- Crafty Workshop, an Egyptian startup in the education technology sector, has successfully raised $400,000 in a round of seed funding. EdVentures, the region’s first corporate venture capital firm with a specific focus on educational technology, led the funding round. Crafty Workshop, an…
- According to reports, Microsoft is in discussions to sign Amazon as a customer for its Microsoft 365 cloud productivity tools in a deal worth more than $1 billion. Microsoft would benefit greatly from the deal, which would be among the biggest cloud software transactions in history. The agreement…
- Meta is bringing its ‘broadcast channels’ feature to Facebook and Facebook Messenger after first launching it to Instagram and WhatsApp earlier this year. The feature will be available on the two platforms in the upcoming weeks, according to the company. Creators and prominent personalities can…
- Copenhagen-based Klimate has secured €3.5 million in a Seed funding round led by Eneco Ventures and Helen Ventures and was joined by existing investors Rockstart and the Export and Investment Fund of Denmark. The startup provides a CO2 asset management platform to give companies carbon removal…
- Amsterdam-based PULSE Sport, an athlete performance monitoring and sports management platform announced that it has secured its first investment funding of €250k in a pre-seed round from SportInnovator. PULSE Sport says it will utilize the investment to advance its pilot phases, enhancing its…
- Zurich-based Lakera AI, announced the formal launch of its AI security platform, enabling developers to secure generative AI applications in the enterprise. In addition to the launch, Lakera AI has secured $10M in a fresh funding round led by Redalpine. Other founders, including Fly Ventures,…
- Heliup, a French startup that develops and produces lightweight photovoltaic panels, has raised €10M in funding. The company aims to transform the large roofs of existing buildings into a clean energy source. Starquest Capital led the financing round, along with participation from EIT InnoEnergy, …
- Scottish insect genetics company Beta Bugs announced that it has raised €1.46M to scale up the production, sale, and supply of its black soldier fly (BSF) eggs and larvae. The insect farming sector will use them as a sustainable alternative to current protein sources for animal feed. The funding…
- Wareclouds, the promising Chilean collaborative logistics startup founded in 2020 by Nicolás Aramayo and Arturo Quiroz, has successfully concluded its third financing round, attracting $2 million. Of this amount, 2048 Ventures, a New York-based firm, led the round, contributing $1.8 million, while…
- Foreign investment and partnerships play a pivotal role in shaping the growth trajectory of the tech sector in Africa. Here are key ways in which they impact African tech growth: 1. Access to Capital: – Foreign Investment: Foreign investment injects much-needed capital into African tech startups…
- Microsoft and Flutterwave have entered into a five-year strategic technological partnership. Flutterwave will develop its next-generation platform on Microsoft Azure as a result of the new partnership, with the intention of boosting payment innovation in Africa and, in turn, the expansion of small…
- Amenli, an Egyptian insurtech startup, has completed a US$1 million equity investment round to support team growth, product development, and brand development. One of the largest insurance groups in the MENA region, Qatar Insurance Company’s corporate VC arm Digital Venture Partners (DVP), joined…
- To help fast-growing health and financial services firms in Africa, South Asia, and Southeast Asia gain access to growth capital and support the creation of new jobs, IFC has made an equity investment of US$50 million in a new fund by LeapFrog Investments, one of the largest private equity groups…
- Sanari Capital, a majority black and female-owned South African private equity firm run by women, has raised US$65 million for its growth fund, which will be used to create jobs and promote economic development throughout Africa. Sanari Capital makes investments in well-established companies at…
- Intella, an Egyptian deep tech startup, has completed a US$3.4 million pre-Series A funding round that will support its Saudi market expansion and the creation of end-to-end AI models tailored to the MENA region. The startup has raised US$3.4 million in a pre-Series A investment, with the same…
- WATT Renewable Corporation (WATT) in Nigeria has raised US$13 million to expand its business as an independently owned provider of hybrid solar systems. Empower New Energy, a lender, and co-developer of renewable energy, provided the US$13 million funding. Empower New Energy funds, constructs, and…
- Stitch, a South African fintech startup, has announced a US$25 million Series A extension round led by Ribbit Capital, which will be used to extend its end-to-end payments solutions and enter new markets. Following a US$6 million seed funding in 2021, the startup swiftly advanced to Series A with a…
