- The fifth annual Africa Tech Summit will take place in Nairobi, Kenya, on February 15-16, and fourteen startups from around the continent have been chosen to participate in Pitch Live at the event. Nairobi’s Africa Tech Summit offers knowledge and networking opportunities with the continent’s tech…
- Trade Lenda, a Nigerian fintech startup that provides access to financing for micro, small, and informal retailers’ business needs, has secured US$520,000 in pre-seed funding to accelerate its expansion. Sovereign Capital, ARM Labs, and Expert Dojo, all of which have an interest in the African…
- Convergence Partners, a South African private equity firm, has announced that its Convergence Partners Digital Infrastructure Fund (CPDIF) has closed at $296 million, exceeding its initial objective by more than 18%. Launched in June 2020, the Convergence Partners Digital Infrastructure Fund saw a…
- Yebo Fresh, a South African e-commerce startup that delivers fresh food and groceries to communities, has raised US$4.5 million in pre-Series A equity funding. In addition to Harvest, the local investment fund of Endeavor, and impact investor Elea Foundation from Switzerland, Enza Capital led the…
- The CSI Energy Group, a diverse network of businesses with a focus on Africa that offers sustainable answers to the energy sector across the continent, is behind the OPEN fund. OPEN is looking for energy-related firms run by women with a minimum of three employees and a yearly revenue of more than…
- The sixth AFD Digital Challenge, which is focused on the cultural and creative industries, is now accepting applications. All Cultural and Creative Industries (CCI) startups and organizations that use digital technology at the core of their solution and have a workable business plan are eligible…
- The Swiss Confederation’s State Secretariat for Economic Affairs (SECO) has provided strategic funding to eWAKA, a Kenyan startup working to improve sustainable mobility. Through the local production and marketing of eWAKA’s iconic electric bike, the Shujaa, the SECO Start-up Fund has provided a $…
- Stockholm and New York-based Supernormal, a generative AI-powered note-taking platform, announced that it has raised €9.1M in a Seed round of funding led by Balderton Capital. EQT Ventures, Acequia Capital, and byFounders also participated in the round. So far, the company has raised €10.9M from…
- Utrecht-based Park ‘n Charge, a company on a mission to become the fastest-installing EV charging station operator in the Netherlands, announced that it has raised €16.4M in a fresh round of funding. The investment came from Rabobank, a Dutch multinational banking and financial services company.…
- Aarhus, Denmark-based Kanpla, a B2B SaaS solution company that works to streamline operations and reduce food waste in canteens and kitchens, announced that it has raised €2.2M in a Seed round of funding. Kanpla says it will use the funds to accelerate its expansion into the Netherlands, Norway,…
- Kenyan healthcare startup Zuri Health has announced that it has received funding from Moroccan VC UM6P Ventures. Founded in 2021, Zuri Health is a telemedicine startup that offers patients in Africa access to high-quality, reasonably priced healthcare using mobile apps, websites, WhatsApp chatbots…
- GBarena, an Egyptian e-sports platform, recently made the announcement that it had acquired Galactech, a gaming startup based in Tunisia. The acquisition price is approximately $15 million and will be paid for through a stock swap. A stock-for-stock exchange, or share swap, is a type of merger or…
- Wafeq, a cutting-edge accounting platform with a focus on ease of use, has announced the closing of a $3 million seed funding round. Raed Ventures and Wamda Capital, two of the most renowned names in the region’s early-stage funding ecosystem, led the funding seed round. Over 630,000 invoices are…
- Colombian SME financing fintech KLYM, formerly Omni Latam, announced a $27 million investment round led by JPMorgan and the IFC (International Finance Corporation), a World Bank entity focused on the private sector in developing countries. The startup already had an alliance with JPMorgan related…
- Stockholm-based Anyfin, a fintech app that empowers people to understand and improve their finances, announced that it has raised €30M in a Series C round of funding. With this, the scale-up has now raised nearly €106M in debt and equity rounds. The round was led by existing investor Northzone,…
- La Rochelle-based (France) Shark Robotics, a technology company that specializes in firefighting, defense, and nuclear robotics, announced that it has raised €10M in a fresh round of funding from Move Capital Fund I. Move Capital is a pan-European growth equity fund with a focus on strategic data…
- Utrecht-based Neurolytics, a company that provides AI-based video analytics for HR and recruitment, announced that it has raised €500K in a fresh round of funding. The round was led by the Utrecht Region Regional Development Agency (ROM Utrecht Region), VIE Tech Capital, Family Fund BarUni, and…
