- Estonia-based EV charging startup VOOL announced that it has raised an additional €1.3M, bringing its total seed funding to €7.62M to date. VOOL says the investment will be used to scale up EV charger production in its local factory to meet growing demand. It will also fund the expansion of the…
- Nijmegen-based Thirona, a company that specializes in advanced analysis of thoracic CT images with artificial intelligence (AI), announced that it has secured €7.5M in a fresh round of funding. This funding includes a €5M investment from HERAN Partners and Dutch-based Borski Fund, along with a €2.…
- Microplate Dx, a diagnostics spinout company from the University of Strathclyde in Glasgow, UK, announced that it has secured £2.5M in a seed round of funding. The company is working on a point-of-care diagnostic platform that can quickly confirm the presence of bacteria and assist doctors in…
- France-based Caeli Energie, a deeptech startup that aims to replace polluting air conditioning with low-carbon technology made in France, announced that it has raised €10M in its second round of funding. The investors in the round include Asterion Ventures, Starquest, Bpifrance, and Rise PropTech.…
- The Spanish startup Correcto has closed a €6.5 million funding round led by Octopus Ventures, Carya Venture Partner, and River Park Venture. As announced in a press release, this investment aims to propel the company to the “next level” of product development, international expansion, and team…
- iRancho, a Brazilian agtech that offers efficient technology solutions for livestock management, secured a $1.4M investment from Banco do Brasil through the CVC BB Ventures, managed by MSW Capital. The company will use the funds to modernize Brazil’s livestock industry and promote sustainable…
- The investing arm of FSD Africa, FSD Africa Investments (FSDAi), has announced additional investments totaling $19.5 million to support infrastructure projects in Africa that are climate-aligned and climate-adaptive as well as to increase the resilience of the continent to climate change. The…
- Catalyst Fund, a pre-seed venture capital fund and accelerator focused on fostering climate resilience innovation in Africa, has announced the successful first close of its targeted US$40 million fund, with over 20% committed. Investors who support Catalyst Fund’s mission to expand the reach and…
- Itana, formerly known as Talent City, a Nigerian startup, has acquired US$2 million in a pre-seed funding round to assist its efforts to create Africa’s first Digital Free Zone, which aims to improve the country’s ease-of-doing-busines index, encourage foreign direct investment, and create jobs.…
- Kotani Pay, a crypto payments startup based in Nairobi, has just closed a $2 million pre-seed funding round. DCG/Luno, Flori Ventures, and P1 Ventures were among the investors who took part in the investment round, which was led by P1 Ventures. Kotani Pay is a cryptocurrency payments firm that was…
- Anchor, a pan-African provider of banking as a service (BaaS), based in Nigeria, has raised US$2.4 million in a seed funding round to launch new products, improve its infrastructure for licensing and compliance, and assess potential growth markets. The platform was launched in August 2022, It …
- FlexPay, an innovative Kenyan fintech has received funding from Renew Capital Angels. Customers can use FlexPay’s “save now, buy later” platform to build up personal savings objectives and buy things over time, interest-free. They work with merchants to offer flexible payment choices for high-value…
- Moove, a mobility fintech startup based in Nigeria and Uber’s largest vehicle supply partner in EMEA, just announced an additional US$76 million in funding to support the company’s global expansion. The investment round comprises US$38 million in previously undiscovered funding raised over the…
- Based in Minas Gerais, the foodtech startup Nuu has successfully raised $4 million in a funding round to scale the distribution of their carbon-neutral food products made from cassava, a staple root vegetable in Brazil and South America. EcoEnterprise Fund led the round and featured contributions…
- Helsinki-based Measurlabs, a company that provides laboratory analysis and testing services to help researchers, quality assurance, and R&D professionals, announced that it has raised €2.5M in a seed round of funding. The round was led by VentureFriends and joined by existing investors Lifeline…
- Ireland-based Solar-as-a-Service provider UrbanVolt announced that it has raised €26M from Verdane, a European growth investor. The company says that the partnership will drive its expansion in Ireland and the UK, as well as push into new European markets. UrbanVolt has raised over €200 million in…
- The first of its kind for Uber in Africa, the debut of Electric Boda in Kenya marks an important step forward in the development of environmentally friendly transportation across the continent. With the introduction of electric motorcycles, the country’s transition to a greener economy now has a…
