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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 1492271 | Tags:

Autochek acquires Morocco’s automotive tech startup KIFAL Auto to drive North Africa expansion
Published: 20-05-2022 | 11:47:00 | By: Pie Kamau
Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of KIFAL Auto, a Moroccan automotive technology startup, to drive its expansion into North Africa.


Fintech startup MooveBeta merges with ImpalaPay to provide a connected economy for Africa
Published: 20-05-2022 | 11:30:30 | By: Pie Kamau
Adanian Labs Africa incubated fintech startup MooveBeta has announced its merger with ImpalaPay, a fintech blockchain company with operations across 42 African countries and 134 worldwide.


Kenyan healthtech startup Zuri raises $1.3m to expand across Africa
Published: 20-05-2022 | 11:18:00 | By: Pie Kamau
Kenyan healthtech startup Zuri Health has raised $1.3 million in funding to expand across Africa. The startup which offers mobile-based healthcare attracted investment from DOB Equity, Launch Africa and Founders Factory Africa.


Finnish tech startup Bob W acquires Estonian competitor Estonishing Stay to expand its holiday rental platform
Published: 18-05-2022 | 14:26:43 | By: Pie Kamau
Bob W has acquired Estonia’s largest short-stay serviced apartment operator, Estonishing Stay Apartments, tripling Bob W's coverage in Estonia.


FNB announces $2.5m commitment to Black Tech Nation Ventures to fund Black-led technology startups
Published: 18-05-2022 | 13:46:00 | By: Pie Kamau
F.N.B. Corporation announced it is making a $2.5 million equity commitment to Black Tech Nation Ventures (BTN.vc), a majority Black-owned venture capital fund based in Pittsburgh, PA.


HealthQuest Capital closes $675m for Fund IV to invest in growth-stage healthtech startups
Published: 18-05-2022 | 13:35:00 | By: Pie Kamau
HealthQuest Capital, a sector specialist capital firm focused on companies optimizing value in healthcare, announced the close of HealthQuest Partners IV, L.P., at its hard cap of $675 million.


Banking-as-a-Service startup Unit raises $100m Series C round to accelerate product development
Published: 18-05-2022 | 13:05:00 | By: Pie Kamau
Unit, the banking-as-a-service platform that empowers companies to embed financial services in their products, announced it has raised a $100 million in a Series C round led by global software investor Insight Partners.


Construction tech startup Dibbs opens bidding app to disrupt the construction industry in Massachusetts
Published: 18-05-2022 | 12:49:00 | By: Pie Kamau
Construction technology startup Dibbs, announced the expansion of its iOS app to Massachusetts, to expand its marketplace in the area.


A.Team comes out of stealth with $60m funding to rethink tech's talent crisis
Published: 17-05-2022 | 14:59:00 | By: Pie Kamau
A.Team, the first members-only network of the world's top product builders, came out of stealth mode and announced a $55 million Series A financing round co-led by Tiger Global Management, Insight Partners and Spruce Capital Partners.


SaaS solution startup LucidLink raises $20m Series B to solve remote collaboration challenges for global creative teams
Published: 17-05-2022 | 14:40:00 | By: Pie Kamau
LucidLink, an innovative SaaS solution connecting creative teams around the world, announced it has raised $20 million in funding from investors in its Series B funding round.


Very Good Ventures raises $3m Series A funding to further scale rapidly growing flutter practice
Published: 17-05-2022 | 14:28:00 | By: Pie Kamau
Very Good Ventures, the Flutter app development consultancy, announced a $3 million in Series A funding from Celesta Capital to help drive rapid growth, make key hires, and expand the quality of the Flutter development ecosystem.


Habitat for Humanity launches ShelterTech accelerator seeking affordable housing innovations in sub-Saharan Africa
Published: 17-05-2022 | 13:22:15 | By: Pie Kamau
Global nonprofit organization Habitat for Humanity has opened applications for the ShelterTech sub-Saharan Africa accelerator program.


CMS startup Storyblok raises $47m Series B to make headless content management the new standard
Published: 17-05-2022 | 12:29:00 | By: Pie Kamau
Storyblok, an enterprise headless content management system (CMS) that enables developers and marketers to deliver powerful content experiences on any digital platform, announced the close of its $47 million Series B financing.


Israeli agritech startup Seed-X partners with Advanta Seeds to improve seed lot quality
Published: 16-05-2022 | 14:33:00 | By: Pie Kamau
Seed-X, an innovative AI-driven Agritech company, and Advanta Seeds, a UPL group company, are joining forces to apply new technology in seed processing.


Pan-African VC firm Ventures Platform appoints Dotun Olowoporoku as new Venture Partner
Published: 16-05-2022 | 13:47:36 | By: Pie Kamau
Pan-African VC firm, Ventures Platform has appointed Dotun Olowoporoku as the new Venture Partner. The appointment comes less than 6 months after the firm closed its $40 million fund.


Security startup StackHawk raises $20.7m Series B funding for developer-first application and API security testing
Published: 16-05-2022 | 13:33:00 | By: Pie Kamau
StackHawk, the company making application security testing part of software delivery, has secured $20.7 million in capital co-led by Sapphire and Costanoa Ventures.


AI gaming startup Sizzle.gg raises $5m seed round for expansion
Published: 16-05-2022 | 12:59:00 | By: Pie Kamau
Sizzle.gg, an AI-driven patented platform that creates automatic and personalized highlights for esports leagues and teams, video game streamers and more, has raised $5 million in a seed funding round.


Gaming startup StartPlaying raises $6.5m seed funding to scale growth
Published: 16-05-2022 | 12:24:00 | By: Pie Kamau
StartPlaying, the online platform to find tabletop role-playing games and professional Game Masters, announced a $6.5 million seed round led by venture capital firm Andreessen Horowitz general partners Jonathan Lai and Andrew Chen.


Contract management startup Evisort raises $100m funding to enhance customer experience, accelerate growth
Published: 13-05-2022 | 14:18:00 | By: Pie Kamau
Evisort, the no-code contract intelligence platform loved by legal, procurement, and sales operations teams worldwide, announced it has raised $100 million in capital.


Handspring launches with $6.2m seed financing to make mental healthcare accessible to children and families
Published: 13-05-2022 | 13:55:00 | By: Pie Kamau
Handspring announced the closing of its $6.2 million seed round to further its mission of making quality mental healthcare accessible to all families.


e-Logistics startup Truckbook raises $3m seed funding to revolutionize the trucking industry
Published: 13-05-2022 | 13:21:00 | By: Pie Kamau
Truckbook, a virtual trucking platform providing a suite of solutions for owner-operators, announced it has raised $3 million in Seed funding from Sacramento-based venture capital firm Moneta Ventures.


Fintech startup GravyStack raises $5.2m to launch gamified financial literacy banking platform for kids & teens
Published: 13-05-2022 | 12:47:00 | By: Pie Kamau
Serial entrepreneurs Scott Donnell and Travis Adams have raised a $5.2 million seed round led by Altrus Capital and a pool of private investors to launch the GravyStack financial literacy app.


Raytheon Technologies venture capital group invests in Hermeus to accelerate air travel
Published: 13-05-2022 | 11:29:00 | By: Pie Kamau
Raytheon Technologies announced a strategic investment in Hermeus Corporation, a company developing hypersonic aircraft for defense and commercial applications, through its newly established corporate venture capital group, RTX Ventures.


realme addresses internet coverage gap with affordable smartphones
Published: 12-05-2022 | 11:00:00 | By: Bob Koigi
Phone manufacturer realme has captured the Kenyan market by making smartphones affordable hence closing a widening internet coverage gap, despite huge investments in high-speed internet across Africa.


Fintech startup BridgerPay raises $6m seed round for self-onboarding payment operations platform
Published: 11-05-2022 | 13:45:00 | By: Pie Kamau
BridgerPay, a Limassol, Cyprus-based payment operations platform provider, raised $6 million in seed (equity and secondary) funding, to build the world's first self-onboarding payment operations platform.


Dough Ecommerce Capital partners with Byrne Capital to scale DTC businesses online
Published: 11-05-2022 | 13:03:00 | By: Pie Kamau
Dough Ecommerce Capital and Byrne Capital Ventures announced a strategic partnership to invest in and acquire direct-to-consumer (DTC) ecommerce businesses.


Foodtech startup Haofood partners Lawson to accelerate presence in China
Published: 11-05-2022 | 12:30:00 | By: Pie Kamau
Haofood, a food science and technology startup announced a new partnership with Chinese convenience store Lawson where customers will gain greater access to its products.


Salaries for startup CEOs break records, Kruze Consulting
Published: 11-05-2022 | 11:26:00 | By: Pie Kamau
Kruze Consulting, a CPA and finance consulting company for VC-backed startups, released new data on the average salary for startup CEOs.


CE-Creates merges with hatch & boost in MENA's first venture-builder merger for startups
Published: 11-05-2022 | 11:25:37 | By: Pie Kamau
CE-Creates, the business incubation platform of Crescent Enterprises, has completed the merger of its portfolio of startups with hatch & boost, an Abu Dhabi-based venture-builder dedicated to ‘hatching’ startup ideas.


e-Commerce startup byrd raises $56m Series C to become Europe-wide standard for next-day delivery
Published: 10-05-2022 | 11:07:00 | By: Pie Kamau
e-Commerce fulfillment technology startup byrd has raised a Series C round of $56 million, bringing the funding raised within the last 10 months to $75 million.


Biotech startup AskGene completes of $20m Series A financing to accelerate growth
Published: 10-05-2022 | 10:45:00 | By: Pie Kamau
AskGene, a clinical-stage biopharmaceutical company focusing on discovery and development of innovative biological drugs, announced the completion of $20 million in Series A financing.


Dragonfly Capital closes oversubscribed $650m crypto venture Fund III
Published: 10-05-2022 | 10:09:00 | By: Pie Kamau
Dragonfly Capital, a global crypto-focused investment firm, announced the final closing of its third venture fund, Dragonfly Ventures III, L.P. (Fund III).


Microsoft selects Solstar Space as Microsoft for Startups partner
Published: 10-05-2022 | 10:01:22 | By: Pie Kamau
Solstar Space (Solstar), the company making persistent in-orbit communications available, announced Microsoft has selected Solstar as a Microsoft for Startups partner.


South African gold startup Nebü Gold develops a gold bullion investment you can wear
Published: 10-05-2022 | 09:44:00 | By: Pie Kamau
South African gold startup Nebü Gold, is the first African jeweller to give bullion investors the option of wearing elegant 24-karat investment-grade jewellery.


Nigerian retail tech startup TradeDepot appoints Chidi Akubuiro as Managing Director for West Africa
Published: 10-05-2022 | 09:32:00 | By: Pie Kamau
TradeDepot, a B2B e-Commerce and embedded finance platform in Africa, has appointed former Coca Cola HBC and Hayat Kimya Nigeria Executive, Chidi Akubuiro as its Managing Director for West Africa.


[Column] Berenice Chassagne: Engaged Employee Experience: Balancing human and technology
Published: 09-05-2022 | 13:34:07 | By: Bob Koigi
​​​​​​​Employee engagement is a key driver of the overall performance of a business.


Xerys injects additional $25m capital in French healthtech startup Biolog-id to boost global expansion
Published: 09-05-2022 | 11:06:00 | By: Pie Kamau
Xerys Invest, a private equity firm focused on health, life sciences, renewable energy and greentech, announces an additional investment of $25 million in Biolog-id, a provider of digital health solutions focused on the optimization of the value chain.


