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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 3753413 | Tags:

French EV startup Driveco raises $250m to become a European leader in EV charging infrastructure
Published: 12-05-2023 | 14:48:00 | By: Pie Kamau
Driveco, the innovative French electric vehicle charging startup, announced a €250 million fundraising round from Dutch pension fund manager APG.


Customer intelligence and marketing CRM platform Gameball raises $3.5m seed round for international expansion
Published: 17-02-2023 | 08:15:00 | By: Pie Kamau
Gameball, the all-in-one customer intelligence and marketing CRM platform for consumer brands, has announced the completion of a $3.5 million fundraise to accelerate its international expansion.


Nigerian fintech Flutterwave expands into North Africa with new Egypt payments licenses
Published: 10-02-2023 | 08:48:00 | By: Pie Kamau
Flutterwave, Africa's payments technology company, has announced that it has received its Payment Services Provider and Payments Facilitator licenses in Egypt.


Egyptian digital logistics startup Khazenly raises $2.5 million in seed funding to drive product development
Published: 15-06-2022 | 17:38:15 | By: Bob Koigi
Proceeds will be used to develop Khazenly’s products and services, and quadruple its existing facilities. Geographical expansion will also be supported as Khazenly continues its rapid growth trajectory during 2022.


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.


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.


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.


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.


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.


Asia's banking infrastructure startup M2P Fintech raises $56m to accelerate global expansion
Published: 25-01-2022 | 15:31:00 | By: Pie Kamau
M2P Fintech, Asia's financial Infrastructure company, announced a $56 million Series C1 raise led by New York-based global private equity and venture capital firm Insight Partners with participation from MUFG Innovation Partners.


Orange Ventures seed challenge opens applications for Egyptian fintech startups
Published: 10-01-2022 | 13:25:00 | By: Pie Kamau
Orange Ventures has opened applications for its Seed Challenge that will see the VC form award one fintech startup from Egypt with $570,000 in funding.


Egyptian fintech startup Sympl raises $6 million to accelerate growth of its merchant network
Published: 10-12-2021 | 10:11:37 | By: Bob Koigi
Sympl will use the proceeds to accelerate the growth of its merchant network to serve multiple product and service categories across online and in-store merchants as well as improving the product offering to better serve the platform customers.


Egyptian fintech startup KlickIt closes first investment round to further develop its platform
Published: 06-12-2021 | 15:27:25 | By: Pie Kamau
Egyptian fees management and digital collection platform, KlickIt, announced the closing of its first investment round to further develop its platform. The round was led by EFG Finance and Camel Ventures, the venture capital arm of dfin Holdings.


Crypto Valley Venture Capital initiates investment strategy to build blockchain accelerator for African startups
Published: 18-11-2021 | 10:32:00 | By: Pie Kamau
African blockchain disruptors and early-stage startups have joined CV Labs Global Incubation Program Batch 03. The African contingent of incubatees is reflective of Crypto Valley Venture Capital’s (CV VC) global investment strategy.


Egyptian healthtech startup Sotech raises $1m in pre-seed funding to fuel growth
Published: 21-09-2021 | 08:43:00 | By: Pie Kamau
Sotech, an Egyptian e-health startup that specializes in smart IoT, trackable OOH advertising, and data gathering has raised $1 million in pre-seed funding round to scale its operations into the rest of the MENA region.


Recreational vehicle startup RINDEV announces preorder reservations of its experience driven electric side by side
Published: 31-08-2021 | 14:06:00 | By: Pie Kamau
Recreational vehicle disruptor, RINDEV, announced the opening of preorder reservations for their exciting and futuristic electric side by side, designed to address issues of global warming and overall experience.


Insurtech startup Slope Software raises $2m to grow its actuarial modeling platform
Published: 31-08-2021 | 13:23:00 | By: Pie Kamau
Slope Software, the Atlanta insurtech startup that is modernizing actuarial modeling for insurers, announced a $2.0 million investment led by Tech Square Ventures, an early-stage investment firm.


