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[Free Webinar] Accelerating FX Success: Expansion Strategies for Marketing Agencies in Eastern, Western Africa
This event is tailored for marketing executives and CFOs looking to gain actionable insights into international expansion, building a global clientele and establishing strong online presence.
7Rivers launches in Milwaukee with Snowflake partnership
7Summits Founder Paul Stillmank and industry veterans have announced the launch of 7Rivers.
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.
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.
London-based Binalyze secures $19m Series A funding for enhanced cybersecurity
Binalyze has raised $19m Series A round of funding.
UK-based Open Cosmos raises $50m to grow its sustainable space tech and satellite data
Open Cosmos has raised $50m in Series B funding.
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
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.
South Korean Naver-backed AI startup Crowdworks to go public
Crowdworks will be listed on the Korean KOSDAQ market via SPAC merger.
Munich-based Aily Labs raises €19m Series A round to accelerate growth
Aily Labs has raised €19 million in a Series A round
Industry veterans launch cybersecurity startup Vigiles
Former Trustwave executives have launched a cybersecurity startup, Vigiles.
Rivery joins AWS ISV Accelerate and AWS Global Startup Program
Rivery announced acceptance into the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program.
APERIO closes $9m Series A1 round to accelerate growth
APERIO, a category leader in operational data quality, announced it has closed $9 million in Series A1 funding.
Nigeria's Treepz among startups selected for 2023 VC4A Venture Showcase Africa
Treepz hes been selected to participate in VC4A Venture Showcase Africa.
Apica acquires data fabric startup LOGIQ.AI, raises $10m to modernize data management
Apica announced its agreement to acquire data fabric startup LOGIQ.AI.
Biocanic closes $600k seed round to accelerate growth of its health intelligence platform
San Diego software platform Biocanic has closed $600k seed round.
AI data startup Virtualitics closes $37m Series C funding round
Virtualitics, announced that it has raised $37 million in a Series C financing.
Nigerian mobility fintech Moove secures $76m funding for global expansion
Nigerian mobility fintech Moove, has secured $76 million in new funding.
AI startup FeatureByte unveils self-service feature platform
FeatureByte announced the release of the FeatureByte self-service feature platform.
bp ventures invests £4m in UK-based fleet optimization software provider Dynamon
bp ventures has made a £4 million investment in Dynamon.
AI-enabled stealth startup Stackless Data raises $14m seed round to accelerate growth
Stackless Data has raised a seed round at a pre-money valuation of $14 million.
Nigeria's Remedial Health raises $12m to deliver financial services for neighborhood pharmacies
Remedial Health has secured $12m in an equity and debt funding round.
DBtune secures €2.4m seed funding to revolutionize AI-based database optimization
DBtune has successfully closed €2.4 million seed funding round led by 42Cap
TDK Ventures invests in Infinite Uptime's Industry 5.0 digital intelligence platform
TDK Ventures has invested in the Industry 5.0 - focused startup Infinite Uptime.
London-based carbon data provider Sylvera raises $57m Series B, plans US expansion
Sylvera has raised $57m Series B financing to scale its teams and product offerings.
Ayoba, Adanian Labs launch accelerator programme in Nigeria
Ayoba has partnered with Adanian Labs to launch an SME accelerator program in Nigeria.
[Column] Zafir Junaid: Bridging the AI skills gap in Africa
As we navigate the contours of the 4IR, powered by AI, it is becoming increasingly evident that Africa has a critical role to play.
Nigerian healthtech startup Helium Health raises $30m Series B funding
Helium Health announced it has raised $30 million in Series B funding.
Woflow acquires European startup XtremeAI to expand reach bolster AI capabilities
Woflow, the data infrastructure company, announced the acquisition of XtremeAI
Nigeria's regtech startup Youverify launches its full cycle compliance solutions in Kenya
Youverify has officially entered the Kenyan market.
Startup CEO salaries decline to 2019 levels, Kruze Consulting
Kruze Consulting has released new data on startup CEO salaries.
Climate tech startup Amini raises $2m to solve environmental data scarcity for Africa
Amini, Corp. has raised $2 million in pre-seed funding in an oversubscribed round.
Nigerian cold-chain startup Gricd rebrands as Figorr, secures $1.5m seed funding to support data-driven insurance for perishable goods in Africa
Gricd, a technology company that develops Internet of Things-powered solutions to support the last-mile delivery of perishable goods, has secured $1.5m seed funding.
UK-based SaaS startup Fundpath secures £4m funding round with Fuel Ventures
Fundpath, the data and technology business bridging the information disconnect between asset managers and wealth managers, announced the completion of a £4m late seed funding round with Fuel Ventures.
Spacetech startup EnduroSat secures $10m Series A funding to streamline satellite data
Spacetech startup EnduroSat, has raised $10m Series A funding, led by the EU investment firm CEECAT Capital, focused on the high growth markets of CEE Europe.
Nigerian fintech startup Grey expands into Kenya
Nigerian fintech startup Grey has picked Kenya as its East African Hub as it expands operations in the largest economy in the East African Community.
Nigerian payments startup Nomba raises $30m pre-Series B funding round
Nigerian payment service provider Nomba has raised a $30 million pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses.
GRASP fellowship invests in African women researchers
The Kenyan women, and others selected for the GRASP Fellowship, are set to participate in a series of interventions, including leadership and mentoring training, designed to enable them to become more effective policy practitioners
Nigerian fintech firm Zone adopts ThetaRay AI Solution to screen payments
Zone (formerly Appzone) and ThetaRay announced they will collaborate to implement ThetaRay’s cloud-based SONAR solution to monitor and screen Zone’s transactions in Nigeria for illicit activities and sanctions violations.
Nigerian fintech startup Moni unveils new community-powered digital loans for African SMEs
Nigerian fintech startup Moni has launched a new range of business loans targeting SMEs in Africa.
[Interview] Ayodeji Ayorinde, Co-founder, Artisankonect, Nigeria
Artisankonect is a Nigerian startup that helps outsource user requests to skilled persons. Startup Weekly chats with Ayodeji Ayorinde, one of the Founders.
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.
Nigerian government launches $672 million fund to support tech startups
The government of Nigeria has set aside $672 million fund to support young investors in the tech and creative industries.
[Interview] Joel Daniel, Founder, Solutions Platforms, Nigeria
Joel Daniel is the founder of Solutions Platforms, a company that grooms young people to succeed and have global relevance by leveraging its various programs designed to foster international education.
[Column] Gur Geva: How biometrics can fuel inclusive growth in Nigeria’s ICT sector
Nigeria is at an inflection point where it needs to adopt enabling technologies at scale to support high growth in the telecommunications and digital sectors.
[Interview] Chris Okoro, CEO, Eunisell Interlinked, Nigeria
Chris Okoro is an entrepreneur and business strategist skilled in the Financial Services and Engineering sector. He's currently the Managing Director and CEO of Eunisell Interlinked, Nigeria.
African fintech Flutterwave secures two additional licenses in Rwanda
Flutterwave, Africa's payments technology company, has announced that it has received its Electronic Money Issuer and Remittance Licenses from the National Bank of Rwanda.