Healthtech startup HealthBeats raises $3m seed funding to expand remote vitals monitoring in Australia and Singapore
Published: 09-05-2022 | 10:42:00 | By: Pie Kamau
HealthBeats, a Singapore-based healthtech startup with end-to-end remote vitals monitoring solution, announced the closing of $3 million Seed round led by healthcare investor Heritas Capital.


Privacy-focused data-generation startup Kahoona raises $4.5m seed round to accelerate growth
Published: 09-05-2022 | 10:28:00 | By: Pie Kamau
Kahoona Inc., a first-party data generation and activation technology for the open web aimed at creating a digital ecosystem that preserves user privacy, announced it has closed $4.5 million in Series Seed financing.


London-based Bundlr Network raises $5.2m seed round to build an easier, faster way to store data on web3
Published: 09-05-2022 | 10:16:00 | By: Pie Kamau
Bundlr Network, a decentralized platform that makes it fast and easy to store data on web3, has raised a $5.2 million seed round co-led by Framework Ventures.


Food tech startup Tomorrow Farms raises $8.5m seed round to fuel sustainable food revolution
Published: 09-05-2022 | 10:05:00 | By: Pie Kamau
Tomorrow Farms, a food technology company on a mission to fuel the sustainable food revolution with irresistible food and beverage brands, announced a $8.5 million seed round led by Lowercarbon Capital and additional key investors.


Danish startup Januar raises €6m to provide crypto gate for Europe
Published: 06-05-2022 | 09:39:00 | By: Pie Kamau
Danish startup Januar ApS, announced the closing of €6 million round to become the leading one-stop crypto gate for European businesses, serving the growing crypto and digital asset industry with a market cap of $2 trillion.


Digital investment platform Allocate announces $15.3m Series A funding to expand access to venture capital investing
Published: 06-05-2022 | 09:20:00 | By: Pie Kamau
Allocate, a digital investment platform that provides investors a streamlined way to access top-tier venture funds and co-investments, announced a $15.3 million Series A funding round.


Radisson Hotel Group partners with Plug and Play to accelerate its innovation capabilities for future travel technologies and solutions
Published: 06-05-2022 | 09:07:00 | By: Pie Kamau
Radisson Hotel Group announced its partnership with Plug and Play's Travel & Hospitality program, to strengthen its connections with selected startups, enabling the company to accelerate its innovation.


South African fintech firm Hello Pay launches new mPOS device for SMEs
Published: 06-05-2022 | 08:48:00 | By: Pie Kamau
South African fintech firm Hello Pay has launched a new high-end Android Mobile point-of-sale solutions (mPOS) for local merchants and SMEs.


Kenyan healthtech startup Zuri launches Whatsapp chatbot to democratize access to healthcare
Published: 06-05-2022 | 08:36:00 | By: Pie Kamau
Kenyan healthtech startup Zuri Health has launched a WhatsApp chatbot for its users across the country.


Nigerian trade tech firm Norebase raises $1m pre-seed round to scale African growth
Published: 06-05-2022 | 08:27:00 | By: Pie Kamau
Norebase, a Nigeria-based trade technology firm announced it has secured $1 million pre-seed funding round, co-led by Samurai Incubate and Consonance Investment.


Cipio Partners unveils €202m fund to back growth-stage technology companies in Europe
Published: 04-05-2022 | 14:23:00 | By: Pie Kamau
Cipio Partners, an investor in European growth stage technology firms, has closed its latest fund, Cipio Partners Fund VIII, with €202 million in commitments.


Viva Technology, IFC announce 45 emerging African startups to compete for the 2022 AfricaTech Awards
Published: 04-05-2022 | 13:58:00 | By: Pie Kamau
Viva Technology and the International Finance Corporation (IFC), announced the top 45 startups that have been long-listed for the first edition of the AfricaTech Awards.


Lithuanian fintech startup kevin. secures $65m to disrupt payments sector, unlock open banking
Published: 04-05-2022 | 13:39:00 | By: Pie Kamau
kevin., the Lithuanian fintech startup providing an advanced A2A (account-to-account) payment infrastructure to replace costly card transactions, announced it has secured $65 million in Series A funding.


Competency analytics startup Claira raises $3.5m to optimize human capital
Published: 04-05-2022 | 13:04:00 | By: Pie Kamau
Claira, the competency analytics engine, announced it has closed a $3.5 million Seed round led by Heartland Ventures, with participation from Trend Forward Capital, Connetic Ventures, Invest Detroit Ventures, and Northern Michigan Angels.


High-speed package inspection startup Spectrohm raises $2m seed funding to transform security screening
Published: 04-05-2022 | 12:56:00 | By: Pie Kamau
Spectrohm, a company building next-generation inspection solutions for mail and packages, announced it closed $2.0 million in seed funding.


Golden Gate Ventures announces first Entrepreneur in Residence, deepens portfolio growth strategy for 1.5 - 2nd generation founders
Published: 04-05-2022 | 12:04:00 | By: Pie Kamau
Golden Gate Ventures, a venture capital fund in Southeast Asia founded by Silicon Valley natives, announced its first Entrepreneur in Residence, Tiago Costa Alves.


Breakthrough Properties raises $3b to develop next-gen life science ecosystems
Published: 03-05-2022 | 16:46:00 | By: Pie Kamau
Breakthrough Properties, a joint venture of Tishman Speyer and Bellco Capital, announced the final closings for the Breakthrough Life Science Property Fund.


The Home Depot announces $150m venture capital fund to fuel innovation in retail and home improvement
Published: 03-05-2022 | 16:28:00 | By: Pie Kamau
The Home Depot announced Home Depot Ventures, a $150 million venture capital fund created to identify, fund and partner with early-stage companies to accelerate emerging technologies.


Career progression startup Pando raises $6.9m to give employees control over their career paths
Published: 03-05-2022 | 14:42:00 | By: Pie Kamau
Pando, the just-in-time career progression platform, announced it has raised a total of $6.9 million led by Craft Ventures.


Capable Health startup raises $6m to underpin next revolution in the U.S. healthcare
Published: 03-05-2022 | 14:21:00 | By: Pie Kamau
Healthcare infrastructure company Capable Health announced it has raised $6 million in seed funding led by M13, with participation from AlleyCorp and Able Partners.


Glovo announces winners of its tech startup pitch competition in Kenya
Published: 03-05-2022 | 13:46:00 | By: Pie Kamau
On-demand delivery platform Glovo has announced the winners of its tech startup pitch competition in Kenya.


Kenyan farmer finds fortunes in herbs farming
Published: 02-05-2022 | 13:15:00 | By: Bob Koigi
The herbs and spices farming has captured international markets while creating a new age farming renaissance in an area that has traditionally been synonymous with farming of traditional low yielding crops.


January Ventures closes $21m Fund II to invest in formation stage B2B software startups
Published: 29-04-2022 | 14:20:00 | By: Pie Kamau
January Ventures announced an oversubscribed $21 million Fund II to continue investing in formation stage B2B software startups.


The Batchery announces14th batch of founders to join its startup accelerator
Published: 29-04-2022 | 14:06:00 | By: Pie Kamau
The Batchery, the Berkeley-based incubator that has built an entrepreneurial ecosystem for investors and startups from around the world, announced that 12 early-stage startups have joined its accelerator program.


Logistics startup Swvl acquires Volt Lines, enters European market
Published: 29-04-2022 | 13:57:00 | By: Pie Kamau
Swvl Holdings, a global provider of transformative tech-enabled mass transit solutions announced a definitive agreement to acquire Volt Lines, a Turkey-based B2B and Transport as a Service mobility business.


African B2B marketplace Kwely nabs $1m seed round to accelerate growth
Published: 29-04-2022 | 13:52:00 | By: Pie Kamau
African B2B marketplace Kwely finalized a $1 million seed funding round with a $700,000 injection of fresh capital led by WIC Capital with participation from Loftyinc Capital, Afropreneur Angels, Haskè Ventures and other angel investors.


CcHUB, Google unveil 9 startups selected for the Fintech Incubation Programme
Published: 29-04-2022 | 13:42:00 | By: Pie Kamau
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) in collaboration with Google, Ministry of ICT and Innovation Rwanda, and Mojaloop Foundation, announced the nine startups selected for the Fintech Incubation Programme


Estonian e-Store startup Upty acquires Finnish peer Rekki, opens up seed round
Published: 26-04-2022 | 13:18:00 | By: Pie Kamau
Estonian startup Upty, the resale e-Store in the Baltic region, announced the acquisition of its Finnish peer, Rekki. In addition, Upty is planning to kick-start the fundraising in the coming months in order to pursue the Company's accelerated expansion across Europe.


Athletes, artists digital platform Vaunt raises $5m Series A funding to accelerate growth
Published: 26-04-2022 | 12:38:00 | By: Pie Kamau
Vaunt, a platform for athletes and artists to monetize their talents and stream globally for live and digital viewers, announced a $5 million Series A funding round to elevate the brand and potential of the business to the next level.


Austin entrepreneurs launch new crypto cybersecurity startup, CryptoArmor
Published: 26-04-2022 | 12:22:00 | By: Pie Kamau
Austin-based entrepreneurs Grant Mitterlehner and Brendon Kelley are together forming a new startup, CryptoArmor, to build security tailored for crypto, NFT, and metaverse companies.


Japanese healthtech startup Ubie launches AI-powered symptom checker in the U.S.
Published: 26-04-2022 | 12:11:00 | By: Pie Kamau
Ubie, Inc., a healthcare AI startup with the mission to develop a healthcare guide for everyone, has launched in the United States an AI-powered symptom checker that allows users to enter symptoms and discover related diseases.


Insurtech startup ETAP secures $1.5m pre-seed funding to drive car insurance penetration in Africa
Published: 26-04-2022 | 11:55:00 | By: Pie Kamau
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa.


UPSIDE Foods raises a $400m Series C round to commercialize cultivated meat at scale
Published: 25-04-2022 | 14:16:00 | By: Pie Kamau
UPSIDE Foods (formerly Memphis Meats), the company in the cultivated meat, poultry, and seafood industry, announced the close of a $400 million Series C funding round, the largest round in the industry to date.


French AI startup Kryptview raises $650k in pre-seed to develop community-driven crypto research platform
Published: 25-04-2022 | 13:48:00 | By: Pie Kamau
Kryptview, a collective intelligence platform that provides peer-reviewed research for digital assets, announced the closure of its pre-seed round, raising $650,000 from crypto technology companies.


AI startup GridMatrix raises $3.5m seed round to grow its proprietary cloud architecture platform
Published: 25-04-2022 | 13:16:00 | By: Pie Kamau
GridMatrix announced it has raised $3.5 million in seed funding in a round co-led by 8VC and Cota Capital, with participation from Alumni Ventures Group.


Dutch medtech startup STENTiT raises €1.8m seed round to accelerate growth
Published: 25-04-2022 | 13:01:00 | By: Pie Kamau
STENTiT, a medical device company bringing a novel class of regenerative endovascular implants for the treatment of cardiovascular diseases, closed €1.8 million seed investment round.


Huobi Incubator partners with Celo to promote Stablecoins for the masses
Published: 25-04-2022 | 12:50:00 | By: Pie Kamau
Huobi Incubator, the project incubation arm of Huobi Global, announced it will co-host Celo x Huobi: Stablecoin in Web3 & Sustainability hackathon with Celo.


Solana-based DeFi startup Delta One raises $9.1m to build 'set-and-forget' yield farming protocol
Published: 22-04-2022 | 14:37:00 | By: Pie Kamau
Delta One, a Solana-based DeFi protocol, announced it raised $9.1 million seed round led by Alameda Research and Ship Capital, with participation from Solana Ventures.


Briya Emerges from stealth with seed funding to revolutionize healthcare through blockchain powered research
Published: 22-04-2022 | 14:22:00 | By: Pie Kamau
Briya, a disruptive healthcare data exchange network, announced it has completed a $5.5 million seed round led by Amiti Ventures.


