- According to reports, Elon Musk is planning to launch an artificial intelligence company to compete with OpenAI, the creator of ChatGPT. OpenAI, which was founded as a non-profit organization in 2015, includes Musk as one of its co-founders. In 2018, he stepped down from the company’s board of…
- Twitter and the online trading and investment platform eToro have joined forces to bring traders and investors real-time information on stocks, shares, cryptocurrencies, and commodities. Since Elon Musk purchased Twitter in late October for $44 billion, the platform has undergone a number of…
- UK-based digital cancer support clinic, Perci Health has raised £3.4 million in seed funding to expand cancer support services. The Seed round was led by Octopus Ventures. Chantel Cox, an investor with the Health team of Octopus Ventures will join the Perci Health board. The Perci Health platform…
- Dublin-based Neuromod Devices, a medtech company that specializes in neuromodulation, announced that it has secured €30M in a Series B round of funding. Out of the total, €15M of equity investment was led by Panakès Partners. The remaining €15M in venture debt was provided by the European…
- Amsterdam-based Dexter Energy, a provider of AI-based power generation forecasting and trade optimization solutions, announced that it has raised €10.5M in a Series B round of funding. This round was led by ETF Partners and Astelia with participation from existing investors Newion, PDENH, and…
- London-based Scan.com, a healthcare referral and digital platform for booking and receiving medical scan results (such as MRI or CT), announced that it has raised $12M in a Series A round of funding. The round was co-led by Aviva Ventures, YZR Capital, Oxford Capital, Triple Point Ventures, and…
- Prague-based AI Startup Incubator (AISI), an early-stage investor focusing on startups implementing AI technology, announced that it has launched a new fund named Look AI Ventures (LAIV). LAIV is the first investment fund in the Czech Republic dedicated to AI startups. The fund wants to raise €20M…
- In recent years, Africa has witnessed a rapid rise in mobile technology and social media usage, bringing about significant changes to various aspects of African society. Mobile technology and social media have revolutionized communication, education, commerce, governance, and activism, among other…
- According to a filing by e&, the Emirates Telecommunications Group Company (EAND.AD) has agreed to pay $400 million to acquire a 50.03 percent ownership in the super app operated by Careem, an affiliate of Uber Technologies (UBER.N) in the Middle East. Uber will fully own the ride-hailing…
- Shuttlers, a prominent tech-enabled, scheduled mass transit provider in Nigeria, has secured US$4 million in equity capital to further expand its services. Leading pan-African venture capital firm Verod-Kepple Africa Ventures (VKAV), took the lead in the investment round. Along with that, it…
- Paymenow, a South African earned income access platform, received a ZAR250 million (US$14 million) loan facility through Rand Merchant Bank (RMB) to support its expansion. The Stellenbosch-based Paymenow was established in 2019 and signed up its first client in March of the following year. …
- Equator, a climate-tech venture capital firm with a focus on Sub-Saharan Africa, announces the initial close of its first fund with commitments totaling about $40 million USD. This money will be used to support Seed and Series A-stage tech-enabled ventures in the fields of energy, agriculture, and…
- A new fund launched by Pan-African venture capital firm Novastar Ventures has received a $25 million equity investment from the U.S. International Development Finance Corporation (DFC) to support entrepreneurs developing agriculture and climate solutions. Information about the deal and Novastar’s…
- Camel Ventures, an Egyptian venture capital firm, has launched an EGP500 million ($16 million) fund to support the nation’s fintech startup ecosystem. Camel Ventures for Investment I (CVI) was established to provide capital for Egypt’s burgeoning financial technology startup ecosystem. Camel…
- Peach Payments, a fintech startup based out of South Africa, has just raised US$31 million in Series A funding from Apis Partners in order to expand its operations across Africa and expand its product line. The funding came from Apis Growth Fund II, a private equity fund run by UK-based asset…
- A new EUR20 million (US$22 million) fund has been announced by Goodwell Investments and Oxfam Novib to invest in early-stage growth enterprises in East Africa that have trouble securing financing from banks and investment funds, thus filling the “missing middle” in the region. Pepea, a EUR20…
- Krakow-based Reakto, a company that builds drone infrastructure based on Anything-as-a-Service (XaaS) canvas, announced that it has secured over €1M in funding to bring its ‘ground-breaking’ drone security solution to the market. Reakto secured the funding by receiving contributions of €121,000…