- MEST Africa has announced the launch of the fifth edition of the MEST Africa Challenge, with the winner receiving $50,000 in equity capital, international recognition, and membership in MEST Africa’s lifelong supportive community. The MEST Africa Challenge (MAC) is a Pan-African pitch competition…
- IFC, a unit of the World Bank, has started accepting applications for its She Wins Africa program, which intends to provide networking opportunities, training, mentoring, and guidance to help up to 5,000 women-led enterprises flourish. She Wins Africa is accessible to female-led startups and…
- Google for Startups Accelerator: AI First, a program that supports African startups intending to apply artificial intelligence to address regional issues, is now accepting applications. The most recent Google for Startups program in Africa acknowledges the revolutionary role AI is playing on a…
- LemFi, a global fintech platform revolutionizing the financial services for immigrants, has raised a $33 million Series A funding round led by Left Lane Capital. Y-Combinator, Zrosk, Global Founders Capital, and Olive Tree were among the other investors. In 2020, founders Ridwan Olalere and Rian…
- Lincolnshire, UK-based FruitCast, a startup that offers yield forecasting services for soft-fruit growers, announced that it has secured £2.8M in a fresh round of funding. In 2022, Ceres Agritech provided £520K in initial funding to FruitCast to create the tool and assemble a team of research…
- Gothenburg-based Adsorbi, a startup that is developing bio-based materials for air pollutant and odour removal, announced that it has secured €360K in a seed round of funding from Metsä Spring, Chalmers Ventures, and Jovitech Invest. The company says the funding will be used to further research…
- Oslo-based Gire Mobility, a B2B marketplace for flexible on-demand car transportation, announced that it has secured NOK 20M (approximately €1.7M) in a new funding round led by Schibsted Ventures with Møller Mobility Group and Semler Mobility. Out of the total, Schibsted Ventures invested NOK 10M,…
- Helsinki-based SaaS startup Videobot announced that it has secured €2M in a seed round of funding from Superhero Capital, Expon Capital Digital Tech Fund, and angel investors Urban Gillstrom and Ari Korhonen. The Finnish company says it will use the funds to accelerate its growth, especially in…
- Rotterdam-based Valyuu, a circular platform for pre-owned electronics, announced that it has secured €2.4M in a fresh funding round led by Rubio Impact Ventures and Slingshot Ventures. Other participating investors include US-based Techstars, Golden Egg Check Capital, and several angel investors.…
- Sweden-based Novatron Fusion Group, a company focused on fusion energy, announced that it has raised €5M in a seed round of funding led by Climentum Capital. The round also saw participation from Industrifonden, Santander InnoEnergy Climate Fund, and existing investors KTH Holding and EIT…
- Devolut, a startup focused on streamlining the returns process for online sellers in Latin America, has secured USD $600,000 in a pre-seed financing round. Various investment firms, including Seedstars International Ventures and FJ Labs, back the initiative. The company aims to simplify returns in…
- Leadsales, a Mexican tech startup, raised USD $3.7 million in an initial funding round led by Ulu Ventures and Blue Pointe Ventures. The funding will be used for new hires and to expand into the Brazilian market, where WhatsApp is highly popular. The company focuses on offering a unique way to…
- Diversity and inclusion are of paramount importance in the African tech industry for several compelling reasons. By actively promoting diversity and inclusion, the African tech industry can harness its full potential, drive innovation, and contribute to sustainable economic growth and social…
- The first international AWS Skills Center was launched by Amazon Web Services (AWS) in Cape Town, South Africa, as part of its ongoing effort to lower the barriers to enrollment in cloud skills training. In addition to sites in Seattle and Arlington, Virginia, Cape Town is the third AWS Skills…
- The Green Entrepreneurship Programme has been launched by the Tony Elumelu Foundation in partnership with UNICEF Generation Unlimited (GenU), the IKEA Foundation, and Young Green Entrepreneurs in order to address the high rate of youth unemployment in Africa. The Tony Elumelu Foundation’s digital…
- Zanifu, a Kenyan fintech startup, has raised $11.2 million in debt and equity funding in pre-Series A funding. With participation from Launch Africa, Founders Factory Africa, AAIC Investment, Google Black Founders Fund, and other investors, the round was led by Beyond Capital Ventures and Variant…