Proptech startup Kocomo raises $56m to tackle cross-border co-ownership of luxury vacation properties
Published: 31-08-2021 | 13:15:00 | By: Pie Kamau
Kocomo, a pre-seed stage proptech startup backed by U.S., European, and Latin American investors, has raised $56 million in debt and equity to tackle cross-border, co-ownership of luxury vacation properties.


Korean space tech startup CONTEC gears up to transform space technology
Published: 31-08-2021 | 13:00:00 | By: Pie Kamau
CONTEC, a Korean startup gearing up to transform the space sector, is working towards providing holistic solutions required for downstream data transmitted by satellites.


Kenyan retail tech startup MarketForce raises $100,000 funding from Harambeans Prosperity Fund
Published: 31-08-2021 | 12:44:00 | By: Pie Kamau
The Harambeans Prosperity Fund, a donor advised investment vehicle formed through the Harambe Entrepreneur Alliance’s network of prominent families and corporations co-invested $100,000 in Y Combinator Harambean venture MarketForce.


South African fintech firm Ukheshe partners with dzcard to expand digital payment solutions in Asia Pacific
Published: 31-08-2021 | 12:35:47 | By: Pie Kamau
South Africa“s fintech startup Ukheshe which has been on a rapid expansion to different markets has announced a new partnership with global next-generation card solutions and digital security company, dzcard.


Egyptian B2B e-commerce startup MaxAB acquires distribution platform WaystoCap
Published: 25-08-2021 | 13:05:58 | By: Bob Koigi
MaxAB, Egyptian B2B e-commerce platform that serves food and grocery retailers, has acquired WaystoCap, the Morocco-based B2B e-commerce and distribution platform that connects retailers with suppliers across Africa.


Autonomous vehicle insurtech startup Koop Technologies raises $2.5m seed round
Published: 24-08-2021 | 15:22:00 | By: Pie Kamau
Koop Technologies, an insurance technology startup specializing in autonomous vehicle and robotics risks announced its $2.5 million seed funding.


AI startup 3AI joins NVIDIA Inception program
Published: 24-08-2021 | 15:12:00 | By: Pie Kamau
AI startup 3AI announced it has joined NVIDIA Inception, an accelerator program designed to nurture startups revolutionizing industries with advancements in AI and data sciences.


Nigerian mobility startup Plentywaka raises $1.2m seed funding, acquires Ghana’s Stabus
Published: 24-08-2021 | 14:49:00 | By: Pie Kamau
Nigerian mobility startup Plentywaka raised $1.2 million seed round, after successfully ending the Techstars Toronto Accelerator Program in July 2021. The startup also announced it has fully acquired Ghana’s mobility startup Stabus.


Arab Bank launches its fintech accelerator program for startups in Egypt
Published: 24-08-2021 | 14:42:27 | By: Pie Kamau
Arab Bank launched its fintech-focused corporate accelerator program “AB Accelerator” in Egypt, following its successful launch in Jordan back in 2018.


South Korean medtech startup Speclipse attracts $7.7m in investments with its laser spectroscopic and AI medical diagnosis technology
Published: 20-08-2021 | 13:17:00 | By: Pie Kamau
Speclipse, a startup specializing in laser spectroscopic and AI-based medical diagnosis technologies and a member of Born2Global Centre, attracted $7.7 million in investments.


Venture capital firm Companyon raises $27.5m for second fund
Published: 20-08-2021 | 13:02:00 | By: Pie Kamau
Companyon Ventures, a venture capital firm leading investment rounds in post-seed, pre-Series A B2B software companies, announced the closing of its $27.5 million second fund midway through the second quarter.