- Amsterdam-based Change, a cryptocurrency platform for retail investors, announced it has secured €2M in funding from Switzerland-based private equity firm Andromeda Capital Partners Suisse AG. The Estonian-born company says it will use the funds to cement its position in the market. Founded by…
- Copenhagen-based Teton.ai, a health tech startup building an AI companion for nurses, announced that it has secured approximately €4.8M in funding led by Plural. Strategic angel investor Finn Murphy, formerly at Frontline Ventures, also participated in the round. Teton.ai says it intends to use the…
- Germany-based Lean Ocean, a digital agency and HR solution provider announced that it has secured €800K in a fresh round of funding for its latest platform, AKEYI Worlds. The company says the new platform helps companies attract talent “in a playful way”. Lean Ocean says that Digital Hub…
- SOLASTA Bio, a Glasgow University spin-out that specializes in the next generation of green insecticides, announced that it has secured further funding in its pre-Series A round totaling £4M. The agritech startup says that the capital will help scale the development of its nature-inspired…
- Luxury skincare and personal care brand RAS announced that it has raised $1.5 million from New York-based sustainability-focused venture capital firm Green Frontier Capital and other existing investors. Founded by Sangeeta Jain and her two daughters Shubhika Jain and Suramya Jain, the luxury direct…
- Dozer, an open-source data infrastructure platform that helps software engineers create application programming interfaces (API), announced that it has raised $3 million in a seed round of funding and also emerged from stealth (the platform has opened access to developers). The funding round, led…
- Copenhagen-based Agreena, a startup that verifies and sells carbon credits generated by farmers, announced that it has raised €46M in a Series B round of funding. The round was led by Germany’s leading multi-stage investor HV Capital and saw participation from new investors AENU and Anthemis. The…
- Berlin-based Parloa, a Conversational AI platform for automating omnichannel customer service has raised €20M in a Series A round of funding. The round was led by Swedish investment firm EQT Ventures. Existing investors Amsterdam-based Newion and Munich-based Senovo also participated in this round…
- Paris-based Inato, a platform that makes clinical trials more accessible, announced that it has raised $20M in a Series A2 round of funding. The capital comes from Cathay Innovation, Obvious Ventures, and new investors La Maison and Top Harvest Capital. Inato says the new funding will fuel its…
- Stockholm-based X Shore, an electric boat manufacturer, announced that it has secured approximately €26.5M in a funding round led by SEB Investment Management AB with participation from existing and several new shareholders. X Shore says it intends to use the funds to scale its production and reach…
- London-based TerraPay, a global payments infrastructure company, announced that it has secured $100M in a Series B equity and debt round of funding. The company claims to have been successful, and it is now prepared to advance its payments infrastructure and features, and offer customers around the…
- Utrecht-based HeatTransformers, a startup that specializes in heat pump installation, announced that it has raised €15M in a Series A round of funding led by Energy Impact Partners. Existing investors Fair Capital Partners’ Impact Fund and ENERGIIQ also participated in the round. HeatTransformers…
- Mexican startup Pacto, a point-of-sale (POS) platform with integrated payments for restaurants and bars, announced a $4 million seed round led by DILA Capital. The capital will be used to increase its engineering, product development, and customer service teams. Venture capital funds FEMSA…
- South African startup TROOP, which creates tools for corporate meetings around the world, has raised $11 million in Series B funding. According to TROOP co-founder Leonard Cremer, “TROOP’s growing presence in South Africa comes at a key time, with the South African economy projected to make an…
- Finverity, a digital ecosystem for trade and supply chain finance based in London, raised $5 million from both new and existing investors in a highly subscribed equity investment round. Viacheslav Oganezov, CEO and co-founder of Finverity, said, “We’re happy to have such a strong group of…
- The Green Changemakers Challenge is a worldwide innovation challenge open to solutions that are helping to equip others with the mentality and competencies to contribute towards building a sustainable and fair future, and this year they are inviting African startups to apply. The initiative is…
