- 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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- ShEquity has secured a $1.2 million co-investment from the USAID Trade Hub to invest in and support over 100 high-potential women-owned or led enterprises. Women entrepreneurs, according to Pauline Koelbl, Founder and Managing Director of ShEquity, are critical to Africa’s prosperity, as they run…
- Following allegations of privacy abuses by the US authorities, Twitter has agreed to pay millions in fines. US authorities penalized Twitter $150 million for gathering users’ email addresses and phone numbers for security concerns and then exploiting the information to target them with…
- Starlink, a satellite internet network operated by SpaceX, has been granted a license by the Nigerian Communications Commission (NCC). Elon Musk, CEO of Tesla, revealed on Twitter that Nigeria and Mozambique have approved Starlink, the satellite internet service developed by SpaceX. Starlink…
- The final close of AfricInvest Fund IV (AF IV) with total commitments of US$411 million has been announced by AfricInvest, an African investment platform. Fund AfricInvest IV is the largest in the company’s history, and it follows on from the previous flagship fund, AfricInvest III, which closed…
- Victory Farms, a tilapia fish farm and aquaculture firm in Kenya, has raised $5 million in new capital. Ed Brakeman, a senior managing director at Bain Capital, and Hans den Bieman, the founder and former CEO of Mowi, one of the world’s largest fish companies, spearheaded the fundraising round. …
- Untapped Global has received a pre-seed round of US$10.3 million in debt and equity to help develop its smart asset financing strategy, which funds revenue-generating assets for entrepreneurs and SMEs in Africa and Latin America. Untapped Global, with offices in San Francisco, Africa, and Europe…
- Samsung, the South Korean conglomerate, has announced a five-year plan to invest more than $350 billion in its businesses and create tens of thousands of new jobs. The announcement comes only days after US Vice President Joe Biden paid a visit to a Samsung semiconductor plant as part of a trip to…
- FoondaMate, a South African ed-tech startup, has secured US$2 million in seed funding in order to use its AI-powered learning platform to overcome global education inequality gaps. LocalGlobe led the round, which included Emerge Education, FirstCheck Africa, LoftyInc, Future Africa, Marcus…
- JABU, a Namibia-based B2B e-commerce company, has raised $15 million in a Series A round led by Tiger Global. Other investors in this growth round include Box Group, Knollwood, and D Global Ventures. According to the company, businesses can use Jwallet to order, stock, and pay for their items,…
- Esaal, a healthtech startup based in Egypt, has successfully completed the Seed funding round, which was led by A15 and totaled $1.7 million. Esaal, founded in 2018 by Fadi Doss, is a telemedicine company that charges subscription fees for audio, video, and in-person consultations with experts on…
- Merqueo, a digital supermarket that operates in Colombia, Mexico, and recently Brazil, received a US$22 million financing package from IDB Invest and Blue like an Orange. The former is the private investment arm of the Inter-American Development Bank, and the latter is a private investment firm…
- Mentum, an API that can be integrated into the applications of other finTechs to massify investment products, received $4.2 million in funding led by Google’s Gradient Ventures, with participation from Global Founders Capital, Soma Capital, Investo, Y Combinator, and co-founders of Plaid and Jeeves…
- The Argentinian tech academy HENRY announced it raised $10M in a Series A round co-led by Kayyak Ventures and Seaya & Cathay. Other participants were Amarena, DILA Capital, Eduardo Della Maggiora (Betterfly), Accion Venture Lab, Tim Draper, and Matias Woloski (Auth0), among others. HENRY is a…
- London-based OpenDialog, an open-source conversational experience platform that creates scalable and secure conversational applications, announced that it has raised €4.66M in a Seed round of funding. Raised in only four weeks, the funds will enable OpenDialog to develop its product and support its…
- Dublin-based TransferMate, a global B2B payments technology startup that enables companies to send and receive payments cheaper, faster, and easier than before, has announced that it has raised $70M (approximately €66M) in a fresh round of funding. With over $130M of total funding, the B2B payments…
- Nomagic, a Polish startup that has built a robotic arm that can identify and pick out an item from an unordered selection (say, from objects in a box) and then move or pack it into another place, has raised $22 million, funding that it will be using towards both growing and expanding its business.…
