- Zürich-based ZuriMED Technologies, a biotechnology company, announced that it has raised €15m in a Series A round of funding. The round was led by Chindex Medical Limited and was joined by Yellowstone Holding AG and a group of private investors, including prominent orthopedic surgeons from…
- Vilnius-based Cargo Stream, a logtech startup, announced that it has secured €1M in a funding round led by private equity firm LitCapital. LitCapital is an independent growth capital fund dedicated to investing in high-growth companies in the Baltic region. The Lithuanian startup says the funding…
- Sweden-based CodeScene, a SaaS company that specializes in Software Engineering Intelligence (SEI), announced that it has secured €7.5M in a round of funding led by Neqst. CodeScene CEO/co-investor Hamdija Jusufagic, Luminar Ventures, and Inventure, also participated in the round. The Swedish…
- Berlin-based SureIn, an InsurTech startup, announced that it has raised €4M in a Seed round of funding led by Pact VC. The company aims to deliver comprehensive insurance solutions for small and medium-sized businesses. SureIn says the funds will be used to expand its technical teams to enhance the…
- An international money transfer and receiving service has been announced by Airtel Africa and Mastercard for Airtel’s mobile phone users in 14 African nations. The new service is intended for the more than 100 million Airtel mobile phone users in Africa and will help strengthen the partnership…
- Grinta, a fintech-enabled B2B digital platform digitizing the pharmaceutical supply chain, has expanded its presence in the nation by purchasing Alexandria-based online pharmacy Auto-Cure. Grinta, a controlled marketplace founded in 2021 by Mohamed Azab, Yosra Badr, Ali Youssef, and Hamza Mohamed,…
- Over the next three years, Airtel Kenya expects to invest more than $150 million (KSh21.5 billion) to increase network coverage. Through a number of measures, including the addition of 649 additional network sites around Kenya, it hopes to achieve this. Ashish Malhotra, CEO of the telco, stated…
- The World Bank Group will provide $257.4 million (KSh36.8 billion) to Safaricom Ethiopia to support its greenfield telecommunications initiatives. Mobile connectivity in Ethiopia will improve as a result of this development. The International Finance Corporation (IFC) and Multilateral Investment…
- Talents Arena, an Egyptian startup in the recruitment industry, has secured $750,000 in pre-seed funding. UI Investments served as the round’s primary investor. Several angel investors from Saudi Arabia and Egypt also invested in the round. Aya Elgebeely founded Talents Arena in 2019 to…
- Buguard, an offensive security, and dark web surveillance company based in Egypt, announced that it has acquired $500,000 in seed funding to expand its staff and concentrate on product, sales, and channel affiliations. A15, the MENA venture capital firm known as one of the most well-known…
- Speedbird Aero, a Brazilian drone delivery startup located in Franca, in the interior of Sao Paulo, received a $2 million investment from MSW MultiCorp 2, a fund managed by MSW Capital, which includes Embraer, BB Seguros, Batteries Moura, and Age-Rio as investors. With this funding, the company…
- Wroclaw-based QNA Technology develops blue-light emitting, heavy metal-free quantum dots to be used in advanced display technologies. It also focuses on formulating quantum inks that contain quantum dots to enable the semiconductors to be printed on any surface. The Polish firm has raised $4…
- Delft-based Villari, a TU Delft spin-off and provider of wireless structural health monitoring technology, announced that it has secured €2.5M in a seed round of funding. Villari says the funding will facilitate its technology refinement, team expansion, market-entry, and intellectual property…
- Southampton-based Dynamon, a software company that specializes in advanced data analytics and simulation tools for transport and logistics firms, announced that it has secured £4M in a Series A round of funding. The investment came from BP Ventures, a VC firm that backs private and high-growth tech…
- Vienna-based GoStudent, an online platform that connects students to teachers in a virtual learning environment, announced that it has secured $95M in a mix of equity and debt funding. The round saw participation from Deutsche Bank, Left Lane Capital, DN Capital, Tencent, Prosus, DST, Coatue, and…
- Stockholm-based Fishbrain announced that it has raised $6M in a growth financing round co-led by Swedish venture capital fund Industrifonden and New York-based investment firm Lucerne Capital Management. The company says the funding will be used to develop new product features and enhance the…
- Germany-based energy firm Kraftblock announced that it has raised €20M in a Series B funding round. Shell Ventures, the venture capital arm of energy giant Shell, led the round with the participation of five other global investors, including Finindus and A&G Energy Transition Tech Fund. With…
