Vendease secures $30m to transform procurement and business operations for restaurants across Africa
Vendease, a Y Combinator-backed digital platform that allows restaurants in Africa to buy supplies, access financial services and power their business operations, has raised $30 million funding round.
Crypto tax reporting app Binocs nets $4m funding round as it adds institutional investors to retail base
Crypto tax reporting app Binocs has announced a $4 million fundraise to cater to institutional crypto investors and enter geographies like the US, UK, Australia etc.
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.
India's fruits and vegetables platform Sahyadri Farms raises €40m growth capital to support smallholder farmers
India's integrated platform for fruits and vegetables Sahyadri Farms has raised €40 million growth capital from a group of impact-focused investors; Incofin, Korys, FMO and Proparco.
Tesh Mbaabu is a serial entrepreneur who lives to blend commerce and technology. He is the Co-founder and CEO of Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa today, MarketForce.
Austrian startup Shopstory is raising a million-dollar investment from tecnet equity, Startup300 and business angels Patrick Pöschl (Co-Founder Scalable Capital) and Hansi Hansmann in its second round of financing.
Wasoko (formerly Sokowatch), an African B2B e-Commerce startup that leverages technology to transform the informal retail supply chain, announced the official launch of the “Wasoko Innovation Hub” in partnership with the Zanzibar government.
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.
Lil Durk (LilDurk.com), a Canadian news & technology company enhanced by AI-driven neural networks, has announced a strategic partnership agreement with Budmail, a retail-focused cannabis company.
South African agritech disruptor AgriKool drives down food costs for consumers, increases profits for farmers
AgriKool, a South African e-trading platform, is connecting agricultural producers to buyers to facilitate the sale of products between retailers and farmers.
Copia Global, a Kenyan-based mobile commerce platform has unveiled a new manufacturing unit to enhance its output of affordable sugar and rice to the Kenyan market.
Vetted (formerly Lustre) announced the launch of its AI-powered product search engine, alongside a $14 million Series A investment round led by global software investor Insight Partners.
Ottonomy.IO, the autonomous robotics delivery startup, announced the close of its seed funding round of $3.3 million bringing its total funding to date to $4.9 million, supporting the scale of Ottobots for fully autonomous airport, retail and restaurant deliveries.
Venture capital firm VMG Catalyst announced the closing of Fund II at its target of $400 million, bringing the total capital raised to $650 million across both funds.
London-based startup Geomiq raises $8.5m to digitize manufacturing and deliver industry leading service levels
London-based startup Geomiq announced it has raised $8.5 million funding to digitize global manufacturing and deliver industry leading service levels for Engineers and Procurement teams.
Bodybuilding.com, the online fitness store, has struck a deal to partner with Retail Ecommerce Ventures (REV), a global leader in e-Commerce with a rapidly growing roster of well-known brands, to accelerate growth.
Plobal Apps, a no-code mobile app platform for e-commerce stores, raised $8.5 million, led by Elevation Capital and Bessemer Venture Partners.
Bazaar, Pakistan’s B2B e-Commerce and fintech platform has raised $70 million in a Series B financing led by Dragoneer Investment Group and Tiger Global Management.
Trunkrs, specialist in same day & next day delivery for the e-Commerce sector, has successfully raised €15 million in a series B investment round. The financing round was led by Korys, the Belgian investment company of the Colruyt family.
Amsterdam-based Instant Commerce secures €2m pre-seed funding to boost its headless storefront builder
Amsterdam-based Instant Commerce announced it has secured €2 million pre-seed funding to boost its headless storefront builder.
Dutch Bros, a drive-through coffee chain headquartered in Grants Pass, Oregon, announced that together with its customers, raised a record breaking $2.3 million during its 16th annual Drink One for Dane day.
Prokeep, the communications and commerce platform built exclusively for distributors, announced the closing of $9 million seed round.
Super, an Indonesian social commerce platform serving tier-2 and tier-3 cities and Indonesian rural areas, announced it completed a $70 million oversubscribed Series C round led by NEA with additional investment from Insignia Ventures Partners.
Swiss Web3 payment startup DePay, announced its official integration into omnichannel commerce platform Shopify, allowing for the very first integration of a wallet-to-wallet (P2P) payment solution for eligible Shopify merchants.
e-Commerce logistics startup Kubbo, announced its first international move to expand its model of digitising logistics for brands and ecommerce companies. The operator has launched its activity in Italy.
