- Luxembourg-based Tadaweb, a company that provides an open-source intelligence platform to transform how businesses generate intelligence from publicly available data, announced that it has raised €15M in a fresh round of funding. The funding came from Paris-based investment firm Wendel’s investment…
- UK-based Oxford Ionics, a startup solving critical scalability issues facing the future of quantum computing, announced that it has raised £30M in a Series A round of funding from some of the world’s leading quantum and tech investors. Oxford Ionics has now raised a total funding of £37M. Oxford…
- Denmark-based Evosep, the bioscience company that claims to be leading the standardization of proteomics for clinical use, announced that it has raised €37.48M in a fresh round of funding. Evosep aims to improve quality of life and patient care by innovating how protein-based clinical diagnostics…
- London-based Apperio, a provider of legal spend analytics and matter tracking software, announced that it has secured $7M in a growth funding round led by Molten Ventures. Notion Capital, IQ Capital, Nextlaw Ventures, Volution, and Hambro Perks also participated in the round. The company’s CEO…
- Amsterdam-based VonWood, a digital trading platform for Wood, announced that it has raised €2.7M from Peak, Dutch Founders Fund, Keen, and several strategic partners. The Dutch company says it aims to accelerate the platform’s growth and disrupt the traditional supply chain, making the wood market…
- Edtech SaaS startup Toddle has raised $17 million led by Sequoia Capital India in its Series A round. It also saw participation from Tenacity Ventures and Trifecta Capital along with existing investors Matrix Partners, Beenext, and Better Capital. With this, the company has raised a total funding…
- Agritech startup Cropin has raised approximately $14 million in funding from Google and JSR Corporation in a round that saw participation from its existing investors. This comes at a time when the agritech sector has seen funding pouring in on the back of investors’ optimism in the nascent sector’s…
- Solarise Africa, a Kenyan energy provider, has received an additional US$3 million from EDFI ElectriFI to help select commercial and industrial (C&I) customers throughout the continent with specific financing options for decentralized energy solutions. In addition to raising US$33.4 million in…
- Health food brand The Whole Truth Foods, a clean-label health food brand, has raised nearly $11 million, in a Series B funding round from existing investors Sequoia Capital India and Matrix Partners India, according to regulatory filings shared by company intelligence platform Tofler. Founded in…
- Berlin-based consumer e-commerce brands holding company Razor Group has received $70 million in funds to drive long-term growth, taking its business model into more geographies, e-commerce verticals, and marketplaces. The round is led by consumer-focused investment firm L Catterton, supplying funds…
- Centbee, a London-based facilitator of digital money payments on the Bitcoin blockchain BSV, has closed its pre-series A round at $1 million with funding from Calvin Ayre, founder of bitcoin VC player Ayre Ventures. Founded in 2017, Centbee has developed its own digital cash wallet which runs on…
- Rotterdam-based Levvr, a startup that develops a web application for effective information management in the construction industry, announced that it has raised €1M in a fresh round of funding. The investment came from investors including Bert van der Els (ex-CEO Heijmans), Gert Jan Troost (former…
- Netherlands-based Strohm, a hydrogen pipeline company, announced that it had raised €15M in a fresh round of funding. According to a statement from the Dutch company, this is the largest funding round in the company’s 15-year history. Strohm’s €15M investment includes a €10M commitment from ING…
- Amsterdam-based Borski Fund has become the first venture capital fund to receive the nod (and financial backing) from Visa Foundation as part of its Equitable Access Initiative, a five-year, $200 million strategic commitment to support gender-diverse and inclusive small businesses around the world…
- Netherlands-based Aiosyn, a startup developing a diagnostics platform that uses AI to support pathologists with accurate and efficient clinical diagnostics, announced that it has raised €2M in a fresh round of funding. The round was led by Utrecht-based Health Innovations along with Oost NL, an…
- Paris-based Vianova, a collaborative mobility data platform, announced that it has secured €6M in a Series A round of funding led by Baloise. Other investors in the round include La Poste Ventures, operated by XAnge, RATP Capital Innovation, Ponooc, and Contrarian Ventures. Vianova says it will use…
- Rotterdam-based Alicia, an insurance-as-a-service provider for freelancers, announced that it has raised €7M in a Seed round of funding. The investment comes from various strategic partners, including Volta Ventures, Randstad Innovation Fund, and Achmea Innovation Fund. Founded in 2019 and led by…
