- Helsinki-based SaaS startup Videobot announced that it has secured €2M in a seed round of funding from Superhero Capital, Expon Capital Digital Tech Fund, and angel investors Urban Gillstrom and Ari Korhonen. The Finnish company says it will use the funds to accelerate its growth, especially in…
- Rotterdam-based Valyuu, a circular platform for pre-owned electronics, announced that it has secured €2.4M in a fresh funding round led by Rubio Impact Ventures and Slingshot Ventures. Other participating investors include US-based Techstars, Golden Egg Check Capital, and several angel investors.…
- Sweden-based Novatron Fusion Group, a company focused on fusion energy, announced that it has raised €5M in a seed round of funding led by Climentum Capital. The round also saw participation from Industrifonden, Santander InnoEnergy Climate Fund, and existing investors KTH Holding and EIT…
- Devolut, a startup focused on streamlining the returns process for online sellers in Latin America, has secured USD $600,000 in a pre-seed financing round. Various investment firms, including Seedstars International Ventures and FJ Labs, back the initiative. The company aims to simplify returns in…
- Leadsales, a Mexican tech startup, raised USD $3.7 million in an initial funding round led by Ulu Ventures and Blue Pointe Ventures. The funding will be used for new hires and to expand into the Brazilian market, where WhatsApp is highly popular. The company focuses on offering a unique way to…
- Diversity and inclusion are of paramount importance in the African tech industry for several compelling reasons. By actively promoting diversity and inclusion, the African tech industry can harness its full potential, drive innovation, and contribute to sustainable economic growth and social…
- The first international AWS Skills Center was launched by Amazon Web Services (AWS) in Cape Town, South Africa, as part of its ongoing effort to lower the barriers to enrollment in cloud skills training. In addition to sites in Seattle and Arlington, Virginia, Cape Town is the third AWS Skills…
- The Green Entrepreneurship Programme has been launched by the Tony Elumelu Foundation in partnership with UNICEF Generation Unlimited (GenU), the IKEA Foundation, and Young Green Entrepreneurs in order to address the high rate of youth unemployment in Africa. The Tony Elumelu Foundation’s digital…
- Zanifu, a Kenyan fintech startup, has raised $11.2 million in debt and equity funding in pre-Series A funding. With participation from Launch Africa, Founders Factory Africa, AAIC Investment, Google Black Founders Fund, and other investors, the round was led by Beyond Capital Ventures and Variant…
- Autolab, a trailblazer providing management software to car service facilities, has successfully raised USD $4.1 million in a funding round. Vertical Venture Partners and Haven Ventures led the round, which also saw participation from Interplay, Bullpen Capital, Proeza Ventures, and Polymath…
- Turku-based Comptek Solutions, a Finnish company boosting the efficiency of compound semiconductor devices, announced that it has secured €8M in a Series A round of funding. The investment came from a key strategic partner in the consumer electronics industry, the Horizon Europe EIC Fund, and LIFTT…
- Norway-based Remora Robotics, a company that specializes in aquaculture robotics, announced that it has secured approximately €2.5M in a fresh round of funding led by Grieg Kapital and Momentum. The company says it will use the funds to enhance its autonomous net cleaning technology. Remora…
- Frankfurt-based leonardo impact, an impact measurement startup, announced that it has raised €555K in a pre-seed funding round. The round was led by Beteiligungs-Managementgesellschaft Hessen (BMH), a local Hessen-based investor. In addition to BMH, the German startup also secured the support of…
- Dublin-based Ocuco, a specialist eyecare software partner, announced on Thursday, August 17, that it has secured €60M in a growth equity investment from Accel-KKR, a US-based tech-focused private equity firm. Ocuco says the investment will support the development of its cloud-based software, …
- London-based Borderless, a workforce migration platform, reportedly announced that it has secured £2.5M in a Seed round of funding. The company uses technology to simplify international relocation. It offers automated location recommendations, streamlined visa processing, and comprehensive…
- Ukrainian medtech startup DrugCards, a company that aims to provide pharmaceutical companies with “unparalleled insights” into products’ safety, announced that it had secured funding from New Nordic Ventures. While the funding amount has not been disclosed, DrugCards notes that this collaboration…
- According to Google officials for Africa, the company intends to train 20,000 women and young people in Nigeria in digital skills and provide a $1.6 million grant to assist the government in creating one million digital employment in the nation. According to Olumide Balogun, the director of Google…