Hiration startup raises $3m to offer its affordable, AI-powered resume-building platform to job seekers
Published: 20-08-2021 | 12:51:00 | By: Pie Kamau
Hiration, the platform that offers world class resources that makes it easy for qualified candidates to create the perfect resumes and find their dream role, announced it has raised $3 million in seed funding from Prime Venture Partners, Venture Highway and Y Combinator.


Healthtech startup bttn. raises $5m seed add-on to modernize medical supply market
Published: 20-08-2021 | 12:16:00 | By: Pie Kamau
Healthtech startup bttn. announced it has closed a $5 million add-on to its seed round led by FUSE. The funds will be used to expand bttn.'s technology, sales, and operations teams wherein it will further expand and refine the platform, foster additional partnerships.


Energy Distribution startup Fuel Me wins Plug And Play's Supply Chain and Logistics Program
Published: 20-08-2021 | 11:55:00 | By: Pie Kamau
Fuel Me, a cloud-based fuel and energy distributor, was selected from a competition with 100 participating companies, for Plug and Play's "Supply Chain and Logistics Program".


Hybrid gaming startup and broadcaster Live Play Mobile launches 24-hour-a-day live-hosted social casino game
Published: 19-08-2021 | 12:35:00 | By: Pie Kamau
Live Play Mobile, a new social gaming platform developer that combines live TV formats with mobile games, has become the first publisher to launch a 24-hour-a-day, live-hosted social casino game with its debut title, Live Play Bingo.


Prieto Battery startup raises $5.7m to accelerate development of solid-state advanced rechargeable batteries
Published: 19-08-2021 | 12:15:00 | By: Pie Kamau
Prieto Battery announced it has closed on the first tranche of its $5.7 million Series C Round financing. The investment will accelerate Prieto's development of its proprietary 3D solid-state rechargeable lithium-ion battery.


Startup venture AvenueAR launches first global music delivery platform
Published: 19-08-2021 | 12:04:00 | By: Pie Kamau
Startup music venture AvenueAR announced the launch of its digital music, a delivery platform where independent artists will have the unique opportunity to submit their music material directly to industry professionals.


Fintech startup Pngme raises $15m Series A funding to power the future of financial services in Africa
Published: 19-08-2021 | 11:46:00 | By: Pie Kamau
Fintech startup Pngme raised $15 million in Series A funding as the company sets out to grow its financial data infrastructure and machine learning-as-a-service platform for financial institutions and fintechs across sub-Saharan Africa.


Kenyan fintech startup Kwara selected for Mastercard Start Path program
Published: 19-08-2021 | 11:42:09 | By: Pie Kamau
Kenyan fintech startup Kwara is among the 11 startups that have been selected to join the Mastercard Start Path program.


Construction tech startup Buildforce closes $4m financing to sustain its revenue growth rate
Published: 17-08-2021 | 13:54:00 | By: Pie Kamau
On the heels of rapid growth, construction tech company Buildforce announced it closed a $4 million round led by TDF Ventures, alongside existing investor Mercury and Austin-based S3 Ventures.


End-to-end e-Commerce startup Cart.com raises $98m Series B to deliver integrated solutions for e-Commerce brands
Published: 17-08-2021 | 13:34:00 | By: Pie Kamau
Cart.com, the end-to-end e-Commerce services provider, announced the close of a $98 million Series B round, bringing the company's total funding since its launch eight months ago to more than $140 million.


Tel Aviv-based innovation hub Drive TLV to expand in the U.S. and Europe
Published: 17-08-2021 | 13:18:00 | By: Pie Kamau
Drive TLV, a unique innovation hub connecting high-tech Israeli startups with major corporate partners around the world, plans to begin working with U.S. and European startup companies next year.


Four Southern Africa’s innovative legal startups proceed to HiiL Justice Accelerator
Published: 17-08-2021 | 12:43:00 | By: Pie Kamau
The Hague Institute for Innovation of Law (HiiL) has announced the four startups that will go on to the prestigious HiiL Justice Accelerator. The four innovators are part of a global cohort of 18 organisations who will receive €10 000 funding and business development support.