5 innovation metrics (KPIs) every CEO should care about, Plug and Play
Are your innovative strategies paying off? As a CEO, innovating is part of the job description - but do you know if it's actually making a difference in your company? It’s time to get down to data-driven business.
[Interview] Jesse Onomiwo, Co-founder, Autosparkle, Nigeria
Autosparkle is part of Riltouche and Sparkles, a company dedicated to building the largest chain of the most eco-friendly cleaning solutions out of Africa.
[Column] Pierre Havenga: The data center revolution in Africa - deploying technology for tomorrow
Africa is rapidly emerging as a major player in the global data center market, with a number of countries investing heavily in the development of data centers.
[Column] Kevin Halkerd: Why humans should lead your business cybersecurity strategy
Most successful cyber breaches have one thing in common: People. Your company can be protected from every tech angle, with the latest security updates and most advanced threat detection.
[Interview] Fedir Ted Martynov, CEO, CARMACHAIN, Nigeria
Ted Martynov leads CARMACHAIN, a fintech outfit operating in Nigeria that enables credit data for lenders in markets underserved by credit bureaus.
Renewable energy startup PAM Africa launches first ever net zero villages in Nigeria
PAM Africa, a Nigerian renewable energy startup has launched Net-Zero Villages (NZVs) consisting of a community that is designed with a whole system thinking approach to offset more greenhouse gases (GHG) than it produces.
[Column] Chester Wisniewski: Artificial Intelligence now a match for natural ignorance
End-user security training has traditionally been an important aspect of cybersecurity efforts, as it aims to educate and empower employees to identify and prevent potential threats.
[Interview] David Galadima, Founder, Graemoh Foods, Nigeria
Passionate about sustainable agriculture, aquaculture and food security in Africa, David Galadima is the Founder of fast growing agriculture and processing company, Graemoh Foods, operating out of the northern state of Kaduna, Nigeria.
CcHUB launches $15m accelerator for edtech startups in Kenya and Nigeria
Co-Creation Hub (CcHUB), touted as Africa’s largest innovation and incubation hub, announced it is launching a $15 million accelerator program for targeting edtech startups.
To stay competitive, startups must combat gender diversity debt, study
Entrepreneurship is booming, but women are underrepresented among its founders, investors and employees. A recent study investigates entrepreneurship's gender "diversity debt," a demographic disparity that can be difficult and costly to remedy.
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 startup Trade Lenda raises $520K in pre-seed round to accelerate growth
Trade Lenda, a Nigerian fintech startup that helps micro, small, and informal retailers with access to financing for their business needs, has raised $520K in pre-seed funding to speed its growth.
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.
Kenyan government drops fraud charges against Nigerian fintech Flutterwave
The Kenyan government has dropped charges of financial impropriety against Flutterwave, according to a new report by Bloomberg.
Finance software startup Quartr signs API deal with Nordnet to enhance informed investment decisions
Finance software startup Quartr signed an API deal with Nordnet, the online broker in the Nordic region, reaching almost two million customers.
12 African startups selected for Techstars Accelerator program in Lagos, Nigeria
ARM Labs Lagos Techstars Accelerator, a Lagos-based program to build early-stage African fintech and proptech startups has announced its inaugural class. The cohort is made up of ten Nigerian and two Kenyan startups, with 50% female CEOs.
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.
HLTH Foundation launches coalition to help integrate health equity standards into healthcare tech and data practices
HLTH Foundation announced the formation of the Techquity for Health Coalition, with a mission to assimilate health equity considerations into healthcare technology innovation and data practices.
Terminal49 secures $6.5m Series A to power ocean freight visibility and automation
Terminal49, the ocean freight visibility platform, announced it has secured $6.5 million in Series A funding led by Stage 2 Capital and co-lead by Grand Venture Partners, with follow-on participation from seed stage investors.
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.
Nigerian fintech firm TeamApt reaches annualized payments volume of $170 billion, rebrands to Moniepoint
TeamApt Incorporated, the business banking platform in Nigeria, has adopted the name of its flagship product - Moniepoint, a testament to its success as the all-in-one digital banking solution for businesses.
Nigerian agritech startup Releaf secures $3.3m pre-Series A funding, unveils new technologies to drive profitability for consumer goods manufacturers
Releaf, a Nigerian agritech startup, has raised $3.3 million in an oversubscribed pre-Series A funding round.
[Startup Interview] James Adebisi, Founder, Oruis Medical, Nigeria
Orius Medical is a Nigerian health startup that provides mental care and support through psychotherapy and mental health education.
Paris-based startup QuantCube raises Series B funding to support growth in economic nowcasting, harnessing AI and big data analytics
Real-time economic intelligence provider QuantCube Technology, announced it has secured funding led by Strategic Development Fund (SDF), the investment arm of UAE’s Tawazun Council.
proteanTecs named #1 most promising startup in Israel
proteanTecs, a global pioneer of deep data analytics for advanced electronics, has been named the Most Promising Israeli Startup 2022 by Globes, an Israeli business publication.
Infinity AI startup raises $5m to build automated synthetic training data
Infinity AI, a startup that generates automated synthetic training data, announced a $5 million seed round led by Matrix with participation from founders and operators from companies like Snorkel AI, Tesla, and Google.
Appier launches AIRIS, next-gen AI-powered CDP leveraging first-party data to activate MarTech applications
Shortening the time spent from data to insight and insight to action, and visualizing results from marketing campaigns remain as critical issues for most enterprises considering Customer Data Platforms (CDP).
Nigerian online furniture store Taeillo raises $2.5m for expansion
Nigerian online store Taeillo, announced a $2.5 million funding round from Aruwa Capital, a growth equity and early-stage investor.
African tech startup SeamlessHR picks Nairobi as its East African Hub
Nigeria’s tech startup SeamlessHR has launched its offices in the Kenyan market, choosing Nairobi as its East African Hub.
First investment of Mastercard Foundation Africa Growth Fund goes to Aruwa Capital Management
The first investment of the Mastercard Foundation Africa Growth Fund has gone to Aruwa Capital Management, a gender-lens $20 million fund dedicated to Nigeria's SMEs, managed by a first-time woman-led fund manager.
Identity verification startup Verified.Africa launches in Kenya
Verified.Africa, the pioneer of ID verification, document verification and digital KYC compliance solutions, announced it has launched in Kenya.
Nigerian foodtech Orda raises $3.4m seed round to digitize African restaurants
Nigerian foodtech platform Orda announced has raised a $3.4 million seed round to further digitize food businesses across the continent.
Nigerian fintech startup Pivo raises $2m seed round to accelerate growth
Nigerian fintech startup Pivo, announced the closing of $2 million seed round with participation from Precursor Ventures, Vested World, Y Combinator, FoundersX and existing investor, Mercy Corp Ventures.
Cyndx launches Valer to generate faster and more accurate startup valuations
Cyndx, an AI-powered search and discovery engine built to simplify deal origination, has announced the launch of Valer, the company's new corporate valuation tool.
eureKARE co-leads €5m seed investment in Biomemory which is advancing cutting-edge DNA-based data storage solutions
eureKARE, an innovative investment company for disruptive synthetic biology applications, announced it has co-led a €5 million seed funding round in Biomemory.