- Paris-based mental health startup Moka.care has raised €15 million in funding to support mental wellbeing in the workplace. The Series A round was led by US-based VC Left Lane Capital with participation from existing investor Singular. VC firm Origins (co-founded by sporting legend Blaise Matuidi, …
- Berlin-based Knowunity has raised €10 million in a Series A round co-led by Redalpine and Stride. Existing investors including Project A and the founders of Booking.com and Preply, as well as World Cup-winning footballer Mario Götze also participated in the round. The funding will be used to…
- UK-based food technology startup Foodsteps has raised $4.1 million in seed funding to allow businesses to calculate, reduce and label the environmental impact of their food from farm to fork. The seed funding round, led by Octopus Ventures, will allow the company to improve its database by…
- Edinburgh-based Neurolabs has raised €3 million in a seed funding round that will enable the company to continue to scale operations as well as expand its offering to include several consumer packaged goods use cases. Since 2019, the startup has raised a total of $4.9 million. This announcement…
- Minus Zero said it has raised $1.7 million led by Chiratae Ventures, along with participation from JITO Angel Network and senior executives from tech companies like Nvidia, and Lyft. The deal marks the first time an Indian self-driving car company is attracting venture capital funds. The funding…
- Electric ride-hailing service BluSmart on Tuesday announced it has raised $25 million as part of its extended Series A1 round. In total, the startup has raised $50.7 million as part of its Series A round. BluSmart said that its EV ride-hailing platform aims to add 5,000 electric cars and scale up…
- Sylndr, an Egyptian online used-car marketplace, has secured $12.6 million in a pre-seed round led by RAED Ventures, with Algebra Ventures, Nuwa Capital, 1984 Ventures, Worldwide Founders Capital, and a number of regional and global angel investors participating. Sylndr is an automotive-focused e-…
- AfriLabs, an African hubs network, has launched the AfriLabs Academy to provide startup ecosystem enablers with the skills and training they need to support African businesses. The AfriLabs Academy is part of the AfriLabs Capacity Building Program and is designed to provide training and management…
- Doxx, an Egyptian e-health startup, has secured US$1.5 million in seed funding to keep developing its digitalized healthcare platform that connects medical experts and institutional healthcare providers to assist in a patient’s medical journey. Openner and Elevate Healthcare participated in the…
- According to Juniper Research, the value of digital wallet transactions is expected to hit $12 trillion by 2026. The total value of transactions is expected to be around $7.5 trillion this year. To take advantage of this significant increase, prominent digital payment suppliers are expected to…
- Zuri Health, a mobile-based digital healthcare startup, has announced that it has raised $1.3 million in funding to grow across Africa, with participation from DOB Equity, Launch Africa, and Founders Factory Africa. Ikechukwu Arthur Anoke and Daisy Isiaho founded Zuri Health in 2021 after they…
- The second cohort of the Google for Startup Black Founders Fund for Africa has opened for applications, with 60 eligible black-founded startups poised to receive a total of US$4 million in funding. In October, fifty founders were awarded equity-free capital, and Google has stated that for the…
- Topship, a Nigerian logistics firm, has raised US$2.5 million in funding to continue building the “Flexport for Africa.” Topship, which is set to launch in June 2020, enables African businesses to export and import cargo, freight, and parcels to their suppliers, distributors, and consumers…
- Instabug, an Egyptian startup that provides mobile monitoring, crash, and bug reporting solution for mobile teams, has raised US$46 million in Series B funding to expand its product and create the first mobile observability and performance monitoring platform, according to the company. Insight…
- TRB Advisors led a $10 million bridge round for Africa-based healthcare startup CarePoint, with participation from Breyer Capital, Beyond Capital Ventures (BVC), M3 Inc, Asia Pacific Land/ Natural World Limited, and Alan Waxman. Dr. Sangu Delle launched CarePoint, which was previously known as…
- Twiga Foods has announced the launch of Twiga Fresh, a new business focusing on contemporary and commercial farming, to assist in the delivery of low-cost, high-quality, and safe food to informal shops and urban customers. Twiga Fresh will use the USD10 million investment to expand the efficient…
- Since its inception in January 2020 Adanian Labs, the “start-up that builds start-ups” has fast-tracked its value proposition in Venture building across the African continent by providing a platform for African Tech start-ups to access key resources, financing, and scale. With Pan African co-…