Ghanaian startup Plendify launches B2B e-Commerce marketplace
Published: 17-08-2021 | 12:29:00 | By: Pie Kamau
Ghanaian startup Plendify has launched a B2B e-Commerce marketplace to connect customers with small and large African wholesalers, manufacturers, exporters, and importers.


[Startup Interview] Dylan Pfeil, Co-Founder, Business Solutions Centre, South Africa
Published: 16-08-2021 | 13:15:00 | By: Bob Koigi
Business Solutions Centre is a South African-based telecommunication startup that has embraced a business model of providing a one-stop shop for all digital needs of clients.


Sports technology and gaming startup StatusPRO raises $5.2m seed round to accelerate growth
Published: 13-08-2021 | 15:07:00 | By: Pie Kamau
StatusPRO, a sports technology and gaming company that combines player data, augmented reality (AR) and virtual reality (VR) to create a suite of training and gaming products, announced it has raised a $5.2 million seed round.


Mobility fintech startup Moove raises $23m Series A funding to democratize vehicle ownership in Africa
Published: 13-08-2021 | 14:29:00 | By: Pie Kamau
Moove, an African mobility fintech startup, announced it has raised $23 million in Series A funding, led by Speedinvest and Left Lane Capital.


Jiddu acquires CerraCap Ventures portfolio company Nirveda Cognition
Published: 13-08-2021 | 13:44:58 | By: Pie Kamau
CerraCap Ventures, a Global Venture Capital fund, announced acquisition of its portfolio company Nirveda Cognition by Jiddu Inc for an all-stock deal. The transaction is one of a slew of recent exits from CerraCap's investment fund.


11 fintech builders join Mastercard Start Path global network to scale innovation
Published: 13-08-2021 | 12:33:00 | By: Pie Kamau
Mastercard has opened door to startups around the world looking to grow platforms across open banking, predictive financial modeling for small businesses, smart rental payments and beyond.


End-to-end marketing startup Surfside raises $4m to build out its cannabis data activation platform
Published: 11-08-2021 | 14:42:00 | By: Pie Kamau
Surfside, the end-to-end marketing platform turning first party customer data into personalized marketing for the cannabis industry, announced it has raised $4 million in Seed funding.


Next-gen self-storage startup Stuf announces new locations in San Francisco and Oakland
Published: 11-08-2021 | 14:17:48 | By: Pie Kamau
Stuf, the next generation self-storage business that provides easy-to-access and "right next door" storage, announced two new locations in San Francisco and Oakland, California.


Digital Disrupt invests in AI-powered cosmetics startups to reinvent the future of beauty
Published: 11-08-2021 | 13:59:41 | By: Pie Kamau
Openface, a personalized AI-based cosmetics solution, raised $380K as Digital Disrupt VC club looks to pioneer data-driven beauty tech in Europe. Belgian fund Pitchdrive participated in the pre-seed round.


2Gether-International launches first tech cohort with support from Google for Startups
Published: 11-08-2021 | 13:44:03 | By: Pie Kamau
2Gether-International (2GI) announced a new and a first of its kind tech cohort exclusively focused on advancing opportunities for disabled entrepreneurs, with support from Google for Startups.


Tech startup Tetavi closes $20m venture round to increase its presence in North America
Published: 11-08-2021 | 13:28:00 | By: Pie Kamau
Tetavi, a volumetric technology platform, announced it has closed its latest venture round led by New York-based global private equity and venture capital firm Insight Partners, with participation from OurCrowd, Nimble Ventures and additional private investors.


Ecobank launches 2021 edition of its fintech challenge for African startups
Published: 11-08-2021 | 12:59:14 | By: Pie Kamau
The pan-African banking group, Ecobank group, is inviting African fintech entrepreneurs to join the 4th edition of the Ecobank Fintech Challenge.