Plant-based meat startup Nowadays closes $7m seed round to accelerate health-focused chicken
Published: 22-04-2022 | 14:09:00 | By: Pie Kamau
Health-focused plant-based meat company Nowadays closed its oversubscribed Seed round, raising just shy of $10 million to-date to support commercialization of new plant-based chicken innovation.


TDK Ventures joins forces with VueReal to accelerate microprinting for microLED
Published: 22-04-2022 | 13:39:00 | By: Pie Kamau
TDK Corporation announced that subsidiary TDK Ventures, has invested in microLED developer VueReal Inc. to accelerate and develop their microprinting manufacturing process.


South Korean medical AI startup Lunit gets preliminary approval to go public on KOSDAQ
Published: 22-04-2022 | 13:32:23 | By: Pie Kamau
Lunit, a medical AI provider, announced a preliminary approval from the Korea Exchange for initial public offering (IPO) on the KOSDAQ market.


Phyto Partners launches neurowellness-focused venture capital fund
Published: 21-04-2022 | 13:06:00 | By: Pie Kamau
Phyto Partners (Phyto), a top venture capital fund, is launching its fourth private equity fund – Phyto IV, LP – focused on businesses operating in and around neurowellness and brain health.


AI startup Nuclia raises $5.4m seed funding to advance AI-powered search, releases open source NucliaDB
Published: 21-04-2022 | 11:52:00 | By: Pie Kamau
Nuclia, the pioneer in AI-powered search that is changing how humans access and discover meaningful data, announced it has raised $5.4 million in its seed round led by Crane Venture Partners and Ealai.


SAP.iO launches Resilient Supply Chain startup program in collaboration with Accenture
Published: 21-04-2022 | 11:37:00 | By: Pie Kamau
SAP SE announced the launch of a virtual startup program focused on building a resilient supply chain at the SAP.iO Foundries Munich and Tel Aviv.


Kenyan electric vehicle startup Opibus rebrands to ROAM
Published: 21-04-2022 | 11:22:00 | By: Pie Kamau
Kenya’s leading electric vehicle (EV) maker Opibus has changed its name to ROAM. The company was among the earliest entrants into the local electric vehicle manufacturing sector.


IFC invests in Algebra Ventures to support Egyptian tech startups, drive innovation
Published: 21-04-2022 | 11:18:00 | By: Pie Kamau
To support tech startups with access to finance and drive innovation and job creation primarily in Egypt, IFC announced an investment in the second fund from venture capital firm Algebra Ventures.


Vietnam-based sustainability startup EQUO raises $1.3m for eco-friendly options
Published: 20-04-2022 | 14:12:00 | By: Pie Kamau
Vietnam-based sustainability company, EQUO, has raised $1.3 million in seed funding. Leading the seed round is NextGen Ventures with participation from Techstars and East Ventures.


Blockchain data startup Transpose raises $3m seed round to revolutionize web3 data infrastructure
Published: 20-04-2022 | 13:53:00 | By: Pie Kamau
Blockchain data startup Transpose, whose ground-breaking suite of data APIs vastly simplifies bulk web3 data access, announced an oversubscribed $3 million seed round.


Plug and Play launches $25.5m Supply Chain Fund
Published: 20-04-2022 | 13:41:00 | By: Pie Kamau
The Plug and Play's Supply Chain Innovation Platform announced the closing of Plug and Play Supply Chain Fund I, L.P., a $25.5 million venture capital fund focusing on investments across the end-to-end supply chain.


UK-based fintech startup Paysend opens Americas headquarters in Miami
Published: 20-04-2022 | 13:19:49 | By: Pie Kamau
Paysend, the UK-based fintech with over 6.5 million customers, announced the opening of its Americas headquarters in Miami.


Startups increasingly use memorable, key-word rich descriptive domain names to stand out from competitors, study
Published: 20-04-2022 | 13:06:00 | By: Pie Kamau
TrueName, a global leader in descriptive domains, announced that more startups are choosing descriptive domains than in previous years per recent data by Marc Köhlbrugge.


Belgian tech startup Kpler attracts over $200m strategic growth investment
Published: 14-04-2022 | 12:34:00 | By: Pie Kamau
Kpler, the of technology-led data, analytics, and market insight, announced it has agreed on a strategic growth investment led by Five Arrows and Insight Partners.


9am.health startup raises $16m Series A to build a comprehensive virtual diabetes destination
Published: 14-04-2022 | 12:04:00 | By: Pie Kamau
9am.health, a virtual diabetes clinic that delivers personalized, affordable, and compassionate care directly to consumers, announced a $16 million Series A funding round, bringing its total funding to date to nearly $20 million.


U.S. insurtech startup Honeycomb gains approval to write policies in Wisconsin
Published: 14-04-2022 | 11:49:00 | By: Pie Kamau
The Wisconsin Office of the Commissioner of Insurance has given insurtech startup Honeycomb approval to write policies statewide.


Vivaris Capital partners with Tesla Foundation to form Tesla Climate Capital
Published: 14-04-2022 | 11:39:57 | By: Pie Kamau
Vivaris Capital, LLC, a multi-strategy fund offering hybrid hedge and private equity structures, announced a strategic, joint-venture partnership with the Tesla Foundation to form Tesla Climate Capital.


Brazilian startup Galena raises $16.7m to help young people enter the job market
Published: 14-04-2022 | 11:26:00 | By: Pie Kamau
Galena, a Brazilian startup that propels young talents to access great careers, announced the raising of $16.7m million in Series A round. The investment was led by Altos Ventures, a global venture capital fund based in Silicon Valley.


Canadian medical startup DrugBank raises $9m to solve growing biomedical data problem
Published: 12-04-2022 | 11:58:00 | By: Pie Kamau
Canadian future of medicine startup, DrugBank, announced the securing $9 million in seed funding to solve the challenges associated with the world's exponentially-growing biomedical data.


Microsoft launches accelerator program for East and West African startups
Published: 11-04-2022 | 12:48:16 | By: Pie Kamau
Microsoft has announced a new partnership with GreenHouse Labs to facilitate the acceleration of African startups that are at the pre-series A stage.


Construction tech company myComply closes $4.5m seed round to expand its workforce management solution
Published: 11-04-2022 | 12:40:00 | By: Pie Kamau
myComply, a Saskatchewan-based of IoT technology and cloud-connected software for the construction industry, landed its final capital to close its seed round investment at a total of $4.5 million.


London's GripAble raises $11m Series A funding to deliver data-driven neuro and musculoskeletal rehab
Published: 11-04-2022 | 12:11:00 | By: Pie Kamau
London-based GripAble announced a $11 million in Series A funding led by IP Group, with equal investment from Parkwalk Advisors, to enable GripAble to expand its industry-leading data platform.


Twitch Co-founder raises $35m seed round for Fractal, a new marketplace for gaming NFTs
Published: 11-04-2022 | 11:39:00 | By: Pie Kamau
Fractal, a new marketplace for gaming NFTs founded by Justin Kan, the Co-founder of Twitch, announced a $35 million seed round led by Paradigm and Multicoin Capital with with participation from Andreessen Horowitz.


AI platform Relativity6 raises $5.25m round to accelerate sales efforts
Published: 11-04-2022 | 11:04:00 | By: Pie Kamau
Relativity6, the AI platform for industry classification, announced it has raised a $5.25 million seed round led by Fin Capital with participation from State Auto Labs Fund, Vectr Ventures, Cortado Ventures, Angel Ventures, and several strategic individuals.


Nigerian fintech startup ImaliPay closes $3m seed funding to bring financial services to gig workers
Published: 11-04-2022 | 10:41:00 | By: Pie Kamau
Nigerian fintech startup ImaliPay has closed $3 million seed funding round to bring financial services to gig workers.


French in-game ad startup Gadsme raises $8m seed round to scale growth
Published: 08-04-2022 | 14:24:00 | By: Pie Kamau
Gadsme, the interactive adtech platform that offers high quality immersive brand experiences through in-game advertising, secured an $8 million seed investment just 11 months after launch.


Latinx insurtech startup Sigo Seguros raises $5.4m seed funding to accelerate growth
Published: 08-04-2022 | 14:07:00 | By: Pie Kamau
Sigo Seguros, the insurtech startup determined to close the insurance gap within Latinx and immigrant communities, announced it has raised $5.4 million in its seed funding round, co-led by Listen Ventures and Chingona Ventures.


Global experience startup Lilt raises $55m Series C to scale its AI translation platform
Published: 08-04-2022 | 13:56:00 | By: Pie Kamau
Lilt, the global experience platform, announced it has raised $55 million in Series C funding, bringing the company's total raised to $92.5 million.


German tech startup Admitad invests $1.2m in service providing coupon solutions for media
Published: 08-04-2022 | 13:37:00 | By: Pie Kamau
IT company Admitad, with the HQ in Germany and offices in the US (Chicago) and around the world, announced an investment of $1.2 million into White Label that provides сoupon solutions for the online media.


U.S.-based food tech startup Yo-Kai Express launches autonomous restaurant platform in Japan
Published: 08-04-2022 | 13:16:00 | By: Pie Kamau
Yo-Kai Express, a Silicon Valley-based food tech startup announced the official debut of the Yo-Kai Express autonomous restaurant platform in J.R. East Tokyo.


SVB debuts fellowship program to foster next-gen of Black, Latinx and women venture capital leaders
Published: 07-04-2022 | 16:40:00 | By: Pie Kamau
SVB Financial Group (SVB), financial partner of the innovation economy and parent company of Silicon Valley Bank, announced the SVB Fellows Program, a fellowship program for Black, Latinx and women professionals.


UCSF Rosenman Institute connects startups with health care companies to scale up solutions nationwide
Published: 07-04-2022 | 16:30:00 | By: Pie Kamau
The UCSF Rosenman Institute (Rosenman) announced that four early-stage health care companies have been selected to pilot their technology with leading industry partners through the UCSF Rosenman ADAPT (ADAPT) program.


Kenyan mobile commerce startup Copia appoints former Amazon Executive to its Board
Published: 07-04-2022 | 16:18:00 | By: Pie Kamau
Copia Global, a Kenyan-based mobile commerce platform has announced the appointment of former Amazon executive Jason Murray to its Board.


Kenya-focused social e-Commerce startup Elloe raises over $1m in pre-seed round
Published: 07-04-2022 | 16:09:00 | By: Pie Kamau
Elloe, a US-based social e-Commerce startup focused on Kenya and emerging markets, announced the raise of an undisclosed amount in pre-Seed funding. Investors for the round were led by Philippines’ Mad Ventures, Inc.


Shirley Somuah named partner at African private equity fund manager CardinalStone Capital
Published: 07-04-2022 | 16:02:00 | By: Pie Kamau
African private equity fund manager, CardinalStone Capital Advisers (CCA), has appointed Shirley Somuah as a Partner, as it strengthens its presence in Ghana with a new office opening in Accra in Q2.


What Africa requires to attain sustainable and effective food systems
Published: 07-04-2022 | 11:00:00 | By: Bob Koigi
A variety of factors constrain those who are reliant on farming for their livelihoods – particularly smallholders, including women and youth – from stepping up or stepping in to agriculture.


AliExpress Co- Founder Tom Gong appointed CTO of Kenyan BNPL company Lipa Later
Published: 07-04-2022 | 10:00:00 | By: Bob Koigi
Tom Gong, Co-Founder AliExpress and former Technical Program Manager for Google Wallet, will be joining Lipa Later as the new Chief technology Officer effective March 2022.