- The launch of Safaricom’s M-Pesa mobile money service in Ethiopia is a boon for the Kenyan telecoms operator, which is trying to jumpstart its expansion in one of the continent’s economies with the help of Ethiopia. After a few months of pilot testing, the operator was granted a license from the…
- Oyster Agribusiness in Ghana has raised US$310,000 in grant and debt financing in order to advance its mission of sustainable agriculture, gender inclusion, and talent management. Oyster Agribusiness uses high levels of technology and closely collaborates with smallholder farmers. Root Capital, a…
- Founders Factory Africa has raised an additional $114 million to expand its approach and better serve entrepreneurs in Africa’s technology sector. Following earlier investments made into Founders Factory Africa by Standard Bank, Small Foundation, and Netcare, the Johnson & Johnson Foundation…
- Code Cash Crop 4.0, the fourth annual ag-hackathon hosted by AFEX, the continent’s largest participant in the commodities market, aims to harness the convergence of technology, finance, and agriculture and provide a venue for young tech enthusiasts to develop workable solutions. In order to…
- Following the announcement that Mastercard has agreed to purchase a minority stake in the financial-technology division of MTN Group Ltd., the largest wireless carrier in Africa, the stock of the telecom company has increased by the highest it has in the past three months. When the purchase…
- Ed Partners, a startup based in Kenya, has received $1.5 million in debt funding from Oikocredit, an investor in social impact, in order to offer private schools more reasonable financing options. Ed Partners, which was founded in 2018 by Lydia Koros and David FitzHerbert and is now run by CEO…
- Oslo-based DeckMatch is matching decent pitch decks with VC using an AI-powered platform. Taking the grunt work out of sifting through hundreds of start-up pitch decks, Leo Gasteen and Walid Mustapha’s solution evaluates start-up pitch decks for the stage, sector, and model of a business, the…
- Stuttgart-based Sereact, a provider of AI-powered robotics solutions for autonomous warehouses, announced that it has secured $5M in a Seed round of funding. Sereact says it will use the funds to expand its workforce and support the development and international roll-out of PickGPT. PickGPT is a…
- Oslo-based Pistachio (formerly CYBR), a cybersecurity training platform empowering individuals and organizations to stay safe in the digital world, announced that it has secured €3.25M in a fresh round of funding. The round was led by Berlin-based Signals Venture Capital. The investor group is made…
- Zürich-based ZuriMED Technologies, a biotechnology company, announced that it has raised €15m in a Series A round of funding. The round was led by Chindex Medical Limited and was joined by Yellowstone Holding AG and a group of private investors, including prominent orthopedic surgeons from…
- Vilnius-based Cargo Stream, a logtech startup, announced that it has secured €1M in a funding round led by private equity firm LitCapital. LitCapital is an independent growth capital fund dedicated to investing in high-growth companies in the Baltic region. The Lithuanian startup says the funding…
- Sweden-based CodeScene, a SaaS company that specializes in Software Engineering Intelligence (SEI), announced that it has secured €7.5M in a round of funding led by Neqst. CodeScene CEO/co-investor Hamdija Jusufagic, Luminar Ventures, and Inventure, also participated in the round. The Swedish…
- Berlin-based SureIn, an InsurTech startup, announced that it has raised €4M in a Seed round of funding led by Pact VC. The company aims to deliver comprehensive insurance solutions for small and medium-sized businesses. SureIn says the funds will be used to expand its technical teams to enhance the…
- An international money transfer and receiving service has been announced by Airtel Africa and Mastercard for Airtel’s mobile phone users in 14 African nations. The new service is intended for the more than 100 million Airtel mobile phone users in Africa and will help strengthen the partnership…
- Grinta, a fintech-enabled B2B digital platform digitizing the pharmaceutical supply chain, has expanded its presence in the nation by purchasing Alexandria-based online pharmacy Auto-Cure. Grinta, a controlled marketplace founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed,…
- Over the next three years, Airtel Kenya expects to invest more than $150 million (KSh21.5 billion) to increase network coverage. Through a number of measures, including the addition of 649 additional network sites around Kenya, it hopes to achieve this. Ashish Malhotra, CEO of the telco, stated…