- According to a top watchdog official, global market regulators are likely to establish a single agency within the next year to better coordinate cryptocurrency laws. The spotlight has returned to crypto markets this week, amidst even more wild volatility that has long frightened watchdogs. The…
- The BLOC Smart Africa fund, managed by Bamboo Capital Partners and launched by the Smart Africa Alliance, has announced a $585,000 investment in TooMuchWifi, a South African internet service provider. Connectivity Capital, Atreyu Investments, and a European Family Office joined existing investors…
- TopUp Mama, a Kenyan startup that connects African eateries with supplies, banking services, and business management tools, has raised US$1.7 million in venture capital to help it expand. Ventures Platform and JAM Fund led the seed round, which was also joined by Next Billion Ventures, Future…
- The Chilean startup Grupo Central raised $3M in a seed round that was led by Moonvalley Capital, Global Founders Capital (GFC), and Opera Ventures. Grupo Central is a pioneer startup in the development of the Dark Kitchens and Dark Stores model in Chile. The startup offers professional kitchens…
- Welbe, a health tech that offers companies a comprehensive health program for their workers, announced its first pre-seed survey for US$3 million. The Nazca investment fund led the round. Marathon Ventures, H20, and various angel investors also participated in the investment, including Ricardo…
- Amsterdam-based Willicroft, a plant-based cheese producer, announced on Tuesday that it has raised €2M in a pre-Seed round of funding. The investment was led by early-stage investors Rockstart and PINC, Paulig’s venture arm. Döhler and Feast Ventures also participated as co-investors. The startup…
- U.K. startup called Token.io has closed $40 million in funding to expand its own particular push in payments tech account to account payments and accessing accounts for transactions by way of a single API deeper into the U.K. and across Europe. The funding is being co-led by Cota Capital and…
- Berlin-based digital B2B marketplace MagaLoop has raised €9 million in funding for its app-based ordering platform to connect independent retailers directly with suppliers. The Series A round was led by existing investors Market One Capital and FoodLabs and saw the participation of Redalpine…
- Addressing the problem, Italian startup Bevy, is delivering water and everyday beverages to a customer’s doorstep within 3 hours at supermarket prices, senza delivery fee. An everyday problem that is still far too common in most parts of Europe is the process of carrying home water cases from the…
- Cryptocurrency trading platform Elwood Technologies founded by British hedge fund billionaire Alan Howard has raised $70 million in funding. The round was co-led by B2B investor Dawn Capital and Goldman Sachs, with participation from Barclays, BlockFi Ventures, Chimera Ventures, CommerzVentures, …
- Austria-based headless content management system (CMS), Storyblok has raised $47 million in funding to enable developers and marketers to deliver powerful content experiences on any digital platform. The Series B financing was led by Mubadala Capital and HV Capital and joined by existing…
- Indian Fintech startup BharatX has raised $4.5 million in a funding round from Silicon Valley-based famed accelerator Y Combinator, 8i Ventures, Multiply Ventures, and Soma Capital. The company plans to utilize the funds to expand its team and develop its product. The funding round also saw…
- Smytten, a product sampling and engagement platform for direct-to-consumer brands, has raised around $15 million in its latest funding round led by its existing investors Fireside Ventures and Roots Ventures. The round also saw investment from Marico chairman Harsh Mariwala’s family office Sharrp…
- Melorra, a direct-to-consumer (D2C) jewellery brand, has raised $16 million from Axis Growth Avenues, SRF Family Office, N+1 and existing investors, in the first leg of its Series D round. The funding includes $14 million in equity and $2 million in debt. In October 2021, the company raised $24…
- Fashinza, an Indian based AI-driven business-to-business (B2B) marketplace, has raised $100 million in a funding round led by Prosus Ventures (formerly Naspers Ventures) and Westbridge. The company will use the funds to create a sustainable supply chain and expand into new geographies, it said in a…
- Nigeria’s markets regulator has published a set of digital asset regulations, indicating that the continent’s most populous country is attempting to strike a balance between outright bans on crypto-assets and their unregulated use. Last year, Nigeria’s central bank prohibited banks and financial…