Polish mental health startup Mindgram closes €7m seed round, begins European expansion
Published: 06-04-2022 | 15:07:00 | By: Pie Kamau
Warsaw-based holistic mental health & wellbeing platform Mindgram, announced the closing of €7 million seed round and its plan to expand into the European market.


Lefebvre Sarrut launches second edition its European startups accelerator, LightSpeed
Published: 06-04-2022 | 14:27:00 | By: Pie Kamau
Lefebvre Sarrut Group reaffirmed its commitment to innovation and invites European startups to participate in the new edition of LightSpeed, its startup accelerator.


Houston aircraft startup Venus Aerospace raises $20m Series A funding to accelerate growth
Published: 06-04-2022 | 13:43:00 | By: Pie Kamau
Venus Aerospace, a startup developing hypersonic aircraft, raised a $20 million Series A funding round led by Prime Movers Lab, which invests in breakthrough scientific companies that reinvent and transform the way we live and operate.


Berkeley-based fitness startup Flexia raises $4m to shape the future of connected Pilates
Published: 06-04-2022 | 13:24:00 | By: Pie Kamau
Berkeley-based Flexia, developer of the first truly smart and connected Pilates reformer, announced a $4 million Seed round led by ADvantage, an early stage VC fund investing in tech companies shaping the future of sports.


Community-first mobile app Hive Wealth secures $600k deed round Investment from Black Tech Nation Ventures
Published: 06-04-2022 | 13:03:00 | By: Pie Kamau
Hive Wealth, a community-first mobile app that helps people grow their wealth and leave a legacy for future generations, announced it received $600K in funding from Black Tech Nation Ventures.


Finnish booking startup Book Salon raises €3m to gleam European beauty and wellness salons
Published: 05-04-2022 | 14:26:00 | By: Pie Kamau
Book Salon, a Finnish payment and booking service provider specializing in hair, beauty, and wellness companies, has announced the successful closure of a €3 million funding round led by Joint Effects.


SeaX Ventures launches $60m Fund II to help international startups expand into Southeast Asia
Published: 05-04-2022 | 13:54:00 | By: Pie Kamau
SeaX Ventures (Southeast Asia Exponential Ventures), announced the close of its second fund to help accelerate the growth of global startups throughout Southeast Asia.


ComplyAdvantage releases new anti-money laundering essentials guide for Startups
Published: 05-04-2022 | 13:37:00 | By: Pie Kamau
ComplyAdvantage, a global data technology company transforming financial crime detection, announced the release of a new Anti-Money Laundering Essentials Guide for Startups.


Swedish AI Fund announces new fund targeting AI startups in Africa
Published: 05-04-2022 | 13:17:01 | By: Pie Kamau
Swedish AI Fund (SAIF), an NGO providing financial aid, grants and scholarships to AI projects has announced a new fund targeting AI startups in Africa.


Bridgestone Mobility Solutions joins Startup Autobahn as ‘anchor partner’
Published: 05-04-2022 | 13:03:00 | By: Pie Kamau
Bridgestone Mobility Solutions, Bridgestone EMIA’s business unit focused on developing and launching data-driven fleet, tyre and mobility solutions, has become an “anchor partner” of Startup Autobahn, a mobility-focused innovation network.


South African tech startup SmartWage raises $2m to bridge gap between enterprises and frontline employees
Published: 05-04-2022 | 12:45:00 | By: Pie Kamau
SmartWage, an innovative HR and communications technology startup, raised $2 million oversubscribed seed funding round to support its vision of transforming Africa’s workforce.


Fintech startup Credrails partners with Access Bank to foster the future of finance in Africa
Published: 05-04-2022 | 12:33:00 | By: Pie Kamau
Access Bank has partnered with financial infrastructure startup Credrails to develop open finance rails that will dramatically improve the experience of banking customers across the continent.


Manchester-based HRtech startup Orka raises £3m to accelerate growth
Published: 01-04-2022 | 17:06:00 | By: Pie Kamau
Manchester-based Orka Technology Group (Orka), announced it has secured £3 million Series A fundraising round from Praetura Ventures.


OSlash raises $5m post-seed round to rewrite fundraising for SaaS startups
Published: 01-04-2022 | 16:38:00 | By: Pie Kamau
OSlash, an enterprise software that facilitates cross-sharing of information in the workplace, announced a $5 million post-seed round, in addition to $2.5 million raised in September from Accel Partners.


Play-to-earn health startup Health Hero closes oversubscribed seed round to finance game development
Published: 01-04-2022 | 16:19:00 | By: Pie Kamau
Health Hero, the company behind the Web3 play-to-earn health game "Health Hero," closed seed round with backing from prominent venture capitals.


Luxury clean CBD brand Lure Life closes $750K seed funding round for expansion
Published: 01-04-2022 | 15:13:00 | By: Pie Kamau
Lure Life, (Lure), a luxury, joy producing CBD brand has raised $750,000 in a Seed round of funding supported by a diverse group of investors in the beauty, finance and the consumer-packaged goods sectors.


Colombian-based consumer and fintech startup Leal secures $10m Series A round to scale growth
Published: 01-04-2022 | 14:05:00 | By: Pie Kamau
Colombian-based consumer and fintech company Leal has raised a $10 million Series A round co-led by global internet services leader Rakuten Group – through its investment arm Rakuten Capital – and IDC Ventures global fintech investment firm.


Climate tech startup Station A launches Clean Energy Grades to instantly generate financial and carbon savings
Published: 31-03-2022 | 13:04:44 | By: Pie Kamau
Station A, the U.S. clean energy marketplace, announced it launched Clean Energy Grades, a new product that instantly tells you the financial return of switching to clean energy.


Kenyan social commerce startup Tushop raises $3m pre-seed funding to accelerate growth
Published: 31-03-2022 | 12:41:00 | By: Pie Kamau
Tushop, a Kenyan social-commerce platform that enables group-buying of fast-moving consumer goods (FMCGs), announced it has raised $3 million in pre-seed funding, led by 4DX Ventures.


Europe's TIER Mobility acquires US-based Fantasmo to expand its accurate e-scooter parking system
Published: 31-03-2022 | 12:29:00 | By: Pie Kamau
TIER Mobility, Europe's shared micro-mobility provider, announced it has acquired Us-based Fantasmo, to further expand its most accurate e-scooter parking system and introduce a computer vision-powered rider assistance system.


Ecosystem restoration startup Lord of the Trees raises $1.25m pre-seed round to upscale environmental protection
Published: 31-03-2022 | 11:53:00 | By: Pie Kamau
Lord of the Trees, a full ecosystem restoration company that uses precision drone planting technology to restore degraded landscapes, announced a $1.25 million pre-seed funding round.


Mental health startup Nivati Secures $4m seed round to scale its platform
Published: 31-03-2022 | 11:25:00 | By: Pie Kamau
Nivati, a holistic mental health platform for employees, announced an oversubscribed seed round of $4 million led by FireBrand Ventures, with participation from Peak and Access Venture Partners.


AI-powered video commerce startup Vyrill raises $3m seed round to accelerate growth
Published: 31-03-2022 | 11:03:00 | By: Pie Kamau
VYRILL, a startup that enables video commerce with new, innovative 'in-video' search technology, announced the closing of a $3 million seed round of funding led by Noemis Ventures and Lightship Capital.


French insect farming startup Ÿnsect acquires Nebraska-based Jord Producers to open first mealworm farm in the US
Published: 30-03-2022 | 11:43:00 | By: Pie Kamau
Jord Producers, based in Nebraska, has been incorporated into Ÿnsect’s production portfolio, signifying the global leader’s entry into North American mealworm production.


Techstars partners with J.P. Morgan to invest in diverse entrepreneurs across the U.S.
Published: 30-03-2022 | 11:04:00 | By: Pie Kamau
Techstars announced a new accelerator program powered by J.P. Morgan that will invest more than $80 million in diverse entrepreneurs and founders across the U.S.


African fintech Flutterwave goes live in Tanzania
Published: 30-03-2022 | 10:52:33 | By: Pie Kamau
African fintech Flutterwave announced it has gained approval from the Bank of Tanzania (BoT) to launch its payment service in the country.


Nigerian B2B startup Kwik closes $2m Series A round to digitize informal African trade
Published: 30-03-2022 | 10:49:00 | By: Pie Kamau
French-Nigerian B2B startup Kwik, a fast-growing provider of SaaS logistics services to social vendors and e-commerce platforms in Africa, has announced that it successfully closed its $2 million Series A round.


Egyptian e-Sport startup Eksab raises $3m seed funding to scale its fantasy football platform
Published: 30-03-2022 | 10:41:00 | By: Pie Kamau
Cairo-headquartered e-Sport startup has raised $3 million seed funding round, bringing the company’s total investment to date to $3.7 million.


Vehicle financing startup Moove partners with Swvl for EV buses across the MENAP region
Published: 30-03-2022 | 10:32:25 | By: Pie Kamau
Egypt’s on-demand bus-hailing company Swvl, announced a new partnership with African fintech mobility startup Moove to scale Moove’s revenue-based vehicle financing model across the MENAP region.


On-demand transport platform Bolt launches 2nd edition of its Women in Tech internship program in Kenya
Published: 30-03-2022 | 10:24:12 | By: Pie Kamau
On-demand transport platform Bolt announced it has rolled out the second edition of its Women in Tech internship program in Kenya.


Cybersecurity startup ActZero certified as SOC 2 Type II compliant
Published: 29-03-2022 | 14:43:17 | By: Pie Kamau
ActZero, a cybersecurity startup that helps small and mid-sized businesses protect their organizations, announced it has been third-party certified as Service Organization Control (SOC) 2 Type II compliant.


Healthtech startup Radish announces $4m seed round to enhance access to convenient and affordable healthcare
Published: 29-03-2022 | 14:17:00 | By: Pie Kamau
Radish Health, a concierge healthcare platform providing convenient and affordable primary care services to municipal governments and midsize businesses, announced $4 million in seed funding.


Plug and Play Japan kicks off 3rd Smart Cities accelerator program in Osaka and Tokyo
Published: 29-03-2022 | 13:48:00 | By: Pie Kamau
Plug and Play Japan has selected 25 startups from Japan and overseas for their accelerator program that promotes open innovation in Smart Cities theme. From the Batch 3 program, it will expand and operate at two locations, Tokyo and Osaka.


Danish healthtech startup Qure.ai raises $40m to accelerate market expansion, support product development
Published: 29-03-2022 | 13:30:00 | By: Pie Kamau
Qure.ai (Qure), the healthtech firm using Artificial Intelligence (AI) for medical imaging diagnostics, announced it has secured $40 million in a funding round led by Novo Holdings and HealthQuad.


Healthtech startup Altibbi raises $44m to scale growth across the MENA region
Published: 29-03-2022 | 13:03:00 | By: Pie Kamau
Middle East’s AI-based digital health platform Altibbi, has raised $44 million in Series B fund funding led by Foundation Holdings, Hikma Ventures and existing investors Global Ventures and DASH Ventures.


Cambridge-based startup Sano Genetics raises $11m funding to accelerate genetic disease research
Published: 28-03-2022 | 16:46:00 | By: Pie Kamau
Cambridge-based startup Sano Genetics announced it has raised $11 million in a Series A funding round led by MMC Ventures, with further funding from Episode 1, Seedcamp and several experienced operators in software and life sciences.


Israeli data integration startup Triple Whale raises $27.7m to develop default e-Commerce operating system for Shopify brands
Published: 28-03-2022 | 16:24:00 | By: Pie Kamau
Triple Whale, the all-in-one operating system for Shopify brands, announced it has raised $27.7 million in an extended Series A, the company's first announced funding round since its foundation in May 2021.


