- Elon Musk said his $44 billion cash purchase with Twitter Inc is “temporarily on hold” while he waits for the social media giant to produce data on the percentage of fake accounts it has. “Twitter deal on hold temporarily seeking details supporting calculation that spam/fake accounts constitute…
- According to CoinGecko data, Luna fell to $0 on Friday, a shocking drop for a cryptocurrency that had formerly been worth more than $100. The contentious stablecoin TerraUSD’s sister token is now practically worthless. The failure of contentious stablecoin Terra triggered a crypto market crisis,…
- Google has introduced a series of hardware products, the latest hint that it is serious about expanding its company outside advertising. Additionally, the company has plans to introduce a new tablet in the coming year and has unveiled its first in-house smartwatches. Google also announced…
- Interswitch, an African payments company, has received a $110 million investment from LeapFrog Investments and Tana Africa Capital to help it expand its digital payment services across Africa. Interswitch, with a market capitalization of $1 billion, is one of Africa’s most valuable electronic…
- For the third year, Grow with Google, Pluralsight, and Andela have teamed up to present the Google Africa Developer Scholarship to support software engineers in Africa in two different roles: Android Associate Developer Cloud Associate Engineer This program seeks to engage with current and…
- Identitypass, a cybersecurity, and anti-fraud startup based in Lagos have raised $2.8 million in seed funding, which it plans to utilize to extend its product suite and platform into other territories. Identitypass received seed funding from Marc Ventures, as well as Y Combinator, Soma Capital,…
- Mylerz, an e-commerce fulfillment firm based in Cairo, has raised $9.6 million in funding. Lorax Capital Partners, an Egypt-based private equity firm, led the investment round, which also included Fawry, an Egyptian e-payment provider. In November 2019, Samar Gharibeh founded Mylerz. The Mylerz…
- One of Africa’s leading crypto exchanges, MARA, has received $23 million in funding from Coinbase Ventures, Alameda Research (FTX), Distributed Global, TQ Ventures; DIGITAL; Nexo; Huobi; DAO Jones (investment DAo sponsored by Mike Shinodo, Steve Aoki and Disclosure); and almost 100 crypto investors…
- Kaltani, a Nigerian clean-tech plastic waste recycling company, has raised $4 million in seed funding to boost its recycling operations throughout the nation. With Kaltani’s technology, the entire value chain is transparent and traceable thanks to data analytics, predictive analytics, and…
- It’s been more than 20 years since the iPod became the standard for portable music and launched Apple’s remarkable rise to become the world’s most valuable corporation. Apple has confirmed that it will no longer manufacture iPods, the MP3 devices that revolutionized the way people listen to music…
- According to data site CoinMarketCap, crypto assets have lost roughly $800 billion in market value in the last month. Prices of digital assets have fallen, reflecting a drop in equities amid fears of aggressive interest rate hikes around the world to combat decades-high inflation. The Nasdaq (.…
- Product and service development is a common way to think about innovation, but there are other ways to think about it, as well. To remain relevant, businesses must continuously innovate; hence, specific factors must be established to foster innovation. Innovation can also take the form of a shift…
- The Social & Inclusive Business Camp (SIBC) has quickly established itself as a must-attend event for high-impact African entrepreneurs, and will soon be helping the next generation of project leaders in scaling up their businesses. Since 2017, the SIBC has aided approximately 240…
- Cogniteam, a robotics development startup that just launched the Nimbus robotics AI operating platform, has raised $5.6 million in a Series A round of funding. Previous investors in Seabarn Management (Andrew Owens) and UK-based Panthera family office members participated in the round of funding.…
- After 5 years of working for the SMEs market in Chile and with more than 7000 clients, Insurtech Simplee raised its first seed round led by Magma Partners to continue delivering quality service to small and medium companies in Latin America. Simplee Seguros was born in 2018 as a traditional…
- Bookaway, which has built a platform for people to view options for and book their ground transportation — journeys from a long-haul arrival point to a hotel or other final destination, with some 7,000 providers listed in all currently has raised $35 million. The Tel Aviv-based startup’s Series C…
- Vienna-based digital e-commerce fulfillment platform byrd has raised $56 million in funding to let e-commerce retailers deliver the next day to consumers anywhere in Europe. The round was led by Cambridge Capital, with participation from Speedinvest, Mouro Capital, Elevator Ventures and other…
- Belgian startup firm TechWolf, which has raised €10 million in funding. The Series A round was led by Stride.VC, with participation from Fortino Capital, Acadian Ventures, PMV, Syndicate One, and existing investors. The extra cash will be used by the startup to execute its go-to-market strategy,…
- London-based Lollipop has raised £5 million in a seed funding round led by Octopus Ventures. Targeting busy families, particularly with children, Lollipop is the app that finally brings meal planning, shopping, and cooking services all under one umbrella. The fresh produce is expected to help the…
- French AI-driven logistics platform Zozio has raised €4 million in funding. The round was led by Capricorn Partners and saw the participation of Industrya and The Faktory Fund. The startup will triple its workforce to further develop its solution offering for manufacturing players across Europe.…
- Rotterdam-based Freeday has raised €4 million in funding to build new partnerships and roll out in new markets. The round was led by VC firm henQ. The founders of RPA boutique Ciphix and digital strategy agency Numa launched the platform in October 2020. The company aims to rewrite how we work and…
