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AWS and Immutable partner to supercharge mass adoption of Web3 gaming globally
Immutable will work with AWS to accelerate the on-boarding of game studios to Web3.
Ugandan Agritech startup Emata raises $2.4m seed funding
Ugandan agritech startup Emata has raised $2.4 million in seed funding.
BingX invests in AI and Web3 startup Moonbox to accelerate growth
BingX has invested in Moonbox, a pioneering AI and Web3 startup.
Binance Labs invests in decentralized Rollups-as–a-Service (RaaS) provider AltLayer
Binance Labs has announced a strategic investment in AltLayer.
OKX Ventures invests $1m funding round in Hong Kong-based AI and Web3 startup Moonbox
OKX Ventures has announced a $1m investment in Moonbox.
Pulsr launches Web3's first AI search engine for NFTs
Pulsr Foundation has released AI search engine optimization for over 5 million NFTs.
Generative AI for crypto startup SuperSight raises $1m pre-seed to build crypto-specific LLMs
SuperSight, a London-based Generative AI startup, raises $1m pre-seed round.
Web3 and the rise of the digital asset investor, Plug and Play
Web3 is a more decentralized system for sharing data and managing digital assets.
WEMIX, Hub71 partner to grow global blockchain startup ecosystem
WEMIX and Hub71 have partnered to accelerate growth of their Web3 for startups.
Ugandan women entrepreneurs grow businesses with group saving accounts
For women and youth involved in fish trade at lakes Albert and Victoria in Uganda, having little to no savings is a thing of the past.
The evolution of cryptocurrencies - a look at how blockchain technology is going mainstream
Cryptocurrencies have been around for over a decade now and have come a long way since their inception.
Gate Pay partners with CityPay.io startup to advance crypto payment adoption in Georgia and Europe
Gate Pay, the crypto payment service product by the global leading CEX Gate.io, announced a strategic partnership with CityPay.io, a fast-growing crypto payment startup based in Georgia.
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
Indian Web3 startup NoCap Meta raises $243K to accelerate growth in metaverse, digital tech
NoCap Meta, a Mumbai-based Web3 startup that provides a wide range of services including blockchain based systems, metaverse development, and asset backed tokens, has raised approximately $243K to enhance its growth.
Insurtech startup Turaco and Airtel Money launch low-cost hospital cash insurance product in Uganda
Kenyan and Ugandan insurtech startup Turaco, has partnered with Airtel Mobile and Prudential Assurance to launch a low-cost hospital cash insurance product with Funeral Benefit.
EMURGO Africa and Kepple Africa ventures establish joint venture to further web3 strategic partnership
EMURGO Africa and Kepple Africa Ventures have announced the establishment of a business joint venture EMURGO Kepple Ventures to further accelerate its strategic partnership investing in African Web3 businesses.
Web3 startup nealthy raises $1.3m in pre-seed to simplify NFT and crypto investing
nealthy, a Web3 startup for investing in NFTs and cryptocurrency, announced it raised $1.3 million in pre-seed funding round backed by experienced Web3 investors, including renowned crypto celebrity ‘DonGeraldo.’
[Column] Xiao Feng: The 10 principles of Web3
What is Web3? Web3 is essentially the other side of the coin in relation to blockchain technology. When we talk about blockchain, we are also talking about Web3 to a considerable extent, and vice versa.
Hatchfi launches out of beta, raises $1.2m pre-seed to enable fintech apps bridge the gap to Web3
Hatchfi, a crypto integration platform that allows users to seamlessly connect crypto accounts to any app like they would a bank account, launched out of beta on the heels of a $1.2 million pre-seed raise.
Web3 payments startup SphereOne raises $2.5m to build crypto for grandmas
SphereOne, a crypto payment platform that allows users to make purchases with any cryptocurrency, across any blockchain, announced the closing of a $2.5 million seed round.
Deal Box launches venture arm to invest $125m in foundational Web 3 technologies
Deal Box, a capital markets advisory and secure token offering packaging platform, announced the launch of Deal Box Ventures, a venture arm that will invest $125 million in startups that leverage foundational Web 3 technologies.
