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[Free Webinar] Accelerating FX Success: Expansion Strategies for Marketing Agencies in Eastern, Western Africa
This event is tailored for marketing executives and CFOs looking to gain actionable insights into international expansion, building a global clientele and establishing strong online presence.
Samsung invests in Skipify to accelerate its next-gen digital wallet
Fintech company, Skipify, has announced a strategic investment from Samsung Next.
STHL East Africa bets on demand for power tools to grow revenues
German power tools manufacturer, STIHL East Africa, has reported a significant increase in revenue in its first year of operation since upgrading its marketing office to a fully-fledged sales subsidiary.
French clinical-stage biotech Abivax secures €75m for product development
Claret European Growth Capital has participated in investing €75m into Abivax.
South Korean Naver-backed AI startup Crowdworks to go public
Crowdworks will be listed on the Korean KOSDAQ market via SPAC merger.
Rho closes deal with Capital to bolster support for tech startups
Rho has completed a transaction to have Capital, the founder-friendly fundraising and banking platform, join Rho.
Travel tech firm Branchspace receives £5m to enhance airline retail digitisation
Gresham House Ventures has completed a £5m investment into Branchspace
Inside the mind of an expert: Fintech AI predictions for 2023, Plug and Play
AI has revolutionized fintech by enabling innovative solutions.
Geek Ventures launches First Fund to support immigrant tech founders
Geek Ventures announced the close of Geek Ventures Fund I, LP.
[Column] Richard Shaw: AI-ready cloud - How hyperscalers empower businesses to thrive in the digital age
Cloud computing has undergone evolution.
MEST Africa Challenge Startup Pitch Competition applications open
MEST Africa has opened applications for its 2023 Challenge Startup Pitch Competition for African startups.
Finnish startup Videobot secures €2m to revolutionize online customer experiences
Videobot, a Finnish SaaS startup, has raised €2 million in seed funding.
Fintech firm LemFi raises $33m to transform financial services for immigrants everywhere
LemFi (formerly Lemonade Finance), has raised $33 million Series A round.
Munich-based Aily Labs raises €19m Series A round to accelerate growth
Aily Labs has raised €19 million in a Series A round
Mendoza Ventures launches Mendoza Impact to close the diverse founder funding gap
Mendoza Ventures has launched a new non-profit, Mendoza Impact.
Meet Kuushy: Sit your way to better health
Poor posture can lead to a whole range of problems – from neck and back pains to even heartburn and constipation.
ZENCE OBJECT secures $2.5m to commercialise sustainable materials from tea residuals
ZENCE OBJECT has secured $2.5m from the AEF Greater Bay Area Fund (AEF GBA).
Irys Insurtech closes $3.5m seed round to take on legacy competitors
Irys Insurtech has closed a seed funding round of $3.5 million.
Industry veterans launch cybersecurity startup Vigiles
Former Trustwave executives have launched a cybersecurity startup, Vigiles.
Human-like AI Meeranda is now a part of Microsoft for Startups Founders Hub
Meeranda announced its acceptance into the Microsoft for Startups program.
Rivery joins AWS ISV Accelerate and AWS Global Startup Program
Rivery announced acceptance into the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program.
Holland Capital fuels conversational commerce advancements, invests in Conversation24
Holland Capital has announced an investment in Conversation24.
APERIO closes $9m Series A1 round to accelerate growth
APERIO, a category leader in operational data quality, announced it has closed $9 million in Series A1 funding.
Nigeria's Treepz among startups selected for 2023 VC4A Venture Showcase Africa
Treepz hes been selected to participate in VC4A Venture Showcase Africa.
Google launches AI First accelerator program for African startups
Google has announced the launch of a new accelerator program to support AI startups in Africa.
Nodal Power raises $13m to build renewable energy power plants at landfills
Nodal Power has raised a $13m to mitigate methane emissions at landfills.
Kamupak and &Repeat join forces to build a Nordic market in circular packaging systems
Finnish Kamupak is merging with Swedish competitor, impact tech startup &Repeat.
Left Lane Capital appoints Chris Taylor as Chief Growth Officer
Left Lane Capital has appointed Chris Taylor as the Chief Growth Officer.
Blue Hour Ventures launches with Fund I spin out
Blue Hour Ventures, an early stage venture capital firm, has announced the firm's launch.
