- Egypt-based startup Convertedin, which develops marketing operating systems for e-commerce firms, has raised $3 million in a funding round to grow its business. Merak Capital of Saudi Arabia served as the round’s lead investor. The funding round also included participation from 500 Global, a…
- OneOrder in Egypt, a leading online one-stop shop for food supplies for hotels, restaurants, and cafés, has obtained a US$6.5 million working capital loan from Contact Factoring, a division of Contact Financial Holding, a major non-banking financial services provider. OneOrder was created by…
- DataProphet, artificial intelligence as a service (AI-a-a-S) company, has announced the closing of a $10 million Series A funding round. The round was led by Knife Capital and included participation from IDC of South Africa and Norican, the largest provider of equipment used to prepare and finish…
- Creation Investments, a Chicago-based fund with a track record of investing in financial companies in emerging markets, announced a US$25 million investment in DD360, a technology platform for financing and managing residential real estate in Mexico. In a press release, Creation revealed that DD360…
- Eliminating the old-fashioned way of pressing vinyl and offset printing, British music tech startup elasticStage has raised £3.5 million in funding for its on-demand vinyl platform. With a next-day turnaround time, gone are the days of waiting months for vinyl production. The funding has been…
- Vosbor, an Amsterdam-based digital marketplace for global trade in bulk agricultural commodities, announced in July, that it has secured €6.8M in a Seed round of funding led by Lux Capital. Market One Capital, FJ Labs, 7percent Ventures, Athos Capital, and Nucleus Capital also participated in the…
- Manchester-based embedded banking solutions platform for small and medium businesses, BankiFi has raised £4 million in funding to continue its global expansion, especially in North America. The funding comes on the back of its recent establishment of a U.S. sales office. The startup plans to bring…
- London-based Foundy has announced that it has secured a £1.25M round led by Fuel Ventures. Based out of London, Fuel Ventures is a technology fund investing in marketplaces, fintech, platforms, and SaaS companies and has also invested in startups including Guider and Journee this year. The UK…
- Chinese ride-hailing service Xiangdao Chuxing announced on Monday that it has raised more than $150 million in Series B from investors, including self-driving car startup Momenta, and said it plans to prepare for a potential initial public offering. The company said it raised $150 million in a…
- Agriculture exports startup Produze has raised $2.6 million led by Accel Partners. The round also saw participation from All In Capital, and other angel investors from startups including founders of Ninjacart and Citymall. Produze began its operations six months ago and was founded by Ben Mathew,…
- MFS Africa, a digital payments network, has raised another US$100 million in equity and debt capital led by Admaius Capital Partners, bringing the total amount raised in the series to US$200 million. The extension attracted new investors Vitruvian Partners and AXA IM Alts, as well as current…
- In a pre-seed round led by Enza Capital, a B2B construction technology platform, Jumba has raised $1 million in funding. Seedstars International Ventures, Chandaria Capital, Future Africa, Logos Ventures, First Check Africa, and a number of angel investors are among the investors in the round. …
- Khazenly, a Cairo-based on-demand digital warehousing and fulfillment network, has received $2.5 million in seed funding. Leading regional venture capitalists Arzan Venture Capital, which specializes in innovative, early-stage firms, and Shorooq Partners, which specializes in seed-stage tech…
- Gozem, a company that offers drivers, retailers, and other consumers a suite of mobility, e-commerce, and financial services, has established a partnership with the International Financial Commission (IFC) to alleviate these issues. The IFC has committed $10 million to Gozem’s auto finance scheme…
- Crossboundary Energy Access (CBEA), a Kenya-based mini-grid infrastructure fund, has raised $25 million in funding from ARCH Emerging Markets Partners Limited, Bank of America, and the Microsoft Climate Innovation Fund to support renewable energy projects across Africa. It was announced that the…
- Internet Explorer was officially discontinued by Microsoft on Wednesday after nearly 27 years. As of June 15, 2022, Microsoft will no longer support Internet Explorer and has urged its users to switch to the Edge browser, which was launched in 2015. The first version of Internet Explorer was…
- Indoor Robotics, a company that specializes in indoor drone technology and just introduced the TandoTM drone, has raised $15 million in series A funding. Pitango led the round, which included Target Global, the European Innovation Council Fund, and Spider Capital. Indoor Robotics was founded in…