Healthcare startup Kenshō Health raises $3.5m seed round to build the future of holistic medicine
Published: 10-08-2021 | 13:02:00 | By: Pie Kamau
Kenshō Health, the first care navigation and provider discovery platform for holistic medicine, raised a $3.5 million Seed investment led by KB Partners, with participation from Company Ventures and Gaingels.


25 African female-founded tech startups selected to join CMM PR mentorship program
Published: 10-08-2021 | 12:35:50 | By: Pie Kamau
Twenty-five African female-founded tech startups have been selected for the second edition of The Future is Female Mentorship Program, a PR and communications mentorship program dedicated exclusively to African female tech founders.


New Zealand legaltech startup LawVu raises $17m Series A funding to expand its category leadership
Published: 10-08-2021 | 12:27:00 | By: Pie Kamau
Legaltech startup for in-house legal teams, LawVu, announced it has raised $17 million NZD in Series A funding led by New York-based global private equity and venture capital firm Insight Partners with support from Australian venture capital firm AirTree Ventures.


RentCheck startup raises $3.6m to automate rental property inspection process
Published: 10-08-2021 | 12:05:00 | By: Pie Kamau
After stealthily achieving product-market fit, RentCheck, world's first vision-based, automated property inspection platform, is ready to change the tenant-landlord dynamic. The company will take aim at the tenant "deposit deduction" problem.


Insurtech startup NEXT Insurance participates in Amazon Insurance Accelerator to provide access to affordable General Liability coverage
Published: 10-08-2021 | 11:47:00 | By: Pie Kamau
NEXT Insurance, the digital insurtech company transforming small business insurance, announced it is participating in Amazon Insurance Accelerator, providing Amazon sellers looking to buy insurance with instant quotes at competitive rates.


Naspers Foundry leads $8.3m Series A investment in South African insurtech startup Naked
Published: 06-08-2021 | 14:07:00 | By: Pie Kamau
Naspers, through its early-stage tech investment vehicle Naspers Foundry, invested $8.3 million (R120 million) in Naked, the artificial intelligence (AI)-driven insurtech startup that offers full digital insurance to cars, homes, and valuables.


John Deere acquires agritech startup Bear Flag Robotics to accelerate autonomous technology on the farm
Published: 06-08-2021 | 13:49:56 | By: Pie Kamau
Deere & Company has signed a definitive agreement to acquire agritech startup Bear Flag Robotics for $250 million. Founded in 2017, the Silicon Valley-based startup develops autonomous driving technology compatible with existing machines.


AEI partners with Boeing to expand early-stage investing at HorizonX Ventures
Published: 06-08-2021 | 13:16:41 | By: Pie Kamau
AE Industrial Partners, LP (AEI), announced a partnership with Boeing to manage and invest in HorizonX Ventures, Boeing's venture capital fund.


UK-based adtech startup Playrcart raises £1m as it prepares for growth
Published: 05-08-2021 | 14:06:00 | By: Pie Kamau
UK-based startup Playrcart, the company that makes advertising assets instantly transactional, raised over £1 million in funding and added industry heavyweight Peter Scott as Chairman.


Korean drone startup PABLO AIR expands U.S. drone delivery business
Published: 05-08-2021 | 13:41:00 | By: Pie Kamau
PABLO AIR, a company specializing in drone logistics solutions and delivery services and a member of Born2Global Centre, has collaborated with local American companies to expand its business in drone delivery in the United States.


Tel Aviv and London-based AI construction tech startup Buildots raises $30m Series B funding as its technology reaches 12 countries
Published: 05-08-2021 | 12:51:06 | By: Pie Kamau
Buildots, the AI construction tech company announced a $30 million Series B round led by Lightspeed Ventures with the participation of Buildots’ previous investors; TLV Partners, Future Energy Ventures, Tidhar Construction Group and Maor Investments.


