- Zofi Cash, a Ugandan fintech startup, has raised $1 million in pre-seed capital to strengthen its mission to make every day a payday for employees with paychecks. Advancly, a provider of business-to-business lending with operations in six African nations, is the sole investor in the pre-seed…
- Meta recently unveiled its next-generation virtual reality (VR) and mixed-reality (MR) headset, the Meta Quest 3, which is scheduled to begin shipping this fall at a price point that starts at $500. While Apple is widely speculated to unveil its own mixed-reality headset at next week’s 2023…
- Analyzing the regulatory environment for technology companies in different African countries requires a comprehensive understanding of the diverse legal frameworks, policies, and practices that govern the tech industry in each nation. While it is challenging to provide an in-depth analysis of all…
- The Africa Food Prize is the premier prize honoring an exceptional person or organization that is driving the effort to transform the reality of farming in Africa from a company that struggles to survive to one that flourishes. The US $100,000 award honors Africans who are directing the continent’s…
- M-KOPA, a major fintech platform, recently announced that it had successfully raised more than $250 million in fresh debt and equity capital to increase its reach among underbanked customers in Sub-Saharan Africa. Standard Bank Group took the lead in raising the funds. The International Finance…
- The technology startup Gricd, which has now rebranded itself as Figorr and is based in Lagos, Nigeria, has acquired $1.5 million in Seed funding. Figorr develops solutions that are powered by the Internet of Things. Atlantica Ventures took the lead in the funding round. Vested World, Jaza Rift, and…
- The proposed $69 billion acquisition of gaming company Activision Blizzard by Microsoft was approved by European Union regulators subject to Microsoft’s requested revisions. Regulators and some of Microsoft’s competitors, including Sony, the maker of the PlayStation game console, have opposed the…
- Brazilian insurtech Justos closed a $5.9M venture round led by an anonymous major reinsurer. MSR Capital also participated. The startup will use the money to extend its runway up to 30 months and continue its growth strategy to raise a strong series B and avoid a down-round. Justos uses machine…
- Stockholm-based anotherblock has raised €4 million in a seed funding round. According to the company, after making “significant strides” in the past year, the new funding will be used to push the company further forward, on a global scale. Since early 2022 anotherblock has raised a little more…
- Netherlands-based Young Heroes, an HRtech startup that empowers young professionals to shape their future by building self-confidence through knowledge, announced that it has secured €400K in a fresh round of funding. The investment came from G-Force Capital, a Dutch pre-seed fund focused on…
- Frankfurt-based Wingcopter, a startup that develops and sells transport drones for humanitarian and civil applications, announced that it has secured €40M quasi-equity investment from The European Investment Bank (EIB). This strategic investment aims to propel the production of Wingcopter’s…
- Helsinki-based Aibidia, a company that claims to be the world’s leading transfer pricing platform, announced that it has secured €13M in a Series A round of funding. The company’s Series A round was co-led by DN Capital and FPV Ventures. Existing investors Icebreaker.vc and Global Founders Capital …
- London-based Oneday, the first platform for formal entrepreneurship education, announced that it has raised $6.2M in a Series A round of funding. Ananda Impact Ventures, Brighteye Ventures, Outward VC, Flint Capital, and Sparkmind.vc participated in the funding round. Oneday says it will use the…
- Zurich-based ANYbotics, a robotics company pioneering the development of autonomous mobile robotics, announced that it has secured $50M in a Series B round of funding. The round was led by Walden Catalyst and NGP Capital with participation from Bessemer Venture Partners, Aramco Ventures, Swisscom…
- Linda Yaccarino, who most recently served as the head of advertising for NBCUniversal, has been appointed by Elon Musk to take over as CEO of Twitter. Shortly after announcing that he had found a new CEO, Musk tweeted his confirmation of Yaccarino’s appointment. “I am excited to welcome Linda…
- DigsConnect, a South African online marketplace for student accommodation, has received undisclosed funding as part of its ongoing Series A round from Cape Town-based Intaba Capital, a women-led investment company. The company secured a pre-Series A round of funding last year to fuel its global…
- Balad, an Egyptian fintech startup, has raised a seven-figure USD pre-seed round of capital in order to establish its remittances platform, expand its staff, and get necessary licenses. Acasia Ventures, formerly known as Cairo Angels, an Egyptian venture capital firm, led the funding round. Other…
