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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 3895509 | Tags:

Orange launches Social Venture Prize in Africa and the Middle East to encourage entrepreneurship
Published: 19-04-2024 | 17:05:11 | By: Bob Koigi
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
Published: 12-01-2024 | 12:08:03 | By: Bob Koigi
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
Published: 06-07-2023 | 14:42:00 | By: Pie Kamau
Seedstars has launched a program to promote financial inclusion for women.


Saudi Arabian HR tech startup Palm.hr raises $5m pre-Series A round to expand across the MENA region
Published: 13-02-2023 | 09:31:00 | By: Pie Kamau
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
Published: 22-11-2022 | 10:11:00 | By: Pie Kamau
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
Published: 01-06-2022 | 10:32:24 | By: Pie Kamau
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
Published: 31-05-2022 | 11:18:00 | By: Pie Kamau
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
Published: 11-05-2022 | 11:25:37 | By: Pie Kamau
CE-Creates, the business incubation platform of Crescent Enterprises, has completed the merger of its portfolio of startups with hatch & boost, an Abu Dhabi-based venture-builder dedicated to ‘hatching’ startup ideas.


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


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


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


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.


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


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


South African fintech Ukheshe achieves Level One B-BBEE rating
Published: 04-02-2022 | 09:27:47 | By: Pie Kamau
South African fintech, Ukheshe Technologies, has significantly improved its B-BBEE performance, becoming one of the only South African fintech enablers to achieve a Level One B-BBEE Contributor certification.


Docklands Ventures acquires South African proptech startup ParkUpp
Published: 04-02-2022 | 09:20:00 | By: Pie Kamau
Real estate investment company Docklands Ventures has acquired South African proptech startup ParkUpp for an undisclosed amount.


FirstEnergy invests $2.5m venture capital fund in Energy Impact Partners' to advance sustainable energy future
Published: 02-02-2022 | 13:04:00 | By: Pie Kamau
To help advance a sustainable energy future, FirstEnergy Corp. announced a $2.5 million investment in global venture capital firm Energy Impact Partners' (EIP) Frontier Fund.


SaaS management startup NachoNacho raises $3m to upend the SaaS industry
Published: 02-02-2022 | 12:48:00 | By: Pie Kamau
NachoNacho, a single destination for businesses to manage, discover, and buy SaaS products, and for SaaS vendors to acquire net new paying customers, announced the close of $3 million seed round.


Australian climate tech startup UPowr launches Helios to help companies decarbonise customer base, increase LTV
Published: 02-02-2022 | 12:27:00 | By: Pie Kamau
Australian climate tech company UPowr, launched its flagship climate software solution Helios in beta mode to select partners.


Kenyan logistics startup Amitruck raises $4m seed funding to accelerate digital solutions across Africa
Published: 02-02-2022 | 12:09:00 | By: Pie Kamau
Kenya-based digital trucking logistics startup Amitruck has announced it has secured $4 milllion in a seed funding round that had the participation of investors from Africa, Asia, Europe, the Middle East, and the U.S.


African mobility fintech company Moove secures $10m financing to support expansion to West Africa
Published: 02-02-2022 | 12:02:00 | By: Pie Kamau
NBK Capital Partners Mezzanine Fund II has announced that it closed a $10 million financing facility with Uber's exclusive vehicle supply partner in Africa, the mobility fintech, Moove.


B2B marketplace startup Retailo raises $36m Series A funding to empower community commerce in the MENA region
Published: 01-02-2022 | 13:47:00 | By: Pie Kamau
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.


F-Prime Capital launches F-Prime Fintech Index to track the performance of disruptive fintech startups
Published: 01-02-2022 | 13:27:00 | By: Pie Kamau
F-Prime Capital announced the launch of The F-Prime Fintech Index, designed to track the performance of disruptive fintech companies enabling the delivery of core financial services across payments.


Israeli AI startup Forwrd raises $3.5m to make every corporate employee data-driven
Published: 01-02-2022 | 13:18:00 | By: Pie Kamau
Forwrd, the provider of automated predictive analytics aimed at guiding business decision making, announced it secured $3.5 million in seed funding to transform non-technical frontline employees into data driven decision makers.


Event tech startup Vendelux raises $2.4m seed round to provide marketers with event marketing intelligence
Published: 01-02-2022 | 12:24:00 | By: Pie Kamau
Vendelux, the premier Event Intelligence Platform that enables marketers to maximize the impact from the event marking channel, announced the closing of $2.4 million in seed capital financing.


IFC, ADGM launch She Wins Arabia initiative to boost opportunities for women-led startups and businesses across MENA
Published: 16-12-2021 | 10:56:00 | By: Pie Kamau
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
Published: 08-12-2021 | 13:10:00 | By: Pie Kamau
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
Published: 07-10-2021 | 12:59:47 | By: Pie Kamau
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
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.


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.


Healthtech startup BASMA.com raises $3m Series A round to scale up its platform in the MENA region
Published: 16-06-2021 | 10:42:00 | By: Pie Kamau
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
Published: 15-03-2021 | 15:13:00 | By: Pie Kamau
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
Published: 23-02-2021 | 07:34:00 | By: Pie Kamau
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"