Metaverse development startup Virtualtech Frontier secures seed funding to further develop its Mitoworld platform
Virtualtech Frontier (VTF), a metaverse development company, has secured seed round funding from Blockchain Founders Fund (BFF), joining forces with seed investor 500 Global.
Wallet-as-a-service startup MSafe raises $5m seed round to develop multi-signature solutions
MSafe (Momentum Safe), a trailblazer in developing the first multi-signature wallet solution on the Aptos / Move ecosystem, announced the completion of a $5 million seed round.
Plesion Capital invests $500,000 funding in Ugandan fintech platform Xeno
Plesion Capital announced its formation as a social impact venture capital firm focused on partnering with mission-based entrepreneurs and companies to combat poverty around the world.
Indian startup Agaamin launches Web3 in Mauritius
The internet (Web 2.0) as we know is about to be disrupted by the “New Internet”, Web3.0 - also known as the dWeb (Decentralized Web). One of the fundamental building blocks of the internet is its “namespace”.
Hologram startup Proto secures investment from Christie’s Ventures to accelerate growth
Proto, the original hologram device and platform, announced that Christie's Ventures has invested in the company, solidifying the bonds of their successful collaborations.
Web3 startup Tonsnipe raises $100K to build a token and NFT aggregator on Ton blockchain
Tonsnipe, a web3 startup building on The Open Network has closed a $100K private funding round to develop a Ton blockchain-based native token and NFT aggregator.
Impact Venture Capital invests $8m seed round for Web3 startup Virtualness
Impact Venture Capital announced its investment in Virtualness' oversubscribed $8 million seed round. Virtualness is a mobile-first platform designed to help creators and brands navigate the complex world of Web3.
Israeli blockchain security startup CyVers raises $8m to bring proactive security to Web3 economy
CyVers, the provider of state-of-the-art proactive Web3 Security for the centralized, decentralized finance and smart contract applications via detection and interception of crypto attacks across blockchains, announced a $8 million in funding.
Yida Gao and Shima Capital invest in Web3 gaming startup Midnight
Shima Capital, led by founder and Managing General Partner Yida Gao, announced their investment in Web3 gaming startup Midnight.
Chinese web3 startup Viide shows ambition to leverage advertising through Decentralized Screen Network
Viide, a web3 startup has shown its ambition to leverage the value of web3 advertising in China through its Decentralized Screen Network.
Swiss Web3 payment startup DePay partners with WooCommerce to bring payments to online merchants
Swiss Web3 payment startup DePay, announced it is joining forces with the self-hostable, open-source eCommerce plugin WooCommerce, pushing decentralization further and providing merchants with the ability to have customers send payments directly to their own wallets.
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.
Fintech startup Fordefi raises $18m seed round to launch institutional DeFi wallet and security platform
Fordefi, a financial technology and software company, announced a $18 million seed round and the public launch of its institutional MPC wallet built for transacting on decentralized applications (dApps).
Kenyan fintech startup Tanda announces agency banking entry in Uganda, Rwanda, Tanzania
Kenyan fintech startup Tanda announced plans for agency banking entry in Uganda, Rwanda, Tanzania to accelerate growth within the East African markets.
Swiss settlement banking startup Arf raises $13m seed seed round to further develop its blockchain-based technology
Arf, the VQF-regulated global settlement banking platform using Web3 technologies has raised $13 million in a seed round with the participation of industry leaders.
Swiss NFT-based athlete investment startup FANtium raises €2m angel investment to democratize athlete financing
Swiss NFT-based athlete investment platform FANtium, announced a private pre-seed round of $2 million.
Ugandan agritech startup Inputi receives investment to boost inputs distribution
Ugandan agritech startup Inputi announced it received an investment funding to boost inputs distribution across the country.
Ugandan fintech startup Tugende raises $10m pre-Series B funding to increase portfolio growth
Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking.