- Collegedekho has said it raised $9 million from its existing investor Winter Capital Partners. The startup is a college admission and higher education services platform. Founded by Ruchir Arora, Saurabh Jain, and Rohit Saha, Collegedekho was launched as a student guidance platform in 2015. It…
- As the year 2022 comes to a close, we’d like to spotlight a few of our top publications from the year. What a year it has been, and certainly not one that anyone would have predicted. Looking back on the past year helps identify defining milestones and paves the way for a resilient future. In […]…
- CheckMe, an Egyptian e-health startup, purchased DoctorOnline in a deal that increased its market worth to $20 million. CheckMe is a customer-focused marketplace mobile application that was established in 2020 and is supported by the T3G investment group. It offers on-demand medical lab services…
- Twitter has introduced a new program called Blue for Business, which is a premium subscription service designed to assist businesses in distinguishing themselves on Twitter and establishing their credibility on the platform. In essence, the new tool will assist businesses in tying their official…
- Daystar Power, a Nigerian company that specializes in providing hybrid solar power solutions for commercial and industrial (C&I) firms in West Africa, has announced that Shell has completed the acquisition of the company. This comes after regulatory authorities gave their clearance. One of the…
- Qualcomm, a world leader in wireless technology, has announced the African Innovation Platform, a collection of mentorship, education, and training programs designed to foster the growth of Africa’s budding technological ecosystem. The platform will give access to Qualcomm’s engineers and its…
- Nine African startups have completed Techstars Toronto’s program, the organization has announced. Nine African startups were chosen out of a total of twelve that participated in the cohort. The nine African business owners selected to participate will receive US$120,000 in investment and access…
- The new Regional Emergency Solar Power Intervention Project (RESPITE), approved for a total of $311 million in International Development Association (IDA) finance, will help current and potential energy customers in Chad, Liberia, Sierra Leone, and Togo. To facilitate future regional power trading…
- PepsiCo plans to begin employing electric trucks to make deliveries to consumers in 2023, which is also the year that the company intends to roll out 100 heavy-duty Tesla Semis. As a means of reducing its environmental effect, PepsiCo is the first corporation to test out Tesla Semis that are…
- Sun King, an off-grid solar energy product provider in Africa and Asia, has received a $70 million equity investment led by LeapFrog Investments. This is an expansion of the $260 million Series D round that the solar startup announced in April. The round was led by BeyondNetZero. Sun King has now…
- Ventures Platform, an Africa-focused early-stage VC firm, has closed its $46 million early-stage and global fund. A to Z Impact, Proparco with FISEA, AfricaGrow, Standard Bank, the International Finance Corporation, British International Investment, and other investors were among the renowned …
- As the year 2022 comes to a close, we’d like to spotlight a few of our top publications from the year. What a year it has been, and certainly not one that anyone would have predicted. Looking back on the past year helps identify defining milestones and paves the way for a resilient future. In […]…
- Agritech startup Grow Indigo has raised over $6 million in the recent funding round with a cumulative capital raise thus far of over $13 million, the company informed through a media release. The round saw interest from investors globally including participation from Indigo AG, Mahyco and HNIs (…
- Munich-based allO has raised €1.4 million in seed funds. The round is led by the Amsterdam/London VC Keen Venture Partners, and Delivery Hero chairman Martin Enderle. Founders Benedikt von Lewinski, Cancan Liu, and Teodor Rupi aim to strip away siloed kitchen software tools, replacing them with a…
- Italy-based 3Bee, a climate tech scaleup, announced that it has closed €5M in a Series A round of funding from Ag funder Grow impact fund and Anya Capital. 3Bee says it intends to deploy the funds to: ▪ Strengthen its biodiversity impact ▪ Enhance technology data mapping infrastructure ▪…
- Madrid-based Samara, a solar tech startup that helps build homes of the future with solar energy, reportedly announced that it has raised €4.5M in a Seed round of funding. According to TechEU, the investment was led by Madrid-based Seaya Ventures, a multi-sector fund investing in outstanding and…