Israeli tech startup Run:ai completes proof of concept with NVIDIA
Published: 28-03-2022 | 15:54:00 | By: Pie Kamau
Run:ai, the company simplifying AI infrastructure orchestration and management, announced details of a completed proof of concept (POC) which enables multi-cloud GPU flexibility for companies using NVIDIA GPUs in the cloud.


Neurotechnology startup Phantom Neuro secures $3.26m seed round to advance machine control technology
Published: 28-03-2022 | 15:39:00 | By: Pie Kamau
Phantom Neuro, a burgeoning neurotechnology startup, announced a $3.26 million funding round from leading international and U.S.-based investors.


Konza Technopolis and ASSEK sign MoU to support startups in Kenya
Published: 28-03-2022 | 13:45:00 | By: Pie Kamau
Konza Technopolis Development Authority (KoTDA) and the Association of Startups and SME Enablers in Kenya (ASSEK) have signed an MoU to enhance innovation and support startups in Kenya.


10 African fintech startups selected for CATAPULT: Inclusion Africa Special Dubai Edition
Published: 28-03-2022 | 13:34:31 | By: Pie Kamau
The LHoFT Foundation has announced the 10 African fintech startups that will take part in the special edition of CATAPULT: Inclusion Africa which will be held in Dubai, UAE.


Lipa Later selects Hotpoint as new retail partner
Published: 28-03-2022 | 08:30:00 | By: Bob Koigi
Lipa Later, a payment option that allows customers to purchase commodities through affordable monthly instalments has on-boarded Hotpoint as a new retail partner. Hotpoint appliances is Kenya’s premier supplier of Home Appliances and Electronics.


Australian mining tech startup Plotlogic raises $18 million funding to bolster commercialization
Published: 23-03-2022 | 16:07:24 | By: Bob Koigi
The company plans to use the capital to invest in additional research and development, bolster commercialization, and support Plotlogic's proprietary OreSense® Technology.


NSI Insurance Group acquires majority stake in insurtech startup HoneyQuote
Published: 23-03-2022 | 16:03:51 | By: Bob Koigi
HoneyQuote’s machine learning algorithm matches users with property insurance carriers in real-time. Its proprietary search engine allows consumers to shop and purchase homeowners' insurance online.


Cybersecurity startup MixMode secures $45 million financing to automate cyberattack detection
Published: 23-03-2022 | 15:59:50 | By: Bob Koigi
MixMode delivers a self-learning platform that helps enterprises and agencies detect and protect their networks against the most advanced cyberattacks. 80% of successful cyberattacks are novel attacks driving trillions of dollars in damage, including ransomware and supply chain attacks.


Riverbend Capital expands network of investors, venture partners and startups
Published: 23-03-2022 | 15:56:11 | By: Bob Koigi
With more than $7 million in capital deployed in 2021, over $3 million invested in Q1 2022 and over $14 million since inception, Riverbend Capital has now participated in over 85 VC rounds across growth stages, sectors and geographies.


TR Tech, LocoNav unveil GPS, IoT and vehicle telematics solutions in South Africa
Published: 23-03-2022 | 12:38:18 | By: Bob Koigi
Integrated tech-services provider TR Tech and disruptive full-stack fleet-tech startup LocoNav have collaborated in South Africa to provide state-of-the-art GPS, IoT, and Vehicle Telematics solutions.


Uganda is the happiest country in East Africa, Happiness Index
Published: 21-03-2022 | 10:15:00 | By: Bob Koigi
Uganda topped the position as the happiest country in the East African Region while Tanzania dropped further to position 139 compared to position 94 the previous year.


Flutterwave founder appointed to the advisory board of Lipa Later Group
Published: 18-03-2022 | 10:49:00 | By: Bob Koigi
Lipa Later Group, Africa’s Buy-Now-Pay-Later (BNPL) firm, has announced the appointed Flutterwave Chief Executive Officer and Founder, Mr. Olugbenga ‘GB’ Agboola as a member of its advisory board.


Nigerian Big Cabal Media raises $2.3m to fuel audience growth and build new verticals
Published: 17-03-2022 | 12:38:00 | By: Pie Kamau
Big Cabal Media [BCM], a pan-African media company headquartered in Nigeria, has announced the close of its Seed Series fundraising round at $2.3million, led by MaC Venture Capital.


Capnamic closes $215m venture capital fund for early-stage investments in German-speaking countries
Published: 17-03-2022 | 12:25:00 | By: Pie Kamau
Early-stage investor Capnamic, announced its third venture capital fund of $215 million to focus on Pre-Seed to Series A investments in technology-based startups from the German-speaking region.


Kenyan fintech 4G Capital raises $18.5m Series C funding to scale lending to MSMEs
Published: 17-03-2022 | 11:50:00 | By: Pie Kamau
Kenyan fintech credit provider 4G Capital has raised $18.5 million in Series C funding from global private equity firm Lightrock.


Crypto exchange platform Luno launches investment arm to support fintech and crypto startups
Published: 17-03-2022 | 11:41:00 | By: Pie Kamau
Cryptocurrency exchange platform Luno, a subsidiary of Digital Currency Group (DCG), has launched Luno Expeditions, an early-stage investment arm to support fintech and crypto/web3 startups from around the world.


Kenyan e-Commerce startup Sokowatch raises $125m, rebrands to Wasoko
Published: 17-03-2022 | 11:32:00 | By: Pie Kamau
Kenyan based B2B e-Commerce startup Sokowatch has raised a $125 million Series B equity round, the largest venture financing round ever raised for a non-fintech startup in Africa.


Singapore-based Treehouse Finance raises $18m seed funding to establish a standard for DeFi analytics
Published: 17-03-2022 | 11:15:00 | By: Pie Kamau
Treehouse, a Web3 company transforming on-chain data into meaningful metrics to help decentralized finance (DeFi) investors make informed financial decisions, announced an $18 million seed round raise.


Swiss edtech startup Alphacruncher raises €1.45m for global rollout of research cloud workspace product
Published: 16-03-2022 | 13:36:00 | By: Pie Kamau
Swiss edtech startup Alphacruncher has raised €1.45 million funding from Austrian venture capital firm Alpine Equity, NGM, private investors and existing users, to enable the global rollout of its education and research cloud workspace product, Nuvolos.


Canadian healthtech startup Clinia raises $5m to power personalized pathways into every health journey
Published: 16-03-2022 | 12:57:00 | By: Pie Kamau
Montreal-based startup Clinia, the personalized health navigation platform, announced a $5 million CAD Seed funding round to scale the growth of its health search infrastructure across North America.


Israeli network security startup OneLayer steps out of stealth with $8.2m seed round to protect private 5G networks
Published: 16-03-2022 | 12:25:00 | By: Pie Kamau
OneLayer, a pioneer in securing private LTE/5G networks for enterprises, announced its launch out of stealth along with an $8.2 million seed funding round led by Grove Ventures and Viola Ventures.


Climate tech startup Cambium Carbon raises $3m seed funding to reinvent the wood supply chain, reduce carbon emissions
Published: 16-03-2022 | 11:48:00 | By: Pie Kamau
Cambium Carbon PBC announced a $3.2 million seed round investment led by MaC Venture Capital, supported by Soma Capital, Joe Tsai, Revolution's Rise of the Rest Seed Fund, Blue Ivy Ventures and others.


Insurance startup Asteya launches new product offering on its technology-first platform
Published: 16-03-2022 | 11:28:00 | By: Pie Kamau
Asteya, an income insurance technology company whose mission is to provide financial health and wellbeing by transforming the income insurance space, announced the launch of its additional product offering, Accidental Death.


Indonesia's East Ventures signs to UN PRI to create responsible and sustainable investment
Published: 15-03-2022 | 11:42:00 | By: Pie Kamau
East Ventures, a pioneering sector-agnostic venture capital firm in Indonesia, has officially become a UN Principles for Responsible Investment (UN PRI) signatory as part of its commitment to creating responsible and sustainable investment.


Product photo performance startup Bloom raises $1.1m seed round funding to bring generative AI to e-Commerce
Published: 15-03-2022 | 11:17:00 | By: Pie Kamau
Product photo performance engine Bloom announced it has raised $1.1 million at the close of its seed funding round.


Ghanaian fintech startup Dash closes $32.8m seed round to create a unified payments app for Africans
Published: 15-03-2022 | 10:04:00 | By: Pie Kamau
Dash, the unified and accessible payments app, announced it has raised $32.8 million in an oversubscribed seed round, one of the largest seed rounds for an African technology startup.


Nigerian mobility fintech startup Moove raises $105m series A2 round to scale growth
Published: 15-03-2022 | 09:33:00 | By: Pie Kamau
Mobility fintech, Moove, which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105 million in an oversubscribed Series A2 round consisting of equity and debt.


15 startups selected for Google for Startups Accelerator Africa Class 7
Published: 15-03-2022 | 09:14:00 | By: Pie Kamau
Google has announced the 15 African startups that have been selected for its Startups Accelerator Africa Class 7 programme. The startups are developing solutions in areas such as healthcare, education, fleet management, logistics automation and recruiting.


Danish customer support innovator Dixa acquires Miuros and Solvemate startups for $43m
Published: 11-03-2022 | 13:40:00 | By: Pie Kamau
Danish customer support innovator Dixa, announced the acquisitions of analytics leader Miuros, and automation pioneer Solvemate.


FirstEnergy contributes $1m to UBIZ Venture Capital to support minority businesses in Northeast Ohio
Published: 11-03-2022 | 13:08:00 | By: Pie Kamau
To help expand and grow minority-owned businesses in northeast Ohio, FirstEnergy announced a $1 million contribution to UBIZ Venture Capital, a small business lending program affiliated with the Urban League of Greater Cleveland.


Colombian startup Yuno raises $10m seed round to solve online payments in Latin America
Published: 11-03-2022 | 12:43:00 | By: Pie Kamau
Yuno, a Colombia-based startup has raised a $10 million seed round to bring to Latin American companies an easy online checkout solution that solves the pain point of managing multiple payment methods.


New Stack Ventures raises $42.6m for its second fund to invest in Silicon Valley outsiders
Published: 11-03-2022 | 11:21:00 | By: Pie Kamau
New Stack Ventures, an early-stage venture fund dedicated to investing in Silicon Valley outsiders, announced it has raised $42.6 million for its second fund.


African crypto startup Basqet launches payment gateway to enable businesses accept Bitcoin
Published: 11-03-2022 | 11:06:00 | By: Pie Kamau
African blockchain payments startup Basqet announced the launch of its cryptocurrency payments gateway which will allow businesses to accept Bitcoin and other cryptocurrencies as payment.


EV startup BasiGo flags off first electric buses in Kenya
Published: 10-03-2022 | 15:39:00 | By: Pie Kamau
Nairobi headquartered e-mobility startup BasiGo flagged off the first electric buses in the country for passenger use.


Smart addressing startup OkHi secures $1.5m seed funding to drive smart address verification in Africa
Published: 10-03-2022 | 15:32:00 | By: Pie Kamau
Smart addressing startup, OkHi, has secured a $1.5 million seed extension, bringing the total of its seed funding to $3 million. This raise is supported by notable firms and individuals who, beyond funding, bring a wealth of expertise to OkHi.


Dream VC opens applications for its VC Fellowship Program in Africa
Published: 10-03-2022 | 15:25:00 | By: Pie Kamau
Dream VC, a Remote Venture Capital Upskilling Institute, has opened applications for its 2022 fellowship program for VCs in Africa.


Salary on-demand startup Cadana partners with Flutterwave to expand into Nigeria
Published: 10-03-2022 | 15:17:00 | By: Pie Kamau
Cadana, the salary on-demand startup has expanded operations into Nigeria following a strategic partnership with Flutterwave, Africa’s leading payments technology company.