Cryptocurrency startup Zerion closes $12m Series B funding to build the best wallet for Web3 citizens
Zerion, the wallet for the most active web3 users, announced the closing of a $12.3 million Series B funding round led by Wintermute Ventures.
Kenyan startup Kyosk Digital expands to Uganda
Kyosk Digital Services aims to address some of the challenges that vendors of fast-moving consumer goods (FMCGs) go through in sourcing products and restocking their outlets.
Uganda’s digital lending startup Numida raises $12.3 million funding to grow offerings
Uganda's Digital Lender Numida has secured a $12.3 million pre-Series A round of equity and debt funding to help it expand its team and move into new markets.
Unicorn Growth Capital, EchoVC join Celo Foundation to support Web3 projects across Africa
Unicorn Growth Capital and EchoVC have joined the Celo Foundation to support growth of Web3 projects across Africa through newly dedicated Celo ecosystem investment funds.
Fireblocks surpasses $100m ARR milestone, cements its status as SaaS centaur
Fireblocks, an easy-to-use platform to create innovative products on the blockchain and manage day-to-day crypto operations, announced that its 2022 Annual Recurring Revenue (ARR) has surpassed $100 million.
Singapore-based web3 cybersecurity startup Silence Laboratories raises $1.7m seed funding to acccelerate growth
Silence Laboratories, a web3 focused cybersecurity startup working on libraries for MPC and Proofs-based Decentralised Security-as-Service (DSaaS), has closed a $1.7 million round in a seed funding.
EMURGO Ventures invests in DoraHacks to scale Cardano's Web3 developer pool and dApp ecosystem
EMURGO Ventures, the venture arm of EMURGO, one of the founding entities of Cardano blockchain, announced an investment into DoraHacks, a Web3 hackathon organizer.
Web3 infrastructure firm Fortress Blockchain Technologies announces $22.5m seed funding
Fortress Blockchain Technologies announced it has raised Seed funding of $22.5 million led by Ayon Capital. The round also included Soaring Investment Management, Fortress' founder Scott Purcell.
Bain Capital leads $12m seed round for scalable blockchain startup RISC Zero
RISC Zero announced a $12 million seed round led by Bain Capital Crypto. Follow-on investors include Geometry, D1 Ventures and Cota Capital among others.
Boston-based crypto fund startup Triblock emerges out of stealth
Triblock, a Boston-based investment and advisory firm co-founded in 2019 by Matt Batsinelas and Bennett Collen, announced the startup has emerged out of stealth, after making over 20 investments while operating in stealth.
Web3 digital identity startup Unstoppable Domains raises $65m Series A funding at $1b valuation
Unstoppable Domains, the platform for Web3 digital identity with more than 2.5 million registered NFT domains, announced it has closed $65 million in Series A funding at a $1 billion valuation.
Web3 startup Book Token launches eBooks on Chain, sells $100K worth of eBooks
Dallas-based startup, Book Token (Booktoken.io), has brought books to the blockchain with the launch of its first eBook, the Gutenberg Bible - in recognition of the printing press technology created by Johannes Gutenberg.
Cryptocurrency startup Coinfeeds raises $2m seed round, launches Web3 community monitoring app
Coinfeeds announced that it has raised a $2 million seed round led by FTX Ventures, Coinbase Ventures, Protocol Labs (IPFS / Filecoin), Huobi Ventures, and startup accelerator Y Combinator.
Uganda entrepreneurs bet on fish project to boost incomes
To help communities reduce their post-harvest losses and access a more reliable supply of processed fish products.
Ugandan fintech platform Tugende closes pre-Series B investment round to accelerate growth
Tugende, the East African fintech platform providing asset financing and digital services to small businesses, announced it has raised a pre-Series B investment round led by current shareholder Partech Africa.
Ugandan fintech startup Eversend rebrands, announces new features
Eversend, a Ugandan fintech startup providing cross-border money transfers for Africans and Africans in the diaspora has rebranded, to reinforce its commitment to users with an all-inclusive payment platform and a modified look to support this transition.
