- Smartprof, an edtech startup based in Morocco that provides a marketplace for private tutoring for school-aged pupils, has raised $110,000 in a pre-Seed funding round. Participating in the investment round were Plug and Play, UM6P Ventures, and a few angel investors. Founded in 2021 by Hamza,…
- A grant agreement has been signed by the African Union Commission (AUC) and the African Development Bank to carry out Phase 1 of the Upstream Project for Digital Market Development in Africa. On November 17, a signing ceremony was held at the AUC headquarters in Addis Ababa, Ethiopia. The…
- Stable Foods, a Kenyan startup, has raised US$600,000 to develop its climate-smart smallholder food production system. Acumen Resilient Agriculture Fund (ARAF) and Mercy Corps Ventures participated in the funding round. Stable Foods, a portfolio startup of Pyramidia Ventures, an agrifood-tech…
- African firms that use innovation to solve critical problems are invited to apply for the TechBridge accelerator program, which grants US$200,000 in funding and other support. TechBridge’s accelerator program provides participants with individualized guidance for business expansion, as well as up…
- Pivo, a Nigerian fintech startup, has closed a US$2 million seed funding round to optimize transaction management and payment settlement for supply chains through the development of new products. Precursor Ventures, Vested World, Y Combinator, FoundersX, and Mercy Corp Ventures are the investors…
- London-based SaaS startup Surfboard has raised about €4.8 million in funding for its collaborative planning tool. The SaaS startup’s platform better connects teams through data to make work more human, reducing burnout and increasing scheduling flexibility. Founded in 2021, Surfboard was developed…
- Period care and sexual health brand Here We Flo has raised about €1.9 million to bring sustainability and body-positivity to women’s health. The London-headquartered startup now plans to expand internationally. Period care and sexual health remain market areas that are oftentimes seen with…
- Paris-based Fairmat, a deep tech startup that aims to recycle advanced materials such as carbon fiber-based composites, announced that it has secured €34M in a Series A round of funding. This funding marks one of the largest Series A rounds for a deep tech startup in France and Europe this year.…
- Germany-based Buynomics, a SaaS platform, announced that it has secured €13M in a Series A round of funding led by Insight Partners. Other existing investors including LaFamiglia, Seedcamp, Dieter von Holtzbrinck Ventures (DvH Ventures), and Tomahawk, also participated. The German company will use…
- Madrid-based Cobee, an online platform that automates and simplifies employee benefits management, announced that it has closed €40M in its Series B round of funding. The investment was led by the British investment funds Octopus Ventures and Notion Capital. Additionally, existing investors…
- Addem Capital, a Mexico City fund focused on Latin America, granted $3.1 million to Atria, a start-up that offers loans for the purchase of pre-owned cars in the country. This is the second investment that the company has received and it has the option to extend up to $15 million in the following…
- Colombian startup Finkargo announced a new financing round for $75 million in structured credit to accelerate the growth of more than 600 SMEs in the country over the next year. The investment was made by Community Investment Management (CIM), an impact investment fund that provides financing to…
- Betafi, a unified user research platform, has raised $1.3 million in pre-seed funding led by Together Fund, Entrepreneur First, and Titan Capital with participation from Nir Eyal and founders from leading companies such as Razorpay, Pine Labs, Snapdeal, Livspace, and others. “I’m super excited to…
- Blnk, an Egyptian start-up offering consumer loans, has secured a US$32 million debt and equity funding round. The company has recently received $23.7 million in equity and debt capital and $8.3 million in securitized bond issuance. The pre-seed and seed investment rounds totaled US$12.5 million,…
- CutStruct Technology, a startup in Nigeria, has secured a US$600,000 pre-seed funding round. With the support of angel investors, notably Kola Aina, the pre-seed investment round was co-led by Zedcrest Capital, DFS Lab, and LoftyInc. CutStruct, a company founded by John Oamen and Tayo Odunsi, has…
- Contro, a telehealth firm based in South Africa that specializes in sexual health and confidence-building services, has announced the completion of an oversubscribed pre-seed investment round, which raised a total of US$585,000. Four international and local venture capital firms—Plug & Play,…
- WafR, a Moroccan retail technology startup, has raised an additional US$120,000 in funding as it continues to organize its network of grocery stores. WafR assists retail brands in delivering promotions to grocers. The business had closed a US$1.075 million seed round earlier this year, and it has…