Dough Ecommerce Capital and Byrne Capital Ventures announced a strategic partnership to invest in and acquire direct-to-consumer (DTC) ecommerce businesses.
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.
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.
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.
Tomorrow Farms, a food technology company on a mission to fuel the sustainable food revolution with irresistible food and beverage brands, announced a $8.5 million seed round led by Lowercarbon Capital and additional key investors.
The Home Depot announces $150m venture capital fund to fuel innovation in retail and home improvement
The Home Depot announced Home Depot Ventures, a $150 million venture capital fund created to identify, fund and partner with early-stage companies to accelerate emerging technologies.
On-demand delivery platform Glovo has announced the winners of its tech startup pitch competition in Kenya.
African B2B marketplace Kwely finalized a $1 million seed funding round with a $700,000 injection of fresh capital led by WIC Capital with participation from Loftyinc Capital, Afropreneur Angels, Haskè Ventures and other angel investors.
Estonian startup Upty, the resale e-Store in the Baltic region, announced the acquisition of its Finnish peer, Rekki. In addition, Upty is planning to kick-start the fundraising in the coming months in order to pursue the Company's accelerated expansion across Europe.
Health-focused plant-based meat company Nowadays closed its oversubscribed Seed round, raising just shy of $10 million to-date to support commercialization of new plant-based chicken innovation.
SAP SE announced the launch of a virtual startup program focused on building a resilient supply chain at the SAP.iO Foundries Munich and Tel Aviv.
Copia Global, a Kenyan-based mobile commerce platform has announced the appointment of former Amazon executive Jason Murray to its Board.
Lure Life, (Lure), a luxury, joy producing CBD brand has raised $750,000 in a Seed round of funding supported by a diverse group of investors in the beauty, finance and the consumer-packaged goods sectors.
Colombian-based consumer and fintech company Leal has raised a $10 million Series A round co-led by global internet services leader Rakuten Group – through its investment arm Rakuten Capital – and IDC Ventures global fintech investment firm.
Tushop, a Kenyan social-commerce platform that enables group-buying of fast-moving consumer goods (FMCGs), announced it has raised $3 million in pre-seed funding, led by 4DX Ventures.
French insect farming startup Ÿnsect acquires Nebraska-based Jord Producers to open first mealworm farm in the US
Jord Producers, based in Nebraska, has been incorporated into Ÿnsect’s production portfolio, signifying the global leader’s entry into North American mealworm production.
Plug and Play Japan has selected 25 startups from Japan and overseas for their accelerator program that promotes open innovation in Smart Cities theme. From the Batch 3 program, it will expand and operate at two locations, Tokyo and Osaka.
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.
Kenyan based B2B e-Commerce startup Sokowatch has raised a $125 million Series B equity round, the largest venture financing round ever raised for a non-fintech startup in Africa.
Product photo performance startup Bloom raises $1.1m seed round funding to bring generative AI to e-Commerce
Product photo performance engine Bloom announced it has raised $1.1 million at the close of its seed funding round.
Calico, the developer of the first AI-powered smart supply chain management platform, announced it has raised $2 million in seed funding. The growth financing is led by Serena Ventures following 300% growth since January 2022.
The Host Co., the first-of-its-kind digital commerce marketplace for short-term rentals, announced an oversubscribed $1.85 million seed funding round, led by HearstLab with participation from The Artemis Fund and Untapped Capital.
South African fintechs Payflex and Merchant Capital launch cash advance solution for small retailers
Two South African fintechs, alternative lender Merchant Capital and buy-now-pay-later (BNPL) specialist Payflex, have launched a cash advance solution for small and mid-sized retail sector.
Food startup Next Gen Foods announced its first product TiNDLE, now available in a range of iconic restaurants across the East and West Coasts in some of the country's leading "foodie" cities.
Cortina, a revolutionary software solution that gives any retailer, from big box to mom-and-pop, the power to become a player in the fast-evolving marketplace revolution, announced it has closed $6 million in seed money.
Kenyan foodtech startup Kune has officially launched commercial operations with four meal hubs located in strategic locations in Nairobi.