[Kenya] Applications for 5th cohort of Standard Chartered Bank's Women in Tech program open
Published: 10-03-2022 | 15:09:00 | By: Pie Kamau
The Standard Chartered Bank has opened applications for the 5th cohort of its Women in Tech incubator program.


Swedish travel tech startup Acamp acquires Ställpatser, prepares for European expansion
Published: 09-03-2022 | 12:51:00 | By: Pie Kamau
Acamp, the Swedish marketplace connecting campers with landowners, has acquired the popular camping community app, Ställpatser, just weeks after its €2.5 million funding round.


London-based digital foreign exchange Currencies Direct announces £140m investment from Blackstone
Published: 09-03-2022 | 12:21:00 | By: Pie Kamau
Palamon Capital Partners and Corsair announced that funds managed by Blackstone have agreed to make a £140 million strategic investment in Currencies Direct.


5G Open Innovation Lab selects MetaPower to join its startup development program
Published: 09-03-2022 | 11:32:00 | By: Pie Kamau
MetaPower, the innovators creating the future of Intelligent Wireless Power, announced its selection as one of 12 startups newly added to the 5G Open Innovation Lab (5G OIL).


Plant-based food startup Lypid enters B2B vegan-fat market with $4m seed round to commercialize rich, juicy PhytoFat
Published: 09-03-2022 | 10:32:00 | By: Pie Kamau
Lypid, creator of vegan fats reported to taste and behave like animal fats, announced it has raised a $4 million seed round led by Green Generation Fund with additional support from Big Idea Ventures.


Canadian tech startup Calico secures $2.1m to revolutionize modern supply chains
Published: 09-03-2022 | 09:50:00 | By: Pie Kamau
Calico, the developer of the first AI-powered smart supply chain management platform, announced it has raised $2 million in seed funding. The growth financing is led by Serena Ventures following 300% growth since January 2022.


German logistics tech startup Forto raises $250m to accelerate international expansion
Published: 08-03-2022 | 11:33:00 | By: Pie Kamau
German logistics tech startup Forto, the provider of digitized freight forwarding and supply chain solutions, announced it has raised $250 million in a pre-emptive Series D investment round led by Disruptive.


Cybersecurity startup MindWise launches equity crowdfunding campaign on MicroVentures
Published: 08-03-2022 | 11:09:18 | By: Pie Kamau
Cybersecurity startup MindWise announced the launch of an equity crowdfunding campaign on MicroVentures.


Japanese SocialGood App raises $14.2m for patented crypto back platform
Published: 08-03-2022 | 10:57:00 | By: Pie Kamau
Japanese SocialGood App, which gives users cryptocurrency rewards for shopping, has raised $14.2 million in Series A funding from a venture capital firm.


Plug and Play launches in Nur-Sultan, Kazakhstan, in partnership with Transtelecom
Published: 08-03-2022 | 10:42:00 | By: Pie Kamau
Plug and Play, the world's innovation platform connecting startups, investors, and pioneering companies, has announced a new partnership with Transtelecom JSC, one of the largest communication operators in Nur-Sultan, Kazakhstan.


26 startups selected to join African Tech Vision's 2nd mentorship program for African female founders
Published: 08-03-2022 | 10:28:00 | By: Pie Kamau
African Tech Vision, a non-profit-organization supporting early-stage female tech founders, has announced 26 startups that will be joining its 2nd mentorship program.


Capricorn Digital Growth Fund closes at €84.5m to back healthtech, business 4.0 startups in Benelux, Europe
Published: 03-03-2022 | 13:09:00 | By: Pie Kamau
Capricorn Digital Growth Fund closes at €84.5 million to back digital health and business 4.0 startups in Benelux


On-demand delivery platform Glovo launches pitch competition for early-stage tech startups in Kenya
Published: 03-03-2022 | 12:53:00 | By: Pie Kamau
On-demand delivery platform Glovo has launched a pitch competition targeting early-stage tech startups in Kenya that are delivering value to SMEs.


e-Commerce startup The Host Co. raises $1.85m to revolutionize short-term rental industry
Published: 03-03-2022 | 12:44:00 | By: Pie Kamau
The Host Co., the first-of-its-kind digital commerce marketplace for short-term rentals, announced an oversubscribed $1.85 million seed funding round, led by HearstLab with participation from The Artemis Fund and Untapped Capital.


TDK Ventures invests in climatetech startup Divirod to advance prediction of water-related catastrophes
Published: 03-03-2022 | 12:02:00 | By: Pie Kamau
TDK Corporation announced that subsidiary TDK Ventures, invested in Boulder, CO-based climate-tech startup Divirod. Their sensor solution enables high-accuracy risk assessment of water levels.


South African fintechs Payflex and Merchant Capital launch cash advance solution for small retailers
Published: 03-03-2022 | 11:44:00 | By: Pie Kamau
Two South African fintechs, alternative lender Merchant Capital and buy-now-pay-later (BNPL) specialist Payflex, have launched a cash advance solution for small and mid-sized retail sector.


Oslo-based management startup Presail closes $1.6m seed round to revolutionize Web 3.0 investments
Published: 02-03-2022 | 14:38:00 | By: Pie Kamau
Oslo-based management startup Presail announced the closing of $1.6 million from a series of reputable venture capital firms and strategic angel investors.


Netflix acquires Finnish mobile game developer Next Games for €65m
Published: 02-03-2022 | 14:06:00 | By: Pie Kamau
Netflix announced it has entered into a combination agreement to acquire Finnish mobile game developer, Next Games. Under the terms of the agreement, Netflix will commence a tender offer process to acquire all of the issued and outstanding shares of Next Games.


Carrier launches venture firm to accelerate sustainable innovation and disruptive building and cold chain technology
Published: 02-03-2022 | 13:20:00 | By: Pie Kamau
Carrier Global Corporation, the global provider of healthy, safe, sustainable and intelligent building and cold chain solutions, has created Carrier Ventures, a new global venture capital group.


Manufacturing technology startup OPT Industries raises $15m to address demand for novel materials design and production
Published: 02-03-2022 | 12:52:00 | By: Pie Kamau
OPT Industries, the manufacturing technology startup behind the InstaSwab high-efficacy medical applicator, announced it has raised $15 million in Series A financing.


Employee experience startup Whistle closes on $3.2m seed round to accelerate growth
Published: 02-03-2022 | 12:32:00 | By: Pie Kamau
Whistle, a new generation of employee experience platform, announced it has raised a $3.2 million seed funding round led by Dundee Venture Capital (VC). Other investors include Chicago-based M25.


South African cryptocurrency exchange VALR raises $50m Series B funding to expand across the continent
Published: 02-03-2022 | 12:12:00 | By: Pie Kamau
VALR.com, a South Africa cryptocurrency exchange, announced it has raised $50 million, Africa’s largest ever crypto funding round, bringing the company`s valuation at $240 million.


iCapital expands strategic partnership with Bank of Singapore
Published: 01-03-2022 | 14:35:16 | By: Bob Koigi
With the deal, iCapital takes over the management and operation of the bank’s private market feeder funds while Bank of Singapore retains client servicing responsibilities.


Swappie raises $124 million Series C round to transform smartphone consumption
Published: 01-03-2022 | 14:31:28 | By: Bob Koigi
Swappie, the end-to-end online destination for buying and selling refurbished smartphones, has announced a $124M (€108M) Series C funding round.


Payhawk becomes first Bulgarian Unicorn after raising $100 million
Published: 01-03-2022 | 14:28:00 | By: Bob Koigi
Payhawk, the payment and expense solution with offices in London, Sofia, Berlin, and Barcelona, has raised an additional $100m to extend its Series B round to $215m.


German investor CommerzVentures closes €300m third fund to support European fintech and insurtech startups
Published: 01-03-2022 | 12:52:00 | By: Pie Kamau
CommerzVentures, the specialist fintech investor, announced its third €300m fund, to go towards supporting early and growth-stage companies in the fintech and insurtech sectors.


Venture Noire partners with Remote Year to launch global accelerator program for Black and minority startups
Published: 01-03-2022 | 12:28:00 | By: Pie Kamau
Venture Noire, a non-profit organization dedicated to improving black quality of life through economic development, has partnered with Remote Year to expand its signature 8-week accelerator program.


Fintech platform M-KOPA secures $75m growth equity round to scale its African footprint
Published: 01-03-2022 | 12:03:00 | By: Pie Kamau
M-KOPA, the fintech platform that provides connected financing and digital financial services to underbanked consumers across four markets in Africa, announced its $75 million growth equity round, bringing its total equity funding to $190 million.


Energy-efficient AI semiconductor startup EdgeCortix closes over $8m Series A funding
Published: 01-03-2022 | 11:58:00 | By: Pie Kamau
EdgeCortix the AI-focused fabless semiconductor company, announced the closing of over $8 million in series A funding.


IronCore Labs launches program to give two years free data security tools to qualified startups
Published: 01-03-2022 | 10:57:06 | By: Pie Kamau
IronCore Labs, the provider of data security for modern cloud applications, announced the IronCore Labs Startup Program that gives two years of free data security tools to qualified startups.


French healthtech startup Synapse Medicine raises $28m to scale its medication reconciliation platform
Published: 01-03-2022 | 10:38:00 | By: Pie Kamau
France-based healthtech startup Synapse Medicine has raised $28 million led by leading European venture firm Korelya Capital, and past investors (XAnge, MACSF, and BNP Paribas Development).


Food startup Next Gen Foods debuts TiNDLE in the U.S., announces $100m Series A funding round
Published: 28-02-2022 | 14:28:00 | By: Pie Kamau
Food startup Next Gen Foods announced its first product TiNDLE, now available in a range of iconic restaurants across the East and West Coasts in some of the country's leading "foodie" cities.


Paperwork secures $2.5m seed funding to improve financial wellbeing of American families at all life stages
Published: 28-02-2022 | 13:51:00 | By: Pie Kamau
Paperwork, the financial wellness solution that transforms the way people organize and manage their financial lives, announced it has closed $2.5 million in seed funding in a raise led by Kickstart Fund.


Israeli logistics startup PrettyDamnQuick raises $6m seed round to expand growth in the U.S.
Published: 28-02-2022 | 13:21:00 | By: Pie Kamau
Israeli e-Commerce startup PrettyDamnQuick, the provider of checkout-to-delivery management platforms for e-Commerce businesses, announced the closing of $6 million seed investment round.


Retailtech startup Cortina raises $6m seed round to accelerate growth
Published: 28-02-2022 | 12:45:00 | By: Pie Kamau
Cortina, a revolutionary software solution that gives any retailer, from big box to mom-and-pop, the power to become a player in the fast-evolving marketplace revolution, announced it has closed $6 million in seed money.


South Florida-based tech startup Casa closes $1.2m pre-seed round to launch 'Business in a Box' for home improvement industry
Published: 28-02-2022 | 12:16:00 | By: Pie Kamau
Casa, a South Florida-based technology startup that provides home improvement contractors turn-key software to run their business, announced the closing of a $1.2 Million pre-seed fundraising round.


London-based BSV blockchain startup accelerator Satoshi Block Dojo secures investment from Ayre Ventures
Published: 25-02-2022 | 13:27:00 | By: Pie Kamau
Satoshi Block Dojo, the London-based technology startup incubator that assists entrepreneurs building businesses on the BSV blockchain, has secured significant investment funding from Ayre Ventures


Paraclete raises $1.5m to launch world's first SoulCare platform
Published: 25-02-2022 | 13:08:00 | By: Pie Kamau
Paraclete, world's first SoulCare platform for the workforce, closed a $1.5 million pre-seed round to help workers live a thriving life at work, home, and everything in between.