Big data startup OneSchema raises $6.3m funding round to make ingesting CSV data magical for developers
Big data startup OneSchema announced a $6.3 million funding round led by General Catalyst, with participation from Sequoia Capital, Y Combinator, Elad Gil and Contrary Capital.
Nigerian money app Kuda launches in the UK
Nigerian money app Kuda, announced it is launching in the UK as part of a global expansion drive with a view to serving the cross-border transfer needs of UK-based Nigerians.
Swedish startup Finch secures €2.5m funding to spearhead the shift from manual to generative workflows in the AEC industry
Swedish startup Finch announced it has secured €2.5 million funding to spearhead the shift from manual to generative and data-driven workflows in the architecture, engineering and construction (AEC) industry.
Dutch fintech venture Yabx expands into Nigeria
Yabx, a fintech venture headquartered at Netherlands, announced its foray into Nigerian markets with a mission to democratize credit across the country with its digital lending offerings.
CardinalStone Capital Advisers announces $6m investment in Nigerian healthtech startup AfyA Care
West African private equity fund manager, CardinalStone Capital Advisers (CCA), has announced a $6 million investment in Nigeria's healthtech startup AfyA Care.
Nigerian lending startup Payhippo acquires Maritime Microfinance Bank
Nigeria’s credit-led SME fintech Payhippo has acquired Maritime Microfinance Bank (MFB), a financial institution specializing in saving products, demand deposits, and investments as well as micro and SME loans
Kenya, Nigeria and South Africa lead fintech growth in Africa, Mastercard
A report by payment services company Mastercard has revealed that South Africa, Nigeria and Kenya are among the most vibrant fintech markets in the continent.
3nets concludes $11m seed round for multi-cloud workload portability solution
3nets.io, a Delaware corporation, announced the conclusion of $11 million seed round at a post-money valuation of $20 million.
Manchester-based consumer insights startup Vypr raises additional £3.4m to scale its product intelligence platform
Fast-growing consumer insights business Vypr has received new investment of £3.4 million, at a significantly increased valuation on its last funding round in January 2021.
French cloud infrastructure startup Newboot completes first fundraising round to accelerate growth
Toulouse and Paris-based startup Newboot announced it has completed its first fundraising round with NOVA by Saint-Gobain and several Business Angels.
South African digital identity startup iiDENTIFii raises $15m growth capital to fuel expansion across Africa
Cape Town-based digital identity startup iiDENTIFii announced it has raised $15 million in growth capital to fuel its expansion across Africa.
Swedish startup Grafbase raises $5m seed funding to build the data platform of the future
Grafbase, the data platform for developers, announced it has raised fresh $5 million seed funding round, bringing $7.3 million in total funding.
Nigerian social commerce startup Bumpa raises $4m seed funding to build the future of commerce for African sellers
Nigerian social commerce startup Bumpa announced it has raised $4 million seed round led by Base10 Partners, the largest black-led fund in the world, with participation from Plug & Play Ventures.
President Buhari signs Nigeria Startup Bill into law
Nigeria has become the latest country to pass a Startup Bill, giving a more formal approach to how the startup ecosystem is governed.
Nigerian mobility fintech Moove raises £15m financing facility to scale UK operations
Moove announced it has raised £15 million in financing from Emso Asset Management to scale up its UK operations following a successful launch in August.
Nigerian healthtech startup Lifestores raises $3m to expand its pharmaceutical marketplace
Nigerian healthtech startup Lifestores Healthcare has raised $3 million for expansion across the country in a pre-Series A funding round.
Nigerian data and intelligence startup Stears raises $3.3m to solve Africa’s data dearth
Nigerian data and intelligence company, Stears has raised $3.3 million to enhance its data collection and analytics capabilities, acquire talent and expand into East and Southern Africa.
Early stage venture fund TheVentureCity unveils data platform to help startups scale faster
The global, unconventional venture fund TheVentureCity has launched a free tool to measure the healthy growth of any startup: Growth Scanner.
SentinelOne launches $100 million fund to invest in cybersecurity and data innovation startups
S Ventures will invest across all stages of the startup lifecycle with a focus on security and data companies that bring innovative use cases to the Singularity Marketplace, the company’s open application ecosystem allowing security teams to extend Singularity XDR use cases.
Tech startup Coalesce secures $26m Series A funding to reinvent data transformation in the snowflake data cloud
Coalesce.io, the data transformation company, announced it has secured $26 million in Series A funding led by Emergence Capital, with participation from seed investors 11.2 Capital.
CrowdStrike’s Falcon Fund invests in API security startup Salt Security
CrowdStrike, a pioneer in cloud-delivered protection of endpoints, cloud workloads, identity and data, announced that its strategic investment vehicle, Falcon Fund, has invested in Salt Security, the pioneer in Application Programming Interface (API) security.
Nigerian fintech startup Kippa launches business registration platform to support SMEs
Nigerian fintech startup Kippa has launched Kippa Start, a business registration platform to enable Nigerian MSMEs scale through their businesses.
Healthtech startup Remedial Health secures $4.4m to provide access to credit for pharmacies in Nigeria
Remedial Health, a healthtech startup that develops solutions to make Africa’s pharmaceutical value chain more efficient, has raised $4.4 million in seed funding to accelerate its expansion across Nigeria.
Israeli data security startup Sentra launches in the U.S.
Sentra, an Israeli cloud data security company, announced its arrival in the U.S. market with the opening of its new North American headquarters in New York City.
Nigerian blockchain payments startup Bitmama closes $2m pre-seed round to scale growth
Nigerian blockchain payments startup Bitmama announced a pre-seed extension of $1.65 million, adding to the $350,000 it received last October, thus closing the round at $2 million led by Unicorn Growth Capital and Launch Africa.
Ghanaian health tech startup mPharma acquires majority stake in Nigeria’s HealthPlus
Ghanaian health tech startup mPharma has acquired a majority stake in HealthPlus, a pioneer pharmacy chain in Nigeria.
African fintech startup Flutterwave launches eNaira payments for businesses in Nigeria
Flutterwave, Africa's payments technology company announced its merchants can now process payments in eNaira, the Nigerian digital currency issued and distributed by the Central Bank of Nigeria.
Nigerian fintech startup Kippa raises $8.4m seed round to accelerate growth
Nigerian fintech startup Kippa has raised $8.4 million in an oversubscribed seed round led by Goodwater Capital, TEN13 VC, Rocketship VC, Saison Capital, Crestone VC, VentureSouq, Horizon Partners, and Vibe Capital.
Nigerian fintech startup NowNow raises $13m seed round to expand across Africa
Nigerian fintech startup NowNow Digital Systems has raised $13 million in its seed round for expansion across Africa.
Fintech startup Duplo raises $4.3m seed funding to transform business-to-business payments in Nigeria
Duplo, a business-to-business payment platform that makes it easier for African businesses of all sizes to pay each other, has raised $4.3 million in seed funding to launch new products and expand into new business verticals in Nigeria.
Customer engagement startup OneSignal raises $50m Series C funding to accelerate global expansion
OneSignal, the the customer engagement platform, secured $50 million in Series C funding to advance its unified messaging and orchestration capabilities, enhance its mobile data-driven email product.