- The federal government of Nigeria has proposed new regulations that will apply to social media sites like Facebook, Twitter, and Instagram as well as any other social media platform that is currently active in the country. Regulating the social media giants is a necessary step in ensuring that…
- Launch Africa Ventures, an early-stage venture capital firm, has made its 100th investment, making it the most active investor in African tech businesses, and has completed its first fund at $36.3 million. Fund 1 announced its 100th investment at the end of May, with US$24 million invested in 108…
- The World Bank’s private sector arm, the International Finance Corporation (IFC), wants to invest up to €25 million ($26.43) in Partech Africa Fund II (PAF II), a Paris-based venture capital firm. In its disclosures, the IFC stated that it intends to acquire a holding of no more than 20%. Another…
- DXwand, an Egyptian company that offers conversational artificial intelligence (AI) solutions, has raised $1 million in a pre-series A round. Huashan Capital, based in Shanghai, led the funding round. Angel investors Mohsen Abulleil and Ahmed Bakeer took part in the round. SOSV, a US-based VC firm…
- Virridy has raised $5.5 million in Series A funding to help expedite the development and implementation of its satellite-connected sensors for water, energy, and agricultural resource management. Existing investors FHI 360, Cleo Capital, Reverent Rock, Save Earth, and VertueLab also participated…
- GOMYCODE, a Tunisian ed-tech firm, recently closed an $8 million Series A investment led by AfricInvest and Proparco through the Cathay AfricInvest Innovation Fund (CAIF); Wamda Capital, who had previously participated in the Seed round, has also continued to invest. The cash will be used to…
- Bits of Stock, an Amsterdam-based fintech platform, announced that it has secured $4.4M in a Seed round of funding from Keen Venture Partners and Yellow Accelerator by Snap Inc. The Dutch company plans to use the funds to double its size and onboard around 200 brands in the next 12 months. The…
- CoachHub, a German digital coaching platform, announced that it has secured $200M in a Series C round of funding led by Sofina and SoftBank Vision Fund 2. Molten Ventures, Speedinvest, HV Capital, Signals Venture Capital, and Silicon Valley Bank/SVB Capital also participated in the round. The…
- Bonn-based public-private venture capital investment firm High-Tech Gründerfonds (HTGF) has unveiled its fourth fund with over €400 million in commitments to fund early-stage startups in Germany. This remains the biggest fund unveiled by the company until now. Forty private investors participated…
- Cambridge-based biotech company Spirea has raised $3 million to advance a new generation of antibody-drug conjugate (ADC) therapeutics. The round was co-led by Jonathan Milner and Cambridge Enterprise, with backing from R42 Group, ACF Investors, o2h Ventures, Syndicate Room and Cambridge Angels.…
- Oslo-based Glint Solar has raised $3 million in a seed funding round. The company specializes in fusing satellite data and AI into a software package that can identify and analyze potential solar project sites in a given region. The fresh influx of photons will be aimed squarely at growing the…
- London-based regulatory tech platform Clausematch has raised $10.8 million in funding. The round was led by New York-based Lytical Ventures, with participation from the Sony Innovation Fund and Flashpoint. The company plans to invest the new money in its product and technology teams to boost…
- Amsterdam-based TestGorilla has secured $70m in Series A funding, co-led by the London-based venture capital firms Atomico and Balderton Capital. The funding brings the company’s total investment to $80m following previous investments from Notion, Partech, and CapitalT. Luca Eisenstecken from…
- Brazilian payment platform Zippi announced a $16 million Series A round led by US fund Tiger Global and followed by Y Combinator, Volpe Capital, Rainfall Ventures, Globo Ventures, Hummingbird, Mantis, MSA Capital, Soma Capital, and founders of companies such as Faire, Robinhood, Plaid, Creditas,…
- Ozon, a Mexican startup that buys, fixes, and sells motorcycles, announced it raised $25M in debt and $4M in a seed round. While Architect Capital provided the debt capital, the funds that participated in the seed round were 1984.vc, K50 Ventures, Bridge Partners, Angel Ventures, Magma Partners,…
- Mexico City-based fintech Klar has raised $70 million in equity funding at a valuation of $500 million. General Atlantic doubled down on its $70 million financing last July during Klar’s Series B. Other participants in the funding round include Prosus Ventures, Quona Capital, Mouro, IFC, Acrew and…
