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Orange launches Social Venture Prize in Africa and the Middle East to encourage entrepreneurship
Since 2011, the OSVP prize has been rewarding innovative start-up projects that use and develop new technologies to make a positive impact in Africa and the Middle East
VC firm Golden Gate Ventures expands footprint into MENA region
Golden Gate Ventures, a venture capital fund founded by Silicon Valley natives, has announced the establishment of their first MENA office.
Seedstars launches FIWAM program to boost financial inclusion for women migrants
Seedstars has launched a program to promote financial inclusion for women.
French EV startup Driveco raises $250m to become a European leader in EV charging infrastructure
Driveco, the innovative French electric vehicle charging startup, announced a €250 million fundraising round from Dutch pension fund manager APG.
Saudi Arabian HR tech startup Palm.hr raises $5m pre-Series A round to expand across the MENA region
Palm.hr, a Saudi Arabian HR firm that automates payroll, tracks leaves and absences and monitors employee performance, announced it has secured $5 million in a pre-Series A round.
Modus expands to Sub-Saharan Africa with launch of $75m Africa-focused fund
Modus, a Venture Platform operating in MENA comprising VC funds, Venture Builders, and a Corporate Innovation arm, has announced the launch of Modus Africa – a $75 million SDG-focused VC fund that will invest in Africa’s boldest startups.
UAE fintech startup Pemo launches all-in-one spend management platform for MENA SMEs
Pemo, the UAE-based fintech startup empowering businesses across the Middle East, North Africa and Pakistan (MENAP),has announced that it has launched its all-in-one spend management platform.
Healthtech startup Esaal raises $1.7m seed round to scale expansion across the MENA region
Esaal, an online health and wellness consultation platform for patients in the Middle East and North Africa (MENA), has wrapped a $1.7 million seed funding round, to scale its expansion across the MENA region.
CE-Creates merges with hatch & boost in MENA's first venture-builder merger for startups
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.
Logistics startup Swvl acquires Volt Lines, enters European market
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.
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.
Vehicle financing startup Moove partners with Swvl for EV buses across the MENAP region
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.
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.
Pakistani logistics startup Truck It In raises $13m seed round to transform the road freight industry
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.
B2B marketplace startup Retailo raises $36m Series A funding to empower community commerce in the MENA region
Retailo, the B2B marketplace startup for retailers in Middle East, North Africa, and Pakistan (MENAP), has raised $36 million in its Series A investment round which was a mix of equity and venture debt.
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.
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.
French real-time engagement startup Sparkup expands in the Middle East
Sparkup, a French startup specializing in real-time engagement solutions, has chosen to expand in the Middle East and will introduce its latest innovations at GITEX and CABSAT in Dubai.
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.
Recreational vehicle startup RINDEV announces preorder reservations of its experience driven electric side by side
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
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
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
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
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
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.
Autonomous vehicle insurtech startup Koop Technologies raises $2.5m seed round
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
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.
Healthtech startup BASMA.com raises $3m Series A round to scale up its platform in the MENA region
UK-based, MENA focused, startup BASMA.com closed $3 million Series A funding led by MEVP with the participation of SOSF, IM capital and returning investors iSME, Cedar Mundi Ventures and IFA capital, to scale up its healthtech platform in the MENA region.
Nano raises $90m pre-IPO funding round to accelerate growth
Nano Cures (Nano), a clinical stage biotechnology and infectious disease immunity platform company, announced a $90 million pre-IPO funding round.
Teleporter mobile app 360VUZ joins first "Google for Startups Accelerator" in the MENA region
360VUZ, the immersive video mobile app was selected to join the first ever "Google for Startups Accelerator" in the MENA region, that is held by Google as part of its "Grow Stronger with Google Initiative"
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