- 11 of the 25 startups chosen by the Harvard Innovation Labs and Amazon Web Services (AWS) for the first NextGen Accelerator are African. Early-stage student entrepreneurs from Historically Black Colleges and Universities (HBCUs) and universities in Sub-Saharan Africa can participate in the NextGen…
- Traction, a merchant solution platform in Nigeria, received US$6 million in seed capital to fuel development, hire more people, and improve infrastructure. P1 Ventures was one of the investors in the seed round, which was co-led by Multiply Partners and Ventures Platform. Businesses can now collect…
- Mastercard has just announced a major partnership with Lipa Later, a prominent credit-focused and technology-driven financial services provider. This partnership intends to hasten the growth of Buy Now, Pay Later (BNPL) payment systems throughout Africa. The partnership’s provision of specialized…
- In collaboration with InfraCredit, FSD Africa Investments (FSDAi) has announced a £10 million (almost $13 million) investment into a ground-breaking risk-sharing backstop facility. The project aims to increase local currency funding for Nigeria’s long-term infrastructure development. The goal of…
- Entrepreneurs from all around South Africa are being encouraged to participate in the 18-month-long Tholoana enterprise program, an initiative launched by the renowned SAB Foundation and aimed at equipping entrepreneurs with the tools they need to create sustainable and successful enterprises. The…
- Remedial Health, a Nigerian e-health startup that creates solutions to increase the effectiveness of Africa’s pharmaceutical value chain, has raised $12 million in a round of equity and loan financing. The US-based venture capital firm QED Investors and Ventures Platform, the latter of which has…
- For the third edition of the Startup Wise Guys accelerator, which provides chosen B2B SaaS startups with access to EUR100,000 (US$110,000) in investment and five months of comprehensive mentoring, applications are now open. Startup Wise Guys, an organization that was founded in Tallinn, Estonia in…
- The REdimension Real Estate Technology and Sustainability Fund I, the company’s first fund, has received more than $10 million in funding from the South African venture capital firm REdimension Capital. Growthpoint Properties, Rand Merchant Bank, and Investec Property Fund took the lead in the…
- The Worldcoin cryptocurrency project’s local operations have been put on hold, according to Kenya’s interior ministry, while authorities evaluate the possible risks to the public’s safety. Sam Altman, the CEO of OpenAI, founded the initiative, which debuted last week. In some countries, users also…
- Jacaranda FM and Access Bank South Africa have partnered for Women’s Month to help professional women in South Africa perfect their “Her Perfect Pitch” and compete for a portion of R2 million in incentives. All female business owners who have operated their companies for at least a year are urged…
- Zuri Health, a Kenyan startup, has received additional funding from Five35 Ventures to enable it to expand its cutting-edge healthcare platform and help more people. Five35 Ventures is an early-stage venture capital company that invests in female-focused entrepreneurs in a variety of industries…
- The Westerwelle Young Founders Programme is now accepting applications for its latest cohort. The program provides outstanding young entrepreneurs from developing and emerging nations with six months of business coaching and a trip to Berlin to attend the Young Founder Conference. Young business…
- AfriLabs, an African hub network, has teamed up with the Office of Global Partnerships (E/GP) of the US Department of State to tackle the climate issue while promoting entrepreneurship in Africa. Through its community-focused approach, AfriLabs, which was founded in 2011, empowers and supports…
- Clafiya, a Nigerian health tech startup, has raised $610,000 in a pre-seed round of funding to help with product development and staff expansion. Investors including Norrsken Accelerator, Acquired Wisdom Fund (AWF), Hustle Fund, Voltron Capital, Microtraction, Ajim Capital, HoaQ, Bold Angel Fund…
- London-based Stylib, an architectural professional solution, announced on Friday that it has raised £1.5M in pre-seed funding led by Foundamental, a prominent global early-stage construction tech investor. Nemetschek Group and Redstone Built World Strategy also participated in the round. The…
- Spain-based Cimico, a biotechnological wastewater treatment solution for both urban and industrial environments, announced that it has secured €7M in its second round of financing. Cimico says it will use the funds for national and international expansion. The firm will continue to spend in R&D…