AI recruiting startup Emi raises $11m to help enterprises hire better frontline workers, faster
Published: 25-02-2022 | 12:52:00 | By: Pie Kamau
Emi, the conversational AI recruiting platform for frontline workers, has secured $11 million in Series A funding, led by Merus Capital and Khosla Ventures.


Edtech startup Tutored by Teachers raises over $10m to bolster America's K-12 schools, close the opportunity gap for high-need students
Published: 25-02-2022 | 12:41:00 | By: Pie Kamau
EdTech startup Tutored by Teachers (TbT) announce it has raised over $10 million in Series A funding, led by GSV Ventures, to expand its teacher community.


GE Healthcare partners with Kenyan healthtech startup Afya Rekod to simplify access to medical records in Africa
Published: 25-02-2022 | 11:51:27 | By: Pie Kamau
GE Healthcare and Kenya-based startup Afya Rekod have announced a collaboration that seeks to transform care delivery through improved access to personal health data in Kenya, Nigeria, and South Africa.


Finnish EV charging startup eMabler partners with Fusebox to turn electric vehicles into profitable virtual power plants
Published: 24-02-2022 | 13:42:30 | By: Pie Kamau
Finnish electric vehicle (EV) charging startup eMabler and Fusebox, virtual power plant provider are collaborating to use electric vehicle charging to balance the energy grid.


The Sister Accord Foundation launches The Sister Accord Accelerator to support female entrepreneurs
Published: 24-02-2022 | 13:17:00 | By: Pie Kamau
The Sister Accord Foundation announced the launch of The Sister Accord Accelerator, to help female entrepreneurs rapidly grow and scale their businesses.


Singapore-based game-fi blockchain startup Ethlas raises $2.7m seed funding round
Published: 24-02-2022 | 13:03:00 | By: Pie Kamau
Singapore-based game finance (game-fi) blockchain startup, Ethlas, announced it has secured $2.7 million in seed funding from investors such as Sequoia Capital India and Yield Guild Games Southeast Asia.


FunFair Technologies launches new blockchain venture capital business
Published: 24-02-2022 | 12:48:00 | By: Pie Kamau
FunFair Technologies announced the launch of a new blockchain venture capital business, FunFair Ventures, with the aim to plug a gap in the funding process for early-stage blockchain projects.


Proptech startup PropBidder secures $1m seed funding round fuel its customer acquisition
Published: 24-02-2022 | 11:18:00 | By: Pie Kamau
PropBidder, a SaaS-enabled online bidding marketplace for buying and selling homes and condos, announced the closing of a $1 million seed funding round.


Kenyan foodtech startup Kune starts commercial operations in Nairobi
Published: 24-02-2022 | 10:38:05 | By: Pie Kamau
Kenyan foodtech startup Kune has officially launched commercial operations with four meal hubs located in strategic locations in Nairobi.


Four African startups selected for 10th cohort of Catalyst Fund fintech accelerator
Published: 24-02-2022 | 10:30:00 | By: Pie Kamau
Four African fintech startups have been selected to join the tenth cohort of the Catalyst Fund accelerator. The startups are among the six selected that are building solutions designed to improve the resilience of underserved.


CA-based foodtech startup Yali Bio raises $3.9m seed round to advance plant based cultured fat production
Published: 23-02-2022 | 17:21:00 | By: Pie Kamau
Yali Bio, a CA-based foodtech startup focused on designer fats for plant-based meat and dairy products announced today it has raised a $3.9 million seed round, bringing their total funding to $5 million.


Israeli's Astrix Security emerges from stealth with $15m seed round to secure enterprises' expanding web of third-party apps
Published: 23-02-2022 | 15:56:00 | By: Pie Kamau
Astrix Security, the first app-integration access management solution, launched from stealth to modernize how enterprises monitor and control their ever-expanding web of interconnected third-party applications.


Epoch startup raises $3.6m to make employee experiences more engaging
Published: 23-02-2022 | 15:43:00 | By: Pie Kamau
Epoch, the employee experience platform, announced the close of $3.6 million in seed funding. Rally Ventures led the seed round, with participation from Precursor Ventures, Turner Novak, m]x[v, Maschmeyer Group Ventures and a number of angel investors.


Huobi Incubator announces second batch of partners for Web3 Scholarship
Published: 23-02-2022 | 14:45:00 | By: Pie Kamau
Huobi Incubator, the project incubation arm of Huobi Group, announced the second batch of partners for Web3 Scholarship, a funding platform for developers, builders, and projects in the Web3 field.


Cybersecurity startup Dazz appoints Mike Gesnaldo as Chief Revenue Officer
Published: 23-02-2022 | 14:35:00 | By: Pie Kamau
Dazz, cloud security remediation company, has announced the appointment of Mike Gesnaldo as Chief Revenue Officer. Gesnaldo will be responsible for building and executing a go-to-market and sales operation strategy.


Cross-border fintech startup Dowsure raises $20m to fuel growth of e-Commerce sellers in China
Published: 22-02-2022 | 12:07:00 | By: Pie Kamau
Shenzhen-based fintech startup Dowsure Technologies, has attracted the attention of global strategic investors, fueling the growth of millions of e-Commerce sellers from China on marketplaces like Amazon, eBay, Shopee and more.


Billups acquires adtech startup Outchart to advance programmatic digital OOH aspirations
Published: 22-02-2022 | 11:50:00 | By: Pie Kamau
Billups, the largest privately held out-of-home (OOH) technology and managed services company in the U.S., has acquired the assets of Outchart, a full-stack software provider for the digital out-of-home marketplace.


AT&T joins Ericsson's 5G Startup Program to develop new consumer technology
Published: 22-02-2022 | 11:24:00 | By: Pie Kamau
AT&T has joined Ericsson's Startup 5G program, a 5G innovation collaboration driven by Ericsson's ConsumerLab that assists communications service providers (CSPs) with commercialization and monetization of 5G.


German e-bike startup ADO debuts high-end urban commuter D30
Published: 22-02-2022 | 11:09:15 | By: Pie Kamau
Frunkfart-based startup ADO is debuting an high-end urban commuter e-bike D30 officially. At the same time, ADO will join hands with Insta360 to launch the co-branded ADO Insta360 GO 2 XE, to cross city and chase adventure.


Kenyan retail tech startup MarketForce raises $40m Series A to scale up super app for Africa’s informal merchants
Published: 22-02-2022 | 10:44:00 | By: Pie Kamau
MarketForce, the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the closing of a $40 million Series A round.


London-based fintech startup Nous raises $9m seed to help households navigate the cost of living crisis
Published: 21-02-2022 | 15:59:00 | By: Pie Kamau
Nous (to rhyme with ‘house’) a London-based fintech startup, announced it has raised a $9 million seed financing round to build out its service that helps households get smart and stay vigilant as they navigate the imminent cost of living crisis.


Fearless Adventures leads £300K investment round for London-based personal safety startup WalkSafe
Published: 21-02-2022 | 15:35:00 | By: Pie Kamau
Fearless Adventures has led a £300,000 investment round to grow London-based personal safety app, WalkSafe, whose usage soared to half a million downloads following the murders of Sarah Everard and Sabina Nessa.


DevOps-as-a-Service startup Architect.io closes $5m seed round to power developer adoption and engineering velocity
Published: 21-02-2022 | 15:06:00 | By: Pie Kamau
Architect.io, the next-generation dependency-aware continuous delivery platform, announced $5 million in seed round funding, led by Next Coast Ventures.


Insurtech startup ennabl raises $4m to transform insurance brokerage
Published: 21-02-2022 | 14:48:00 | By: Pie Kamau
Insurtech trailblazer ennabl has secured a $4 million seed round investment. Led by Vine Ventures with additional private participants, this investment will be used to expand the company's platform.


African fintech Flutterwave rebrands, introduces new products and services
Published: 21-02-2022 | 14:31:00 | By: Pie Kamau
African fintech startup Flutterwave has unveiled a significant re-brand and identity during the Flutterwave 3.0, virtual event held on Friday, 18th February 2022.


South African fintech Troygold digitises R300b in Krugerrands allowing owners to use value for day-to-day transactions
Published: 21-02-2022 | 14:24:31 | By: Pie Kamau
South Africans have an estimated R300 billion in Krugerrands hidden in drawers and safes, unaware that they could be using the value of their gold to fund day-to-day financial transactions.


Nigerian fintech startup Earnipay raises $4m to provide on-demand salary to workers
Published: 21-02-2022 | 14:08:00 | By: Pie Kamau
Nigerian fintech startup Earnipay which provides flexible and on-demand salary access to income-earners has closed a seed round of $4 million.


Experts weigh in on Covid’s impact on local food systems
Published: 21-02-2022 | 10:30:00 | By: Bob Koigi


[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa's highest valued Unicorn
Published: 18-02-2022 | 18:28:00 | By: Pie Kamau
As the African fintech industry continues to bloom, so does the funding. Flutterwave has now become Africa's highest valued startup after closing $250 million Series D funding, bringing the company’s valuation to over $3 billion.


Soil water sensors, detectors to the rescue of Mozambique farmers
Published: 18-02-2022 | 10:02:00 | By: Bob Koigi
More than 3 million smallholder farmers contribute 95% of Mozambique’s agricultural production.


German startup Cansativa closes $15m Series B to become the ‘Amazon’ of cannabis for Europe
Published: 17-02-2022 | 12:36:00 | By: Pie Kamau
Cansativa Group announced it has closed a $15 million Series B investment led by Casa Verde with participation by Argonautic Ventures and Munich-based family office Alluti.


Flutterwave becomes highest valued African startup after closing $250m Series D funding
Published: 17-02-2022 | 12:15:00 | By: Pie Kamau
Technology company Flutterwave, announced it has raised $250 million in Series D funding, valuing the company at over $3 billion as the brand continues to transform the way Africans transact on the continent and worldwide.


Raydiant startup raises $30m Series B to reimagine in-store experiences for brick and mortars
Published: 17-02-2022 | 11:56:00 | By: Pie Kamau
Raydiant, the in-location experience management platform for brick-and-mortar enterprises, announced it has raised a $30 million Series B funding round led by 8VC and Atomic Ventures.


Payroll infrastructure startup Check raises $75m Series C to accelerate growth
Published: 17-02-2022 | 11:43:00 | By: Pie Kamau
Check, the payroll infrastructure company that lets platforms embed payroll into their products, announced it has raised a $75 million Series C led by Stripe, with participation from existing investors Bedrock, Thrive and Index.


Crypto investment firm Hartmann Capital launches $30m Metaverse Fund
Published: 17-02-2022 | 11:33:00 | By: Pie Kamau
Hartmann Capital, a four-year veteran in crypto asset management, announced the launch of its second fund specialized in exclusively investing into the Metaverse.


German healthtech startup Climedo raises €5m funding for product development, expansion within Europe
Published: 16-02-2022 | 11:24:00 | By: Pie Kamau
Munich-based healthtech company Climedo, received €5 million in a seed financing round. The lead investor is pan-European VC firm Nauta Capital. Westtech Ventures from Berlin and existing business angels.


Boston AI tech startup hOS secures $12.8m seed round to accelerate growth
Published: 16-02-2022 | 11:10:00 | By: Pie Kamau
hOS, an AI technology startup started by DataRobot Founder Jeremy Achin, announced the close of a $12.8 million seed round led by NEA, with additional participation from B5 Capital, Cortical Ventures, IA Ventures and Sequoia.


Brazilian fintech startup Trace Finance raises $4.3m seed investment to disrupt global banking for Latin American startups
Published: 16-02-2022 | 10:35:00 | By: Pie Kamau
Trace Finance, a Brazilian fintech startup that enables faster and more streamlined cross-border banking for startups, has announced a $4.3 million seed funding round.