Shenzhen-based fintech startup Dowsure Technologies, has attracted the attention of global strategic investors, fueling the growth of millions of e-Commerce sellers from China on marketplaces like Amazon, eBay, Shopee and more.
Kenyan retail tech startup MarketForce raises $40m Series A to scale up super app for Africa’s informal merchants
MarketForce, the Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced the closing of a $40 million Series A round.
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.
[African Startup Review] Pie Kamau: Nigerian fintech Flutterwave is now Africa's highest valued Unicorn
As the African fintech industry continues to bloom, so does the funding. Flutterwave has now become Africa's highest valued startup after closing $250 million Series D funding, bringing the company’s valuation to over $3 billion.
Cansativa Group announced it has closed a $15 million Series B investment led by Casa Verde with participation by Argonautic Ventures and Munich-based family office Alluti.
Raydiant, the in-location experience management platform for brick-and-mortar enterprises, announced it has raised a $30 million Series B funding round led by 8VC and Atomic Ventures.
Zbooni, MENA's c-Commerce (connected commerce) platform, has announced its official launch in Egypt. The rapidly scaling startup, which is backed by regional and global investors, will support the backbone of the Egyptian economy.
Fraugster partners with Dutch-based fintech startup Payaut to provide fraud prevention services to e-Commerce marketplaces
Fraugster, a German-Israeli payment intelligence company, has partnered with marketplace payout specialist Payaut, an Amsterdam-based fintech startup, to provide fraud prevention services to marketplaces.
The startup ecosystem in Africa is taking shape. A lot of technological innovations especially in the areas of fintech, e-mobility, e-commerce, healthtech, foodtech and cleantech have seen accelerated growth towards Africa’s digital transformation and innovation.
SaaS startup Aramid Technologies raises $2m seed round to redefine quality certification management in global supply chains
SaaS startup Aramid Technologies announced it has raised $2 million in seed funding to expand its flagship product, SmartCert.
Vietnam-focused retail investing app Infina, announced the closing of $6 million in seed funding from Sequoia Capital India’s Surge, Y Combinator, Saison Capital, Starling Ventures, Alpha JWC, and AppWorks.
Amsterdam-based Polestar Capital Polestar Capital announced the launch of the biggest circular economy fund in Europe. The fund, called the Polestar Capital Circular Debt Fund (PCDF), has opened at €100 million
Cannabis banking fintech company Abaca surpassed compliantly processing more than two billion dollars in commerce for the cannabis industry.
B2B marketplace startup Retailo raises $36m Series A funding to empower community commerce in the MENA region
Retailo, the B2B marketplace startup for retailers in Middle East, North Africa, and Pakistan (MENAP), has raised $36 million in its Series A investment round which was a mix of equity and venture debt.
Cloud-based-AI startup Inspectorio raises $50m to reinvent production chain with AI-powered platform
Inspectorio, the cloud-based AI-powered SaaS solution, announced the company has raised $50 million in a Series B Round led by New York-based global private equity and venture capital firm, Insight Partners.
EasyBins, a company solving the grocery logistics problem for suburban markets in North America, announced $2 million late stage seed round funding to expand its geographic footprint and invest in technology and staff.
Morocco fintech startup Chari closes a bridge round to pilot BNPL services with grocery stores in Francophone Africa
Aiming to take a serious step towards the Fintech space, Chari has announced the closing of a bridge round led by the Saudi-based venture capital fund Khwarizmi Ventures (KV).
Kenyan-based mobile commerce platform Copia Global raised $50 million in a Series C equity round led by Goodwell Investments.
Kenyan fintech startup Zanifu announced it has successfully closed a $ 1 million seed financing round to scale its business and improve on its platform.
Israeli foodtech startup Plantish is giving consumers a first look at its flagship product, a 100% plant-based whole-cut salmon fillet, which mimics cooked salmon in texture, taste, appearance and structure.
Afrikrea, an Ivorian e-Commerce startup has raised $6.2 million pre-Series A funding round led by Investisseurs & Partenaires. The startup has also rebranded to 'ANKA'.
This announcement brings the Company’s total funding to $380 million in equity and debt financing, which will enable Ampla to impact even more small-to-medium sized businesses (SMBs) in the consumer brands space.