- Modus, a New York-based venture platform, has opened Modus Africa, a venture capital fund supporting artificial intelligence and blockchain startups in sub-Saharan Africa. Modus operates three business units that target entrepreneurs and startups in the MENA and GCC countries as a “holistic…
- To support early-stage startups across Africa, the Middle East, Central Asia, and Pakistan, the International Finance Corporation (IFC) has established a $225 million venture capital platform. IFC stated it will also use the sector-neutral platform to collaborate closely with other World Bank…
- The French telecommunications company Orange has taken the first step in expanding its high-speed broadband offering to further areas in the Middle East and Africa by launching a new 5G network in Botswana. When it comes to offering high-speed internet to people in Africa, Orange is primarily…
- Mexico City-based Perfekto raised $1.1 million in pre-seed funding with the participation of Goodwater Capital, Alan Rutledge, and Asymmetry Ventures to expand its subscription box of imperfect produce programs across Mexico. Perfekto is a platform that aims to avoid food waste, where buyers…
- Fintech Ping raised $15 million in seed funding from a group of investors, including Y Combinator, Race Capital, BlockTower, Danhua Capital, Signum Capital, and Goat Capital. Ping is a global payment and invoicing solution that aims to solve payment challenges in Latin America, where about 70% of…
- Parisian startup Pelico has announced raising a $18.5 million round for its supply chain management software proposition. The round was led by VCs Serena Capital and 83North. Pelico also raised funds from La Famiglia, ISAI, and a slate of angel investors, including Adrien Nussenbaum (of e-commerce…
- UK-based pet insurance startup Napo yesterday announced raising £15 million in a series A funding led by DN Capital, and backed by the pet care-focused Companion Fund. Founded in 2021, Napo’s insurtech platform offers pet owners policy quotes in minutes. Typically a £75 flat fee is payable when an…
- London-based Anything World, a platform for developing ML-powered interactive 3D experiences has raised €7.52M in funding. Anything World also announced the debut of its high-fidelity animation system, which enables rigging and animations for any 3D model at any moment. The system is being launched…
- London-based Landmark, a mobile games studio built on the foundation and importance of sharing, announced that it has raised €4.47M in a seed round of funding. The company is on a mission to plug a growing demand from players who crave adventures to share and enjoy with their friends. In a…
- Stockholm-based Sesamy, a digital content platform, announced that it has raised an additional €3.3M in a Seed round of funding to accelerate its growth and further expand into digital news and magazine content. The company has now raised €7.3M to date. The round was led by GP Bullhound, with the…
- Madrid-based ifeel, an emotional well-being platform for companies, announced that it has secured €10M in a Series A round of funding led by UNIQA Ventures. Nauta Capital and other investors also participated in the round. ifeel says it will use the funds to expand the business into new markets,…
- Cloud-based lending software provider Lentra has raised $60 million in fresh funding led by existing investors Bessemer Venture Partners and the Susquehanna International Group (SIG) Venture Capital. Citi Ventures also participated in the round. The company said it would use the capital to expand…
- HR tech startup Keka announced that it has raised $57 million in funding from WestBridge Capital, in what the company claims is the largest Series A SaaS funding round in India to date. Launched in 2016, Hyderabad-based Keka entered the HR tech space as a bootstrapped company with the aim of…
- AfyA Care’s Series A capital funding has included a $6 million investment by CardinalStone Capital Advisers (CCA), a manager of a West African private equity fund. The investment exemplifies CCA’s goal of supporting high-potential growth companies that may both have a good impact on communities…
- Yassir, an on-demand marketplace providing transportation, grocery delivery, banking, and more, has just announced a $150 million Series B funding round from high-profile investors around the world. DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures (formerly known as Spike…
- Omnisient, a supplier of consumer privacy-protecting data collaboration platforms in emerging economies, has raised a $3.5 million round of expansion capital, with the help of Buffet Investments, KLT, and the Shoprite Group as the lead investors. Along with early investors Investec and Nedbank,…
