- The centuries-old story of Munich-based bank Bankhaus von der Heydt is ending, at least in its current independent form, following an agreed sale to the German crypto holding company Bitcoin Group for around €14 million. Bankhaus, which traces its roots back to 1754 as a family-owned cloth export…
- FashionCloud, a Hamburg-based B2B data and content exchange portal for fashion wholesalers and retailers, has raised €25 million in investment. The round is led by the pan-European growth investor Verdane with further participation from FashionCloud’s existing investors, including the Danish…
- Athens-based Welcome Pickups, a global travel transportation startup, announced that it has raised €5.3M in a fresh round of funding. The company says it survived the COVID pandemic by optimizing operations and achieving “remarkable” growth and financial results in 2022. The investment came from…
- Copenhagen-based OKTO GRID, a company that has developed a solution to digitize the energy industry, announced that it has raised €3M in a Seed round of funding. Elewit (Redeia’s corporate VC), Rockstart, and EMD Fonden participated in the current round to support the global energy industry as…
- Bordeaux-based api.video, a platform that helps build in-app video with a few lines of code, announced that it has raised approximately €11.37M in a Series A round of funding. The round was led by MMC Ventures, with participation from Open Ocean, Blossom Capital, and Financiere Saint James.…
- Helsinki-based The Upright Project, a company building an AI-enabled quantification model to measure the net impact of companies and funds, announced that it has raised €5M in a Seed round of funding. Founded in 2017 by Annu Nieminen and Juho Ojala, Upright’s AI-based impact data engine…
- Amsterdam-based TheyDo, a journey management platform, announced that it had raised €12M in a Series A round of funding led by Blossom Capital with participation from 20VC. Notable angels Des Traynor (Intercom), Grisha Pavlotsky (Miro), Jeroen Nieuwenhuijs (Snowflake), Elena Verna (PLG Amplitude/…
- Mobility for Africa, a Zimbabwean mobility business, has received US$2 million in funding from InfraCo Africa, a Zimbabwean investment firm, to deploy 400 electric vehicles in the country’s rural areas. Mobility for Africa, which was founded in 2019, asserts that its solutions would make it easier…
- Senegalese digital startup Kwely has been named the winner of the 2022 MEST Africa Challenge (MAC), a pan-African startup pitch competition. Birame Sock, a Senegalese entrepreneur, launched the digital platform Kwely to distribute products made in Africa. Kwely receives US$50,000 in equity…
- The Deji Alli ARM Young Talent Award (DAAYTA) finalists’ pitch event for the year 2023 will take place virtually on April 14, 2023, according to ARM in collaboration with TechnoVision (TVC). This announcement launches the formal application period for DAAYTA 2023 as ARM looks for Nigeria’s best…
- Gridless, a bitcoin mining company that is bringing new energy generation to remote areas in East Africa, has received a $2 million seed funding. Stillmark and Block, Inc. led the round, while Factor[e], which also participated in the pre-seed round, is a participant in the seed round. Erik…
- According to the Pentagon, the four major cloud providers (Amazon, Google, Microsoft, and Oracle) would receive a contract for up to $9 billion until 2028. At first, Microsoft was set to receive the Joint Enterprise Defense Infrastructure contract from the Pentagon in 2019. Amazon opposed the…
- The Democratic Republic of the Congo (DRC) will receive a $12 million grant to carry out the Financial Sector Development and Inclusion Support Project, according to a decision by the Board of Directors of the African Development Fund, the group’s concessional lending arm. The money will help the…
- An accelerator program is designed to help you learn the fundamentals of business management, such as how to sell and develop your product, communicate effectively, manage funds, and implement effective solutions. The fact that you were accepted into an accelerator program is in no way a definitive…
- The Mastercard Foundation Africa Growth Fund has launched a $200 million funding facility for African small and medium-sized enterprises. In order to help early-stage, growth-oriented SMEs on the continent, the Mastercard Foundation Africa Growth Fund (MFAGF) has been launched. By supporting and de…
- The Seedstars Enhancing Women Entrepreneurship in Africa (EWEA) program is seeking applications from women-led small to medium-sized businesses, as well as community enablers and entrepreneurship support programs across Africa, for its mentorship and skill-building workshop series. The EWEA…
- For its second batch of the VFA Fintech Product Management Bootcamp, Venture for Africa (VFA), an immersion program and talent community designed to help top local and international talent transfer into the African startup ecosystem, is now taking applications. Participants will learn about…
