funding round from Silicon Valley-based famed accelerator Y Combinator, 8i Ventures, Multiply Ventures, and Soma Capital. The company plans to utilize the funds to expand its team and develop its product. The funding round also saw…
- Smytten, a product sampling and engagement platform for direct-to-consumer brands, has raised around $15 million in its latest funding round led by its existing investors Fireside Ventures and Roots Ventures. The round also saw investment from Marico chairman Harsh Mariwala’s family office Sharrp…
- Melorra, a direct-to-consumer (D2C) jewellery brand, has raised $16 million from Axis Growth Avenues, SRF Family Office, N+1 and existing investors, in the first leg of its Series D round. The funding includes $14 million in equity and $2 million in debt. In October 2021, the company raised $24…
- Fashinza, an Indian based AI-driven business-to-business (B2B) marketplace, has raised $100 million in a funding round led by Prosus Ventures (formerly Naspers Ventures) and Westbridge. The company will use the funds to create a sustainable supply chain and expand into new geographies, it said in a…
- Nigeria’s markets regulator has published a set of digital asset regulations, indicating that the continent’s most populous country is attempting to strike a balance between outright bans on crypto-assets and their unregulated use. Last year, Nigeria’s central bank prohibited banks and financial…
- Elon Musk said his $44 billion cash purchase with Twitter Inc is “temporarily on hold” while he waits for the social media giant to produce data on the percentage of fake accounts it has. “Twitter deal on hold temporarily seeking details supporting calculation that spam/fake accounts constitute…
- According to CoinGecko data, Luna fell to $0 on Friday, a shocking drop for a cryptocurrency that had formerly been worth more than $100. The contentious stablecoin TerraUSD’s sister token is now practically worthless. The failure of contentious stablecoin Terra triggered a crypto market crisis,…
- Google has introduced a series of hardware products, the latest hint that it is serious about expanding its company outside advertising. Additionally, the company has plans to introduce a new tablet in the coming year and has unveiled its first in-house smartwatches. Google also announced…
- Interswitch, an African payments company, has received a $110 million investment from LeapFrog Investments and Tana Africa Capital to help it expand its digital payment services across Africa. Interswitch, with a market capitalization of $1 billion, is one of Africa’s most valuable electronic…
- For the third year, Grow with Google, Pluralsight, and Andela have teamed up to present the Google Africa Developer Scholarship to support software engineers in Africa in two different roles: Android Associate Developer Cloud Associate Engineer This program seeks to engage with current and…
- Identitypass, a cybersecurity, and anti-fraud startup based in Lagos have raised $2.8 million in seed funding, which it plans to utilize to extend its product suite and platform into other territories. Identitypass received seed funding from Marc Ventures, as well as Y Combinator, Soma Capital,…
- Mylerz, an e-commerce fulfillment firm based in Cairo, has raised $9.6 million in funding. Lorax Capital Partners, an Egypt-based private equity firm, led the investment round, which also included Fawry, an Egyptian e-payment provider. In November 2019, Samar Gharibeh founded Mylerz. The Mylerz…
- One of Africa’s leading crypto exchanges, MARA, has received $23 million in funding from Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ Ventures; DIGITAL; Nexo; Huobi; DAO Jones (investment DAo sponsored by Mike Shinodo, Steve Aoki and Disclosure); and almost 100 crypto investors…
- Kaltani, a Nigerian clean-tech plastic waste recycling company, has raised $4 million in seed funding to boost its recycling operations throughout the nation. With Kaltani’s technology, the entire value chain is transparent and traceable thanks to data analytics, predictive analytics, and…
- It’s been more than 20 years since the iPod became the standard for portable music and launched Apple’s remarkable rise to become the world’s most valuable corporation. Apple has confirmed that it will no longer manufacture iPods, the MP3 devices that revolutionized the way people listen to music…
- According to data site CoinMarketCap, crypto assets have lost roughly $800 billion in market value in the last month. Prices of digital assets have fallen, reflecting a drop in equities amid fears of aggressive interest rate hikes around the world to combat decades-high inflation. The Nasdaq (.…
- Product and service development is a common way to think about innovation, but there are other ways to think about it, as well. To remain relevant, businesses must continuously innovate; hence, specific factors must be established to foster innovation. Innovation can also take the form of a shift…
- The Social & Inclusive Business Camp (SIBC) has quickly established itself as a must-attend event for high-impact African entrepreneurs, and will soon be helping the next generation of project leaders in scaling up their businesses. Since 2017, the SIBC has aided approximately 240…
- Cogniteam, a robotics development startup that just launched the Nimbus robotics AI operating platform, has raised $5.6 million in a Series A round of funding. Previous investors in Seabarn Management (Andrew Owens) and UK-based Panthera family office members participated in the round of funding.…
- After 5 years of working for the SMEs market in Chile and with more than 7000 clients, Insurtech Simplee raised its first seed round led by Magma Partners to continue delivering quality service to small and medium companies in Latin America. Simplee Seguros was born in 2018 as a traditional…
- Bookaway, which has built a platform for people to view options for and book their ground transportation — journeys from a long-haul arrival point to a hotel or other final destination, with some 7,000 providers listed in all currently has raised $35 million. The Tel Aviv-based startup’s Series C…
- Vienna-based digital e-commerce fulfillment platform byrd has raised $56 million in funding to let e-commerce retailers deliver the next day to consumers anywhere in Europe. The round was led by Cambridge Capital, with participation from Speedinvest, Mouro Capital, Elevator Ventures and other…
- Belgian startup firm TechWolf, which has raised €10 million in funding. The Series A round was led by Stride.VC, with participation from Fortino Capital, Acadian Ventures, PMV, Syndicate One, and existing investors. The extra cash will be used by the startup to execute its go-to-market strategy,…
- London-based Lollipop has raised £5 million in a seed funding round led by Octopus Ventures. Targeting busy families, particularly with children, Lollipop is the app that finally brings meal planning, shopping, and cooking services all under one umbrella. The fresh produce is expected to help the…
- French AI-driven logistics platform Zozio has raised €4 million in funding. The round was led by Capricorn Partners and saw the participation of Industrya and The Faktory Fund. The startup will triple its workforce to further develop its solution offering for manufacturing players across Europe.…
- Rotterdam-based Freeday has raised €4 million in funding to build new partnerships and roll out in new markets. The round was led by VC firm henQ. The founders of RPA boutique Ciphix and digital strategy agency Numa launched the platform in October 2020. The company aims to rewrite how we work and…
- Even flow Brands (Evenflow), an eCommerce rollup said it has closed a funding of $5 million from a clutch of investors. The startup partners with digital-first brands that sell on eCommerce marketplaces like Amazon, Flipkart, Meesho, JioMart, and others, and helps to scale them profitably. The firm…
- Zomato CEO Deepinder Goyal announced on Friday that he would donate all proceeds from the employee stock options (Esops) he received from investors and the board of directors to the Zomato Future Foundation (ZFF). At Zomato’s average share price over the past month, these Esops are worth around $90…
- Overseas study assistance startup ForeignAdmits has raised about $450,000 from Mumbai-based early-stage fund Unicorn India Ventures (UIV) and other investors like Bengaluru-based SEA Fund. Beerud Sheth, founder of Gupshup, Zishaan Hayath, founder of Toppr, and Keshab Panda, former chief executive…