Kenyan fintech startup Tanda inks deal with Twiga Foods to enable vendors vend its digital financial services
Kenya’s fintech startup Tanda announced a new partnership with Twiga Foods that will see Twiga vendors become a one-stop-shop for a variety of digital and financial services offered by Tanda.
REEF and 2ndKitchen’s existing businesses will be combined under the REEF brand, and will operate under REEF’s Hospitality division.
Kenyan-based Penda Health partners with femtech e-Commerce startup Kasha to ease contraceptive access for consumers
Healthcare solution provider Penda Health announced a partnership with Rwandan femtech e-Commerce startup Kasha, to enable increase access to contraceptive products via the Kasha digital platform.
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.
BOETIEK, a Dutch startup, works with local boutiques and brands to increase audiences and increase online sales. The platform offers a wide range of products and services from latest fashion trends to new online boutiques and concept stores.
Estonian startup Gelatex raises €1.2m seed round for affordable and scalable manufactured cell-cultured meat
Estonian startup Gelatex announced it raised €1.2m seed round for affordable and scalable manufactured cell-cultured meat, making it cheaper than ever.
TruePay, a Brazilian startup whose innovative payment solution helps small and medium sized retailers have free and secure access to credit, has raised $32 million in Series A funding led by Addition.
TiiCKER hit the trifecta with the addition of an Android app to its web and iOS portals, giving America's estimated 130 million retail investors instant access to loyalty rewards.
London-based healthcare startup Gravitiq raises $55m seed round to expand portfolio of e-Commerce healthcare brands
Gravitiq, the doctor-founded and led healthcare brand aggregator, announced the close of its seed funding round, raising a total of $55 million.
Indonesia's Hypefast emerges from stealth mode as the largest house of e-Commerce native brands in Southeast Asia
Hypefast, Southeast Asia's (SEA) largest house of e-Commerce native brands, announced it has grown its portfolio to more than 25 brands and has been achieving full profitability.
DeHaat, the technology-based platform offering end-to-end agricultural services to farmers in India, announced it has raised $115 million in Series D funding, led by Belgium based investment firm Sofina and Lightrock India.
Four startups from Ghana have joined The Catalyst Fund Inclusive Digital Commerce Accelerator, a programme that supports innovators building digital commerce solutions.
LoveLocal, India's hyper-local e-Commerce platform empowering local retailers, has raised $18 million in a Pre-Series B investment round.
BOXT, the female-founded, direct-to-consumer winery, announced it has raised $9.35 million in equity and debt funding to drive the continued expansion of its luxury brand of fine wine offerings.
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.
Unilever announced the launch of the Positive Beauty Growth Platform, a new initiative which aims to partner with scaleups and startups to drive innovation and brand growth.
Industrial automation startup Agtonomy launches out of stealth to address farm labor crisis with $4m seed round
Agtonomy, a hybrid autonomy and tele-assist service platform, launched out of stealth and announced a $4 million seed round from Grit Ventures, GV (formerly Google Ventures), and Village Global.
Convictional, the first supplier enablement platform for retailers and distributors to power drop ship, marketplace and wholesale business models in one solution, announced it has secured $6.7 million in Series A funding.
bttn., a Healthtech startup providing a B2B e-Commerce platform for purchasing medical supplies, announced an expansion to its product catalog with the addition of 93 PlastCare USA products for dental practitioners.
Organic food startup Teatis closes seed funding round to advance production and marketing in the U.S.
Teatis, makers of superfood powders for diabetic consumers, announces the close of its seed funding round. The science-backed brand that specializes in sugar-blocking teas accrued $700,000 from various high-power angel investors.
BRUNT Workwear, a modern work boot and apparel brand designed for today's construction workers and tradespeople, closed an $8.4 million Series A round to accelerate its growth and meet demand as the company disrupts a $12 billion-dollar category in the US.
Major global player in the 4.0 Industry for the fashion, automotive, and furniture market, Lectra is joining the Brand & Retail program of the Plug and Play network, the world's leading innovation platform connecting startups, investors, and pioneering companies.
TMRW Foods, the growing Canadian plant-based food innovation company, announced a seed round investment of $2.6 million.
Food technology startup GrubMarket announced it has completed the acquisition of Bartolotta, a full-service provider of fresh fruits and vegetables to customers in New England, the Mid-Atlantic and Eastern Canada.