- The Startup Act, a framework developed to help the nation’s most brilliant entrepreneurs in attaining their objectives, has been unveiled by the Ivorian government. With a focus on high-potential startups, Ivory Coast has prioritized technological innovation in its national development plan. The…
- Fez Delivery, a logistics and delivery startup in Nigeria, has raised US$1 million in seed funding to speed up its growth and expand its team. Ventures Platform, Voltron Capital, Acasia Ventures (previously Cairo Angels), and other angel investors joined the seed round, which was led by Ventures…
- HouseAfrica, a real estate technology firm in Nigeria, has raised $400,000 in funding to provide real estate developers and their customers with tools for digitalization and transparency. Future Africa, SSE Angel Network (SSEAN), ARM Labs, CV VC, Startupbootcamp AfriTech, Niche Capital, and Rebel…
- Kalon Venture Partners, a South African VC firm that invests in digital disruptive technologies, plans to establish a US$50 million fund, enabling it to make investments for the first time outside of South Africa. Its most recent fund, which had a value of ZAR250 million (about $17.5 million at…
- Factor[e]Ventures, a Kenyan venture capital firm, has launched Delta40, a new venture studio that will develop and invest in technology ventures to raise incomes and combat climate change in Africa. Early-stage technology businesses in the fields of energy, agriculture, water, and transportation…
- The world’s largest online retailer Amazon’s cloud computing subsidiary, Amazon Web Services (AWS), has expanded its presence in Africa by inviting early-stage startups to apply to participate in the AWS FinTech Africa Accelerator’s first cohort. In order to provide CEOs and CTOs with a wide range…
- The Greenovations Africa program, which provides access to mentoring and investment opportunities, is calling for applications from African firms with creative ideas that address current issues in any green sector. By combining incubation and post-incubation, the Greenovations Africa programme…
- Payday, a prominent pan-African neobank with headquarters in Rwanda that provides global accounts to Africans, has announced a US$3 million seed funding to support its growth in Europe and North America. HoaQ, the Stellar Africa Fund of DFS Lab, and angel investors like Dare Okoudjou and Tola…
- The government of Sao Tome and Principe, a country in Central Africa, has received a $3.2 million loan from the African Development Bank (AfDB) to improve its payment infrastructure. Using the funding from this loan, Sao Tome and Principe may improve its national switch payment system, which…
- The European Union has given Kenya Ksh 50 billion ($378 million) to help with the electrification of the nation’s public transportation system. William Ruto, president of Kenya, and Ursula von de Leyen, president of the European Commission, met recently at the European Union Headquarters in…
- Checkout solutions provider Nimbbl has raised $3.5 million from Sequoia Capital India, Global Founders Capital (GFC), and stock brokerage firm Groww. Sequoia Capital India led its seed round, which first closed in July 2021 Nimbbl raised additional funds earlier this year, led by both Sequoia…
- The UK’s growth platform for tech startups and founders, Tech Nation has confirmed that it is very much in discussions with Brent Hoberman’s Founders Forum Group to carry on its legacy according to Tech Eu. It would now appear that the legacy of Tech Nation will live on, if only in a different…
- Zurich-based Wingtra, a manufacturer of professional mapping and surveying drones, announced that it has raised approximately €20.38M in a Series B round of funding to further expand its operations globally. The investment came from DiamondStream Partners, EquityPitcher Ventures, Verve Ventures,…
- Lithuania-based HeavyFinance, a climate tech investment marketplace for the agricultural industry, announced that it has secured €3M in a Seed round of funding. The round was led by Lithuania’s Practica Capital, an early-stage venture capital fund dedicated to backing Baltic founders. Practica…
- Prague-based Miwa Technologies, a startup that has developed a technology to reduce packaging waste, announced that it has been selected for the European Innovation Council (EIC) “EIC Accelerator” program, securing significant funding for its future growth. The startup received a subsidy of €2.5M…
- Finland-based Carbonaide, a spin-out company from the VTT Technical Research Centre of Finland, announced that it has secured €1.8M in a Seed round of funding. The round was led by Lakan Betoni and Vantaa Energy, along with public loans and in-kind contributions from Business Finland and other…
- Itzehoe-based OQmented, a deeptech startup developing advanced MEMS mirror and laser scanning technologies, announced that it has secured $20M in a Series A round of funding. The term “micro-electro-mechanical systems”, or MEMS, is a technology that can be described as miniature mechanical and…