HUAWEI partners with Singapore-based healthtech startup Plano to tackle global problem of myopia
Published: 05-08-2021 | 12:30:00 | By: Pie Kamau
Huawei Technologies and Plano announced a partnership to address the global problem of myopia. Through this partnership, Huawei and Plano will provide Huawei users with easy-to-use, innovative, and science-based technological solutions.


Full-stack delivery scale-up Merqueo raises $50m Series C to expand its grocery delivery service across Latin America
Published: 04-08-2021 | 12:20:00 | By: Pie Kamau
Merqueo, a full-stack delivery scale-up, landed a $50 million series C round led by IDC Ventures, Digital Bridge and IDB Invest. The company is the first and largest full-stack grocery delivery player in Latin America.


Fintech startup Rapyd raises $300m Series E to further enhance its service offering
Published: 04-08-2021 | 12:04:00 | By: Pie Kamau
Rapyd, a global Fintech as a Service company, announced a $300 million Series E funding round led by Target Global.


Audent Global Asset Management leads $11.7m investment round for tech startup Ryff
Published: 04-08-2021 | 11:50:00 | By: Pie Kamau
Audent Global Asset Management, a full-service investment boutique providing global investment solutions, is leading the next round of financing for Ryff, a technology startup that is poised to disrupt the world of visual advertising radically and permanently.


Los Angeles-based veterinary startup Modern Animal raises $75.5m to reimagine veterinary care
Published: 04-08-2021 | 11:36:00 | By: Pie Kamau
Modern Animal, a new kind of veterinary company, announced $75.5 million in funding - a $35.5 million Series A led by True Ventures and Addition and a $40 million Series B led by Founders Fund, who also led the company's Seed round in 2019.


B2B sales productivity startup Nektar.ai closes $8.1m to accelerate product development, launch in the US market
Published: 04-08-2021 | 11:11:00 | By: Pie Kamau
B2B sales productivity startup, Nektar.ai has raised an additional $ 6 million seed round of funding led by B Capital Group, 3one4 Capital and Nexus Venture Partners.


Tech executive Mark Bregman launches Quidnet Ventures, a venture capital fund based in New Zealand
Published: 03-08-2021 | 12:41:00 | By: Pie Kamau
Mark Bregman, a successful tech executive and entrepreneur, has launched Quidnet Ventures, a venture capital fund based in New Zealand and operated out of New Zealand, San Francisco and New York City.


Philadelphia Eagles Rookie Wide Receiver Devonta Smith joins tech startup LifeBrand
Published: 03-08-2021 | 12:24:40 | By: Pie Kamau
LifeBrand, a tech startup that offers solutions to help build and protect personal and corporate brands on social media, has teamed up with Philadelphia Eagles Rookie Wide Receiver DeVonta Smith to take their game to the next level.


Mental health and wellness startup Rey raises $10m Series A funding for expansion through digital capabilities
Published: 03-08-2021 | 11:47:00 | By: Pie Kamau
Rey, a new mental health and wellness company integrating immersive tools and digital interventions with teletherapy, announced $10 million in new funding, increasing its Series A to a total of $26 million.


Confluera named top cybersecurity startup in 2021 Black Unicorn Awards
Published: 03-08-2021 | 11:26:00 | By: Pie Kamau
Confluera, the provider of next-generation cloud detection and response, has been named a winner in the "Top 10 Cybersecurity Startups" category of this year's 2021 Black Unicorn Awards, by Cyber Defense Magazine.


Oregon-based startup Marwall launches LunchPod to change how Americans go out to eat
Published: 03-08-2021 | 11:13:00 | By: Pie Kamau
Oregon-based startup Marwall LLC is releasing the LunchPod, a stainless steel insulated lunch box with custom utensils and a removable, collapsible silicone to-go container with the goal of changing how Americans go out to eat.


