News

Published: 29-03-2018 19:00:00 | By: Nico Scherphuis | hits: 334370 | Tags:

Autochek acquires Morocco’s automotive tech startup KIFAL Auto to drive North Africa expansion
Published: 20-05-2022 | 11:47:00 | By: Pie Kamau
Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of KIFAL Auto, a Moroccan automotive technology startup, to drive its expansion into North Africa.


Fintech startup MooveBeta merges with ImpalaPay to provide a connected economy for Africa
Published: 20-05-2022 | 11:30:30 | By: Pie Kamau
Adanian Labs Africa incubated fintech startup MooveBeta has announced its merger with ImpalaPay, a fintech blockchain company with operations across 42 African countries and 134 worldwide.


Kenyan healthtech startup Zuri raises $1.3m to expand across Africa
Published: 20-05-2022 | 11:18:00 | By: Pie Kamau
Kenyan healthtech startup Zuri Health has raised $1.3 million in funding to expand across Africa. The startup which offers mobile-based healthcare attracted investment from DOB Equity, Launch Africa and Founders Factory Africa.


Finnish tech startup Bob W acquires Estonian competitor Estonishing Stay to expand its holiday rental platform
Published: 18-05-2022 | 14:26:43 | By: Pie Kamau
Bob W has acquired Estonia’s largest short-stay serviced apartment operator, Estonishing Stay Apartments, tripling Bob W's coverage in Estonia.


FNB announces $2.5m commitment to Black Tech Nation Ventures to fund Black-led technology startups
Published: 18-05-2022 | 13:46:00 | By: Pie Kamau
F.N.B. Corporation announced it is making a $2.5 million equity commitment to Black Tech Nation Ventures (BTN.vc), a majority Black-owned venture capital fund based in Pittsburgh, PA.


HealthQuest Capital closes $675m for Fund IV to invest in growth-stage healthtech startups
Published: 18-05-2022 | 13:35:00 | By: Pie Kamau
HealthQuest Capital, a sector specialist capital firm focused on companies optimizing value in healthcare, announced the close of HealthQuest Partners IV, L.P., at its hard cap of $675 million.


Banking-as-a-Service startup Unit raises $100m Series C round to accelerate product development
Published: 18-05-2022 | 13:05:00 | By: Pie Kamau
Unit, the banking-as-a-service platform that empowers companies to embed financial services in their products, announced it has raised a $100 million in a Series C round led by global software investor Insight Partners.


Construction tech startup Dibbs opens bidding app to disrupt the construction industry in Massachusetts
Published: 18-05-2022 | 12:49:00 | By: Pie Kamau
Construction technology startup Dibbs, announced the expansion of its iOS app to Massachusetts, to expand its marketplace in the area.


A.Team comes out of stealth with $60m funding to rethink tech's talent crisis
Published: 17-05-2022 | 14:59:00 | By: Pie Kamau
A.Team, the first members-only network of the world's top product builders, came out of stealth mode and announced a $55 million Series A financing round co-led by Tiger Global Management, Insight Partners and Spruce Capital Partners.


SaaS solution startup LucidLink raises $20m Series B to solve remote collaboration challenges for global creative teams
Published: 17-05-2022 | 14:40:00 | By: Pie Kamau
LucidLink, an innovative SaaS solution connecting creative teams around the world, announced it has raised $20 million in funding from investors in its Series B funding round.


Very Good Ventures raises $3m Series A funding to further scale rapidly growing flutter practice
Published: 17-05-2022 | 14:28:00 | By: Pie Kamau
Very Good Ventures, the Flutter app development consultancy, announced a $3 million in Series A funding from Celesta Capital to help drive rapid growth, make key hires, and expand the quality of the Flutter development ecosystem.


Habitat for Humanity launches ShelterTech accelerator seeking affordable housing innovations in sub-Saharan Africa
Published: 17-05-2022 | 13:22:15 | By: Pie Kamau
Global nonprofit organization Habitat for Humanity has opened applications for the ShelterTech sub-Saharan Africa accelerator program.


CMS startup Storyblok raises $47m Series B to make headless content management the new standard
Published: 17-05-2022 | 12:29:00 | By: Pie Kamau
Storyblok, an enterprise headless content management system (CMS) that enables developers and marketers to deliver powerful content experiences on any digital platform, announced the close of its $47 million Series B financing.


Israeli agritech startup Seed-X partners with Advanta Seeds to improve seed lot quality
Published: 16-05-2022 | 14:33:00 | By: Pie Kamau
Seed-X, an innovative AI-driven Agritech company, and Advanta Seeds, a UPL group company, are joining forces to apply new technology in seed processing.


Pan-African VC firm Ventures Platform appoints Dotun Olowoporoku as new Venture Partner
Published: 16-05-2022 | 13:47:36 | By: Pie Kamau
Pan-African VC firm, Ventures Platform has appointed Dotun Olowoporoku as the new Venture Partner. The appointment comes less than 6 months after the firm closed its $40 million fund.


Security startup StackHawk raises $20.7m Series B funding for developer-first application and API security testing
Published: 16-05-2022 | 13:33:00 | By: Pie Kamau
StackHawk, the company making application security testing part of software delivery, has secured $20.7 million in capital co-led by Sapphire and Costanoa Ventures.


AI gaming startup Sizzle.gg raises $5m seed round for expansion
Published: 16-05-2022 | 12:59:00 | By: Pie Kamau
Sizzle.gg, an AI-driven patented platform that creates automatic and personalized highlights for esports leagues and teams, video game streamers and more, has raised $5 million in a seed funding round.