- BYD on Tuesday unseated Volkswagen and became the world’s third-biggest automaker by market capitalization. The milestone came at the same time when the Chinese automaker also announced plans to supply batteries to Tesla. This is an unprecedented high for BYD, reflecting investors’ excitement…
- Microsavings platform Siply has raised $19 million as a part of a fresh round of funding led by Qi Ventures. The round also saw participation from existing investors LetsVenture and Jito. Angel investors also took part in the round, including Vivek Sunder, chief executive officer of Cuemath and…
- SaaS buying platform Spendflo raised $4.4 million in seed funding from Accel India and founder-focused venture partner Together Fund, the company said in a statement on Tuesday. The round saw participation from BoldCap and Signal Peak Ventures, along with investments from a bunch of founders of…
- MFS Africa has agreed to pay $34 million in cash to acquire Global Technology Partners (GTP). GTP is Africa’s leading prepaid card processor, with over 80 banks using its platform, including UBA, Ecobank, BIA, Stanbic, Coris, NSIA, and Zenith Bank. GTP’s client base spans 34 countries, and the…
- Indicina, a Nigerian fintech firm that is building API-driven credit infrastructure for Africa, has raised $3 million in funding to help it expand into other African countries. Greycroft and RV Ventures also participated in the investment round, which was led by Target Global. Ricardo Schaefer, a…
- Klasha, based in Lagos and San Francisco, has raised an extra $2.1 million to round up its $4.5 million seed round. The fund was raised from a group of international investors including Greycroft, Seedcamp, Plug and Play, Berrywood Capital, and Breega, and was led by American Express (AMEX)…
- WafR, a Moroccan retail tech startup that allows companies to broadcast smart promotions to grocers in order to boost market share, has raised $1 million in a seed round. Launch Africa Ventures, a famous pan-African venture capital fund based in South Africa, as well as First Circle Capital,…
- Apple commenced its annual Worldwide Developers Conference (WWDC) at Apple Park. WWDC, Apple’s annual developer conference, is geared toward app developers who develop iOS, macOS, watchOS, and tvOS applications. WWDC, Apple’s annual developer conference, is typically when the company debuts new…
- Copenhagen-based Legal Desk, a startup that aims to be the leading provider of legal documents for businesses and consumers, announced that it has raised $3.3M (approximately €3M) in a Series A round of funding. The round saw participation from a group of private investors, including Michael…
- Aiming to tap into what it calls a ‘second wave gig economy’, the Utrecht-based startup that connects those with a camera to visitors at over a million identified public locations and attractions, Smiler has raised $8 million in a seed round. The funding round will be used to further develop its…
- Seven months after a $14 million seed round, Berlin-based B2B BNPL player Mondu has announced a $43 million Series A round raise led by Valar Ventures. The capital will be used to further scale Mondu’s product offer and hone in on customer acquisitions, as the company begins international…
- Madrid-based Komon announced that it has closed a $2 million pre-seed round ahead of the launch of its NFT-accessed online creative platform. Komon will allow fans to purchase an NFT to gain access to an exclusive online community for different artists. Komon was founded by Sebastián Fernández-…
- China has successfully developed the world’s first autonomous drone carriers as it looks to expand its maritime influence through the use of AI. The vessel, which can be operated both remotely and autonomously, can carry dozens of unmanned vehicles, including drones and submersibles. It can also…
- Direct-to-consumer (D2C) beauty and personal care brand Sugar Cosmetics has raised $50 million led by L Catterton with participation from existing investors A91 Partners, Elevation Capital, and India Quotient. Sugar raised $21 million in February 2021 led by Elevation Capital, formerly SAIF…
- Alternative data insights start-up, Synaptic on Monday said it has closed a $20 million Series B funding round led by Valor Equity Partners which it will use to continue investing in product innovations, double down on its data science capabilities, partnerships with data vendors, and expand its go…
- Indian startup Lumos Labs has announced the launch of a metaverse platform for developers to learn, earn, and explore opportunities after raising over $1.1 million in funding led by Web3.0 venture fund Delta Blockchain Fund. The round also saw participation from venture capitalists such as…
- Greece and Saudi Arabia agreed on Tuesday on the main terms to set up a joint venture to lay a fibre optic data cable that will link Europe with Asia, Greek sources said on Tuesday. The “East to Med data Corridor”, an undersea and land data cable, will be developed by MENA HUB, owned by […]
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