- The REdimension Real Estate Technology and Sustainability Fund I, the company’s first fund, has received more than $10 million in funding from the South African venture capital firm REdimension Capital. Growthpoint Properties, Rand Merchant Bank, and Investec Property Fund took the lead in the…
- The Worldcoin cryptocurrency project’s local operations have been put on hold, according to Kenya’s interior ministry, while authorities evaluate the possible risks to the public’s safety. Sam Altman, the CEO of OpenAI, founded the initiative, which debuted last week. In some countries, users also…
- Jacaranda FM and Access Bank South Africa have partnered for Women’s Month to help professional women in South Africa perfect their “Her Perfect Pitch” and compete for a portion of R2 million in incentives. All female business owners who have operated their companies for at least a year are urged…
- Zuri Health, a Kenyan startup, has received additional funding from Five35 Ventures to enable it to expand its cutting-edge healthcare platform and help more people. Five35 Ventures is an early-stage venture capital company that invests in female-focused entrepreneurs in a variety of industries…
- The Westerwelle Young Founders Programme is now accepting applications for its latest cohort. The program provides outstanding young entrepreneurs from developing and emerging nations with six months of business coaching and a trip to Berlin to attend the Young Founder Conference. Young business…
- AfriLabs, an African hub network, has teamed up with the Office of Global Partnerships (E/GP) of the US Department of State to tackle the climate issue while promoting entrepreneurship in Africa. Through its community-focused approach, AfriLabs, which was founded in 2011, empowers and supports…
- Clafiya, a Nigerian health tech startup, has raised $610,000 in a pre-seed round of funding to help with product development and staff expansion. Investors including Norrsken Accelerator, Acquired Wisdom Fund (AWF), Hustle Fund, Voltron Capital, Microtraction, Ajim Capital, HoaQ, Bold Angel Fund…
- London-based Stylib, an architectural professional solution, announced on Friday that it has raised £1.5M in pre-seed funding led by Foundamental, a prominent global early-stage construction tech investor. Nemetschek Group and Redstone Built World Strategy also participated in the round. The…
- Spain-based Cimico, a biotechnological wastewater treatment solution for both urban and industrial environments, announced that it has secured €7M in its second round of financing. Cimico says it will use the funds for national and international expansion. The firm will continue to spend in R&D…
- Nantes-based GenSensor, a deeptech company that optimises the development and production of biomedicines, announced that it has secured €2M in a fresh round of funding. GenSensor seeks to advance the research, manufacture, and use of novel medicines by reindustrializing their production in France…
- Portugal-based Infraspeak, an Intelligent Maintenance Management Platform (IIMP), announced that it has raised €7.5M in a Series A extension round of funding from Bright Pixel. The announcement comes eighteen months after raising €10M in funding in a Series A round in October 2021. Leading the…
- Brazilian startup Turbi raised a $16.4M round led by EXT Capital, with participation from Solis Investimentos, Jive Asset Management, Banco Daycoval, TMF, and Oliveira Trust. The company will use the funds to add 1,000 new vehicles to its fleet. Turbi offers a fully digital car rental service…
- Foodology, a Colombian startup specializing in cloud kitchens and virtual restaurants, secured $17M in financing. The round included participation from Andreessen Horowitz, Chimera, Daedalus Ventures, and 30N Ventures. The capital will help Foodology solidify its leadership position in Brazil. “We…
- Kasha, a Rwandan last-mile delivery and digital retail platform for women’s health needs, raised $21 million in a Series B funding round. Knife Capital, a South African venture capital firm, took the lead in the funding round. Finnfund, Development Finance Corporation (DFC), Tim Koogle, the former…
- Applications are now being accepted for the second batch of the FAST accelerator, which was developed by Microsoft in collaboration with Flapmax to enhance and expand Africa’s digital economy. FAST Accelerator 2023 promises to provide company founders looking to scale quickly and sustainably with a…
- MyCover.ai, a Nigerian insurtech startup, has completed a US$1.25 million pre-seed funding round. Ventures Platform led the funding round, which also included Founders Factory Africa and Techstars. MyCover.ai, which was founded in 2021, is devoted to tackling the problems with the African insurance…
- Startupbootcamp AfriTech, an accelerator program, is now accepting applications for its fourth edition of the Africa Startup Initiative Program. The first pan-African startup accelerator with multiple corporate supporters, Startupbootcamp AfriTech was launched in 2017. Young businesses with ground-…