Swedish fintech Klarna records growth in key European markets
Klarna, the global payments network and shopping assistant, announced strong growth across Europe.
SaaS startup Tenant Inc. closes third seed funding round with $25 million
Tenant Inc. has closed its third seed funding round with $25 million.
B2B marketplace startup Ghost raises $30m to help brands and retailers move surplus inventory
B2B marketplace startup Ghost has raised $30m Series B funding.
Glasgow food tech startup ENOUGH raises €40m growth fund to scale mycoprotein production
Glasgow-based food tech startup ENOUGH has raised €40m in growth funding.
BBT.live extends seed funding to $8.4m for secured connectivity as a service
BBT.live has extended its seed funding round to $8.4 million.
Startup Elecate acquires Synergy International to elevate the hospitality and rental software industry
Elecate has acquired Synergy International.
BingX invests in AI and Web3 startup Moonbox to accelerate growth
BingX has invested in Moonbox, a pioneering AI and Web3 startup.
Frankfurt-based compliance startup Qualifyze raises $12m to accelerate healthcare supply chain
Frankfurt-based startup Qualifyze announced a $12m funding round.
[Column] Ololade Odunsi: Global tech job cuts - what African techies can do to thrive
There have been nearly 160,000 Layoffs among US tech companies.
[Column] Mukesh Bector: How Augmented Reality is transforming print technology
The journey of print technology has been nothing short of remarkable.
D'Amelio Brands announces $5m investment into the Food & Beverage space
D'Amelio Brands announced a $5m investment from Fifth Growth Fund (FGF).
Delaware startup Duravo debuts world's toughest lightweight luggage
Duravo announced the launch of the toughest, yet lightest carry-on suitcase in its class.
Visana Health raises $10.1m seed round to bring comprehensive virtual healthcare to women
Visana Health announced the close of $10.1 million in seed funding.
Climate tech incubator Greentown Labs appoints Kevin Knobloch as CEO
Greentown Labs has appointed Kevin Knobloch as the organization's next CEO.
Berlin-based startup Mercanis raises $10m to boost savings for procurement teams
Berlin-based startup Mercanis announced the completion of $10m seed funding.
On-demand logistics and delivery startup Picup opens driver training centres in South Africa
Picup has launched its Driver Training Centres in Cape Town.
Cyber security startup ProjectDiscovery raises $25m, launches Cloud Platform
ProjectDiscovery announced it has raised $25m Series A financing round.
Toothio raises $4m to revolutionize dental staffing
Toothio, the on-demand dental staffing platform announced a $4m seed round.
Apica acquires data fabric startup LOGIQ.AI, raises $10m to modernize data management
Apica announced its agreement to acquire data fabric startup LOGIQ.AI.
Heat battery maker Rondo Energy secures $60m to speed industrial decarbonization
Rondo Energy has raised $60 million in new financing.
Marqo secures $5.2m to bring continuous-learning vector search to businesses
Marqo, the startup enabling AI-powered search, has closed $5.2m seed investment.
Medicare startup MyPlanAdvocate acquires Eversurance to grow the health insurance market
MyPlanAdvocate (MPA), has announced the acquisition of Eversurance.
From catwalks to urban planning: Milan's sustainable city transformation, Plug and Play
Milan is a city known for its vibrant fashion and cultural scene.
Oslo-based AI startup Deckmatch secures €1m funding to accelerate growth
Oslo-based AI startup Deckmatch has successfully raised €1m funding round.
Biocanic closes $600k seed round to accelerate growth of its health intelligence platform
San Diego software platform Biocanic has closed $600k seed round.
Altos Radar raises $3.5m to accelerate development of 4D imaging radars
Automotive radar startup, Altos Radar, has raised $3.5m seed round funding.
UK foodtech startup Clean Food Group raises £2.3m funding to scale operations in advance of Series A
Clean Food Group has announced a further £2.3m funding.
Swedish SaaS startup CodeScene raises €7.5m financing round to accelerate growth
Swedish SaaS startup CodeScene has successfully raised €7.5m financing round.
Berlin-based insurtech startup SureIn closes €4m designed for Europe's SMBs
Berlin-based insurtech startup SureIn has closed a €4 million Seed round.