Gaming startup StartPlaying raises $6.5m seed funding to scale growth
Published: 16-05-2022 | 12:24:00 | By: Pie Kamau
StartPlaying, the online platform to find tabletop role-playing games and professional Game Masters, announced a $6.5 million seed round led by venture capital firm Andreessen Horowitz general partners Jonathan Lai and Andrew Chen.


Contract management startup Evisort raises $100m funding to enhance customer experience, accelerate growth
Published: 13-05-2022 | 14:18:00 | By: Pie Kamau
Evisort, the no-code contract intelligence platform loved by legal, procurement, and sales operations teams worldwide, announced it has raised $100 million in capital.


Handspring launches with $6.2m seed financing to make mental healthcare accessible to children and families
Published: 13-05-2022 | 13:55:00 | By: Pie Kamau
Handspring announced the closing of its $6.2 million seed round to further its mission of making quality mental healthcare accessible to all families.


e-Logistics startup Truckbook raises $3m seed funding to revolutionize the trucking industry
Published: 13-05-2022 | 13:21:00 | By: Pie Kamau
Truckbook, a virtual trucking platform providing a suite of solutions for owner-operators, announced it has raised $3 million in Seed funding from Sacramento-based venture capital firm Moneta Ventures.


Fintech startup GravyStack raises $5.2m to launch gamified financial literacy banking platform for kids & teens
Published: 13-05-2022 | 12:47:00 | By: Pie Kamau
Serial entrepreneurs Scott Donnell and Travis Adams have raised a $5.2 million seed round led by Altrus Capital and a pool of private investors to launch the GravyStack financial literacy app.


Raytheon Technologies venture capital group invests in Hermeus to accelerate air travel
Published: 13-05-2022 | 11:29:00 | By: Pie Kamau
Raytheon Technologies announced a strategic investment in Hermeus Corporation, a company developing hypersonic aircraft for defense and commercial applications, through its newly established corporate venture capital group, RTX Ventures.


realme addresses internet coverage gap with affordable smartphones
Published: 12-05-2022 | 11:00:00 | By: Bob Koigi
Phone manufacturer realme has captured the Kenyan market by making smartphones affordable hence closing a widening internet coverage gap, despite huge investments in high-speed internet across Africa.


Fintech startup BridgerPay raises $6m seed round for self-onboarding payment operations platform
Published: 11-05-2022 | 13:45:00 | By: Pie Kamau
BridgerPay, a Limassol, Cyprus-based payment operations platform provider, raised $6 million in seed (equity and secondary) funding, to build the world's first self-onboarding payment operations platform.


Dough Ecommerce Capital partners with Byrne Capital to scale DTC businesses online
Published: 11-05-2022 | 13:03:00 | By: Pie Kamau
Dough Ecommerce Capital and Byrne Capital Ventures announced a strategic partnership to invest in and acquire direct-to-consumer (DTC) ecommerce businesses.


Foodtech startup Haofood partners Lawson to accelerate presence in China
Published: 11-05-2022 | 12:30:00 | By: Pie Kamau
Haofood, a food science and technology startup announced a new partnership with Chinese convenience store Lawson where customers will gain greater access to its products.


Salaries for startup CEOs break records, Kruze Consulting
Published: 11-05-2022 | 11:26:00 | By: Pie Kamau
Kruze Consulting, a CPA and finance consulting company for VC-backed startups, released new data on the average salary for startup CEOs.


CE-Creates merges with hatch & boost in MENA's first venture-builder merger for startups
Published: 11-05-2022 | 11:25:37 | By: Pie Kamau
CE-Creates, the business incubation platform of Crescent Enterprises, has completed the merger of its portfolio of startups with hatch & boost, an Abu Dhabi-based venture-builder dedicated to ‘hatching’ startup ideas.


e-Commerce startup byrd raises $56m Series C to become Europe-wide standard for next-day delivery
Published: 10-05-2022 | 11:07:00 | By: Pie Kamau
e-Commerce fulfillment technology startup byrd has raised a Series C round of $56 million, bringing the funding raised within the last 10 months to $75 million.


Biotech startup AskGene completes of $20m Series A financing to accelerate growth
Published: 10-05-2022 | 10:45:00 | By: Pie Kamau
AskGene, a clinical-stage biopharmaceutical company focusing on discovery and development of innovative biological drugs, announced the completion of $20 million in Series A financing.


Dragonfly Capital closes oversubscribed $650m crypto venture Fund III
Published: 10-05-2022 | 10:09:00 | By: Pie Kamau
Dragonfly Capital, a global crypto-focused investment firm, announced the final closing of its third venture fund, Dragonfly Ventures III, L.P. (Fund III).


Microsoft selects Solstar Space as Microsoft for Startups partner
Published: 10-05-2022 | 10:01:22 | By: Pie Kamau
Solstar Space (Solstar), the company making persistent in-orbit communications available, announced Microsoft has selected Solstar as a Microsoft for Startups partner.


South African gold startup Nebü Gold develops a gold bullion investment you can wear
Published: 10-05-2022 | 09:44:00 | By: Pie Kamau
South African gold startup Nebü Gold, is the first African jeweller to give bullion investors the option of wearing elegant 24-karat investment-grade jewellery.


Nigerian retail tech startup TradeDepot appoints Chidi Akubuiro as Managing Director for West Africa
Published: 10-05-2022 | 09:32:00 | By: Pie Kamau
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.