- Using the power of artificial intelligence (AI) and machine learning (ML) in the cloud, Amazon Web Services (AWS) is launching its first Global Fintech Accelerator to help fintech innovators create and launch innovative financial services products. 150 fintech startups from North America (NAMER),…
- Flash, an Egyptian cashless payment app, has secured US$6 million in a seed round in order to accelerate the development of its product. Addition led the funding round, which included Flourish Ventures and additional strategic angel investors. Flash is a payment application that offers cashless…
- Applications for the latest MINT Incubator, a program that helps startups in developing and becoming investment-ready, have been launched by EGBank and Alex Angels. Since its launch in 2018, there have been ten editions of the three-month equity-free MINT Incubator. Finance, sales, marketing,…
- Exits MENA, an Egyptian fintech investment banking platform, has raised $1.25 million in a seed round led by Silicon Valley venture company Practical VC. The funding round was led by general partners Dave McClure and Aman Verjee, Practical VC specializes in secondary market transactions, focusing…
- German maritime start-up subdron GmbH has raised a €1.3 million pre-seed funding round which was co-led by xista science ventures and Faber, from its Ocean/Climate Tech fund, with participation from Saber GmbH. Funds will enable subdron to get cracking on the development and deployment of its…
- Amsterdam-based GET Protocol, an NFT ticketing solution that bridges mainstream audiences into web3 at a large scale, announced that it has secured $4.5M in a seed round of funding. The round was led by Flow Ventures, a Dutch-based early-stage venture firm that invests in the tokenized economy that…
- The African tech industry is a dynamic and rapidly growing sector that presents both opportunities and challenges for women. By addressing the challenges and nurturing the opportunities, the African tech industry can create an inclusive environment that empowers women, fosters innovation, and…
- Accelerator Startup Wise Guys has announced that it is accepting applications for its SaaS (Software as a Service) Accelerator Program in Africa. The goal of this program is to assist local SaaS companies in becoming successful by providing them with the resources they need to overcome typical…
- Egypt, Tanzania, and Nigeria are the three African nations where Apple has said it will adjust the prices for apps and in-app purchases starting on July 25, 2023. Apple claims that this is because of tax laws, changes in foreign exchange rates, and the introduction of Value Added Tax (VAT). Both…
- Visa has announced the launch of a new initiative called the Africa Fintech Accelerator, which will provide assistance to African companies by providing knowledge, contacts, technology, and investment capital. Up to forty startups per year will benefit from the accelerator’s intense three-month…
- Elon Musk, founder of Twitter and CEO of Tesla and SpaceX, announced the launch of xAI, a new artificial intelligence startup with the mission to “understand the true nature of the universe.” According to Musk, xAI will compete with the likes of OpenAI, Google, and Anthropic, the creators of other…
- The Anglo American Foundation (AAF) and Grindstone, an accelerator known for developing high-growth businesses, have joined forces to develop a South African accelerator dedicated to helping eco-friendly business owners get off the ground. The collaboration’s ultimate goal is to find and support…
- Twenty Ghanaian startups have completed the UNICEF StartUp Lab Accelerator and received a total of $445,000. Following a six-month intense accelerator program focused on business and product development, 20 of Ghana’s innovative entrepreneurs have graduated from the program. “We continue to be…
- Moove, a Nigerian mobility fintech startup, has received an additional $8 million in funding from Absa Corporate and Investment Banking (CIB), bringing its total funding to date from the bank to $28 million. This comes after Moove received USD 20 million in funding from Absa for its South African…
- Parisian fintech startup finres has raised €4.1 million to help drive investors to make better decisions when it comes to ploughing into agriculture. The funding will be used to help finres launch its investor platform, push ahead with R&D activities, and significantly ramp up its presence in…
- Eindhoven-based deep-tech startup FononTech announced on Tuesday that it has secured €2.3M in a seed round of funding. The investment came as a convertible loan from TTT Smart Industries Fund, SHIFT Invest, Brabantse Ontwikkelingsmaatschappij (BOM), the Brabant Startup Fonds (BSF), and renowned…