Tech Square Ventures leads investment in cartonization platform, Paccurate
Paccurate announced the closing of $3.5m round led by Tech Square Ventures.
UK foodtech startup Clean Food Group partners with LATAM food technology specialist, Alianza Team
Clean Food Group has announced a strategic collaboration with Alianza Team.
Generative AI has become an emerging risk for enterprises, Gartner survey
The availability of generative AI became a top concern for enterprise risk executives.
Berlin-based startup NeXtWind secures $750m to build sustainable energy market in Germany
NeXtWind has completed $750m second financing round.
Beond closes $17m seed round to establish world's first premium leisure airline
Beond announced the successful completion of over $17m seed round.
Proptech AI startup Zenerate partners with SoLa Impact to automate affordable housing developments
Zenerate has partnered with SoLa Impact.
AI chat startup Chai announces $205m valuation
Chai, the AI chat entertainment platform, has announced a $205 million valuation.
AI data startup Virtualitics closes $37m Series C funding round
Virtualitics, announced that it has raised $37 million in a Series C financing.
Binance Labs invests in decentralized Rollups-as–a-Service (RaaS) provider AltLayer
Binance Labs has announced a strategic investment in AltLayer.
Treehouse secures $10m to bring EV chargers into homes
Treehouse, an electrification company that delivers turnkey installations for home EV charging, announced $10m in funding.
Nature Coatings secures $2.45m funding to accelerate growth
Nature Coatings announced the successful completion of an oversubscribed $2.45 million seed funding round.
Nigerian mobility fintech Moove secures $76m funding for global expansion
Nigerian mobility fintech Moove, has secured $76 million in new funding.
6 industries that chemical recycling is poised to disrupt, Plug and Play
Chemical recycling is a process in which waste materials are broken down into their original chemical compounds.
sewts raises €7m to shape the future of robotics, automation in the textile industry
Munich-based deep tech startup sewts has closed €7m Series A financing round.
Venture-backed platform eMerge Americas appoints Melissa Medina as new CEO
eMerge Americas, announced that Melissa Medina will step into the CEO role.
AI startup FeatureByte unveils self-service feature platform
FeatureByte announced the release of the FeatureByte self-service feature platform.
Preamble joins NVIDIA Inception to boost AI safety and risk mitigation for enterprises
Preamble announced it has joined NVIDIA Inception.
Cultivated meat startup Meatable raises $35m to accelerate commercial launch of its pork products
Meatable has raised $35m in new funding.
Closing the capital gap on impact investment in Africa, report
African fund managers face unique obstacles that impede their access to capital for social impact.
Copenhagen startup Bactolife raises €30m Series A financing to accelerate growth
Bactolife announced it has successfully raised €>30 million.
Haus raises $17m Series A funding to build the future of growth intelligence
Haus has announced $17 million in Series A funding led by Insight Partners.
Persist AI raises $4m seed financing to accelerate drug formulation
Persist AI announced the close of an oversubscribed $4 million financing round.
Fintech startup Okoora fuels Paysend's Israeli market entry
Okoora, the Swiss-Israeli fintech startup has partnered with Paysend.
Functional Finance raises $8m to expand operational efficiency for the insurance industry
Insurtech startup Functional Finance secures $8m in seed capital.
O'Shaughnessy Ventures launches Grants program
O'Shaughnessy Ventures has announced the launch of the O'Shaughnessy Grants program.
IVIX closes $12.5m Series A funding round to accelerate growth, combat financial crimes
IVIX, announced the closing of a $12.5m Series A funding round
OKX Ventures invests $1m funding round in Hong Kong-based AI and Web3 startup Moonbox
OKX Ventures has announced a $1m investment in Moonbox.
Supportwave raises $2.2m seed funding to accelerate the Future of IT support services
Supportwave has announced the successful closure of its seed funding round.
bp ventures invests £4m in UK-based fleet optimization software provider Dynamon
bp ventures has made a £4 million investment in Dynamon.
SynBio startup Enzymit announces breakthrough in cell-free hyaluronic acid production
Enzymit announced its success in synthetically producing hyaluronic acid (HA).
AI-enabled stealth startup Stackless Data raises $14m seed round to accelerate growth
Stackless Data has raised a seed round at a pre-money valuation of $14 million.