African fintech startup Flutterwave secures switching and processing license from Central Bank of Nigeria
Flutterwave, Africa's payments technology company has been granted a Switching and Processing License by the Central Bank of Nigeria (CBN), widely regarded as CBN's most valuable payments processing license.
Nigerian mobility fintech Moove joins forces with Uber UK to bring electric vehicles to London
Nigerian fintech moblity startup Moove has announced its launch in London as part of its global expansion through a new partnership with Uber.
Nigerian fintech startup Grey raises $2m to simplify cross-border payments across Africa
Nigerian fintech startup Grey has raised $2 million in seed funding to simplify cross-border payments across Africa. The seed funding round included participation from Y Combinator, Soma Capital, Heirloom Fund and other high-profile investors.
Copenhagen’s AI cybersecurity startup Muninn raises €2.5m seed round led by Luminar Ventures
AI-driven cybersecurity platform Muninn, headquartered in Copenhagen, has secured a €2.5 million seed round led by Luminar Ventures, with previous investor PreSeed Ventures (PSV) participating.
Nigerian B2B e-Commerce startup Omnibiz raises $15m for expansion
Nigerian B2B e-Commerce startup Omnibiz has raised $15 million pre-Series A round ($5 million equity and $10 million debt) led by Timon Capital, Ventures Platform, Lofty Inc, Chapel Hill Denham, Chandaria Capital and Musha Ventures.
Munich-based Celonis secures $1b to fight economic and supply chain challenges
Celonis, the global player in execution management, announced it has secured an additional $1 billion in funds to accelerate its unique position to help customers thrive in challenging economic environments.
Early-stage startups don't stand to benefit from Inflation Reduction Act, Kruze Consulting
The Inflation Reduction Act of 2022 doubles the R&D Tax Credit from $250,000 to $500,000, a popular tax credit used by unprofitable startups. However, an analysis by Kruze Consulting shows that the earliest-stage startups will likely not benefit from this increased credit.
Nigerian last-mile delivery startup Kwik launches in Ibadan
Nigerian last-mile delivery startup Kwik Delivery announced it has officially launched its innovative and just-in-time delivery solutions to merchants, entrepreneurs, businesses, government agencies and social vendors in Ibadan.
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.
Dropbase raises $1.75m round to help import, manage, and query messy CSVs and Excel files in analytical databases
Dropbase, the collaborative data import and data management platform, raised a $1.75 million round led by Gradient Ventures (Google's AI-focused venture fund).
German space tech startup LiveEO secures €19m to bring space data insights to Industry 4.0
Berlin-based space tech startup LiveEO has secured €19 million in funding in what is one of the largest investments to date in Earth Observation in Europe.
Israeli AI mobility Nexar acquires Portuguese startup Veniam to open unlimited possibilities for data-rich mobility applications
Nexar, an AI mobility company, announced it has entered into an agreement to acquire Veniam, the provider of intelligent networking for the internet of moving things.
Data collaboration startup Sympatic raises pre-seed round to revolutionize zero-copy data use
Sympatic, a data collaboration platform that allows users to create and manage safe data sandboxes in their cloud of choice, announced it has raised a pre-seed round of funding led by Saltagen Ventures with participation from ScaleGood Fund.
U.S.-based compliance startup Kompliant closes $14m seed round to accelerate growth
Kompliant, the U.S.-based compliance startup closed a $14 million seed round led by Level One Fund. Kompliant solves for end-to-end compliance lifecycle management through leading-edge technology and innovative workflows.
Immigrants have started more than half of America's billion-dollar startup companies, study
Immigrants have started more than half (319 of 582, or 55%) of America's startup companies valued at $1 billion or more, according to a new study from the National Foundation for American Policy (NFAP), a nonpartisan research organization.
Data security startup Sotero closes $8m seed extension funding round to accelerate growth
Sotero, the leader in revolutionary data security, announced a $8 million extension of their seed round, bringing the round to a total of $13 million.
Nigerian fintech infrastructure startup Bloc acquires payments company Orchestrate
Bloc, the Nigerian fintech infrastructure provider, has announced the acquisition of Orchestrate (previously Getwallets), a proprietary payments orchestration startup that gives businesses instant access to multiple payment providers with one integration.
Cyber security startup Anvilogic raises $25m Series B funding to modernize security operations
Anvilogic, a modern security operations platform that brings a cloud-based security data lake to life, announced the company's $25 million Series B funding.
Irish digital identity startup valid8Me secures €12.5m investment to increase headcount, accelerate growth
valid8Me, the digital identity SAAS platform, announced that Grant Thornton Ireland are investing €12.5million in the company.
Yamaha partners with Nigerian startup MAX for vehicle financing and maintenance
Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation, announced a strategic partnership with Metro Africa Xpress (MAX), to finance and maintain over 50,000 vehicles over the next 2 years.
HiddenLayer startup emerges from stealth mode, raises $6m seed funding to protect AI-powered products
HiddenLayer startup announced it has emerged from stealth mode to launch its flagship product, after raising $6 million in seed funding led by Ten Eleven Ventures.
Austin-based startup Sumatra raises $1.5m seed round to launch real-time data platform
Sumatra, an Austin-based real-time data platform company, announced that it has secured $1.5 million in seed financing led by S3 Ventures with participation from Sentiero Ventures, Data Power Ventures, and AI Sprouts.
Nigerian fintech startup CARMACHAIN hits over 80 million consumer profiles
Nigerian fintech startup CARMACHAIN announced it has hit over 80 million consumer profiles. This milestone is a major move for CARMACHAIN as it takes another step forward in realising its mission of decentralising data.
Kenyan healthtech startup AfyaRekod launches Universal Patient Portal for worldwide health data mobility management
Kenyan-based AfyaRekod launched the fully automated Universal Patient Portal – a block-chain driven technology that will transform the face of patient care across Africa and the World.
Verification platform ComplyCube expands startup assistance program to $50,000
Verification platform ComplyCube, has increased startup assistance to $50,000. The Startup Program supports qualifying businesses with free checks, resources, and consultancy.
Israeli fintech and capital markets startup Deshe Analytics raises $6.5m funding to expand to international markets
Israeli fintech and capital markets startup Deshe Analytics announced a $6.5 million seed funding round led by Group 11.
Nigerian fintech startup Mono launches in Kenya
Mono, a Nigerian fintech startup that builds open banking infrastructure to enable access to customer financial data and bank payments for digital businesses in Africa, announced it has expanded its services to Kenya.
BII invests $20m in African mobility fintech Moove to strengthen the informal transport industry
The British International Investment (BII), the UK government’s Development Finance Institution (DFI), announced a $20 million, 4-year structured credit investment in Moove, a mobility fintech democratising access to vehicle ownership in Africa.
Zing Data raises $2.4m to bring business intelligence to mobile
Zing Data, a collaborative business intelligence and visualization startup, announced it has raised $2.4 million, led by Kindred Ventures, Correlation Ventures and early backers of Amplitude and Robinhood.