- Quro Medical, an e-health startup based in South Africa, has secured $1.3 million in funding from the Mineworkers Investment Company (MIC). Quro Medical, a company founded in 2018, has created a cheap and accessible hospital-at-home solution that combines cutting-edge technology and software with…
- Raise, an end-to-end fundraising platform based in Kenya, has received an undisclosed quantity of funding from Carta, a San Francisco firm specializing in capitalization table management and valuation software. Marvin Coleby and Eugene Mutai founded Raise in 2018, and it went public in June of that…
- The Abu Dhabi National Oil Company (ADNOC) has announced a global competition to find solutions that will transform the world’s energy landscape. Several organizations, including Amazon Web Services (AWS), bp, Hub71, and the Net Zero Technology Center, have come together to back the Decarbonization…
- In a joint press release, Abu Dhabi National Oil Company (ADNOC) and Baker Hughes announced their plans to collaborate on the development and commercialization of innovative solutions for green and low-carbon hydrogen in addition to graphene. ADNOC will work with Baker Hughes as a strategic partner…
- SQUATWOLF, an e-commerce company established in the United Arab Emirates (UAE), has raised $30 million in investment from ASCA Capital Limited. SQUATWOLF, a luxury gym wear brand founded in 2016 in Dubai, currently has a global footprint through e-commerce and a presence in third-party retail…
- Bolt has launched its third annual #WomeninTech paid internship program, which will run concurrently in the following four African nations: Kenya, Ghana, Nigeria, and South Africa. Selected participants in the program will get training, mentoring, and empowerment in a variety of disciplines,…
- Drest, an e-commerce platform founded in Tunisia, has raised US$336,000 to support its entry into the African market. 216 Capital Ventures was the investor in this round of funding. With the inauguration of its first store in Algeria, the business hopes to continue its international expansion.…
- London-based hackajob, a company that claims to bring ‘great’ people together with ‘great’ companies to drive the world forward, announced that it has secured nearly €22.66M in a Series B round of funding. The investment came from US-based growth equity firm Volition Capital. Founded in 2014 by…
- Bayonne, France-based Lynxter, a manufacturer of one-of-a-kind industrial 3D printing machines, announced that it has raised €4M in a Series A round of funding. Existing investors, and new partners Etchart group, NACO (advised by M/capital), Pyrénées Gascogne Développement, and HERRIKOA,…
- Cologne-based Certif-ID, a blockchain-based ‘Future of Work’ platform that connects education to technical skills employment, announced that it has secured €1.6M in a Seed round of funding. The investment was led by NRW-Bank and angel investors Andreas Weinberger, Malte Pollmann (Supervisory Board…
- Netherlands-based Embrosa, a company that enables (global) brands to publish hyper-local social ads around brick-and-mortar stores that sell their brand, announced that it has secured €450K in a Seed round of funding. The Dutch startup says it will use the funds to further develop its technical…
- Stockholm-based Improvin’, a climate technology company, announced that it has secured €3.5M in a Seed round of funding. This round was led by Pale Blue Dot, a renowned climate tech fund, and Dynamo Ventures, a US-based VC focused on supply chain innovations. Other investors included FoodBridge,…
- BeeReaders raised $3.5M to expand its Spanish literacy solution across Latin America and the US The seed round was led by Reinventure Capital and Acumen Latam Impact Ventures (ALIVE), with participation from other organizations such as EWA Capital, University Venture Fund, and Wisconsin Investment…
- Stockholm-based Bits Technology, a startup that aims to simplify and democratize financial tech services for everyone, announced that it has raised €4M in Seed funding to reshape how future fintech products are built. In September 2022, the company raised €1M in pre-seed funding. The company says…
- Ctrl, a London and Tel Aviv-based startup that empowers revenue teams to combine data from different platforms to create their own custom workspaces, announced that it has secured €8.14M in a fresh round of funding. Omri Sagzan, the co-founder of Ctrl, says, “We’re thrilled and humbled to see our…
- Helsinki-based Virta, an electric vehicle (EV) charging platform, announced that it has secured €85M in growth funding to increase the impact of EVs on energy flexibility markets and accelerate growth in Europe and Asia-Pacific. €65M in equity investment came from Virta’s existing investors led by…