- Nantes-based GenSensor, a deeptech company that optimises the development and production of biomedicines, announced that it has secured €2M in a fresh round of funding. GenSensor seeks to advance the research, manufacture, and use of novel medicines by reindustrializing their production in France…
- Portugal-based Infraspeak, an Intelligent Maintenance Management Platform (IIMP), announced that it has raised €7.5M in a Series A extension round of funding from Bright Pixel. The announcement comes eighteen months after raising €10M in funding in a Series A round in October 2021. Leading the…
- Brazilian startup Turbi raised a $16.4M round led by EXT Capital, with participation from Solis Investimentos, Jive Asset Management, Banco Daycoval, TMF, and Oliveira Trust. The company will use the funds to add 1,000 new vehicles to its fleet. Turbi offers a fully digital car rental service…
- Foodology, a Colombian startup specializing in cloud kitchens and virtual restaurants, secured $17M in financing. The round included participation from Andreessen Horowitz, Chimera, Daedalus Ventures, and 30N Ventures. The capital will help Foodology solidify its leadership position in Brazil. “We…
- Kasha, a Rwandan last-mile delivery and digital retail platform for women’s health needs, raised $21 million in a Series B funding round. Knife Capital, a South African venture capital firm, took the lead in the funding round. Finnfund, Development Finance Corporation (DFC), Tim Koogle, the former…
- Applications are now being accepted for the second batch of the FAST accelerator, which was developed by Microsoft in collaboration with Flapmax to enhance and expand Africa’s digital economy. FAST Accelerator 2023 promises to provide company founders looking to scale quickly and sustainably with a…
- MyCover.ai, a Nigerian insurtech startup, has completed a US$1.25 million pre-seed funding round. Ventures Platform led the funding round, which also included Founders Factory Africa and Techstars. MyCover.ai, which was founded in 2021, is devoted to tackling the problems with the African insurance…
- Startupbootcamp AfriTech, an accelerator program, is now accepting applications for its fourth edition of the Africa Startup Initiative Program. The first pan-African startup accelerator with multiple corporate supporters, Startupbootcamp AfriTech was launched in 2017. Young businesses with ground-…
- Using the power of artificial intelligence (AI) and machine learning (ML) in the cloud, Amazon Web Services (AWS) is launching its first Global Fintech Accelerator to help fintech innovators create and launch innovative financial services products. 150 fintech startups from North America (NAMER),…
- Flash, an Egyptian cashless payment app, has secured US$6 million in a seed round in order to accelerate the development of its product. Addition led the funding round, which included Flourish Ventures and additional strategic angel investors. Flash is a payment application that offers cashless…
- Applications for the latest MINT Incubator, a program that helps startups in developing and becoming investment-ready, have been launched by EGBank and Alex Angels. Since its launch in 2018, there have been ten editions of the three-month equity-free MINT Incubator. Finance, sales, marketing,…
- Exits MENA, an Egyptian fintech investment banking platform, has raised $1.25 million in a seed round led by Silicon Valley venture company Practical VC. The funding round was led by general partners Dave McClure and Aman Verjee, Practical VC specializes in secondary market transactions, focusing…
- German maritime start-up subdron GmbH has raised a €1.3 million pre-seed funding round which was co-led by xista science ventures and Faber, from its Ocean/Climate Tech fund, with participation from Saber GmbH. Funds will enable subdron to get cracking on the development and deployment of its…
- Amsterdam-based GET Protocol, an NFT ticketing solution that bridges mainstream audiences into web3 at a large scale, announced that it has secured $4.5M in a seed round of funding. The round was led by Flow Ventures, a Dutch-based early-stage venture firm that invests in the tokenized economy that…
- The African tech industry is a dynamic and rapidly growing sector that presents both opportunities and challenges for women. By addressing the challenges and nurturing the opportunities, the African tech industry can create an inclusive environment that empowers women, fosters innovation, and…
- Accelerator Startup Wise Guys has announced that it is accepting applications for its SaaS (Software as a Service) Accelerator Program in Africa. The goal of this program is to assist local SaaS companies in becoming successful by providing them with the resources they need to overcome typical…
- Egypt, Tanzania, and Nigeria are the three African nations where Apple has said it will adjust the prices for apps and in-app purchases starting on July 25, 2023. Apple claims that this is because of tax laws, changes in foreign exchange rates, and the introduction of Value Added Tax (VAT). Both…