Sustainability data and tech startup ESG Book closes $35m Series B to advance its next-gen technology capabilities
ESG Book, a global player in sustainability data and technology, announced it has closed $35 million in Series B funding to advance its next-generation technology capabilities.
Amsterdam-based employment startup TestGorilla secures $70m Series A to help companies eliminate hiring bias
Amsterdam-based employment startup TestGorilla announced it has secured $70 million Series A to help companies eliminate hiring bias. The round was co-led by Balderton and Atomico.
Nigerian Lab testing startup HealthTracka raises $1.5m funding for expansion to Kenya and Ghana
Nigerian at-home lab testing startup HealthTracka has raised $1.5 million in funding to expand its operations into Kenya and Ghana. The pre-seed funding which was led by Ingressive Capital.
Proparco completes pre-series-A investment in Moringa to fuel its expansion across Africa
Proparco announced the completion of a pre-series-A investment in Moringa to its expansion across Africa. The funding from Proparco will also facilitate the broadening of the range of courses offered by Moringa.
Ping Identity launches Ping Ventures to accelerate innovation in identity security
Ping Identity, the Intelligent Identity solution for the enterprise, has launched Ping Ventures, a new corporate venture capital fund that will fuel innovation in the identity security market.
Healthtech startup Idoven raises $19.8m funding to redefine detection and precision medicine of cardiovascular diseases
Idoven, a pioneering health tech company advancing early detection and precision medicine of cardiovascular disease, announced it has raised $19.8 million in funding.
Nigerian fintech firm VeendHQ secures $330k pre-seed investment to expand operations, scale growth
Nigerian fintech firm VeendHQ announced it has secured $330k pre-seed fund, backed by Magic Fund, The Oak Capital, Future Africa, Berrywood Capital and other angel investors, to expand its operations and scale growth.
Y Combinator-backed Proper Finance raises $4.3m to create an integrated reconciliation software for fintechs
Proper Finance, the integrated reconciliation and ledger data platform that enables financial technology companies to maintain complete financial accuracy, closed a $4.3 million seed round
Business identity startup Middesk raises $57m Series B round to accelerate growth
Middesk, the business identity platform automating business verification and underwriting decisions, announced it has raised $57 million in a Series B round, co-led by New York-based private equity and venture capital firm Insight Partners.
Seed-to-Sale software startup Canix raises $10m Series A funding to accelerate growth
Canix, a market-leading cannabis ERP seed-to-sale platform, announced it has raised $10 million in funding from venture capitalists.
Nigerian fintech startup Indicina raises $3m seed funding to expand into other African markets
Nigerian fintech startup Indicina announced it has raised $3 million in seed funding round to foster its commitment to the credit value chain.
Constant Ventures launches $100m venture capital fund to invest in tech startups across West Africa
Constant Ventures, a part of the Constant Group, is raising a $100 million venture capital fund to invest across a range of technology startups with a focus on financial inclusion, education and healthcare.
Stellate raises $30m funding to build the global data graph
Stellate, formerly known as GraphCDN, is bringing its expertise in GraphQL APIs to the masses with the help of a $25 million Series A from Tiger Global and a $5 million seed round led by boldstart ventures.
Nigerian edtech startup Afrilearn attracts UNICEF Innovation Fund
Nigerian edtech startup Afrilearn has emerged as the only Nigerian startup to join the latest cohort of the UNICEF Venture Fund.
Data analytics startup Gigasheet closes $7m Series A to democratize big data analysis
Gigasheet, a startup that brings data science and big data analytics capabilities to anyone who can use a spreadsheet, announced it has closed $7 million in a Series A funding round.
Indian data insights startup Synaptic raises $20m Series B funding to accelerate growth
Synaptic, an alternative data insights startup, announced the successful closure of $20 million in Series B funding round led by Valor Equity Partne
Nigerian fintech startup Grey partners with Cellulant for East Africa expansion
Nigerian fintech startup Grey, announced the launch of its service to East Africa starting with Kenya in partnership with payments company, Cellulant.
Fintech startup Consilient raises $3m seed funding round to develop next-gen financial crime compliance technology
Consilient, a fintech innovator aiming to transform financial crime compliance, announced it has secured a private $3 million seed funding round.
Contract management startup Evisort raises $100m funding to enhance customer experience, accelerate growth
Evisort, the no-code contract intelligence platform loved by legal, procurement, and sales operations teams worldwide, announced it has raised $100 million in capital.
Nigerian retail tech startup TradeDepot appoints Chidi Akubuiro as Managing Director for West Africa
TradeDepot, a B2B e-Commerce and embedded finance platform in Africa, has appointed former Coca Cola HBC and Hayat Kimya Nigeria Executive, Chidi Akubuiro as its Managing Director for West Africa.
Privacy-focused data-generation startup Kahoona raises $4.5m seed round to accelerate growth
Kahoona Inc., a first-party data generation and activation technology for the open web aimed at creating a digital ecosystem that preserves user privacy, announced it has closed $4.5 million in Series Seed financing.
London-based Bundlr Network raises $5.2m seed round to build an easier, faster way to store data on web3
Bundlr Network, a decentralized platform that makes it fast and easy to store data on web3, has raised a $5.2 million seed round co-led by Framework Ventures.
Nigerian trade tech firm Norebase raises $1m pre-seed round to scale African growth
Norebase, a Nigeria-based trade technology firm announced it has secured $1 million pre-seed funding round, co-led by Samurai Incubate and Consonance Investment.
CcHUB, Google unveil 9 startups selected for the Fintech Incubation Programme
Nigeria’s technology innovation centre Co-creation Hub (CcHUB) in collaboration with Google, Ministry of ICT and Innovation Rwanda, and Mojaloop Foundation, announced the nine startups selected for the Fintech Incubation Programme
Insurtech startup ETAP secures $1.5m pre-seed funding to drive car insurance penetration in Africa
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa.
French AI startup Kryptview raises $650k in pre-seed to develop community-driven crypto research platform
Kryptview, a collective intelligence platform that provides peer-reviewed research for digital assets, announced the closure of its pre-seed round, raising $650,000 from crypto technology companies.
AI startup GridMatrix raises $3.5m seed round to grow its proprietary cloud architecture platform
GridMatrix announced it has raised $3.5 million in seed funding in a round co-led by 8VC and Cota Capital, with participation from Alumni Ventures Group.
Briya Emerges from stealth with seed funding to revolutionize healthcare through blockchain powered research
Briya, a disruptive healthcare data exchange network, announced it has completed a $5.5 million seed round led by Amiti Ventures.
AI startup Nuclia raises $5.4m seed funding to advance AI-powered search, releases open source NucliaDB
Nuclia, the pioneer in AI-powered search that is changing how humans access and discover meaningful data, announced it has raised $5.4 million in its seed round led by Crane Venture Partners and Ealai.
Blockchain data startup Transpose raises $3m seed round to revolutionize web3 data infrastructure
Blockchain data startup Transpose, whose ground-breaking suite of data APIs vastly simplifies bulk web3 data access, announced an oversubscribed $3 million seed round.
Startups increasingly use memorable, key-word rich descriptive domain names to stand out from competitors, study
TrueName, a global leader in descriptive domains, announced that more startups are choosing descriptive domains than in previous years per recent data by Marc Köhlbrugge.