- Barcelona-based Taclia, a software startup that enables SMEs to digitize and manage daily processes, announced that it has secured €6.2M from Cusp Capital and Stage 2 Capital. Taclia says it wants to use the funds to improve the product, grow its team, and scale across geographies. Alex Casals…
- The “Milken-Motsepe Prize in Agritech” has named Tanzanian biotech startup NovFeed as its first-place winner. The startup won a $1 million reward for its accomplishment. The Milken-Motsepe prize for agritech is the first in a line of multiyear, multimillion-dollar innovation challenges and…
- The latest edition of the Global Cleantech Innovation Programme is now accepting applications in Nigeria, and it’s looking for people who are enthusiastic about clean technology, combating climate change, and having a positive effect. The initiative focuses on Nigerian cleantech companies and SMEs…
- Nomba, a Nigerian payments startup, has secured a US$30 million pre-Series B fundraising round to help it deliver personalized payment solutions to African companies. Base10 Partners, based in San Francisco, took the lead in the oversubscribed equity funding round, which also included Helios…
- After successfully raising $10 billion last year, Meta has announced plans to issue $8.5 billion in a five-part bond offering According to Meta, it will utilize the money to assist pay for capital expenditures, repurchase outstanding shares of its common stock, and make investments or acquisitions…
- The ChatGPT chatbot’s creator, OpenAI, has completed a $300 million share sale at a $27 billion to $29 billion valuation. Tiger Global, Sequoia Capital, Andreessen Horowitz, Founders Fund, Thrive, and K2 Global, among other Venture Capital companies have reportedly purchased new shares. To be…
- Storspay, a fintech company based in Nigeria, has received US$320,000 in funding and has been accepted to the Techstars NYC accelerator, backed by JP Morgan Accelerator. The startup has been accepted into the JP Morgan Accelerator-supported Techstars NYC accelerator for 13 weeks of funding and…
- The second cohort of Investing in Innovation Africa (i3), a pan-African initiative for companies reimagining healthcare supply chains, is now accepting applications from industry leaders. The i3 initiative, supported by the Bill & Melinda Gates Foundation and AmerisourceBergen, Merck Sharp…
- Capria Ventures, a leading specialty firm that invests in early-growth startups located in the Global South, has announced the first closing of its US$100 million fund. Along with a large number of family offices, foundations, and individuals, investors include OIP Investment Trust, Gates Ventures…
- Maholla, a consumer rewards program that has gone viral in South Africa, has just closed a US$1.5 million seed funding round. In 2022, the company completed a pre-seed funding round that brought in a total of $580,000 USD, and it has now completed a seed funding round that brought in $1,500,000 USD…
- 42Markets Group, a fintech investment firm focused on the financial and capital markets, has raised $10 million in growth funding from Convergence Partners to assist financial institutions in “leapfrogging” outdated software in order to better consolidate and automate their IT Operations…
- Tim Cook, the CEO of Apple, opened the company’s first physical location in Mumbai, India’s financial hub. Apple products had previously been accessible in India through several channels, including online and a large network of resellers. Visitors traveled from all around India to attend the…
- ENRICH in Africa’s Africa MedTech Challenge is looking for innovative healthcare startups to participate in their mission to improve healthcare across Europe and Africa. In order to provide the most cutting-edge medicines and advanced healthcare, Sothema, a major pharmaceutical company, and…
- The Financial Solutions for Migrants program, an accelerator for impact-driven innovators creating digital financial inclusion solutions for migrants has announced the selection of 32 startups from all over Africa, Asia, and the Middle East. The program will connect the 32 startup companies to…
- Andela, an international hub for remote professional talent has launched a 12-week Andela Rwanda Apprenticeship Program to showcase Rwanda’s rising tech talent to multinational corporations. Companies have the opportunity to expand their teams with graduate apprentices from the Andela Technical…
- The annual VC4A Venture Showcase is now accepting applications from African founders who are at the helm of innovative and disruptive companies or have scaled to the next level. The Venture Showcase is not limited to a certain industry but rather highlights all startups making a significant…
- Sega Sammy Holdings Inc of Japan has announced that it will acquire Rovio Entertainment of Finland for $775.8 million. Rovio is responsible for developing the popular smartphone game Angry Birds. After announcing it was undergoing a strategic review, Rovio revealed it was in talks with Sega about a…