- Google has recently launched new consumer products, including the Pixel 8 smartphone and a new smartwatch, both of which incorporate the company’s artificial intelligence (AI) technologies more fully integrated into Google’s consumer electronics. The Google Pixel smartphone was designed to…
- The “Sony Innovation Fund: Africa” program has been unveiled by Sony Group Corporation as a means of fostering the expansion of Africa’s entertainment industries. Through its “Sony Innovation Fund” (2016), which invests in seed to early-stage companies, “Innovation Growth Fund” (2019), which was…
- Lipa Later, a Kenyan fintech platform that enables e-commerce, financial inclusion, and shopping on a centralized and fully integrated platform, has secured US$3.4 million in a privately placed debt issuance to help it grow its operations. The funding round was backed by KN Law, a preeminent legal…
- Root Platform, a South African startup that offers an end-to-end, low-code, API-first insurance technology platform, has raised US$1.5 million in funding to speed up its expansion plans. Invenfin, a South African venture and growth capital firm affiliated with Remgro, which participated in Root’s…
- Revio, a South African payment orchestration platform that assists merchants in optimizing their order to cash lifecycle, has announced a seed financing round of US$5.2 million to support its growth across Africa and the expansion of its capabilities. Late last year, the startup raised US$1.1…
- Fixit45, a pioneer in the aftermarket for automotive technology and an innovative startup in Nigeria has received US$1.9 million in pre-seed funding to help it grow. Launch Africa Ventures led the pre-seed round, which also included a variety of angel investors and investors like Soumobroto Ganguly…
- Untapped Global, a revenue-based asset finance platform, has successfully raised US$3 million in seed funding led by E3 Capital. With this investment from E3 Capital, Untapped Global has now raised more than US$14 million in debt and equity from early-stage venture and angel investors. Through…
- ANKA, an e-commerce platform based in Ivory Coast, has raised US$5 million in extension funding to bolster Africa’s creative industries and its expanding online retail sector by helping thousands of small businesses, and women-led artisanal businesses expand. Last year, the startup raised a pre-…
- Complete Farmer, a comprehensive digital agricultural marketplace based in Ghana has just closed a US$10.4 million pre-Series A funding round to fuel its growth. The platform links African farmers and global companies to competitive marketplaces, resources, data, and each other. The US$10.4 million…
- Beltone Venture Capital, a subsidiary of Beltone Financial Holding, has invested in ariika, an Egyptian direct-to-consumer, digitally-led home and décor business, through a Series A equity fundraising round and acquired a 20% share in the company. Ariika is an online retailer, distributor, and…
- The Colombian company Bia, dedicated to virtual energy marketing, received a capital investment of $16.5 million. Sebastián Ruales, CEO and co-founder of Bia, explained that this capital injection allowed them to reach a break-even point a year after entering the market. The USD $ 16.5 million…
- Luxembourg-based e-commerce platform MarketLeap has raised an additional €1.5 million in Seed funding, taking its total funding to €2.6 million. The latest round includes Notion Capital, Kima Ventures and Motier Ventures, existing investor Expon Capital, and others. The additional capital will…
- Norway-based ECOsubsea, a hull cleaning specialist, announced that it has secured $12M in a Series B round of funding led by the Blue Ocean fund managed by French sustainable investor SWEN Capital Partners. The company says it will use the funds to advance its eco-friendly hull cleaning services in…
- London-based Kennek, a fintech that specializes in developing an operating system for lenders, announced that it has secured $ 12.5M in a seed round of funding led by HV Capital. Dutch Founders Fund, ff Venture Capital, and Plug & Play Ventures also joined the round after participating in the…
- London-based AI-powered visual moderation company Unitary announced that it has secured $15M in Series A round of funding. Led by Creandum, the round also attracted participation from Plural and Paladin Capital Group. The startup, co-founded by Haco and James Thewlis, has developed AI technology…
- Paris-based Granular Energy, an energy startup, announced that it has raised €7.5M in a funding round led by Norrsken VC. Apart from Norrsken VC, the round also saw participation from All Iron Ventures, Box Group, Valo Ventures, and existing investors Seedcamp, Revent, and Powerhouse Ventures. The…
