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Customer intelligence and marketing CRM platform Gameball raises $3.5m seed round for international expansion
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
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
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
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
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
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
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
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
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
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.
Los Angeles-based healthtech startup Kiira Health raises $4m to transform healthcare for young women
Kiira Health, a Los Angeles-based healthcare technology company, closed a $4 million seed round led by 500 Global and Forum VC.
Luxury Travel Hackers launches equity crowdfunding campaign for its influencer based travel startup
Luxury Travel Hackers (LTH) has launched its regulation crowdfunding raise via popular platform Start Engine.
Israeli SaaS security startup Atmosec raises $6m seed round to secure SaaS ecosystems
Atmosec, the SaaS security venture, announced its official launch out of stealth as well as the completion of a $6 million seed funding round, led by Glilot Capital Partners and Battery Ventures.
Spa and salon marketplace startup Spa Space raises $3m seed funding to accelerate growth
Spa Space announced the closure of a $3 million seed round of funding. The three-sided vertical marketplace for the spa and salon industries solves the therapist shortage with a wide range of on-demand staffing solutions.
Crypto investment startup Stacked raises $35m to build out regulated products for retail crypto investors
Stacked, a crypto-investing software that allows users to manage assets and invest in pre-built portfolios and strategies, announced it has raised $35 million Series A funding round led by Alameda Research.
Kenyan fintech startup Paylend raises $2m seed investment to accelerate growth
Paylend, a Kenyan fintech startup focused on providing access to finance and digitizing MSMEs in Kenya announced it has raised $2 million seed investment from Next Chymia Consulting HK Limited.
Next Century Ventures announces inaugural investment in U.S.-based Urban Air Mobility startup ANRA Technologies
Next Century Ventures (NCV), announced it has invested in ANRA Technologies, the forerunner of air traffic control and commercial solutions in the Urban Air Mobility (UAM) industry.
TDK Ventures invests in scalable driverless transportation startup Faction
TDK Corporation announced that subsidiary TDK Ventures, has invested in scalable driverless transportation startup company, Faction.
Israeli influencer marketing startup Humanz raises $8m to accelerate growth
Humanz, an AI powered influencer marketing platform that connects influencers & content creators with brands, announced it has closed an $8 million seed round led by the Stardom Ventures fund.
Nigeria tech startups raised $1.7billion in 2021, report
Since the beginning of 2021, Africa-based tech startups have raised more than $2.9 billion with Nigerian startups which are creating new products, services, and platforms raising $1.7 billion of this total or about 60% of it, a new report has found.
Nigeria's Ventures Platform closes first $40m pan-African fund
Nigeria-based Ventures Platform has announced the first close of its $40 million pan-African fund to invest in market-creating innovations across Africa.
Kenyan fintech startup Tanda inks deal with Twiga Foods to enable vendors vend its digital financial services
Kenya’s fintech startup Tanda announced a new partnership with Twiga Foods that will see Twiga vendors become a one-stop-shop for a variety of digital and financial services offered by Tanda.
Medical device startup ViCentra closes €65m Series C funding to expand footprint of insulin pump across Europe
ViCentra, the company behind Kaleido, world's smallest and lightest wearable insulin pump (patch pump), announced the closing of €65 million Series C financing.
Philanthropi startup raises $4m to power charitable giving legacies of everyday donors
Philanthropi, the company revolutionizing charitable giving by democratizing philanthropy through its "giving-as-a-service" platform, announced it raised $4 million in funding from lead investor Amex Ventures.
Africa-focused edtech startup Edukoya raises $3.5m pre-seed round to accelerate growth
Edukoya, an Africa-focused online learning platform, has raised $3.5 million in a pre-seed round led by Target Global with strategic participation from angel investors including European and African founders.
IFC, ADGM launch She Wins Arabia initiative to boost opportunities for women-led startups and businesses across MENA
IFC and Abu Dhabi Global Market (ADGM) launched She Wins Arabia, an initiative to help women-led startups across the MENA region, get the advice, finance, and mentorship they need to grow.
Kenyan tech startup Wowzi raises $3.2m seed funding to expand across Africa
Kenyan tech startup Wowzi has raised $2 million in seed funding to expand its digital marketplace across Africa.
Polymer No-Code DLP closes $4m seed round to protect leakage of sensitive customer data
Polymer, the cloud native No-Code Data Loss Prevention (DLP) solution for third party SaaS platforms, today announced the completion of a $4 million Seed round led by Story Ventures.
Munich-based startup ZenML raises $2.7m to advance open source MLOps framework
ZenML, the creator of the extensible open source Machine Learning Operationalization (MLOps) framework for data scientists, announced it has raised $2.7 million in its seed round led by Crane Venture Partners.
Mental healthcare startup UpLift raises $8m funding to integrate psychiatry into its delivery platform
UpLift, the first vertically integrated mental healthcare delivery system, announced its expansion into psychiatry as well as the closing of $8 million in secondary funding.