Belgian tech startup Kpler attracts over $200m strategic growth investment
Kpler, the of technology-led data, analytics, and market insight, announced it has agreed on a strategic growth investment led by Five Arrows and Insight Partners.
Canadian medical startup DrugBank raises $9m to solve growing biomedical data problem
Canadian future of medicine startup, DrugBank, announced the securing $9 million in seed funding to solve the challenges associated with the world's exponentially-growing biomedical data.
AI platform Relativity6 raises $5.25m round to accelerate sales efforts
Relativity6, the AI platform for industry classification, announced it has raised a $5.25 million seed round led by Fin Capital with participation from State Auto Labs Fund, Vectr Ventures, Cortado Ventures, Angel Ventures, and several strategic individuals.
Nigerian fintech startup ImaliPay closes $3m seed funding to bring financial services to gig workers
Nigerian fintech startup ImaliPay has closed $3 million seed funding round to bring financial services to gig workers.
ComplyAdvantage releases new anti-money laundering essentials guide for Startups
ComplyAdvantage, a global data technology company transforming financial crime detection, announced the release of a new Anti-Money Laundering Essentials Guide for Startups.
Fintech startup Credrails partners with Access Bank to foster the future of finance in Africa
Access Bank has partnered with financial infrastructure startup Credrails to develop open finance rails that will dramatically improve the experience of banking customers across the continent.
Manchester-based HRtech startup Orka raises £3m to accelerate growth
Manchester-based Orka Technology Group (Orka), announced it has secured £3 million Series A fundraising round from Praetura Ventures.
Nigerian B2B startup Kwik closes $2m Series A round to digitize informal African trade
French-Nigerian B2B startup Kwik, a fast-growing provider of SaaS logistics services to social vendors and e-commerce platforms in Africa, has announced that it successfully closed its $2 million Series A round.
Israeli data integration startup Triple Whale raises $27.7m to develop default e-Commerce operating system for Shopify brands
Triple Whale, the all-in-one operating system for Shopify brands, announced it has raised $27.7 million in an extended Series A, the company's first announced funding round since its foundation in May 2021.
Nigerian Big Cabal Media raises $2.3m to fuel audience growth and build new verticals
Big Cabal Media [BCM], a pan-African media company headquartered in Nigeria, has announced the close of its Seed Series fundraising round at $2.3million, led by MaC Venture Capital.
Singapore-based Treehouse Finance raises $18m seed funding to establish a standard for DeFi analytics
Treehouse, a Web3 company transforming on-chain data into meaningful metrics to help decentralized finance (DeFi) investors make informed financial decisions, announced an $18 million seed round raise.
Danish customer support innovator Dixa acquires Miuros and Solvemate startups for $43m
Danish customer support innovator Dixa, announced the acquisitions of analytics leader Miuros, and automation pioneer Solvemate.
Smart addressing startup OkHi secures $1.5m seed funding to drive smart address verification in Africa
Smart addressing startup, OkHi, has secured a $1.5 million seed extension, bringing the total of its seed funding to $3 million. This raise is supported by notable firms and individuals who, beyond funding, bring a wealth of expertise to OkHi.
Salary on-demand startup Cadana partners with Flutterwave to expand into Nigeria
Cadana, the salary on-demand startup has expanded operations into Nigeria following a strategic partnership with Flutterwave, Africa’s leading payments technology company.
IronCore Labs launches program to give two years free data security tools to qualified startups
IronCore Labs, the provider of data security for modern cloud applications, announced the IronCore Labs Startup Program that gives two years of free data security tools to qualified startups.
AT&T joins Ericsson's 5G Startup Program to develop new consumer technology
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.
African fintech Flutterwave rebrands, introduces new products and services
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
Nigerian fintech startup Earnipay which provides flexible and on-demand salary access to income-earners has closed a seed round of $4 million.
Remedial Health joins Y Combinator, raises $1m pre-seed funding to digitize Africa's neighbourhood pharmacies
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.
Achieving inclusive cocoa and palm oil commercialization in West Africa
Abugre also noted that questions remain with regards to the future of cocoa production given global price trends, climate change, farmers stepping into the sector, and income distribution effects at the local level.
Zurich-based smart data capture pioneer Scandit completes $150m Series D funding to expand its global footprint
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.
Nigerian healthtech startup Reliance Health raises $40m Series B funding to accelerate growth
Reliance Health, an emerging markets-focused digital healthcare provider, announced the completion of a $40 million Series B funding round led by General Atlantic, a global growth equity investor, with participation from Partech.
Casava secures $4m pre-seed funding to provide micro insurance for millions of Nigerians
Casava, Nigeria's digital insurance company has secured $4 million in pre-seed funding to provide affordable and accessible insurance products for millions of Nigerians.
Israeli AI startup Forwrd raises $3.5m to make every corporate employee data-driven
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.
Nigerian proptech startup Seso Global launches regional offices in US and the UK
To better engage with communities in the diaspora, Nigerian proptech startup Seso Global has launched regional offices in the United States (US) and the United Kingdom (UK).
Prophecy startup raises $25m to accelerate availability of its low-code platform for data engineering
Prophecy, the enterprise low-code data engineering platform that brings the speed of DevOps to data engineering, announced it raised a $25 million Series A round.
Nigerian fintech startup P2vest records 100,000 users on its platform
Nigerian fintech startup P2vest Technology announced that its peer-to-peer lending application, P2Vest has hit 100,000 users with access to quick loans.
Israeli tech startup Polar Security emerges from stealth with $8.5m seed round to automatically protect cloud data
Polar Security, a cloud-native data security company, announced it has raised a $8.5 million seed financing round and launched out of stealth.
Kenya's Poa Internet announces first close of $28m financing round by Africa50
Poa Internet and Africa50 announced the completion of Africa50’s equity investment into Poa. This funding is part of the $28 million financing round led by Africa50.
South Korean AI optimization tech startup Nota selected as NVIDIA Inception Premier member
Nota, an AI optimization technology company, announced it has been promoted to Premier status in the NVIDIA Inception program.
[Kenya] Sankore announces pitch competition targeting blockchain startups
Nairobi-headquartered blockchain community Sankore is launching the Sankore Pitch Competition Tour (PCT) in Nairobi.
Canadian fintech startup Periculum launches in Nigeria to build credit assessment infrastructure for Africa
Canadian fintech startup and credit assessment company Periculum, has launched in Nigeria to tackle the challenge of domestic credit to the underserved markets.
Kenyan BNPL startup Lipa Later secures $12m funding to expand across Africa
Lipa Later, one of it’s kind buy-now-pay-later (BNPL) company operating in Kenya, Rwanda, Uganda and Nigeria, has raised $12 million from a consortium of investors.
Nigerian last-mile delivery startup Kwik reaches 100,000 customers, announces over 400% GMV and revenue growth for 2021
Nigeria's last-mile delivery startup Kwik Delivery, trading name of Africa Delivery Technologies SAS, announced its GMV and revenue for 2021 grew by over 400% year on year.