- London-based Outverse, a ‘full-stack’ community platform for modern SaaS companies, announced that it has secured $6M in a Seed round of funding led by Wing VC. Notion Capital, Seedcamp, Connect Ventures, and Tiny VC also participated in the round. Founded in 2021 by Kyran Schmidt, Ollie Steadman,…
- Apple’s recent market valuation of $3 trillion made it the first publicly traded corporation in history to do so. This is largely a significant achievement, but it does suggest that investors are still confident in Apple’s future prospects. Apple’s market worth tripled in less than four years to…
- Executive Chair Elon Musk announced that Twitter is instituting a daily limit on the number of tweets that individual accounts can read in an effort to reduce “extreme levels” of data scraping and system manipulation. After browsing through several hundred tweets, users can be locked off of Twitter…
- The Seedstars Youth Wellbeing Ventures Mandat, launched by Seedstars Capital and Fondation Botnar, will invest $20 million in early-stage, purpose-driven firms across Africa with the goal of enhancing the wellbeing and happiness of young people living in low- and middle-income regions. Together,…
- Eze, a wholesale marketplace for used and new electronics in Nigeria, has raised US$3.7 million in seed funding. Right Side Capital Management led the investment round, which also included angel investors C2 Ventures, Boro Capital, EVPI Investments, and others. Eze is a business-to-business (B2B)…
- Yellow has raised $14 million in a series B funding round. Yellow is an asset financier for solar energy and digital products in Africa. Convergence Partners led the funding round, which also included participation from Triple Jump’s Energy Entrepreneurs Growth Fund and Platform Investment…
- The Ecobank Fintech Challenge, which aims to support the expansion of Pan African Fintech success stories, has announced the launch of its 2023 edition. Ecobank operates in 35 different countries across Africa; the Challenge seeks to find and work with fintech that is ready to scale and give them…
- Peach Cars, a Kenyan online marketplace for automobiles, has raised $5 million in seed funding, the company announced. The University of Tokyo Edge Capital Partners, based in Japan, led the funding round alongside other angel investors like Shintaro Yamada, Peter Kenevan, and Hiroaki Ohta. Kaoru…
- According to IMF Managing Director Kristalina Georgieva, the IMF is developing a framework for central bank digital currencies (CDBCs) to facilitate transactions between nations. Unlike cryptocurrencies, which are almost always decentralized, CBDCs are digital currencies that are managed by the…
- French sustainable adtech start-up Greenbids is cleaning up the digital advertising space. A Scope3 report found that digital advertising generates more than 2.6 million metric tons of carbon per year, across five leading economies. It might be a somewhat surprising figure to some, so Greenbids is…
- Amsterdam-based TAPP, a digital platform that provides insights into the hospitality market based on cash register data to improve turnover, announced that it has secured €3M in a fresh round of funding. CNBB led a €2M funding and was supported by ROM InWest. An additional loan of €1M came from …
- London-based Synthesia, an AI video creation platform, announced that it has secured $90M in a Series C round of funding at a valuation of $1B. The round was led by Accel Ventures and NVIDIA’s venture capital arm NVentures. Existing investors Kleiner Perkins, GV, Firstmark Capital, Alex Wang,…
- Germany-based SPARETECH, a data platform for industrial spare parts, announced that it has raised €10M in a Series A round of funding. The round was led by New York-based software investor Insight Partners with participation from Headline and existing investors. The company says it will use the…
- Paris-based Mistral AI, a platform specializing in generative artificial intelligence, announced that it has secured over €105M in a seed-stage round of funding. According to Tech Crunch, the startup is currently valued at €240M. The round was led by Lightspeed Venture Partners. Founded by key…
- Reykjavík-based DTE, an innovator in decision support for the metals production and manufacturing industry, announced that it has secured $10M in a Series A2 round of funding. The investment came from aluminium industry leader Novelis, VC firm Metaplanet, and the European Innovation Council (EIC)…
- Colombian fintech, FinMaq, closed a successful investment round, securing $3.5M in equity and $20M in funding. The company plans to use the capital to grow its presence in Colombia and expand operations to Chile, Peru, and Mexico. FinMaq aims to generate positive social impact through inclusion,…
- Blockchain and cryptocurrency have the potential to bring significant benefits and opportunities to Africa. Here are some areas where their potential impact is noteworthy: Financial Inclusion: Blockchain technology can enable financial services for the unbanked and underbanked populations in Africa…