Canadian electric vehicle startup eLeapPower raises $21m funding to accelerate initial production and global growth
eLeapPower, a technology innovator revolutionizing electric vehicles inside and outside, with its Smart Inverter System, announced it raised $21 million CAD in Series A funding.
FirstEnergy invests in Venture Capital Fund to help advance sustainable energy innovation
As part of its efforts to advance new technologies that will benefit customers and address climate change, FirstEnergy announced an incremental investment in global venture capital firm Energy Impact Partners' (EIP) Fund II.
Egyptian fintech startup Sympl raises $6 million to accelerate growth of its merchant network
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.
[Startup Interview] Roman Bysko, CEO, Meredot, Latvia
Meredot is a Latvia-based mobility infrastructure startup that develops electric fueling stations to charge an e-scooter wirelessly and help cities thrive by resolving mobility issues and maximizing the benefits of micro-mobility. The startup’s Co-founder and CEO elaborates.
U.S. housing technology startup Jupe raises $9.5m seed round to build pop-up shelter system
Housing technology startup Jupe announced $9.5 million in seed funding led by Initialized Capital with participation from Y Combinator. The money will be used to hire a CTO and a wider team of software and hard tech engineers.
Binance Labs leads $1.5m seed round for BBS Network
Binance Labs, the venture capital and incubation arm of Binance, led the $1.5 million seed round for Bulletin Board System (BBS) Network, a decentralized Web3.0 public network of user-run online message boards.
London-based professional networking startup myGwork secures £1.6m for global expansion
myGwork, the global business LGBTQ+ recruitment and networking platform, has secured £1.6 million in the latest funding round led by 24Haymarket to grow its user base and continue with its international expansion plans.
Subscription Management startup Chargebee opens new office and data center in Australia
Chargebee, the subscription management platform, announced it has opened a dedicated office and data center in Sydney, Australia to support SaaS and subscription businesses and ensure APP compliance.
MENA’s media & entertainment startup Minly acquires Dubai’s celebrity shoutout platform Oulo
Minly, the MENA region’s media & entertainment startup, announced the acquisition of Oulo, a Dubai-based celebrity shoutout platform focused on the Levant region.
German indoor positioning tech startup NavVis raises €25m funding to digitize commercial buildings and assets
NavVis, a global leader in end-to-end solutions for reality capture and digital twins, announced it received €25 million of fresh equity funding that complements the recent €20 million debt funding from the EIB.
Netherlands emerging as 'Hottest Tech Hub' in Europe, not reaching its full potential yet, report
Atomico, an international investment firm that focuses on helping disruptive technology companies scale globally, announced that the Netherlands is emerging as Europe's hottest tech hub.
U.S. healthtech startup Vim accelerates growth with opening of offices in New York and Tel Aviv
Vim, a technology company building digital infrastructure for U.S. healthcare, opened a new office in Midtown Manhattan and in Nahalat Yitzhak in Tel Aviv, Israel, to accommodate its rapidly growing workforce.
Egyptian fintech startup KlickIt closes first investment round to further develop its platform
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.
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.
Nigerian B2B e-Commerce startup TradeDepot raises $110m to extend ‘Buy-Now-Pay-Later’ services to African retailers
TradeDepot, the B2B e-Commerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to SME retailers.
Canadian bike-tech startup MyVeloFit secures seed funding to scale up its operations, expand service offering
Canadian bike-tech startup MyVeloFit secured seed funding with Shopify's former Chief Technology Officer Cody Fauser leading the investment.
TDK Ventures backs innovative nanomaterials coating technology startup, actnano
TDK Ventures has invested in the Series B financing of actnano, a nanomaterials technology company that is setting new standards for electronics protection with its water and environmental-resistant smart coating solutions.
South Korean AI optimization startup Nota raises $14.7m series B to expand its global business
Nota, an AI optimization platform startup, acquired series B funding amounting to $14.7 million that is announcing. The series B funding was finalized last month, a year after the series A funding of $6.7 million.
Danish healthtech startup Dawn Health raises $25m investment to revolutionize digitalization of global life science industry
Dawn Health, a global leader in digital health, received $25 million investment from a consortium of highly experienced investors.
Tōquidity secures seed round investment from Global Blockchain Ventures Fund
Tōquidity, a Tokenization as a Service company that unlocks liquidity for business and asset owners through digitization, announced Global Blockchain Ventures Fund, LP (GBV) has filled Tōquidity's seed round of funding.
Crypto Valley Venture Capital initiates investment strategy to build blockchain accelerator for African startups
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
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.
Egyptian B2B e-commerce startup MaxAB acquires distribution platform WaystoCap
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.
Arab Bank launches its fintech accelerator program for startups in Egypt
Arab Bank launched its fintech-focused corporate accelerator program “AB Accelerator” in Egypt, following its successful launch in Jordan back in 2018.
Egyptian social e-Commerce startup Taager raises $6.4m seed round
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
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
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
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
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
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
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
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
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
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
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
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
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