South Korean able-tech startup Kangsters selected for acceleration program by Praxis Labs
Kangsters has been selected to participate in Praxis redemptive acceleration program.
British Business Investments commits €27m to Bootstrap Europe II
British Business Investments has committed €27 million to Bootstrap Europe II.
FAST Accelerator launches 2nd Cohort of AI program for African startups
Flapmax has launched the second FAST Accelerator program.
Kenyan healthtech startup Zuri Health secures additional investment from Marula Square
Zuri Health has secured additional investment from Marula Square.
SnoFox launches from stealth mode with $4.5m in seed funding
SnoFox announced its $4.5 million seed round led by Voyager Ventures.
Hubly Surgical raises $3m oversubscribed funding following FDA clearance
Hubly Surgical has successfully closed its Series seed funding round.
Upskilling startup AlmaBetter partners with Woolf to deliver accredited degrees to online learners
AlmaBetter has partnered with Woolf.
Nigeria's Remedial Health raises $12m to deliver financial services for neighborhood pharmacies
Remedial Health has secured $12m in an equity and debt funding round.
Aachen-based deeptech startup Elevear secures seed financing for audio technology market entry
deeptech startup Elevear has secured seed investment.
London innovation scale-up Wazoku brings innovation to the enterprise with full Teams integration
Wazoku has announced a full integration with collaboration platform Microsoft Teams.
STIHL EA to invest Sh100 million to boost local manufacturing
Power tools manufacturer STIHL East Africa has announced it will invest Sh100 million in local accessories manufacturing every year as it seeks to localise its product development in the region.
[Column] Hardeep Sound: Close the tech skills gap to unlock East Africa’s economic growth
Is a lack of tech skills hampering East Africa’s economic growth? The World Bank data suggests that the digital economy contributes more than 15% of total global GDP.
African fintech Flutterwave secures two additional licenses in Rwanda
Flutterwave, Africa's payments technology company, has announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda.
EG Capital announces anchor closing of its maiden fund to invest in startups across East Africa and Zambia
EG Capital, a growth-oriented private equity impact firm has announced the anchor closing of its first EG-Economic Empowerment Fund LP (EG-EEF), which will invest in medium-sized businesses.
African tech startup SeamlessHR picks Nairobi as its East African Hub
Nigeria’s tech startup SeamlessHR has launched its offices in the Kenyan market, choosing Nairobi as its East African Hub.
Nigerian fintech startup Pivo raises $2m seed round to accelerate growth
Nigerian fintech startup Pivo, announced the closing of $2 million seed round with participation from Precursor Ventures, Vested World, Y Combinator, FoundersX and existing investor, Mercy Corp Ventures.
Tanzanian CPG startup Ramani raises $32m to digitize supply chains
Ramani, a Tanzanian startup focused on consumer-packaged goods (CPG) supply chains, has raised $32 million in Series A debt-equity funding to introduce new financial services as it expands its operations.
Kenyan fintech startup Tanda announces agency banking entry in Uganda, Rwanda, Tanzania
Kenyan fintech startup Tanda announced plans for agency banking entry in Uganda, Rwanda, Tanzania to accelerate growth within the East African markets.
Project points East African women livestock holders to cost effective vaccines
To address these barriers faced by women in East Africa, and generate new evidence on how they can better benefit and participate in these systems, SheVax+ – a regional livestock vaccine initiative – was launched in 2019.
Ugandan agritech startup Inputi receives investment to boost inputs distribution
Ugandan agritech startup Inputi announced it received an investment funding to boost inputs distribution across the country.
Ugandan fintech startup Tugende raises $10m pre-Series B funding to increase portfolio growth
Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking.
German manufacturer The Stihl Group enters Kenyan market
The subsidiary dubbed Stihl East Africa will be its Eastern Africa hub servicing countries that include Kenya, Uganda, Tanzania, DRC, Rwanda, and Burundi among others.
Kenyan-based startup FaidiHR secures funding, eyes expansion
The startup, which offers digital human resource solutions to African companies, said they would use the investment to expand their business in East Africa, eyeing entry into Uganda, Tanzania and DRC.
Ugandan fintech platform Tugende closes pre-Series B investment round to accelerate growth
Tugende, the East African fintech platform providing asset financing and digital services to small businesses, announced it has raised a pre-Series B investment round led by current shareholder Partech Africa.