Ankorstore is an online B2B marketplace connecting brand and retailers, all around Europe.
Speakeasy Co., a technology company and e-commerce platform for the wine & spirits industry, announced a $2 million seed round led by Trog Hawley Capital LLC with participation from other notable investors.
The Harambeans Prosperity Fund, a donor advised investment vehicle formed through the Harambe Entrepreneur Alliance’s network of prominent families and corporations co-invested $100,000 in Y Combinator Harambean venture MarketForce.
MaxAB, Egyptian B2B e-commerce platform that serves food and grocery retailers, has acquired WaystoCap, the Morocco-based B2B e-commerce and distribution platform that connects retailers with suppliers across Africa.
End-to-end e-Commerce startup Cart.com raises $98m Series B to deliver integrated solutions for e-Commerce brands
Cart.com, the end-to-end e-Commerce services provider, announced the close of a $98 million Series B round, bringing the company's total funding since its launch eight months ago to more than $140 million.
Ghanaian startup Plendify has launched a B2B e-Commerce marketplace to connect customers with small and large African wholesalers, manufacturers, exporters, and importers.
Full-stack delivery scale-up Merqueo raises $50m Series C to expand its grocery delivery service across Latin America
Merqueo, a full-stack delivery scale-up, landed a $50 million series C round led by IDC Ventures, Digital Bridge and IDB Invest. The company is the first and largest full-stack grocery delivery player in Latin America.
Rapyd, a global Fintech as a Service company, announced a $300 million Series E funding round led by Target Global.
B2B sales productivity startup Nektar.ai closes $8.1m to accelerate product development, launch in the US market
B2B sales productivity startup, Nektar.ai has raised an additional $ 6 million seed round of funding led by B Capital Group, 3one4 Capital and Nexus Venture Partners.
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.
Entrepreneur Suite is a South African startup targeting micro retailers with an application that records valuable sales information that is then served back to the business owner as demand forecasting suggestions which are designed to provide profiting opportunities.
Taager, an Egyptian social e-Commerce startup raised a $6.4 million seed funding round to help it scale its platform and expand across the Middle East.
Dragonboat, the Product Portfolio Management platform, announced a $3 million seed round by Act One Ventures, Roble Ventures and GingerBread Capital.
unybrands, an integrated platform for e-Commerce businesses looking to scale their operations on and off Amazon, announced the closing of up to $300 million in growth capital with Crayhill Capital Management.
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.
MarketForce, the Kenyan-based B2B platform for retail distribution of consumer goods and digital financial services in Africa, announced a $2 million pre-Series A round, bringing total funding to-date to $2.5 million.
FDJ announced the beginning of a partnership with Plug and Play, world's open innovation platform.
Alchemy Home Products, a Salt Lake City startup, has created a new product that will help prevent basement flooding after heavy rains, The AutoSpout.
Female-founded wellness startup House of Wise raises $2m, launches full line of organic CBD products
New female-founded CBD brand House of Wise announced a $2 million seed funding round to improve the lives of women everywhere through community, content, and trustworthy CBD products.
Healthtech startup bttn. closed a $1.5 million seed round from a group of technology and supply chain leaders.
MainStem, the cannabis industry's only marketplace and combined integrated purchasing platform, announced it has been selected as a Microsoft Partner for Startups.
Predictive Kids' e-Commerce startup Ten Little raises $5m to disrupt children's marketplace with personalized guidance
Ten Little, the predictive e-Commerce platform helping parents navigate the cluttered kids product space, announced the close of its $5 million seed round led by Kindred Ventures.
MarketForce acquires Digiduka startup to consolidate distribution of consumer goods with digital financial services in Africa
MarketForce, the end-to-end retail distribution platform for consumer brands in Africa, announced the strategic acquisition of Digiduka, a startup on a mission to bring informal retailers in Africa into the digital economy.
Kindra, a modern wellness brand for menopause essentials, announced it closed a $4.5 million seed funding round. The new capital will be used to drive the continued growth and expansion of Kindra.
Brazilian logtech startup Uello concludes $4m Series A investment deal led by the Btomorrow Ventures
Uello, a Brazilian logtech startup that uses technology and a collaborative network to provide express freight services with superior experience, concluded its Series A investment deal with an investment injection of $4 million.