Nigeria tech startups raised $1.7billion in 2021, report
Since the beginning of 2021, Africa-based tech startups have raised more than $2.9 billion with Nigerian startups which are creating new products, services, and platforms raising $1.7 billion of this total or about 60% of it, a new report has found.
Nigeria's Ventures Platform closes first $40m pan-African fund
Nigeria-based Ventures Platform has announced the first close of its $40 million pan-African fund to invest in market-creating innovations across Africa.
Africa-focused edtech startup Edukoya raises $3.5m pre-seed round to accelerate growth
Edukoya, an Africa-focused online learning platform, has raised $3.5 million in a pre-seed round led by Target Global with strategic participation from angel investors including European and African founders.
Polymer No-Code DLP closes $4m seed round to protect leakage of sensitive customer data
Polymer, the cloud native No-Code Data Loss Prevention (DLP) solution for third party SaaS platforms, today announced the completion of a $4 million Seed round led by Story Ventures.
Munich-based startup ZenML raises $2.7m to advance open source MLOps framework
ZenML, the creator of the extensible open source Machine Learning Operationalization (MLOps) framework for data scientists, announced it has raised $2.7 million in its seed round led by Crane Venture Partners.
Nigeria’s auto financing startup Autochek begins loan services for new cars
In what it says is to further deepen mobility, Autochek Africa, the leading auto tech platform, has launched a dedicated brand new cars section on the Autochek website and mobile app.
Adanian Labs opens January 2022 cohort applications for its Venture Building Program
Adanian Labs has launched the Adanian Labs Venture Building Program call for startups for 2022. The program invites applications from tech entrepreneurs for the 2022 cohort of exceptional startups to join Adanian Labs in Kenya, Tanzania, Zambia, Nigeria and South Africa.
U.S. healthtech startup Vim accelerates growth with opening of offices in New York and Tel Aviv
Vim, a technology company building digital infrastructure for U.S. healthcare, opened a new office in Midtown Manhattan and in Nahalat Yitzhak in Tel Aviv, Israel, to accommodate its rapidly growing workforce.
Nigerian B2B e-Commerce startup TradeDepot raises $110m to extend ‘Buy-Now-Pay-Later’ services to African retailers
TradeDepot, the B2B e-Commerce and embedded finance platform in Africa, has raised $110 million in an equity and debt funding round to support the delivery of Buy-Now-Pay-Later services to SME retailers.
Nigerian autotech startup Fixit45 acquires Parkit, unveils subscription-based VIP programme
Nigeria’s autotech platform, Fixit45 announced the acquisition of Parkit, a network of tech-enabled autocare and car wash centres.
Miami-based VC firm Borderless Capital closes $10m PLANETS.Fund to build green data economy on Algorand
Borderless Capital, the Miami-based venture capital firm dedicated to the Algorand ecosystem, announced the closing of PLANETS.Fund, a $10 millionn fund focused on building a green data economy.
Africa-based cryptocurrency exchange Busha raises $4.2m seed round to deepen its market positioning
Africa-based cryptocurrency exchange Busha, raised $4.2 million seed round led by Jump Capital. Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round.
World's innovation platform Plug and Play launches in Basel, Switzerland
The largest innovation enabler in the world, Plug and Play, announced the launch of a new office in Basel, Switzerland, in partnership with the first Founding Partner, uptownBasel.
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.
Nigerian healthtech startup Helium acquires doctor booking platform Meddy
Helium Health (Helium), the healthcare technology provider in Africa, announced it has completed the acquisition of Meddy, the GCC-based doctor booking platform, which has operations in Qatar and the U.A.E.
Israeli femtech startup illumigyn partners with Peramare Pharmaceuticals to bring innovative gynecological imaging platform to Nigeria
illumigyn, world's first remote gynecological imaging platform, announced its new distribution agreement with Peramare Pharmaceuticals Nigeria, to deploy 5,000 Gynescopes in Nigeria by 2026.
Datafold raises $20 million Series A to help data teams deliver reliable products faster
Backed by NEA and Amplify Partners, Datafold seeks to expand its proactive approach to data reliability to help companies unlock more growth using high-quality data.
Nigeria lending startup Payhippo raises $3 million in seed funding
To date, Payhippo has disbursed 5000 loans to small businesses across Nigeria
Kenyan-based payroll startup Workpay expands to Nigeria
Workpay, a Nairobi-based YC graduate, is expanding its operations to Nigeria. The cloud-based workforce management startup will now offer Core HR, Payroll, and employee record services to organizations in the country.
Nigerian Auto financing startup Autochek secures $13.1m seed funding to deepen West African footprint
Autochek, the Nigerian automotive startup which recently expanded to Kenya, has secured $13.1 million in seed funding.
MFS Africa signs agreement to acquire Nigerian fintech startup Baxi
Pan-African digital payments hub MFS Africa signed an agreement to acquire Baxi, one of Nigeria's super-agent networks. The deal, which is subject to approval from the Central Bank of Nigeria, will be the second highest fintech acquisition in Nigeria to date.
Nigerian fintech startup Brass secures $1.7m financing round
Brass, a Nigerian digital bank delivering easy access to affordable premium banking services for SMEs, secured $1.7 million in funding to address the heavily underserved banking needs of local entrepreneurs, traders, and fast-growing businesses.
North Carolina's SAS and Pappas Capital partner to propel agritech startups with analytics
Two North Carolina companies, analytics leader SAS and venture investment firm Pappas Capital, are joining forces to help advance the state as a global leader in agricultural technology.
Slovenian healthtech startup MESI selected to join Google for Startups Accelerator, Europe
Slovenian healthtech startup MESI has been selected to join the Google for Startups Accelerator, Europe. The current three-month Google Accelerator programme brings together 15 of the most promising European tech startups in healthcare and well-being.
Nortal acquires minority stake in cybersecurity startup Talgen
Digital transformation company Nortal has entered into a definitive agreement to acquire minority stake in the cybersecurity startup Talgen to bolster cybersecurity capabilities and unlock new opportunities in Europe, North America, and the GCC countries.
Israeli deep learning development startup Deci raises $21m to accelerate commercial growth
Deci, the deep learning development company that helps enterprises build, optimize, and deploy AI to production, announced it has raised a $21 million Series A round led by New York-based global private equity and venture capital firm Insight Partners.
[Startup Interview] Adedokun Muhammed-Ali Adedeji, Founder, Brightcloud Automobile, Nigeria
Adedokun Muhammed-Ali Adedeji is a Nigerian innovator, entrepreneur and logistics manager. A green mobility advocate, Adedokun is the founder of Brightcloud Automotive.
Nigerian e-Commerce startup Sendbox raises $1.8m to digitize deliveries for African SMEs
Nigerian e-Commerce fulfillment startup Sendbox announced the completion of $1.8 million seed round from investors including 4DX Ventures, Enza Capital, FJLabs and Golden Palm Investments.
Pan-African fintech startup Carbon partners with Network International to boost digital payment offering
Pan-African fintech startup and digital bank Carbon Bank has partnered with Network International, an enabler of digital commerce across Africa and the Middle East, as part of its plan to boost its digital payment offering.
