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Rockset raises $44m in funding to power search, analytics, and AI applications
Rockset has raised $44 million bringing total capital raised to $105 million.
bp ventures invests £4m in UK-based fleet optimization software provider Dynamon
bp ventures has made a £4 million investment in Dynamon.
SnoFox launches from stealth mode with $4.5m in seed funding
SnoFox announced its $4.5 million seed round led by Voyager Ventures.
AI-driven pet biometrics startup Petnow launches in France
Petnow, the provider of advanced pet identification solutions, announced the expansion of its groundbreaking app to the French market.
African market intelligence startup Rwazi raises $4m funding to accelerate growth
African market intelligence startup Rwazi has raised a $4 million seed funding round led by Bonfire Ventures and saw participation from Newfund Capital and Alumni Ventures.
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.
Acceldata raises $50m Series C funding to expand market leadership and product innovation in data observability
Acceldata, the market leader in data observability, has raised $50 million in Series C funding. This latest round of funding was led by March Capital, with additional investment from Sanabil Investments.
[Interview] Seyi J. Matanmi, Founder, Hosteet, Nigeria
Seyi J. Matanmi is a technology product developer and entrepreneur. Educated in software development, research and analytics, he currently leads the cloud services outfit, Hosteet, operating out of Lagos, Nigeria.
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.
Swedish AI startup Viking Analytics raises more than €3m Series A funding for global expansion
Viking Analytics, a Swedish startup developing AI-based machine health monitoring technology, announced the closing of its Series A round, co-led by Belgium-based Finindus and Sweden-based Industrifonden.
Toronto-based startup Credential Sentry automates occupational license verification to combat negligent hiring and retention
Toronto-based startup Credential Sentry, has developed an advanced data analytics algorithm to streamline the credential verification process for businesses operating in licensed industries.
Innovation scale-up Wazoku launches Mindpool SME to help small businesses capture employee insights
Innovation scale-up Wazoku announced it has launched Mindpool SME, an employee insights dashboard that makes it simpler & faster for SMEs to listen to, understand, and act on employee insights.
Canadian SaaS startup Produce8 closes $6m investment to accelerate growth in the future of workforce analytics
Produce8, a startup SaaS company aiming to reduce distractions and increase productivity for distributed and digital-first teams, announced $6 million in funding to support strategic growth.
Paris-based startup Mytraffic raises €30m Series B to provide digital intelligence to brick-and-mortar operators
Paris, France-based startup Mytraffic, a SaaS offering detailed insights on any location in Europe, has raised €30 million Series B funding round led by AXA Venture Partners.
Explo raises $12m Series A funding to build customer-facing analytics, releases self-serve onboarding
Explo, a customer-facing analytics solution for sharing data across any platform, announced $12 million in Series A funding, bringing the company's total amount raised to $15 million.
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.
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.
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.
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] Marco Limm, Founder and CEO, cre[ai]tion
![[Interview] Marco Limm, Founder and CEO, cre[ai]tion](https://www.startup-weekly.com/connectors/images/Marco_Limm_cre[ai]tion_Startup_Weekly.jpg.png)
Marco Limm is the Founder and CEO of Frankfurt-based Cre[ai]tion, an AI-powered tool that allows any type of fashion, automotive, footwear, and jewelry designer to create designs and products through an easy-to-use...read more here
[Interview] Fedir Kompaniiets, CEO, Gart Solutions, Ukraine
![[Interview] Fedir Kompaniiets, CEO, Gart Solutions, Ukraine](assets/images/Fedir_Kompaniiets_Gart%20Solutions_startup_weekly.jpg)
Gart Solutions is a provider of comprehensive DevOps solutions, dedicated to helping businesses streamline their software development processes and achieve operational excellence. The company has worked with...read more here
[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