Petaluma, Inc., a pet care startup focused on sustainability, launched the world's first baked and plant-based formula for adult dogs of all breeds. The company's mission is to offer environmentally responsible diets that meet 100% of a dog's nutritional requirements.
TMT investments venture fund invested $2 million as a lead investor in a late seed round into Synder, an easy accounting solution for e-Commerce businesses.
Something Borrowed Blooms, the pioneer of the silk wedding flower revolution, announced a $1.5 million Series A funding round led by Callais Capital. This investment brings the total raise by the company to just over $2 million since 2015.
Planterra Foods, an innovative plant-based protein startup based in Colorado, announced a supply agreement with UNFI Canada, a subsidiary of UNFI, the largest publicly traded grocery distributor in North America.
Global Innovation Platform, Plug and Play Japan has selected 91 Japanese and international startups into its Summer/Fall 2021 Batch, which will be carried out from June to September 2021.
Plug and Play Canada selects 12 startups to participate in Toronto Supply Chain and Logistics Program
Plug and Play Canada announced the selection of 12 startups into the first batch of the Toronto Supply Chain & Logistics Program.
Upsie, a consumer-centric platform for purchasing product warranties, announced it has raised a $18.2 million fundraising round led by True Ventures.
Cartwheel, an on-demand delivery management platform for restaurants and retailers, announced it has raised a $1 million seed round led by TenOneTen Ventures with participation from Act One Ventures and Portillo's Hot Dogs,
San Francisco-based food technology startup GrubMarket announced it has completed the acquisition of Vaccaro & Sons in St. Louis, Missouri.
Hashflow, a decentralized exchange connecting DeFi traders with top crypto market makers, closed a seed funding round of $3.2 million from leading venture capital firms and angel investors.
Israeli customer intelligence startup Affogata raises $5.5m seed funding to bring consumer's voice to customer-obsessed brands
Affogata, the customer intelligence platform enabling brands to harness data to guarantee their consumers a perfect experience, announced a $5.5 million financing round of seed funding co-led by Mangrove Capital Partners.
While restaurants and small businesses everywhere have struggled to survive the pandemic, U.S.-based foodtech startup Yo-Kai Express (YKE) has leveraged its technology and ideas to evolve and transform its business models to broader platforms.
Subscription Management startup Chargebee raises $125m Series G funding to accelerate global shift to subscriptions
Chargebee, the subscription billing and revenue management platform, announced a fresh round of $125 million in series G funding, co-led by new investor Sapphire Ventures and existing investors Tiger Global and Insight Venture Partners.
Chef Avenue, an inspiring startup at the forefront of the design of modernized, high-performance cookware, is currently riding the wave of a wildly successful Kickstarter campaign for its first product, Omnipan.
Chicago-based venture capital firm Starting Line closes $30m second fund to continue funding consumer startups
Starting Line, the Chicago-based venture capital firm, announced that it has closed $30 million for its second fund, dedicated to expanding access to technologies, products, and experiences for the 99 percent of Americans.
Eleven early-stage startups have joined the Batchery's three-month Deep Dive program for entrepreneurs. The program focuses on helping startups get over their first set of growth hurdles.
Entrepreneurs face thousands of obstacles in their careers. Seed money, growth, staffing - the list is endless. Some prioritize funding, leaving them bound to venture capitalists whose goals clash with theirs.
BLAZE, the industry player enterprise resource planning and point of sale platform for legal cannabis, recently closed its Series A funding round at $8 million.
Spirits and technology startup Endless West, announced it has raised $21 million in Series B funding, for a total of $33.7 million in investments to-date.
iFoodDS, provider of food safety, traceability, and quality management solutions for the fresh food supply chain, announced the close of a $15 million Series A funding round led by Insight Partners.
Snapchat's parent company Snap has acquired Fit Analytics, a technology startup that has built technology to help shoppers pick the right-sized clothing and footwear when they shop online.
Canadian retail finance startup FIX4 Capital has joined the "Buy Now Pay Later" boom by offering instant online loan approvals so customers can enjoy flexible payment solutions for any car repair and maintenance estimates.