African fintech startup Payday raises $1m pre-seed to build Africa’s PayPal
Payday, a Pan-African financial technology company has raised one million dollars to build out what they believe will be the “PayPal” for Africa.
[Startup Interview] Femi Apesin, OnePipe Growth & Marketing Lead, Nigeria
Femi Apesin is the Head of Growth and Marketing at OnePipe, a Nigerian startup that has raised almost US$1 million in a pre-seed round with a plan to make API integration seamless for banks and fintech companies.
APX Platform announces oversubscribed seed round investments by 20% within 60 days
APX Platform, the aesthetic industry's only cloud-based, business intelligence, training, educational and data analytics platform for aesthetic practices, has oversubscribed its seed round investments by 20 percent within 60 days.
Singapore cybersecurity startup BitTrap develops detection technology to address surge in cyberattacks
Singapore cybersecurity startup BitTrap announced a blockchain-based cybersecurity solution that leverages attackers' motivations to provide singular detection capabilities.
Rendered.ai startup raises $6m to expand developer framework for synthetic data
Rendered.ai announced the closing of a $6 million seed round to expand staffing and operations to scale up the Rendered.ai Platform as a Service that supports data scientists, engineers, and business innovators.
Nigerian fintech startup Infibranches secures $2m funding from All On to drive growth in the renewable energy sector
Shell-funded impact investment company All On announced a $2 million investment in fintech company, Infibranches Technologies, to help bridge the energy distribution gap in underserved rural and peri-urban areas of Nigeria.
Rose Technology startup raises $5.5m seed round to change the way companies generate revenue from data
Rose Technology, founded by data scientist and former global macro investor Alexander Campbell, raised $5.5 million to change the way data-driven companies collect, analyze, and generate revenue from data.
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.
Pangea Trust opens applications for its Startup Connect Programme
Pangea Trust has opened applications for its Startup Connect Programme, to increase the deployment of diaspora remittances and networks to provide investment capital to MSMEs and startups in Kenya, Ethiopia and Somalia.
Berlin-based Workist exits stealth to create global AI business connectivity layer
Workist, the company applying cutting-edge, deep-learning technology to automate business transactions, exited stealth and introduced its flagship product WorKI, an intelligent document processing tool that leverages advanced artificial intelligence.
Nigerian agritech startup Releaf secures $4.2m funding to drive industrialisation of food processing in Africa
Nigeria's agritech startup Releaf, which develops proprietary hardware and software solutions to industrialize food processing, raised $2.7 million in seed funding and grants.
AI startup DataChat closes $25m Series A round to continue democratizing data analytics
DataChat, Inc., a software company that's revolutionizing data analytics, announced the closing of a $25 million Series A funding round led by Redline Capital and Anthos Capital.
Israeli insurtech startup Vesttoo joins NVIDIA Inception to further develop AI-based technologies
Israeli insurtech startup Vesttoo announced it has joined NVIDIA Inception, a program designed to nurture companies revolutionizing industries with advancements in AI and data sciences.
Israeli startup Quantum Machines raises $50m to make quantum computers ubiquitous and disruptive across all industries
Tel Aviv based startup Quantum Machines, creator of the Quantum Orchestration Platform, announced it has secured $50 million in Series B funding to expand its growth into quantum cloud computing and drive its worldwide distribution.
Agricorp raises $17.5 million to become the largest spices export startup in Africa
Agricorp International, Nigerian based spices producing, processing, and exporting company has raised $17.5 million in Series A funding to increase its processing capacity up to 7000 metric tonnes.
CB Insights launches algorithm to score the quality of startup's founding and management team
CB Insights, which enables world's leading companies to make smarter technology decisions, announced Management Mosaic, the first-ever algorithm to demystify the quality of a startup's founding and management team.
DLA Piper advises investment analytics platform Aumni in $50m Series B financing
DLA Piper represented Aumni, an investment analytics platform that provides the data infrastructure for private capital markets, in a $50 million Series B funding round led by J.P. Morgan.
Oddup raises $12.8m Series C funding to increase access to pre-eminent global startup ecosystem insights
Oddup, an international provider of data-driven insights for the startup and cryptocurrency ecosystems, announced the close of a $12.8 million Series C funding round.
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.
[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.
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.
Tech startup tab32 closes Series B financing to accelerate dental cloudtech transformation
tab32, the dental industry cloud-based, full-service technology platform, announced closing a Series B round led by Spark Growth Ventures, a technology VC firm "on a mission to support gritty and exceptional founders."
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.
Nigerian healthtech startup Field Intelligence expands into eleven new cities across East and West Africa
Nigerian healthtech startup Field Intelligence announced its expansion into Rivers, Edo, Kaduna, Kano, Enugu, Delta and Kwara States in Nigeria, and Eldoret, Mombasa, Kisumu and Naivasha in Kenya.
Investment firm NightDragon closes $750m growth fund as part of next-gen cybersecurity, safety, security and privacy platform
NightDragon announced the close of NightDragon Growth I, a new $750 million venture capital fund to invest in and advise late-stage and growth companies in the cybersecurity and privacy industry.
Oxford Foundry partners with FMDQ Private Markets to accelerate Nigeria’s startup ecosystem
Oxford Foundry and FMDQ Private Markets have launched a global partnership to accelerate the growth of Nigeria’s startup ecosystem.
Agritech startup Adaviv raises $2.3m seed round to scale its AI-driven plant intelligence platform for indoor farming
Adaviv, a cultivation technology company surfacing actionable insights for Controlled Environment Agriculture, announced the raise of $2.3 million in an oversubscribed Series Seed financing led by Delta Emerald Ventures.
Nigerian fintech startup Lidya raises $8.3m pre-Series B funding round
Nigerian fintech and lending startup Lidya announced the completion of its $8.3 million pre-Series B funding round. Alitheia Capital led the investment through its uMunthu Fund with the participation of Bamboo Capital Partners.
Kenyan startup Marketforce appoints Ore Omolaja as Country Manager, Head of Business for Nigeria
Marketforce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the appointment of Ore Omolaja as the Nigeria Country Manager and Head of Business, effective 15th July 2021.
South African startup Omnisient raises $1.4m for global expansion
Omnisient, a secure data collaboration platform, has achieved its second raise this year totalling $1.4 million. The investments will be used to expand the Omnisient team, accelerate product development and drive international expansion.
IFC’s TechEmerge partners with logistics startup Kobo360 to pilot sustainable cooling innovations in Nigeria
Eleven global innovators have been selected to partner with 15 leading Nigerian companies to pilot cost-effective, climate-smart technologies to strengthen the country's temperature-controlled logistics supply chain.
Nigerian fintech startup TeamApt secures Series B funding
Nigerian fintech startup TeamApt has closed its Series B fundraising round, as it looks to expand its financial services beyond Nigeria.
Codat startup raises $40m, expands its API infrastructure for SME data
Codat, the technology company that enables small businesses to seamlessly share business and financial data with financial and other service providers, secures $40 million from investors, following 3x annual growth and doubling of headcount.
MDaaS Global raises $2.3 million to launch digital health solution and expand across Nigeria
With this funding, the company is launching ‘SentinelX’, a digital health membership that champions preventive, personalized, and continuous care using proprietary technology.
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