- Autolab, a trailblazer providing management software to car service facilities, has successfully raised USD $4.1 million in a funding round. Vertical Venture Partners and Haven Ventures led the round, which also saw participation from Interplay, Bullpen Capital, Proeza Ventures, and Polymath…
- Turku-based Comptek Solutions, a Finnish company boosting the efficiency of compound semiconductor devices, announced that it has secured €8M in a Series A round of funding. The investment came from a key strategic partner in the consumer electronics industry, the Horizon Europe EIC Fund, and LIFTT…
- Norway-based Remora Robotics, a company that specializes in aquaculture robotics, announced that it has secured approximately €2.5M in a fresh round of funding led by Grieg Kapital and Momentum. The company says it will use the funds to enhance its autonomous net cleaning technology. Remora…
- Frankfurt-based leonardo impact, an impact measurement startup, announced that it has raised €555K in a pre-seed funding round. The round was led by Beteiligungs-Managementgesellschaft Hessen (BMH), a local Hessen-based investor. In addition to BMH, the German startup also secured the support of…
- Dublin-based Ocuco, a specialist eyecare software partner, announced on Thursday, August 17, that it has secured €60M in a growth equity investment from Accel-KKR, a US-based tech-focused private equity firm. Ocuco says the investment will support the development of its cloud-based software, …
- London-based Borderless, a workforce migration platform, reportedly announced that it has secured £2.5M in a Seed round of funding. The company uses technology to simplify international relocation. It offers automated location recommendations, streamlined visa processing, and comprehensive…
- Ukrainian medtech startup DrugCards, a company that aims to provide pharmaceutical companies with “unparalleled insights” into products’ safety, announced that it had secured funding from New Nordic Ventures. While the funding amount has not been disclosed, DrugCards notes that this collaboration…
- According to Google officials for Africa, the company intends to train 20,000 women and young people in Nigeria in digital skills and provide a $1.6 million grant to assist the government in creating one million digital employment in the nation. According to Olumide Balogun, the director of Google…
- The launch of Safaricom’s M-Pesa mobile money service in Ethiopia is a boon for the Kenyan telecoms operator, which is trying to jumpstart its expansion in one of the continent’s economies with the help of Ethiopia. After a few months of pilot testing, the operator was granted a license from the…
- Oyster Agribusiness in Ghana has raised US$310,000 in grant and debt financing in order to advance its mission of sustainable agriculture, gender inclusion, and talent management. Oyster Agribusiness uses high levels of technology and closely collaborates with smallholder farmers. Root Capital, a…
- Founders Factory Africa has raised an additional $114 million to expand its approach and better serve entrepreneurs in Africa’s technology sector. Following earlier investments made into Founders Factory Africa by Standard Bank, Small Foundation, and Netcare, the Johnson & Johnson Foundation…
- Code Cash Crop 4.0, the fourth annual ag-hackathon hosted by AFEX, the continent’s largest participant in the commodities market, aims to harness the convergence of technology, finance, and agriculture and provide a venue for young tech enthusiasts to develop workable solutions. In order to…
- Following the announcement that Mastercard has agreed to purchase a minority stake in the financial-technology division of MTN Group Ltd., the largest wireless carrier in Africa, the stock of the telecom company has increased by the highest it has in the past three months. When the purchase…
- Ed Partners, a startup based in Kenya, has received $1.5 million in debt funding from Oikocredit, an investor in social impact, in order to offer private schools more reasonable financing options. Ed Partners, which was founded in 2018 by Lydia Koros and David FitzHerbert and is now run by CEO…
- Oslo-based DeckMatch is matching decent pitch decks with VC using an AI-powered platform. Taking the grunt work out of sifting through hundreds of start-up pitch decks, Leo Gasteen and Walid Mustapha’s solution evaluates start-up pitch decks for the stage, sector, and model of a business, the…
- Stuttgart-based Sereact, a provider of AI-powered robotics solutions for autonomous warehouses, announced that it has secured $5M in a Seed round of funding. Sereact says it will use the funds to expand its workforce and support the development and international roll-out of PickGPT. PickGPT is a…
- Oslo-based Pistachio (formerly CYBR), a cybersecurity training platform empowering individuals and organizations to stay safe in the digital world, announced that it has secured €3.25M in a fresh round of funding. The round was led by Berlin-based Signals Venture Capital. The investor group is made…