- Even flow Brands (Evenflow), an eCommerce rollup said it has closed a funding of $5 million from a clutch of investors. The startup partners with digital-first brands that sell on eCommerce marketplaces like Amazon, Flipkart, Meesho, JioMart, and others, and helps to scale them profitably. The firm…
- Zomato CEO Deepinder Goyal announced on Friday that he would donate all proceeds from the employee stock options (Esops) he received from investors and the board of directors to the Zomato Future Foundation (ZFF). At Zomato’s average share price over the past month, these Esops are worth around $90…
- Overseas study assistance startup ForeignAdmits has raised about $450,000 from Mumbai-based early-stage fund Unicorn India Ventures (UIV) and other investors like Bengaluru-based SEA Fund. Beerud Sheth, founder of Gupshup, Zishaan Hayath, founder of Toppr, and Keshab Panda, former chief executive…
- Byju’s group company Great Learning has acquired Singapore’s executive education firm Northwest Executive Education in a stock and cash deal of around $100 million, according to people in the know. This is yet another investment from the Bengaluru-based Byju’s in the executive education space after…
- PayPal Ventures, Kora Capital, and Clay Point led a $50 million funding round for Paymob, an Egyptian fintech startup. Helios Digital Ventures, British International Investment (previously the CDC Group), Nclude, and three Egyptian banks joined the round as additional investors. Paymob is a digital…
- Africa GreenCo (GreenCo), a Zambian company, has received $15.5 million in fundig from InfraCo Africa, the Danish Investment Fund for Developing Countries (IFU), and the EU-funded Electrification Financing Initiative (EDFI ElectriFi). GreenCo Power Services, situated in Lusaka, was founded in 2020…
- Manara, an edtech startup, has secured $3 million in a pre-seed round backed by Stripe. The funding round also included Reid Hoffman, the creator of LinkedIn, Paul Graham, the founder of Y Combinator, Eric Ries, the inventor of Lean Startup, and Mudassir Sheikha, the founder, and CEO of Careem. In…
- Norebase, a Nigerian trade technology startup that is establishing a single platform for businesses to start, scale, and operate in any African country, has raised $1 million in pre-seed funding to help it grow. Samurai Incubate and Consonance Investment co-led the funding round, which also…
- GoMetro, a South African logistics startup, has raised a seed extension round of US$1 million to expedite its growth, strengthen its commercial team, and aggressively expand into the South African, UK, and American markets. Kalon Venture Partners, Hlayisani Capital, Tritech Global, 4Decades Capital…
- The third and final closing of the HAVAC Universum Core African Fund, a US$20 million fund that will invest in early-stage technology firms in South, East, and West Africa, has been announced by the South African venture capital firm HAVAC. The HAVAC Universum Core African Fund is the company’s…
- Only a few days after the US Federal Reserve announced an interest rate hike, the world’s leading tech companies saw their value drop by over $1 trillion. Since the close of business on Wednesday, when Fed Chair Jerome Powell warned that inflation was too high and that no rate hike of more than…
- Startups with creative solutions that help address the ocean’s overexploitation, pollution, or climate change concerns are encouraged to apply for the OceanHub Africa accelerator program’s 3rd cohort. The pan-African program will be a hybrid event this year. OceanHub Africa, based in Cape Town…
- Hello Tractor, a Nigerian tractor-booking platform, has received $1 million in funding from Heifer International to provide loans for tractor purchases that may be repaid with revenue generated by leasing the tractors to local farmers. Hello Tractor has launched a monitoring gadget and software…
- Kwely, a Senegalese B2B wholesale distribution channel for “Made in Africa” products, has raised a seed round of funding of $1 million. WIC Capital, LoftyInc Capital Management, Haskè Ventures, and other significant investors contributed an additional US$700,000 to Kwely’s seed round, bringing…
- OnePort 365, a digital freight forwarding company based in Nigeria that makes it easier to transfer cargo to, from, and within Africa, has raised $5 million in seed funding to help it accelerate the end-to-end digitization of freight management in Africa and expand into other markets. Mobility…
- Ecobank Commercial Banking, a subsidiary of Ecobank Group, has launched its Ellevate Leadership Training Program in collaboration with the Global Business School Network (GBSN). The Ellevate Leadership Training Program is part of ‘Ellevate Equip,’ a brand term for all Ellevate by Ecobank…
- Anheuser-Busch InBev, the world’s largest beer brewing corporation, inaugurated its 2022 Africa version of the Beer Garage Global Accelerator Program, which has a record of brewing 500 brands (including Budweiser, Corona, Stella Artois, and others) across 100+ countries. The event drew a virtual…
- Telegram announced that its users will be able to send and receive payments in real-time using the Toncoin cryptocurrency. Toncoins can be purchased with a debit card, on cryptocurrency exchanges, or transferred from other digital wallets, according to the company. Telegram users now transfer…
- Mexican Proptech company, Kambio closed a $1 million funding round led by First Check Ventures, PlugAndPlay, WeWork Alumni Fund, Bluebox Ventures, and Assymetry Ventures. Some other investors include ConConcreto, one of the largest construction companies in Colombia; and some angel investors…
- Paris-based Rise Up, a company that provides an employee learning software solution, announced that it has raised €30M in its Series B round of funding. The round was led by Amsterdam-based Connected Capital, a B2B SaaS-focused investment fund. Existing investors MAIF Avenir and Impact Partners …
- UK-based mobility startup RideTandem has raised £1.75 million in seed funding. 1818 Venture Capital led the round, alongside Conduit Connect, Low Carbon Innovation Fund, previous investors Ascension and Seedrs, and angel investors. The extra cash will support the company’s continued hiring,…