- Colombian startup Maqui, a platform focused on helping fashion companies track garment production, raised 1.5M in a pre-seed round. The capital injection was led by Marathon Ventures, with the support of other investors such as Nido Ventures, Integra Group, Kuiper, and Noa Capital, as well as…
- Agro fintech Nagro raised $49M in equity and debt to provide credit solutions for rural producers. Kinea Ventures and Revolution, a fund of Oasis Ventures participated in the round. With this funding, Nagro will invest in its two main verticals: credit analysis and risk monitoring, with its…
- Dublin-based Micron Agritech, an agritech startup that is using rapid AI-powered testing to reduce the overuse of anti-parasite treatment in animals, has raised €2.7 million in a new funding round. With the primary focus of eliminating unnecessary worming treatments in animals, which leads to…
- Metal recycling software firm Metaloop is making a dent in the scrap metal recycling industry with its all-encompassing software solution, from matchmaking, logistics, and recycling to financing and trade discovery. The Austrian scrap metal marketplace, founded by Alexander Schlick and Jan…
- Berlin-based Tilta, a fintech company, announced that it has procured a €30M debt facility from Fasanara Capital. The company aims to use the debt facility to address the working capital gap in B2B transactions. With the debt facility, the fintech company says it is now capable of financing…
- Cambridge-based Broken String Biosciences, a genomics company focused on creating safer cell and gene therapies, announced that it has raised $15M in a Series A round of funding. The investment was co-led by Illumina Ventures and Mérieux Equity Partners, with contributions from HERAN Partners and…
- Stockholm-based VEQ, a venture capital firm, announced that it has led a 25M SEK (€2M) funding round in Sweden-based digital real estate broker and marketplace Norban. Norban has been transforming the real estate industry in the country, which has been slow to adopt digitalization. The company…
- The Netherlands-based Recrubo, a platform for recruitment professionals, announced that it has secured €600K in a Seed round of funding to commercially upscale its AI-based recruitment platform. The company specializes in optimizing the hiring process for blue-collar and service-oriented businesses…
- Technology has the potential to play a transformative role in improving healthcare and education in Africa. While Africa faces unique challenges in both these sectors, technology can offer innovative solutions to address them. Here’s a closer look at how technology can enhance healthcare and…
- Apple launched the iPhone 15 and iPhone 15 Plus, which include a new curved edge on the aluminum enclosure and an industry-first color-infused back glass with a beautiful, textured matte finish. Both devices have the Dynamic Island and cutting-edge camera technology that enable users to capture…
- Lupiya, a neobank based in Zambia, has raised US$8.25 million in Series A funding to expand into existing and potential new markets. Alitheia IDF Fund led the Series A funding round, which included major contributions from INOKS Capital SA and the German Investment Bank KfW DEG. Lupiya, a Zambian…
- Emata, the agricultural finance solution for East African farmers, has completed a $2.4 million seed fundraise, comprising $800,000 in equity and $1.6 million in on-lending capital. African Renaissance Partners, Norrsken Accelerator, Zephyr Acorn, angel investor Marcus Boström, and the…
- Mecho Autotech, a Nigerian company that offers high-quality auto components as well as car maintenance and repair services, has closed a US$2.4 million pre-Series A funding round in order to launch a B2B distribution platform for aftermarket parts. Global Brain Corporation, Ventures Platform, and…
- Following a competitive round of semi-finale business pitches and judging held on September 1 and 2 at Norrsken House in Kigali, Rwanda, the Jack Ma Foundation and Alibaba Philanthropy-sponsored Africa’s Business Heroes (ABH) Prize Competition, now in its fifth year, has announced this year’s top…
- Sehatech, an Egyptian health insurance startup, has secured a $850,000 funding round. The startup has received US$850k in funding from A15 and Beltone Venture Capital, a division of Beltone Holding Company, in order to advance its goal of using proprietary technology to digitize and automate the…
- Nestcoin, a Nigerian cryptocurrency startup, has raised a $1.9 million funding round. A global group of investors, including Adaverse, Base Ecosystem Fund, Alter Global, CMT Digital, Magic Fund, 4DX Ventures, and participating angels, joined Hashed Emergent in leading the investment round. Nestcoin…
- Cleafy, a Milanese technology company specializing in proactive fraud prevention for digital banking, has secured €10 million in funding. Cleafy has designed an innovative solution to proactively prevent online banking fraud, and ensure a safe and seamless user experience for online customers. The…