Kenyan based startup Ajua has partnered with MTN Nigeria to launch EnGauge, a digital e-Commerce customer engagement management mobile app to support SMEs.
The Catalyst Fund Inclusive Digital Commerce Accelerator announced the first cohort of digital commerce companies to be scaled, with the goal of improving the livelihoods of informal MSEs in Ghana.
Nigerian startup Kwik Delivery announced it officially made available its breakthrough, just-in time delivery service to businesses, government agencies and merchants in Abuja.
Ghanaian health tech startup mPharma, signed a franchise agreement with Belayab Pharmaceuticals to open Haltons Pharmacies in Ethiopia.
VERSO Capital, the Luxembourg-based boutique merchant banking and financial services firm, announced the successful closing of a series seed in Nitro Beverage Inc.
KetoNatural Pet Foods, a pet food startup founded by companion animal nutrition author and activist Daniel Schulof, announced the closing of a $2 million seed financing transaction led by Chicago-based fund Corazon Capital.
REFASHIOND Ventures, an NYC-based, early-stage supply chain technology venture firm that invests in startups refashioning global supply chains, announced the launch of a $10 million early stage Rolling Fund on AngelList.
Plug and Play has accepted 98 startups into its Spring 2021 Batches. Startups have been selected for one of the following programs that run through May: Brand & Retail, Food & Beverage, Media & Advertising, New Materials & Packaging, Supply Chain, or Sustainability.
Text message marketing startup Postscript raises $35m to fuel the future of customer communication via SMS
Postscript, the text message marketing platform for Shopify stores, announced a new round of Series B funding of $35 million led by Greylock, with participation from YC Continuity Fund, OpenView, and others
Interlace Ventures adds new venture partners to expand strategic investments in tech-enabled commerce
Interlace Ventures announced it has expanded its team with two commerce technology luminaries. Vibhu Norby and Sydney Werber will join as venture partners while retaining their respective roles at b8ta and Avise.
Eco-friendly startup Sunday announced that its innovative line of lawn, pest, and yard care products will now be available for purchase at Walmart stores throughout the country.
Silicon Road Ventures today announced the close of its $31 million fund focused on commerce tech. Silicon Road invests in US-based technology startups ranging from seed to series A across e-commerce, retail and CPG.
Horizon Technology Finance Corporation, a specialty finance company announced it has provided a $9 million venture loan facility to Primary Kids (Primary), of which $6 million has been initially funded.
Fintech startup TiiCKER celebrates Detroit public companies with exclusive shareholder perk for investors
TiiCKER, a Detroit-based fintech startup that engages, verifies and rewards retail investors through stock perks, announced an exclusive reward for shareholders of metro Detroit-based public companies.
Emotive startup raises $50m Series B funding to accelerates growth of its conversational text message platform
Emotive, the first and only conversational text message platform for eCommerce brands, announced the closing of a Series B funding round of $50 million led by CRV, bringing the company's valuation to $400 million.
FloorFound, a software platform that facilitates returns and resales of oversized products for eCommerce retailers, closed a $4 million seed round led by LiveOak Venture Partners.
Cloud infrastructure startup Pipe17 raises $8m to help high-growth e-Commerce merchants close demand and operations gap
Pipe17, the connected infrastructure company for e-commerce, announced the closing of an $8 million round of funding led by GLP Capital Partners, the U.S.-based investment arm of GLP.
talkshoplive (TSL), a Los Angeles-based livestream commerce company, announced it has closed a $3 million seed round of financing led by Spero Ventures LLC, to further scale the livestream network.
A new platform DineSafe, is helping individual restaurants show potential customers the many ways they're keeping customers and employees safe.
New Age Meats (NAM), a cultivated and plant-based meat startup in Berkeley, CA with an initial focus on pork, announced an additional $2 million in Seed extension, adding to funds raised post-Seed announced late last year.
Maryland-based early-stage company Sparo has joined the Microsoft for Startups program to scale its trademarked Purchase with a Purpose platform on Microsoft Azure.
Food Tech Studio - Bites! unveils 85 startups from across the world to participate in its innovation program
Scrum Ventures announced the list of startups chosen to participate in its Food Tech Studio - Bites!, a global program aimed to solve the key challenges plaguing our food supply chain today, including (but not limited to) safety, waste reduction, and health.