- Kapu, a social commerce start-up, has secured $8 million in seed funding to ease the financial strain of grocery shopping for Kenyan consumers. Giant Ventures and Firstminute Capital jointly led the seed round, which also included Founder Collective, Base Capital, Norrsken, and Raven One. Along…
- Uncover, a skincare startup based in Kenya has successfully raised one million dollars in seed funding. Investors in the seed round included several angel investors as well as FirstCheck Africa, Samata Capital, Future Africa, and IgniteXL. Sneha Mehta, Jade Oyateru, and Catherine Lee co-founded…
- OneOrder, an Egyptian startup that offers food supplies to hotels, restaurants, and cafés through a fintech-enabled restaurant management platform, has announced the closing of a US$3 million seed round. Nclude, VC A15, and Delivery Hero Ventures all contributed to the funding round, which was led…
- Badili, a smartphone reselling startup based in Kenya, has secured $2.1 million in pre-seed capital in order to expand across Africa. Family offices and angel investors from Kenya, Nigeria, South Africa, and India, as well as Venture Catalysts, V&R Africa, Grenfell holdings, and SOSV, all took…
- Paris-based Le Collectionist, a luxury travel platform that offers luxury villa rentals in Europe, announced that it has secured €60M in growth funding led by Highland Europe. Experiential luxury specialists OLMA, Famille C (the office of the Courtin and Clarins families), Swiss banks Pictet and…
- London-based AltoVita, a platform with a human-centric approach to power the corporate accommodations sector, announced that it has raised approximately €9M in an oversubscribed Series A round of funding. The company aims to deliver smart, safe, and sustainable living for employees anywhere in the…
- Netherlands-based Microwoning.com, a startup creating solutions for the housing shortage, announced that it has raised €2.5M in a Seed round of funding to further expand the number of microwoningen (micro homes) on private land in the country. The startup aims to fight the housing crisis by…
- Amsterdam-based BAQME, a shared electric cargo bikes startup, announced that it has raised €1.3M in a Seed round through crowdfunding. The company also announced that it has acquired a new lease facility for purchasing e-cargo bikes. High Rise Ventures and a number of angel investors supported the…
- SIDEUP the MENA region’s leading platform for eCommerce services has announced the completion of a $1.2 million seed round. This round saw participation from leading global and regional investors in early-stage growth startups, including Launch Africa VC, 500 Global, Riyadh Angels, Alex Angels, …
- Orda, a Nigerian company that develops cloud operating systems for restaurants, has raised US$3.4 million in a seed round to further digitalize the food industry in Africa. Quona Capital and FinTech Collective co-led the seed round, which also included institutional investors Far Out Ventures and…
- The South African seed fund manager 4Di Capital has just completed the second close of its new $25 million fund. IBL Group, a Mauritian conglomerate, contributed an unknown amount through its investment vehicle, IBL Link Investments, to launch the fund in conjunction with DotExe Ventures. The…
- Solarise Africa, an energy leasing company based in Kenya, has secured $33.4 million in debt funding. A significant portion of the round’s total funding—$21.4 million—will come from the Facility for Energy Inclusion (FEI), which served as the round’s main investor. The AfricaGoGreen Fund, which is…
- Synatic, a leader in data integration and automation, has secured an additional $2.5 million in a seed extension funding round led by Allan Gray E-Squared Ventures and UW Ventures. Synatic will use the additional funds to expand market reach in the United States in preparation for Series A funding…
- The Chilean super app against food waste GoodMeal has received an investment from Cristobal Della Maggiora (Betterfly), Ian Lee (Examedi), and Eyal Shats (SimpliRoute). This is within the framework of GoodMeal’s crowdfunding campaign on Broota, where the company has already raised over $1M.…
- San Francisco-based startup Flourish Fi secured $2.3 million in new seed funding led by Magma Partners. The round was joined by Remarkable Ventures, Lightspeed Venture Partners Scout Fund, Canary, Seedstars, Kadmotek VC, I Am the Fund, and a group of impact investors, including Potencia Ventures,…
- Finnish maker of smart energy storage units, Cactos has raised €2.5 million in a combination of equity and debt funding. With its current production operating at maximum capacity, the capital is slated to help the company more than double its factory size in early 2023, allowing for nearly a 10-…