Fifth Wall closes €140m oversubscribed European Real Estate Technology Fund
Published: 16-02-2022 | 10:15:00 | By: Pie Kamau
Fifth Wall, the venture capital firm focused on technologies for the global real estate industry, announced that it has closed an oversubscribed €140 million for its European Real Estate Technology Fund (European Fund).


MENA's c-Commerce startup Zbooni launches in Egypt
Published: 16-02-2022 | 09:59:00 | By: Pie Kamau
Zbooni, MENA's c-Commerce (connected commerce) platform, has announced its official launch in Egypt. The rapidly scaling startup, which is backed by regional and global investors, will support the backbone of the Egyptian economy.


London-based healthtech startup ExSeed secures £2.5m for its male fertility testing kit
Published: 15-02-2022 | 12:28:00 | By: Pie Kamau
London-based male fertility startup ExSeed Health announced the closing of £2.5 million investment round, taking its seed-stage funding to over £5 million.


TDK Ventures invests in green hydrogen-electrolysis startup Verdagy
Published: 15-02-2022 | 11:54:29 | By: Pie Kamau
TDK Corporation announced that subsidiary TDK Ventures, Inc. has invested in green hydrogen company Verdagy to enhance the development and rapid commercialization of their scalable, low-cost approach to hydrogen electrolysis.


Las Olas Venture Capital invests in Leverage.ai to modernize global supply chains
Published: 15-02-2022 | 11:26:00 | By: Pie Kamau
Las OIas Venture Capital (LOVC), announced its third Fund II investment in Leverage.ai. to modernize the global supply chains.


South African fintech startup Stitch raises $21m Series A funding to scale its operations
Published: 15-02-2022 | 09:48:00 | By: Pie Kamau
South African API fintech startup Stitch has raised a $21 million Series A funding round to scale its operations.


Remedial Health joins Y Combinator, raises $1m pre-seed funding to digitize Africa's neighbourhood pharmacies
Published: 15-02-2022 | 09:31:00 | By: Pie Kamau
Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical sector more efficient, has raised $1 million in pre-seed funding to roll out its digital procurement.


Hamburg-based cofenster closes €8m Series A financing for expansion and product development
Published: 14-02-2022 | 11:03:00 | By: Pie Kamau
Software company cofenster raised €8 million in a Series A funding round led by signals Venture Capital with existing investor, Capnamic, reinvesting. In addition, a number of well-known entrepreneurs are participating as angel investors.


[Kenya] More than 5k farmers receive insurance payout
Published: 14-02-2022 | 11:00:00 | By: Bob Koigi


London-based Bramble Energy closes £35m to fund its hydrogen fuel cell technology
Published: 14-02-2022 | 10:33:00 | By: Pie Kamau
London-based fuel cell company Bramble Energy has closed a £35 million investment round to help further expand its game changing capabilities in solving key challenges in the production and implementation of hydrogen fuel cell stacks.


Silicon Valley fintech startup Branch raises $300m to open mobile ecosystem, provide solution to walled gardens
Published: 14-02-2022 | 10:12:00 | By: Pie Kamau
Branch, the cross-platform solution for mobile linking and attribution, has secured $300 milion in funding at a $4 billion valuation, led by existing investor NEA.


OSF partners with Indiana-based venture studio High Alpha Innovation advance startup ideas
Published: 14-02-2022 | 09:59:20 | By: Pie Kamau
OSF HealthCare announced it has chosen High Alpha Innovation, to help rapidly advance ideas from exploration to implementation or commercialization within and outside the health system.


Fraugster partners with Dutch-based fintech startup Payaut to provide fraud prevention services to e-Commerce marketplaces
Published: 14-02-2022 | 09:45:00 | By: Pie Kamau
Fraugster, a German-Israeli payment intelligence company, has partnered with marketplace payout specialist Payaut, an Amsterdam-based fintech startup, to provide fraud prevention services to marketplaces.


Achieving inclusive cocoa and palm oil commercialization in West Africa
Published: 11-02-2022 | 11:30:00 | By: Bob Koigi
Abugre also noted that questions remain with regards to the future of cocoa production given global price trends, climate change, farmers stepping into the sector, and income distribution effects at the local level.


[African Startup Review] Pie Kamau: Capital funding for tech startups gain momentum in 2022
Published: 11-02-2022 | 07:51:00 | By: Pie Kamau
The startup ecosystem in Africa is taking shape. A lot of technological innovations especially in the areas of fintech, e-mobility, e-commerce, healthtech, foodtech and cleantech have seen accelerated growth towards Africa’s digital transformation and innovation.


Gender and social dynamics in smallholder groundnuts commercialisation in Southern Africa
Published: 10-02-2022 | 13:45:00 | By: Bob Koigi
Following these insights, expert commentator Kezia Batisai, Associate Professor at the University of Johannesburg, highlighted key shifts required to support agricultural transformation in the region.


Berlin-based contech startup Flexcavo receives around €7m to expand and digitize the construction industry
Published: 09-02-2022 | 14:40:00 | By: Pie Kamau
After the successful completion of the seed financing round with 6.4 million euros in September 2021, Berlin-based contech startup has increased its capital by around €7 million through various lenders.


Zurich-based smart data capture pioneer Scandit completes $150m Series D funding to expand its global footprint
Published: 09-02-2022 | 14:19:00 | By: Pie Kamau
Zurich-based Scandit, the global player in smart data capture, has completed a Series D funding round of $150 million at a company valuation in excess of $1 billion.


SaaS startup Aramid Technologies raises $2m seed round to redefine quality certification management in global supply chains
Published: 09-02-2022 | 13:56:00 | By: Pie Kamau
SaaS startup Aramid Technologies announced it has raised $2 million in seed funding to expand its flagship product, SmartCert.


Dallas-based Tegan Digital partners with Dents.co startup to revolutionize the collision industry
Published: 09-02-2022 | 13:40:00 | By: Pie Kamau
Dallas-based digital agency Tegan Digital has partnered with Dents.co to develop a startup launch kit, including an email marketing strategy and video production, to support new B2B tech product.


Vietnam-focused retail investing app Infina closes $6m seed funding to accelerate growth
Published: 09-02-2022 | 12:18:00 | By: Pie Kamau
Vietnam-focused retail investing app Infina, announced the closing of $6 million in seed funding from Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks.


Egyptian digital investment startup Thndr raises $20m to democratize investing in the MENA region
Published: 09-02-2022 | 11:58:00 | By: Pie Kamau
Thndr, the Egyptian digital investment platform, announced a new $20 million series A investment round co-led by Tiger Global, BECO Capital and Prosus Ventures.


Amsterdam-based Polestar Capital opens €100m circular economy fund, largest of its kind in Europe
Published: 08-02-2022 | 13:56:00 | By: Pie Kamau
Amsterdam-based Polestar Capital Polestar Capital announced the launch of the biggest circular economy fund in Europe. The fund, called the Polestar Capital Circular Debt Fund (PCDF), has opened at €100 million


London-based m3ter launches from stealth with $17.5m funding to expand into new markets
Published: 08-02-2022 | 13:43:00 | By: Pie Kamau
m3ter, a metering and pricing engine for SaaS companies, launched from stealth with the announcement of $17.5 million in funding. The investment will support m3ter as it builds on significant early traction to expand into new markets.


French fintech startup Silvr raises €130m Series A to support growth of digital companies
Published: 08-02-2022 | 13:28:00 | By: Pie Kamau
French fintech startup Silvr announced a €130 million Series A funding round, to support the growth of digital companies. This fundraising comes at a key moment in development and positions Silvr as the European leader in Revenue Based Financing.


Agribusiness e-Commerce startup Agrizon receives investment to expand operations in Latin America
Published: 08-02-2022 | 12:59:51 | By: Pie Kamau
Agrizon, a specialized cross-border e-Commerce company that connects and delivers worldwide brands of ag inputs to farmers and businesses, has received investment from Latin Leap Venture Capital Studio to expand operations in Latin America.


Cincinnati fintech startup Pay Theory raises $2m seed round to accelerate growth
Published: 08-02-2022 | 12:40:00 | By: Pie Kamau
Pay Theory, a Cincinnati-based fintech startup, has closed a $2 million seed funding round led by Zeal Capital Partners, a Washington, D.C.-based venture capital firm known for its commitment to inclusive investing.


Nigerian healthtech startup Reliance Health raises $40m Series B funding to accelerate growth
Published: 07-02-2022 | 15:32:00 | By: Pie Kamau
Reliance Health, an emerging markets-focused digital healthcare provider, announced the completion of a $40 million Series B funding round led by General Atlantic, a global growth equity investor, with participation from Partech.


Mexican fintech startup Flexio raises $3m seed round to transform B2B payments in Latin America
Published: 07-02-2022 | 14:01:00 | By: Pie Kamau
Flexio, a platform revolutionizing business-to-business (B2B) payments in Latin America, announced it has raised $3 million seed round led by Costanoa Ventures with participation from Soma Capital.


Irish e-mobility startup Modmo raises €8.7m seed round to accelerate urban transportation
Published: 07-02-2022 | 13:45:00 | By: Pie Kamau
Irish e-mobility startup Modmo closed out 2021 with a €5 million investment from Ballymore Group CEO Sean Mulryan, in addition to €2.7 million raised in September and €1 million in March from several angel investors.


Canadian impact venture fund Amplify Capital closes $30.7m Fund II, expands investment team
Published: 07-02-2022 | 12:54:00 | By: Pie Kamau
Amplify Capital, a Canadian impact venture fund, closed its oversubscribed Fund II on January 31, 2022, at $30.7 million. Amplify Capital was rebranded from the MaRS Catalyst Fund after spinning out of the MaRS Discovery District in 2019.


Fintech startups hub Abaca crosses $2b in compliant cannabis commerce
Published: 07-02-2022 | 12:39:00 | By: Pie Kamau
Cannabis banking fintech company Abaca surpassed compliantly processing more than two billion dollars in commerce for the cannabis industry.


Japanese powerhouses mixi and DAZN partner to create a sports NFT marketplace on Flow
Published: 07-02-2022 | 12:04:00 | By: Pie Kamau
Media powerhouse mixi, Inc. and global sports streaming service DAZN Japan Investment GK today announced that DAZN MOMENTS, a sports NFT marketplace, will launch on Flow, a Web3 platform designed for consumer-friendly applications.


Pakistani logistics startup Truck It In raises $13m seed round to transform the road freight industry
Published: 04-02-2022 | 11:24:00 | By: Pie Kamau
Pakistan’s logistics tech startup Truck It In closed $13 million seed round jointly led by venture capital firms Global Founders Capital and Fatima Gobi Ventures.


Wealthtech startup Ndovu launches in Kenya
Published: 04-02-2022 | 09:47:00 | By: Pie Kamau
Wealthtech startup Ndovu officially launched in Kenya. Founded by Radhika Bhachu, Ro Nyangeri, and Gianpaolo De Biase, Ndovu is an investment platform that provides easy access to financial markets.


Casava secures $4m pre-seed funding to provide micro insurance for millions of Nigerians
Published: 04-02-2022 | 09:41:00 | By: Pie Kamau
Casava, Nigeria's digital insurance company has secured $4 million in pre-seed funding to provide affordable and accessible insurance products for millions of Nigerians.


Kenyan insurtech startup Lami acquires Bluewave Insurance Agency
Published: 04-02-2022 | 09:33:06 | By: Pie Kamau
Kenyan insurtech startup Lami Technologies has acquired Bluewave Insurance Agency, another Kenyan-based insurtech startup, for an undisclosed amount.