- Germany-based VMRay, a solution provider for dynamic analysis of advanced threats such as zero-day and targeted attacks, announced that it has extended its Series B funding to €32M. The company mentions in a statement that it will use the funds to further accelerate the expansion of its product…
- London-based Upstream, a startup specializing in mobile marketing, announced that it has secured €14M in a five-year loan agreement from the National Bank of Greece. The company says it will use the funds to accelerate expansion and technological development in mobile marketing. Upstream will also…
- Stockholm-based EnginZyme, a biotechnology company that creates biomanufacturing processes for the sustainable production of common goods, announced that it has raised €21M in a Series B round of funding. The investment came from new investors Almi Invest GreenTech, Navigare Ventures, and Bunge…
- Aviva, a Mexican-based fintech startup focused on bringing working capital to unserved communities has raised $2.2 million. The pre-seed was led by Wollef Ventures, joined by Newtopia VC, Seedstars International Ventures, 500 Startups, Magna Capital VC, Xtraordinary VP and a group of angel…
- Taeillo, a Nigerian-based online furniture eCommerce startup, has secured a $2.5 million funding round led by Aruwa Capital. Taeillo is an online furniture eCommerce company that serves B2B clients as a custom furniture designer, and it was founded by Jumoke Dada in 2018. However, the COVID-19…
- Kenya’s Mukuru Clean Stoves is one of the five 2022 winners of the second-annual Earthshot Prize awards, receiving a £1 million prize after a nine-month search for the most inventive and inspiring answers to the most pressing environmental problems the world is currently experiencing. Over a…
- The MEST Africa Training Program is now accepting applications for its 2024 cohort. This 12-month course, which will be physically held in Accra, is aimed at teaching young people from all across the continent commercial technology and entrepreneurial skills. Over 800 young African tech…
- Suplyd, an Egyptian startup, has announced a $1.6 million pre-seed funding round to digitize supply chain processes for the hospitality, restaurant, and food service (HORECA) sectors in the Middle East and North Africa (MENA). Endure Capital, Seedstars, Camel Ventures, Falak Start-ups, and other…
- The American business Equinix, which operates data centers, intends to spend 160 million dollars on the construction of its first data center on the African continent, which will be located in Johannesburg, South Africa. Eugene Bergen, the company’s president for EMEA, stated that the facility…
- As part of their partnership, TLG Capital and Future Africa have established a US$25 million venture debt fund from TLG’s existing funds, which will be allocated to companies in the Future Africa portfolio that match certain requirements. The two companies have joined forces to offer founders a…
- Finclusion Group, a South African company that is developing Africa’s first credit-led neobank, has announced that it has received an extra 2 million dollars in funding. Leonard Stiegeler, who is also joining the company’s board of directors, together with current investors Sudeep Ramnani and Jai…
- President of the Brazilian Central Bank Roberto Campos Neto has announced that the introduction of Brazil’s digital currency is planned for 2024, following a closed pilot test with financial institutions in 2019. According to Neto, the design of the digital currency issued by the central bank will…
- Ubongo, an African edtech startup, is one of the five recipients of the Lego Foundation’s global Build a World of Play Challenge, which awards grants to projects that use play to address pressing issues in early childhood education throughout the world. A total of US$ 117 million will be given by…
- Nelly Cheboi, the CNN Hero of the Year for 2022, reinvents outdated computer devices to provide young Kenyans access to new opportunities. Cheboi, accompanied by her mother, accepted the award in her honor.“I did not have much growing up, but I have had a lot of selfless people in my life. My mom…
- Mexican startup Welbe Care, which offers companies a health platform for their employees through a membership, raised $5 million in a seed round led by Brazilian fund Volpe Capital and Mexico’s Nazca. SVLC, Kortex, and GreenRock also participated. With the recent capital, Welbe Care, also known as…
- Mexico-based femtech Plenna secured a $4.4 million seed round led by Urban Innovation Fund, with participation from Canary VC, Collaborative, 1984 VC, 500 Global, Bridge Latam, Amador Holdings, Nido Ventures, Integra Groupe, Phoenix Club, and others. Plenna is the first Mexican femtech offering a…
- Open finance platform Syncfy announced a $10 million seed funding round led by Point72 Ventures. The round also included participation from JAM Fund, Ausum Ventures, Avalancha Ventures, FJ Labs, MANTIS Venture Capital, and XBTO Humla Ventures. Some angel investors are Tether Co-Founder Brock…
