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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.
French startup Kamino Retail raises €1.25m pre-seed round to accelerate growth
Kamino Retail announced a pre-seed funding of €1.25m from business angels.
Swedish tech lender Ark Kapital appoints Annika Falkengren to the Board
The Swedish Ark Kapital has appointed Annika Falkengren to its Board of Directors.
Lumi secures seed funding to revolutionize disposable packaging industry with LumiCup
Lumi announced the closing of its seed funding round.
Biotech startup Deka Biosciences closes $20m to advance product pipeline
Maryland-based biotech company Deka Biosciences, has closed $20m financing.
Israeli AIOps startup Senser launches with $9.5m to disrupt legacy observability technology
Senser has emerged from stealth with $9.5m in seed funding.
South African payments startup Revio raises $5.2 seed round to grow coverage across Africa
Revio has announced a seed investment round of $5.2m.
Healthtech SaaS startup Doceree raises $35m to accelerate growth
Doceree, the global network of physician-only platforms for programmatic messaging, announced a $35m Series B round.
UnitX raises $5m to elevate manufacturing quality with AI-powered defect detection
UnitX has announced a $5m investment from SE Ventures.
LinkedIn names renewable power producer BrightNight as top U.S. startup
BrightNight has been named as top U.S. startup by LinkedIn.
MassChallenge opens call for its 2024 fintech accelerator program
MassChallenge FinTech has opened applications for its sixth fintech accelerator program.
Paris-based startup Ondorse raises €3.8m to expand KYC solution in Europe
Ondorse, a business KYC solution, has raised €3.8m seed round.
Data from 400+ startups indicates massive SVB and FRB fallout on startup banking sector
Kruze Consulting has analyzed banking data from 400+ startups.
AI testing startup Kolena secures $15m Series A investment to accelerate growth
Kolena has secured $15 million in a Series A funding.
SUNeVision launches first startup programme to advance innovations in Hong Kong
SUNeVision has announced the launch of its first startup programme.
Backbase partners with FrankieOne to provide digital onboarding solutions in Australia
Backbase announced its strategic partnership with FrankieOne.
AI-powered startup Giftpack closes $4.3m seed round to streamline corporate gifting
Giftpack AI announced the completion of its seed round led by Chang Hai Lin.
Swedish startup QA.tech raises $1m pre-seed round to revolutionize software testing
Swedish startup QA.tech has raised $1m in pre-seed funding round.
Unlocking the future of drug discovery with AI, BBC Research
BCC's newly released report unveils the extraordinary impact of AI on pharmaceutical and biotech sectors.
Techstars invests in ILUMA AI, the AI copilot for C-levels and team leads
Techstars, a pre-seed and early stage venture capital firm, has announced its investment in ILUMA AI.
Google for Startups Growth Academy: AI for Health unveils the 2023 cohort
The Google for Startups Growth Academy: AI for Health has unveiled its 2023 cohort.
IFC invests in e-Commerce platform ANKA to support Africa’s creative Artisans
IFC has invested $3.4m equity investment in African e-Commerce platform ANKA.
Genus AI secures over $6m seed extension round for Generative AI in e-Commerce
Genus AI, a generative AI platform, has secured over $6m in a seed round extension
Hexagon announces nine startups set to transform manufacturing sustainability and digital reality
Hexagon has announced the nine startups chosen for its third Sixth Sense cohort.
Unitus Ventures, Capria Ventures unite to create Global South VC powerhouse
Unitus Ventures announced it is joining forces with its US affiliate Capria Ventures.
[Column] Sandi de Souza: Why top-performing companies use AI to boost procurement
Leading organisations are augmenting their source-to-pay processes with AI
Flapmax announces 12 African startups selected for FAST Accelerator program
Flapmax announced the twelve companies selected for FAST Accelerator program.
Openvolt raises €1.5m to enable the next generation of energy applications
Openvolt has raised a pre-seed round of €1.5m led by Cavalry Ventures.
Kayna insurtech raises €1m to revolutionize small business insurance
Kayna insurtech has closed a €1m pre-seed funding round.
HealNow secures $5.5m seed funding to transform pharmacy payments experience
HealNow has announced a $5.5m seed round led by Bonfire Ventures.
AI will create more jobs than it replaces, report
Amid rapid digital transformation across the workforce, nearly two-thirds of business leaders believe AI will spur the creation of new jobs.