- Lithuania-based Oxipit, a computer vision software startup specializing in medical imaging, announced that it has raised €4.4M in a round of funding led by Taiwania Capital, Practica Capital, and Coinvest Capital. Many angel investors also participated in the round. Founded by Gediminas Peksys and…
- Paris-based Welinq, a startup that provides solutions to increase the computational power of quantum processors, announced that it has raised €5M in a pre-seed round of funding led by Quantonation. Runa Capital, the French National Quantum Initiative, the French Banque Publique d’Investissement (…
- Slovakia-based FUERGY, a highly-scalable energy storage solution and AI-powered software platform for smart energy management systems, announced that it has raised €16M in a fresh round of funding. The financing came from Pro Partners Holding investment group. Pro Partners has operations…
- Munich-based KEWAZO, a construction robotics company, announced that it has raised €10M in a Series A round of funding led by Fifth Wall. Cybernetix Ventures, Unorthodox Ventures, and Nemetschek also participated in the round. Existing investors True Ventures and MIG Capital AG also contributed. …
- A total of $6.5 billion, an 8% increase over 2021, was invested in the tech ecosystem across Africa, split across 764 deals in comparison to 2021’s 724 deals. The annual report on Africa Tech Venture Capital has been published by Partech Africa, the VC fund dedicated to technology startups in…
- Africa’s leading tech Accelerator, Startupbootcamp AfriTech, together with founding partner and leading telecom giant, Telecel Group has selected the participants of the much-coveted Accelerator Program, the Africa Startup Initiative Program (ASIP). The ASIP Accelerator has managed to help founders…
- Tabby, a BNPL company based in the MENA region, has just closed a series C round of funding on $58m, valuing the business at $660m. Sequoia Capital India, STV, PayPal Ventures, Mubadala Investment Capital, Arbor Ventures, and Endeavor Catalyst were among the investors in this round. Tabby is well…
- O-Farms, a Kenyan agri-circularity accelerator, has selected ten startups for its second edition and will provide up to $24,000 in milestone-based funding to two peer-selected companies. O-Farms was established in 2021 as Africa’s first agri-circularity-focused accelerator program, led by Bopinc…
- Flow, a real estate and property management technology business based in South Africa, has closed a pre-Series A funding round totaling $4.5 million. Futuregrowth Asset Management served as the funding round’s lead investor, and Endeavour Harvest Fund and serial entrepreneur and investor Steven…
- Carry1st, a mobile games publisher based in Africa, has just secured a $27 million pre-Series B investment to help it grow its business and create more games. With the support of Andreessen Horowitz, TTV Capital, Alumni Ventures, Lateral Capital, Kepple Ventures, and Konvoy, Bitkraft Ventures led…
- The satellite internet provider Starlink, founded by Elon Musk, has announced it will begin operations in Kenya in Q2 of 2023. The company is still seeking service coverage as well as approval from regulatory authorities. “Starlink plans to offer service in your area beginning in the second…
- The new MacBooks powered by Apple’s M2 Pro and M2 Max CPUs were launched earlier than expected. Prices for the new Mac mini start at $599 and it will be available from January 24. The 13-inch MacBook Pro with the M2 chip starts at $1,299, while the 14- and 16-inch models with the newest chips…
- Amazon has regained its position as the most valuable brand in the world, according to the annual Brand Finance Global 500 rating, despite losing $51 billion this year, or 15% of its worth. Despite a challenging year for the technology industry, the e-commerce giant Amazon managed to unseat Apple…
- Kwara, a fintech company based in Kenya, has just completed a $3 million seed extension funding. Existing investors DOB Equity and Globivest, as well as the founder of Kobalt Music, participated in this round of funding. One Day Yes and Base Capital are among the new investors, while Revolut’s…
- The Earthshot Prize, a global environmental prize to find, accelerate, and scale ground-breaking ideas to repair and renew the earth, has invited African startups to submit applications. Any African organizations, businesses, governments, or individuals who are actively working to protect and…
- TeamApt a prominent commercial banking platform in Africa has relaunched as Moniepoint, the name of its flagship product, to better fit with a name that is already well-known and trusted by the company’s clientele. The company was founded in 2015 to provide banks with products and financial…