Nigerian fintech startup Grey partners with Cellulant for East Africa expansion
Nigerian fintech startup Grey, announced the launch of its service to East Africa starting with Kenya in partnership with payments company, Cellulant.
Microsoft launches accelerator program for East and West African startups
Microsoft has announced a new partnership with GreenHouse Labs to facilitate the acceleration of African startups that are at the pre-series A stage.
On-demand transport platform Bolt launches 2nd edition of its Women in Tech internship program in Kenya
On-demand transport platform Bolt announced it has rolled out the second edition of its Women in Tech internship program in Kenya.
Uganda is the happiest country in East Africa, Happiness Index
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.
Kenyan retail tech startup MarketForce raises $40m Series A to scale up super app for Africa’s informal merchants
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.
Kenyan BNPL startup Lipa Later secures $12m funding to expand across Africa
Lipa Later, one of it’s kind buy-now-pay-later (BNPL) company operating in Kenya, Rwanda, Uganda and Nigeria, has raised $12 million from a consortium of investors.
AUDA-NEPAD, JICA, Afreximbank & BCG partner to support 5 East African healthcare startups
The 5 healthcare startups were feted for their completion of the Home Grown Solutions (HGS) Accelerator for Pandemic Resilience.
Kenyan-based Penda Health partners with femtech e-Commerce startup Kasha to ease contraceptive access for consumers
Healthcare solution provider Penda Health announced a partnership with Rwandan femtech e-Commerce startup Kasha, to enable increase access to contraceptive products via the Kasha digital platform.
Kenyan fintech startup Asilimia raises $2 million funding to expand into new markets
The startup raised $1 million in pre-seed funding from a wide range of investors, including two-time unicorn founder, Fredrik Jung Abbou (co-founder of Kry and Lendo), Norrsken Impact Accelerator and other prominent founders from across Europe.
Toronto-based mobility startup Treepz expands to East Africa, acquires Uganda's Ugabus
In a bid to digitize the public transportation system and provide safer, reliable and comfortable commute options across Africa, Toronto-based shared mobility company Treepz, announced its acquisition of a similar Ugandan bus company Ugabus.
Kenyan gaming startup Usiku Games develops Africa’s first mobile football game
Kenyan gaming startup Usiku Games unveiled an amateur football mobile game to promote outdoor physical activities and encourage sportsmanship among youths in East Africa.
DFC invests $1m in femtech e-commerce startup Kasha Global to support women’s health in East Africa
The U.S. International Development Finance Corporation (DFC), disbursed a $1 million equity investment in Kasha Global, an e-commerce company that provides women’s health and personal care products to customers in Rwanda and Kenya.
Kenyan logistics startup Amitruck secures pre-seed funding for expansion across East Africa
Kenyan trucking logistics marketplace startup Amitruck secured an undisclosed investment led by US-based Dynamo Ventures with participation from Plug and Play Ventures and a collection of strategic angel investors.
Interviews.
[Interview] Caroline Mutuku, General Manager, Glovo, Kenya
Caroline Mutuku is Kenya's General Manager of multi-category app Glovo. Caroline joined Glovo in December 2022 from Swvl Kenya where she also served as the General Manager from December 2021. In this interview...read more here
[Interview] Renate Swanepoel, COO, INC. Networking
Renate Swanepoel is an entrepreneur, global networker and inspirational speaker that has helped thousands of people around the world to find their purpose. She has gained significant networking and communication...read more here
[Interview] Anne-Marie Chidzero, Chief Investment Officer, FSD Africa
Anne-Marie Chidzero is the Chief Investment Officer at the Financial Sector Deepening Africa (FSD Africa) Investments. In this interview, she talks about the risks and opportunities in backing Africa’s early-stage startups...read more here
[Interview] James Kilpatrick, Chair, Gravitilab, UK
Gravitilab is a "Space as a Service" business providing research, testing and qualification facilities to space agencies, government, academia and commercial enterprises. The company’s Chair and Chief Finance Officer...read more here
[Interview] Ramanjeet Singh, CEO, Woosper, USA
Woosper is a US-based digital advertising and marketing agency focused on creating experiences that help clients discover their place in the digital world. The CEO Ramanjeet Singh...read more here