- The World Bank Group will provide $257.4 million (KSh36.8 billion) to Safaricom Ethiopia to support its greenfield telecommunications initiatives. Mobile connectivity in Ethiopia will improve as a result of this development. The International Finance Corporation (IFC) and Multilateral Investment…
- Talents Arena, an Egyptian startup in the recruitment industry, has secured $750,000 in pre-seed funding. UI Investments served as the round’s primary investor. Several angel investors from Saudi Arabia and Egypt also invested in the round. Aya Elgebeely founded Talents Arena in 2019 to…
- Buguard, an offensive security, and dark web surveillance company based in Egypt, announced that it has acquired $500,000 in seed funding to expand its staff and concentrate on product, sales, and channel affiliations. A15, the MENA venture capital firm known as one of the most well-known…
- Speedbird Aero, a Brazilian drone delivery startup located in Franca, in the interior of Sao Paulo, received a $2 million investment from MSW MultiCorp 2, a fund managed by MSW Capital, which includes Embraer, BB Seguros, Batteries Moura, and Age-Rio as investors. With this funding, the company…
- Wroclaw-based QNA Technology develops blue-light emitting, heavy metal-free quantum dots to be used in advanced display technologies. It also focuses on formulating quantum inks that contain quantum dots to enable the semiconductors to be printed on any surface. The Polish firm has raised $4…
- Delft-based Villari, a TU Delft spin-off and provider of wireless structural health monitoring technology, announced that it has secured €2.5M in a seed round of funding. Villari says the funding will facilitate its technology refinement, team expansion, market-entry, and intellectual property…
- Southampton-based Dynamon, a software company that specializes in advanced data analytics and simulation tools for transport and logistics firms, announced that it has secured £4M in a Series A round of funding. The investment came from BP Ventures, a VC firm that backs private and high-growth tech…
- Vienna-based GoStudent, an online platform that connects students to teachers in a virtual learning environment, announced that it has secured $95M in a mix of equity and debt funding. The round saw participation from Deutsche Bank, Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue, and…
- Stockholm-based Fishbrain announced that it has raised $6M in a growth financing round co-led by Swedish venture capital fund Industrifonden and New York-based investment firm Lucerne Capital Management. The company says the funding will be used to develop new product features and enhance the…
- Germany-based energy firm Kraftblock announced that it has raised €20M in a Series B funding round. Shell Ventures, the venture capital arm of energy giant Shell, led the round with the participation of five other global investors, including Finindus and A&G Energy Transition Tech Fund. With…
- 11 of the 25 startups chosen by the Harvard Innovation Labs and Amazon Web Services (AWS) for the first NextGen Accelerator are African. Early-stage student entrepreneurs from Historically Black Colleges and Universities (HBCUs) and universities in Sub-Saharan Africa can participate in the NextGen…
- Traction, a merchant solution platform in Nigeria, received US$6 million in seed capital to fuel development, hire more people, and improve infrastructure. P1 Ventures was one of the investors in the seed round, which was co-led by Multiply Partners and Ventures Platform. Businesses can now collect…
- Mastercard has just announced a major partnership with Lipa Later, a prominent credit-focused and technology-driven financial services provider. This partnership intends to hasten the growth of Buy Now, Pay Later (BNPL) payment systems throughout Africa. The partnership’s provision of specialized…
- In collaboration with InfraCredit, FSD Africa Investments (FSDAi) has announced a £10 million (almost $13 million) investment into a ground-breaking risk-sharing backstop facility. The project aims to increase local currency funding for Nigeria’s long-term infrastructure development. The goal of…
- Entrepreneurs from all around South Africa are being encouraged to participate in the 18-month-long Tholoana enterprise program, an initiative launched by the renowned SAB Foundation and aimed at equipping entrepreneurs with the tools they need to create sustainable and successful enterprises. The…
- Remedial Health, a Nigerian e-health startup that creates solutions to increase the effectiveness of Africa’s pharmaceutical value chain, has raised $12 million in a round of equity and loan financing. The US-based venture capital firm QED Investors and Ventures Platform, the latter of which has…
- For the third edition of the Startup Wise Guys accelerator, which provides chosen B2B SaaS startups with access to EUR100,000 (US$110,000) in investment and five months of comprehensive mentoring, applications are now open. Startup Wise Guys, an organization that was founded in Tallinn, Estonia in…