Egyptian social e-Commerce startup Taager raises $6.4m seed round
Published: 20-07-2021 | 14:28:00 | By: Pie Kamau
Taager, an Egyptian social e-Commerce startup raised a $6.4 million seed funding round to help it scale its platform and expand across the Middle East.


Banque Misr partners with Microsoft to support fintech startups in Egypt
Published: 14-07-2021 | 12:11:00 | By: Pie Kamau
Banque Misr signed a Memorandum of Understanding (MoU), with Microsoft Egypt to launch the first open innovation program in the Egyptian market, enabling a spurt in fintech startup growth.


Early-stage investor DFS Lab announces fintech and digital economy design sprint for startups in Egypt
Published: 25-02-2021 | 09:09:00 | By: Pie Kamau
Early-stage investor DFS Lab announced it will facilitate a virtual design sprint in March 2021 for fintech startups in Egypt. The sprint is hosted by the Central Bank of Egypt, in collaboration with the Financial Regulatory Authority.


Egypt’s life science startup Nawah Scientific raises $1m round for market expansion
Published: 13-01-2021 | 08:22:00 | By: Pie Kamau
Egyptian life science startup Nawah Scientific announced the the closing a second pre-series A round of $1 million in mixed equity and debt capital, raising its total funding to $2 million.


Egyptian telemedicine startup Docspert Health secures funding round for geographical expansion
Published: 13-01-2021 | 08:03:00 | By: Pie Kamau
Docspert Health, a telemedicine startup with operations in the UK and Egypt, announced it has successfully closed Six-Figure USD investment in seed funding from Flat6Labs and a group of angel investors in the UK and USA.


ITIDA, AUC Venture Lab kick off Startup Launchpad to enrich Egyptian entrepreneurship ecosystem
Published: 25-11-2020 | 16:02:00 | By: Pie Kamau
ITIDA (IT Industry Development Agency) and AUC Venture Lab announced their collaboration on Startup Launchpad, a capacity-building program that empowers entrepreneurs as they launch their technology startups.


Ibnsina Pharma acquires 75% stake in Egyptian health and beauty products startup 3elagi
Published: 18-11-2020 | 10:25:12 | By: Pie Kamau
Ibnsina Pharma signed an agreement to acquire 75% stake in Egyptian health and beauty products startup 3elagi Tech, a platform that links pharmacies with patients to order medicines and cosmetics online.


Egyptian last-mile delivery startup dreevo launches operations with pre-seed funding from EF Logistics
Published: 14-10-2020 | 16:11:00 | By: Pie Kamau
Egyptian last-mile delivery focused startup dreevo raised a six figure US dollar in a bootstrap, pre-seed funding round from EF Logistics, a third party logistic services provider, to introduce agile and affordable technological solutions.


IFC helps boost clean tech startups in Egypt, enables farmers switch to solar
Published: 15-07-2020 | 12:41:00 | By: Pie Kamau
IFC is joining forces with the National Bank of Egypt and MSMEDA to strengthen the clean technology entrepreneurship sector and boost Egyptian farmers’ access to finance for solar irrigation.


Egypt fintech startup MoneyFellows nabs $4 million to drive financial inclusion
Published: 26-06-2020 | 13:18:00 | By: Bob Koigi
Egyptian fintech startup MoneyFellows has secured $4 million in Series A investment from venture capital firms Partech and Sawari Ventures.


Egypt startup Sakneen secures Y Combinator investment
Published: 23-06-2020 | 15:34:00 | By: Pie Kamau
Cairo based real estate startup Sakneen has been backed by Y Combinator in its mission to help homebuyers digitally search for and buy homes in Egypt.


[Startup Interview] Kareem Alkaseer, CEO, MentorLycon
Published: 11-02-2020 | 12:43:00 | By: Bas Vlugt
MentorLycon is a tech startup headquartered in Russia with an active presence in Egypt and expanding to other African countries. It has tapped into Artificial intelligence to provide businesses with bespoke and customer-centric IT solutions