- The Ghana Revenue Authority imposed a fine of approximately $773 million on MTN Ghana, which is a part of MTN Group, for allegedly underreporting the amount of revenue it generated. Penalties and interest are included in the fine. According to a statement released by MTN Ghana, the Ghana Revenue…
- Hospitality and travel industry technology provider HotelRunner has raised $6.5 million in a Series A funding round. The capital is expected to support the company’s growth aspirations, particularly via launches in both the US and LATAM markets. Since 2012, the startup has taken on only $8.5…
- Switzerland-based Open Forest Protocol (OFP), an open platform to measure, verify and fund forestation projects, announced on Wednesday that it has raised € 3.8M in a pre-seed round of funding from multiple VCs and angel investors. Some of the investors are Shima Capital, Übermorgen Ventures, Not…
- Berlin-based Mondu, a B2B payments company, announced on Thursday that it has secured €11.9M in a Series A extension round of funding led by Valar Ventures along with FinTech Collective. The announcement comes a couple of months after raising €20M in a debt round of funding from German bank…
- Riga-headquartered Aerones, a provider of robot-enabled wind turbine maintenance and inspections service, announced that it has closed €27M in growth capital in a round co-led by Lightrock and Haniel. Blume Equity, Change Ventures, Mantas Mikuckas, Metaplanet, Pace Ventures, and Future Positive…
- Eindhoven-based Incooling, a company that designs and develops two-phase cooling system solutions for data centers, announced that it has closed a €3.5M pre-series A round of funding led by Pierburg Pump Technology, part of the Sensors and Actuators Division of Rheinmetall AG. The Sensors and…
- Belgium-based Cumul.io, a data visualization company that provides a low-code platform for data analysis with integration into other SaaS platforms or applications, announced that it has raised €10M in a Series A round of funding. Cumul.io says it will use the funds to further strengthen its global…
- Stitch, a fintech company based in South Africa has invited early-stage companies from all around the continent to present their solutions to investors and other stakeholders as part of its second startup showcase. The company, which last year hosted its inaugural startup showcase, is currently…
- Gebeya, based in Ethiopia, is a SaaS-enabled pan-African talent marketplace, and it has just announced a pre-Series A investment from Inclusion Japan, a Japanese VC firm. Gebeya connects startups, SMEs, and multinational organizations with vetted, qualified talent and professional services in more…
- KarmSolar, a solar power generator and electricity distributor based out of Egypt, has raised $3 million in debt finance to help advance the construction and implementation of the Farafra Solar Grid. HSBC took part in the investment round with the expertise of Ezdaher Financial Consultancy. …
- In a deal that might be valued up to US$684 Million, German biotech firm BioNTech SE purchased InstaDeep, a Tunisian AI startup founded in 2014. The purchase is in line with BioNTech’s aim to establish global leadership in AI-driven drug discovery and the creation of next-generation…
- In a deal that might be valued up to US$684 Million, German biotech firm BioNTech SE purchased InstaDeep, a Tunisian AI startup founded in 2014. The purchase is in line with BioNTech’s aim to establish global leadership in AI-driven drug discovery and the creation of next-generation…
- Jetstream Africa, a Ghana-based e-logistics platform for African exporters and importers, has raised US$13 million in debt and equity finance to aid in its expansion. The funding round included participation from existing investors Alitheia IDF and Golden Palm. ASC VC, Octerra, Cauris, Senegal’s…
- Releaf, a Nigerian agri-tech startup, has successfully raised US$3.3 million in an oversubscribed pre-Series A fundraising round. Releaf, a Nigerian agri-tech startup, has successfully raised US$3.3 million in an oversubscribed pre-Series A fundraising round. Samurai Incubate Africa, which had…
- According to reports, Apple may launch a MacBook Pro laptop with a touchscreen as early as 2025. The report claims that Apple has dedicated teams working on the project and that an initial version will feature a touchscreen, trackpad, and keyboard. According to the report, Apple is now working on…
- Chilean-born HealthAtom raised a $10 million Series A led by Kayyak Ventures, with participation from FJ Labs, Soma, Amador, Taram, and a number of angels. The company wants to continue its expansion in Latin America and create a unique platform of technological solutions to improve the quality…
- Rotterdam-based Equalture, an HRtech startup has secured €2.5M in funding led by serial entrepreneur Pieter Schoen’s Shoe Investments. Existing investors 4impact and InnovationQuarter Capital, and two angels, also participated in the round. The Dutch company says it will use the funds to develop…
