Zoom’s $14.7-Billion Deal with Five9 Put On Mute
In July, video conferencing mainstay Zoom announced that it was stepping into its first major acquisition buying cloud call centre service provider…
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Nigeria’s Andela Achieves $1.5-Billion Valuation in Latest Series E Round
Andela, a global engineering talent outsourcing company launched in Nigeria in 2014 has secured a $200-million investment during a Series…
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Nigerian B2B payments platform Verto raises $10m Series A round
Nigerian startup Verto, a B2B payments platform that provides a fast, simple, and reliable way for small and medium-sized enterprises…
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SA’s Sun Exchange secures $2.5m funding to boost scaling efforts
South African startup Sun Exchange, a peer-to-peer solar leasing platform, has raised a further US$2.5 million in funding by way…
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SA startups invited to apply for mLab accelerator programme
mLab Southern Africa has opened applications for its StartUp Accelerator, offering selected companies access to mentorship, business clinics and grant…
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Senegalese logistics startup Yobante Express raises $1.2m seed round
Senegalese delivery startup Yobante Express, an online marketplace that connects local couriers with local commerce to optimise domestic, cross-border and…
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Egyptian blockchain startup Pravica raises funding to scale operations
Cairo-based startup Pravica, a communication platform using blockchain technology to empower user privacy and security, has secured an undisclosed investment…
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Flat6Labs announces 2nd close of Tunisia seed fund at $10m
Flat6Labs, a regional seed and early-stage VC firm, has announced the second close of its Tunisia-based Anava Seed Fund (ASF),…
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Nigerian crypto exchange Yellow Card raises $15m Series A funding
Nigerian cryptocurrency exchange Yellow Card has raised US$15 million in Series A funding to ramp up hiring and continue its…
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Moroccan e-health startup DataPathology raises $223k funding
Moroccan e-heath startup DataPathology has raised MAD2 million (US$$223,000) to help it transform the pathological diagnosis system and improve services…
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Input Output launches $6M fund for startups to build on Cardano in Africa
Input Output has launched a six million dollars (USD) blockchain fund in Africa, to invest in the most innovative blockchain projects, who…
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Fintech dopay Raises US$18 Million Series to scale in Egypt
Dopay, the B2B2C payments platform serving 1.7bn unbanked workers in emerging markets, has closed a US$ 18 million Series A…
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As remote work becomes normal, Ukio raises $9M for premium long-term rentals
Startups have spent the last decade trying to offer every variation of Airbnb that they can imagine. But Ukio thinks it has…
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LG is acquiring automotive cybersecurity startup Cybellum in a $240M deal
LG Electronics, the Korean tech giant that once was a leading player in mobile phones but is now winding down that…
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Egyptian commerce marketplace Shiphaly secures 6-figure seed funding round
Egyptian startup Shiphaly, a platform connecting shoppers and travellers, has raised an undisclosed six-figure seed funding round from angel investors…
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Egyptian social commerce startup Brimore secures investment from Fawry
Egyptian social commerce startup Brimore has raised funding from e-payments solutions and banking services provider Fawry, the North African country’s…
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Uganda’s gnuGrid raises $612k seed round as it pivots into fintech space
Ugandan startup gnuGrid has increased the size of its seed funding round to US$612,500 as it pivots its product offering…
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Alpha Medical closes $24M Series B round to expand women’s telehealth — without the video calls
Alpha Medical, a telemedicine company focused on women’s healthcare, closed a $24 million Series B round on Tuesday. It’s another…
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Cartona gets $4.5M pre-Series A to connect retailers with suppliers in Egypt
Today, Cartona is announcing that it has raised a $4.5 million pre-Series A funding round to connect retailers and manufacturers via an…
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VC Mark Suster: “The bet we’re making now is on founder skills,” instead of customers or products
We recently caught up with longtime VC Mark Suster of L.A.-based Upfront Ventures, which last raised both an early-stage fund and…
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Nigerian startups can pitch for share of $30k pre-seed equity pool at StartupSouth event
Nigerian startups have been invited to apply to pitch for share of a US$30,000 pre-seed equity funding pool provided by…
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Egyptian e-health startup Sotech raises $1m pre-seed funding round
Egyptian e-health and IoT solutions startup Sotech has raised US$1 million in pre-seed funding to scale into the rest of…
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The Global Innovation Initiative Group plans to invest $100 million in Africa to help the continent’s tech sector grow
The Global Innovation Initiative Group has announced the creation of a fund to support African innovation. Over the next three…
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$100M innovation fund to fuel tech investments across Africa
The Global Innovation Initiative Group (GIIG) stands out as an investment vehicle supporting early-stage tech startups by establishing a new fund aimed…
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African genomics startup 54gene raises $25M to expand precision medicine capabilities
Written by Tage Kene-Okafor Less than 3% of genetic material used in global pharmaceutical research is from Africa. The staggering gap…
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Nigerian agri-tech startup Releaf secures $4.2m in seed funding, grants
Written by TOM JACKSON Nigerian startup Releaf, which develops proprietary hardware and software solutions to drive the industrialisation of food processing…
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Swedish caller-identification service Truecaller seeks to raise over $100 million in IPO
Written by Manish Singh Truecaller, which operates an eponymous caller-identification service, said on Wednesday it is looking to raise $116 million…
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Egyptian fintech startup Kashat raises $1.75m bridge funding round
Written by TOM JACKSON Egyptian fintech startup Kashat has raised a US$1.75 million bridge funding round to further develop its…
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Nigerian-led legal tech startup Definely raises £2.2m seed fund led by Microsoft
Written by Ejike Kanife Nigerian-led legal technology startup, Definely has announced a £2.2 million funding round. The funding round was led by…
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ColdHubs (Nigeria) and Hello Tractor (Kenya) are the winners of Heifer International’s US$1.5 million AYuTe Africa Challenge
The winners of the inaugural US$1.5 million Heifer International AYuTe Africa Challenge were announced today: Nnaemeka Ikegwuonu, founder and CEO…