HiddenLayer raises $50m Series A funding to safeguard AI
HiddenLayer, the security provider for AI models and assets, has raised $50 million in Series A funding.
7Rivers launches in Milwaukee with Snowflake partnership
7Summits Founder Paul Stillmank and industry veterans have announced the launch of 7Rivers.
BitX Capital pioneers startup business loans with no money required
BitX Capital has introduced an innovative solution for budding entrepreneurs.
UAE-based digital assets startup Fuze raises $14m seed round
Fuze has unveiled a record-breaking seed round of $14 million.
Kenyan insurtech startup Turaco acquires Ghana’s MicroEnsure
Turaco, the Kenyan insurtech startup, has acquired MicroEnsure Ghana from MIC Global.
Plan A closes $27m to scale its business decarbonisation platform
Plan A has closed $27m funding round led by Lightspeed Venture Partners.
Indigo Ag accelerates sustainability programs for farmers with $250m fundraise
Indigo Ag has raised $250m to drive innovation and sustainability.
[Electric pickups] The next big EV opportunity, IDTechEx
Electrification in the US is at an earlier stage than other regions globally.
Generative AI startup Yurts raises $16m Series A funding to accelerate growth
Yurts announced a $16 million Series A to support its acceleration into the market.
Five Kenyan cleantech startups selected for JICA’s Project NINJA accelerator
Five Kenyan cleantech startups have been selected for the 3rd cohort of JICA.
Helsing raises €209m Series B to bolster defence AI capabilities for democracies
Defence AI company Helsing, announced it has raised €209m Series B funding.
Hyundai Mobis expands its discovery of Silicon Valley mobility startups in the US
Hyundai Mobis is expanding its investments in global startups.
Montreal startup Urbanoid files patent for AI solution based on location intelligence
Urbanoid has developed an innovative technology for marketers to target ads.
Nigerian mobility startup Mecho Autotech raises $2.4m, ventures into wholesale spare parts distribution
Nigerian mobility startup Mecho Autotech, has closed $2.4m pre-Series A investment.
Touring Capital launches to invest in next-gen early growth stage SaaS startups
Venture Capital Veterans announced the launch of Touring Capital.
Anita Rehman joins deep tech venture firm Celesta Capital as Partner
Celesta Capital has appointed Anita Rehman as Partner.
Ugandan Agritech startup Emata raises $2.4m seed funding
Ugandan agritech startup Emata has raised $2.4 million in seed funding.
Plug and Play, Visa launch Inclusive Fintech Accelerator to advance diverse founders in fintech
Plug and Play and Visa have launched Inclusive Fintech Accelerator program.
Creative tech startup Artlist launches 100K Fund to support video creators
Artlist has launched a 100K Fund, a unique one-time grant offered to creators.
Aussie startup Refilled launches to save single-use plastic bottles sold from vending machines
Refilled, a climate tech startup, has been launched.
Pink Shark PR launches Startup Press Accelerator program
Pink Shark PR has launched first of its kind Startup Press Accelerator program.
Treefera secures $2.2m to revolutionize carbon offsetting through AI-driven transparency
Treefera announced the successful closure of a $2.2 million pre-seed funding round.
Mythic Protocol raises $6.5m to build the world first collaborative entertainment
Mythic Protocol has closed an oversubscribed $6.5 million seed round.
London-based Q-Bot secures €4m to drive expansion in Europe and the U.S.
London-based Q-Bot has raised €4 million to insulate people’s homes with robotics and AI.
Big name VCs back startup to solve multi-billion dollar banking problem
Fintech startup N5 has secured the backing of a number of high profile investors.
London-based Binalyze secures $19m Series A funding for enhanced cybersecurity
Binalyze has raised $19m Series A round of funding.
Catalyst Fund marks its first close to back climate tech startups in Africa
The Catalyst Fund has reached the first close of its targeted $40m fund.
South Korean edtech startup Mathpresso secures $8m to accelerate growth
Mathpresso has raised $8m from Korea's telecom giant, KT.
Indian healthtech startup Bonatra launches Wearable Smart Rings for wellness
Healthtech startup Bonatra has launched Wearable Smart Rings.