- London-based Dronamics, a cargo drone airline with a license to operate in Europe, announced that it has received an award grant of €2.5M from the European Commission under the European Innovation Council (EIC) Accelerator program. The EIC has also expressed a material commitment to support…
- Germany-based Scantinel Photonics, a startup developing next-gen Light Detection and Ranging (LiDAR) technology for autonomous vehicles, announced that it has raised €10M in its extended Series A round of funding. The investment came from Netherlands-based PhotonDelta and current investors Scania…
- Sweden-based Occtoo, a SaaS-based Experience Data Platform (SaaS) that helps digital teams to build digital experiences and apps faster, announced that it has raised €4.6M in a fresh round of funding. In total, the company has raised €6.7M to date. The investment was led by Amsterdam-based Newion,…
- Sweden-based Volta Trucks, an automotive company offering electric trucks for sustainable cities, announced that it has raised €60M in a Series C extension round. In February 2022, the company raised €230M in the initial Series C funding round. The round was supported by all current investors. The…
- Yandex N.V., Moscow-based internet service firm Yandex Group’s parent company, registered in Amsterdam, announced on Friday, November 25, that it is reportedly looking to sell its business and sever ties with Russia amid heightened tensions between Moscow and the West. The announcement comes an…
- Gold loan platform Indiagold has raised an additional $10 million as part of its extended Series A round from PayU, Alpha Wave, 3one4 Capital, and Leo Capital. The company had raised $12 million previously from the same set of investors, as part of its Series A, in August 2021. According to…
- Global B2B driven talent sourcing platform CBREX, which connects enterprises and recruitment agencies, announced that it has raised $3 million in a Pre-Series A round led by WaterBridge Ventures. The freshly raised funds will be used to ramp up the US go-to-market, on sales and marketing for new…
- Djamo, a fintech in Francophone Africa that is establishing a personal finance company, has raised $14 million in an equity round to continue constructing a full suite of financial services and expand into other countries. Enza Capital, Oikocredit, and Partech Africa jointly led the funding round…
- LoftyInc Capital Management, a Venture capital firm with a focus on early-stage African businesses, has just announced the $14.2 million final close of its third fund, LoftyInc Afropreneurs Fund 3 (LAF3). The fund’s closing in the first quarter of 2022 came after an oversubscription of 40 percent…
- Africa’s Business Heroes (ABH) competition, a flagship philanthropy program launched by the Jack Ma Foundation to highlight and encourage African entrepreneurs, has chosen founders from Tanzania, Kenya, and Egypt as winners. The goal of Africa’s Business Heroes prize competition is to encourage…
- Ramani, based in Tanzania, has just announced the completion of its US$32 million Series A funding round. Ramani is creating a cloud network of micro-distribution centers to support the supply chain for consumer-packaged goods in Africa. Flexcap Ventures and Jared Schreiber led the funding round…
- Grinta, a fintech-enabled B2B tech platform that is digitizing the pharmaceutical supply chain and is based in Egypt, has secured $8 million seed funding round. Raed Ventures and Nclude co-led the funding round, which also includes 500 Global and Endeavor Catalyst of Silicon Valley. Grinta, a…
- Kenyan and Tanzanian startups can receive a grant investment of up to US$102,000 from develoPPP Ventures to help them expand their impact-driven businesses. DeveloPPP Ventures aims to strengthen businesses with entrepreneurship support and funding on behalf of the German Federal Ministry for…
- Goodwell Investments, a social impact investment company, has launched its US$154 million uMunthu II fund with the goal of fostering the expansion of inclusive enterprises in the region. With a focus on underserved communities in Africa and India, Goodwell Investments is an impact investing firm…
- Leta, a B2B platform, has completed a $3 million Pre-SEED round with participation from 4Di Capital, Chandaria Capital, Chui Ventures, PANI, Samurai Incubate, Verdant Frontiers Fintech, and angel investors. Leta is a technology firm founded by Nick Joshi last year that creates supply chain &…
- Pivo has announced the completion of a $2 million seed funding round to expand its product offerings to supply chain SMEs. Precursor Ventures, Vested World, Y Combinator, FoundersX, and Mercy Corp Ventures all took part in the funding round. Pivo offers SME vendors in massive manufacturing supply…
- The first company to offer electric buses in Kenya, BasiGo, has announced a funding round of USD$6.6 million. Mobility54, the corporate venture capital unit of Toyota Tsusho, Trucks VC, a Silicon Valley venture capital fund specializing in the transportation sector, and Novastar Ventures, a global…