Uganda is the happiest country in East Africa, Happiness Index
Uganda topped the position as the happiest country in the East African Region while Tanzania dropped further to position 139 compared to position 94 the previous year.
Bank of Uganda grants Yo-Uganda Limited Payment System Operator License
Among the provisions of the National Payment Systems Act, 2020 is a requirement for all payment system operators to apply for and qualify for licensing after having satisfied a meticulous process applied by the Central Bank.
Toronto-based mobility startup Treepz expands to East Africa, acquires Uganda's Ugabus
In a bid to digitize the public transportation system and provide safer, reliable and comfortable commute options across Africa, Toronto-based shared mobility company Treepz, announced its acquisition of a similar Ugandan bus company Ugabus.
afriQloud and whitesky.cloud have put the foundation in place for a federated EMEA cloud infrastructure
In partnership with the European company whitesky.cloud, afriQloud has designed a completely new architecture for affordable and local cloud services.
Ugandan fintech startup Fin-e Innovations raises $300,000 to bridge funding gap of African energy SMEs
Fin-e Innovations, a fintech start-up based in Uganda, has closed pre-seed funding of $300,000 from an undisclosed party in the United States.
Legatum Center launches inaugural Legatum Foundry Fellowship for entrepreneurs in Africa
At an inflection point in their entrepreneurial journeys, Fellows will learn from MIT faculty, connect with investors, and expand their network of peer innovators.
[Startup Interview] Marvin Akankwasa, CEO, Social Lend Africa, Uganda
Social Lend Africa is a Uganda-based financial technology company that facilitates transactions between micro-lenders and small business owners on its web and mobile app
Insurtech startup OKO raises $1.2m to bring innovative insurance to smallholder farmers across Africa
OKO, an insurtech startup that provides inclusive agricultural insurance to secure farmers’ income across Africa, closed a seed investment round of $1.2 million, led by Newfund and ResiliAnce.
Verdant Capital raises $9.9 million financing for East African tech enabled MSME lender Tugende
Pan African specialist investment financial institution Verdant Capital has raised $9.9 million Series A equity capital for Tugende, a technology enabled MSME lender in East Africa.
Insurtech startup Curacel secures $450K pre-seed funding to drive insurance inclusion in Africa
Curacel, an AI-powered platform for claims processing and fraud management in Africa, raised a $450,000 pre-seed funding in a round led by Atlantica Ventures and Consonance.
[Startup Interview] Prof.Yakubu Makeri, Founder, ICYDT, Uganda
International Center for Youth Development on Technopreneurship, ICYDT, is a Uganda startup working on skills development and reduction of poverty among the youth using information technology. The institution’s founder Prof. Yakubu Makeri explains the startup’s business model and plans to launch an online university.
[Startup Interview] Ian Sendagala, CEO, eFoods Trade, Uganda
eFoods Trade is an African online B2B marketplace connecting African foods to the global markets. The platform targets food importers, exporters, distributors, and manufacturers. Ian Sendagala the CEO explains.
[Startup Interview] Julius Masaba, Co-Founder, Ablestate, Uganda
Ablestate, a Ugandan startup works with businesses to point them to the right software developers while offering digital training to institutions of higher learning. In the process the startup is addresings youth unemployment in the East African nation.
[Startup Interview] Gyaviira Tumushabe, Co-Founder, Firm Tours and Safaris, Uganda
Gyaviira Tumushabe is a co-founder of Firm Tours and Safaris, a tourism startup based in Uganda. It offers services include wildlife safaris, mountain gorilla tracking, city tours, organized group tours, school tours cultural and religious tours, all arranged and operated within the bounds of Uganda.
[Startup Interview] Ancel Bwire, CEO, Ancywax, Uganda
Ancywax is a research, media and marketing startup domiciled in Uganda’s capital Kampala that has since 2014 been offering clients a cocktail of services from idea to implementation through a model dubbed Concept Development. Ancel Bwire the CEO elaborates about the startup’s business model and plans moving forward.
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