YC-backed Hadrius raises $2m seed round to power SEC compliance using AI
Hadrius has secured $2m in seed funding to automate SEC compliance.
UK-based Open Cosmos raises $50m to grow its sustainable space tech and satellite data
Open Cosmos has raised $50m in Series B funding.
Investor-founder disconnect poses major threat to African tech funding
African tech investors will not invest follow-on funding in a startup failing to provide regular reporting updates.
Fine art tech startup TRLab raises $5m to accelerate growth
Fine art-focused tech startup TRLab, has raised $5m in seed round funding.
Start WellTech opens global call for market-ready mental health and wellness startups
Start WellTech has opened a call for market-ready mental health and wellness startups.
AWS Senior Principal Mike Spertus joins Generative AR startup Enklu as CTO
Enklu has announced the appointment of Mike Spertus as the new CTO.
Agetech startup Blooming Health raises $4.2m to power healthy aging-in-place
Blooming Health announced the close of an oversubscribed $4.2m seed round
[Column] Vignesh Subramanian: Harnessing Generative AI in the enterprise
AI has certainly been hitting the headlines in 2023.
We Venture Capital launches to invest in early-stage diagnostics startups
We Venture Capital, the venture capital operation of Werfen, announced its launch.
Taurean Surgical secures funding to democratize robotic surgery in emerging markets
Taurean Surgical has announced a significant pre-seed funding round.
Irish Tech Challenge 2023 for tech startups launches in South Africa
The Embassy of Ireland in South Africa has opened applications for the Irish Tech Challenge 2023.
Swedish startup Novatron Fusion secures €5m seed funding to propel fusion energy innovation
Novatron Fusion announced the successful closure of its seed round, raising €5m.
Dutch-based EIT InnoEnergy secures over €140m to accelerate growth of its portfolio companies
EIT InnoEnergy has successfully completed its private placement round of over €140m.
ReOrbit completes oversubscribed $7.4m seed funding to enable real-time dataflow in space
ReOrbit has completed an oversubscribed Seed funding round for $7.4 million
Explainable-AI startup ZAC achieves precise 3D descriptions of objects for US Air Force
ZAC has achieved precise 3D descriptions and measurements for US Air Force.
Japanese startup Josys raises $93m Series B funding to revolutionize global IT operations
Josys announced a successful Series B funding round of $93 million.
[Column] Marcel Bruyns: AI is getting smarter and critical infrastructure is set to benefit
AI has emerged as a defining trend in today's business arena.
Harmonya raises $20m Series A to transform CPG and retail with AI-powered product data
Harmonya announced a $20m Series A, bringing total funding to $25 million.
[Column] Dong Won Lee: Tech innovations should enrich the total customer experience
New technologies are now ingrained in our lives.
Rockset raises $44m in funding to power search, analytics, and AI applications
Rockset has raised $44 million bringing total capital raised to $105 million.
Nevia Bio completes $3m seed round to build a platform for early detection of women-related diseases
Nevia Bio has completed $3.1m seed round.
Miri announces first-of-its kind AI health and wellness platform
Miri, the first-of- its-kind AI health and wellness platform, has announced its public beta launch.
Kids footwear brand jbrds closes $500k seed round, establishes $5m valuation
jbrds has subscribed a modest seed round of $500k, establishing a $5,000,000 valuation.
Mitsui Sumitomo Insurance Venture Capital joins Israeli startup nT-Tao's Series A funding round
Mitsui Sumitomo Insurance Venture Capital has joined nT-Tao's Series A funding round.
French startup Teale secures €10m to become the European leader in mental health
Parisian Digital mental health platform Teale, has raised €10m second round of funding.
Cikisi raises €2.7m pre-Series A round to accelerate growth and extend its market
To fuel its growth over the next two years, Cikisi has raised €2.7 million this summer.
Liviri launches independent e-Grocer grant program
Liviri is launching its first-ever e-Grocer grant program – an initiative that will award resources to an independent grocer.
[Introducing Vouch Horizon] A new approach to insurance for scale-stage startups
Vouch, a pioneer in business insurance for VC-backed startups, unveils Vouch Horizon.
Startup Chai offers salary of $875K to compete with OpenAI for Generative AI talent
Chai Research is offering salaries exceeding $875K to compete with OpenAI.
Seedstars launches FIWAM program to boost financial inclusion for women migrants
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
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.
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