- MoneyFellows, an Egyptian fintech startup, has announced the first closure of its Series B round funding, totaling US$31 million. The startup obtained a US$4 million Series A financing back in 2020, and CommerzVentures, Middle East Venture Partners (MEVP), and Arzan Venture Capital led the US$31…
- Hello Tractor, an initiative from Kenya that encourages tractor sharing across the continent, has won the fifth annual CATAPULT: Inclusion Africa programme. The CATAPULT: Inclusion Africa program, created by the Luxembourg House of Financial Technologies (LHoFT), a public/private national fintech…
- Brotinni, an Egyptian food-tech, and dark butcher solutions firm that is bringing innovation to the meat sector, has successfully raised $600,000 in a seed funding round to assist it to scale. Innlife investments led the funding round. Brotinni, a platform for ordering hand-cut, farm-sourced, and…
- Quona Capital, a VC firm focused on emerging markets, has just announced that it has raised US$332 million (or more than double its original goal of US$250 million) in the third and final closing of its Fund III. As a stand-alone venture capital firm, Quona Capital was founded in 2015 by managing…
- IBM announced the release of its most advanced quantum computer to date, the Osprey, which boasts 433 qubits, or three times as many as its previous-generation Eagle machine. Quantum bits, or qubits, are a measure of the computing capability of a quantum computer that employs quantum mechanics,…
- KarmSolar, a solar energy, and multi-utility corporation, has raised $2.4 million from Qatar National Bank ALAHLI (QNB ALAHLI), with advice provided by Egypt-based debt consulting firm Ezdaher Financial Advisory. This will fund the country’s first solar Power Purchase Agreement (PPA) battery…
- Touch and Pay, a fintech company based in Nigeria has been named the winner of the Ecobank Fintech Challenge 2022. At the Grand Finale held at Ecobank’s headquarters in Lomé, presided over by H.E. Cina Lawson, Minister of Digital Economy and Transformation of the Republic of Togo, this news was…
- The UK’s financial services minister has proposed adding regulation of all cryptoassets to a bill already before parliament, which is highly likely to be passed. City Minister Andrew Griffith of Britain proposed the change to the Financial Services and Markets Bill, which is currently undergoing…
- After successfully closing the $44 billion acquisition of Twitter, Elon Musk promptly fired the company’s top executives, accusing them of deceiving him about the volume of spam accounts on the service. Musk didn’t waste any time getting things in order once he took over; he fired CEO Parag…
- Oslo-based Strise, a technology company that claims to offer leading KYC intelligence systems, announced that it has raised €3.3M in a fresh round of funding. The round was led by the Dutch venture capital fund Curiosity, a firm that focuses on seed-stage investments in AI startups in Northern…
- France-based Kiliba, an AI-driven marketing automation software, announced that it raised €7M in a Seed round of funding with an aim to become the European market leader. Otium Capital, FrenchFounders, and Bleu Capital participated in the round. The round also saw participation from Alix de…
- Hem-based Positive Group (formerly Sarbacane Group), a marketing technology company, announced that it has secured €110M in a fresh funding round from EMZ and banking institutions. The company has renamed itself to Groupe Positive (Positive Group) to facilitate the distinction between the…
- Munich-based limehome, a serviced apartments provider, announced that it has secured €45M in new growth capital from new investors AW Rostamani Group and Capital Four. Existing investors HV Capital, Picus Capital, and Lakestar also participated in the round. limehome says it will primarily use the…
- Netherlands-based Carble, a climate fintech startup, announced that it has raised €300k in a funding round led by Antler, the global early-stage VC, with participation from angel investors. The fund also includes grants from the German government’s GIZ Coffee Innovation Fund and the European Space…
- London-based 5Mins, a gamified learning platform for employees, announced on Monday that it has secured €5.7M in a Seed round of funding led by AlbionVC. Other investors, including Chalfen Ventures, Portfolio Ventures, Blue Lion Global, Edenred Capital Partners, and notable angel investors, also…
- Collaborative logistics startup Wareclouds raised $1.2 million in the second round of investment led by ChileGlobal Ventures and the participation of several angel investors including Mike Hennessy, who also invested in other successful startups like CargoX and Cornershop. Wareclouds’ platform…
- The Mexican e-commerce aggregator Quinio raised $40M in equity and debt. The equity was provided by Northgate Capital, Cometa, Dila Capital, AlleyCorp, Western Technology Investment, Alchimia Investments, and angel investors. Quinio acquires, operates, and builds e-commerce brands created by local…