Vegano, Canada's first plant-based meal-kit delivery service, is helping Canadians take plant-based living beyond Veganuary. Following its official launch on January 4, 2021, Vegano has delivered over 800 meals.
Sturish, an AI driven e-commerce growth platform that establishes and grows online businesses across multiple channels and global markets, closed a $3.2 million seed funding round to hire additional talent and build out its technology platform.
Tealbook, the Trusted Source of Supplier Data, announced it closed $14.4 million on the heels of tremendous growth, in an A round with lead investor, RTP Global.
Wimple, (Wealth made Simple), a platform for retail investors and consumers to ask financial questions and connect with top financial professionals in their area, has raised a seed round from strategic investors.
Indian food and grocery e-commerce startup Jumbotail secures $14.2m Series B3 funding from VII Ventures
India's food and grocery e-commerce and new retail platform Jumbotail secured a $14.2 million Series B3 funding from VII Ventures (Seven Ventures).
Global retail corporation Walmart has announced the creation of a new fintech startup designed to develop and offer modern, innovative and affordable financial solutions.
New Wave Foods completes $18m Series A financing to focus on plant based Shrimp and sustainable shellfish
New Wave Foods announced the completion of $18 million Series A round of financing, led by New Enterprise Associates (NEA) along with Evolution VC Partners, as well as other new and existing investors.
CBD startup Citrus CBD Industries (Peels), launched the first nationwide CBD brand made from oranges led by Founder & CEO Chris Hetherington.
GoFor Industries, a provider in last-mile, on-demand and same-day delivery startup says it has closed a $20 million (CAD) Series A growth investment to continue its ongoing expansion into the U.S.
In the wake of recent retail closures across the UK, fashion technology startups are delivering much-needed innovation to help merchants maximise online sales and optimise unprecedented digital demand this Christmas.
San Francisco-based indie cannabis beauty startup Green Bee Botanicals won 'Best Serum' for its CBD-rich Perfecting Serum in the 2020 Dirty Thinkers' Choice Awards.
Helios Investment Partners, Africa-focused private investment firm, announced a partnership with BİM BİRLEŞİK MAĞAZALAR (BIM), discount grocery retailer in Turkey listed on the Borsa İstanbul, to invest in BIM’s Moroccan business.
Fresh produce packaging specialists StePac L.A., Ltd. has been acquired by Nili Capital Partners, an Israeli private equity fund.
Plug and Play Japan has selected 103 startups in IoT, Fintech, Insurtech, Mobility, Brand & Retail, Hardtech & Health, and newly launched vertical, Smart Cities, for the Winter/Spring 2021 Batch accelerator program.
International nonprofit economic development organization TechnoServe is partnering with the Aspen Network of Development Entrepreneurs (ANDE), to host the 4th Virtual Micro Retail Stakeholder Forum.
Plant-based activewear startup TVAAG announced its launch on on Kickstarter. Founded in P.E.I in 2020, TVAAG uses a combination of Indian traditional textile manufacturing principles and modern fabric technology in sustainable fashion.
Pet supply startup Petpal raises capital via equity crowdfunding to expand e-Commerce operations in India
Pet supply startup Petpal has developed a one-stop platform for pet owners to get the food, medicine, and accessories they need to keep their pets happy and healthy.
Innovative startup Sell&Buy USA has launched an online marketplace exclusively for American-made products, co-founded by tech entrepreneurs Kiché Rubalcava and Mariam Bulin-Diarra.
Food & beverage e-commerce startup Feast & Fettle raises $1.2m to expand into Massachusetts and Connecticut
Feast & Fettle, a premium, fully-prepared meal delivery service based out of Rhode Island, announced the closing of a $1.2 million Seed round led by Salem Capital Management.
Ice cream infused with vegetables, to-go premium cheese snacks, decadent chocolate mousse and flavored paneer make up the finalists announced in the Real California Milk Snackcelerator product innovation competition.
South African peer-to-peer solar leasing startup Sun Exchange marked its official expansion into sub-Saharan Africa with the first of three crowdsales for a multiphase, 1.9 megawatt (MW) solar-plus-storage project for Nhimbe Fresh.
Collaborative remote selling platform Demoflow announced its Seed Capital raise of $1.6 million led by FirstMile Ventures with other major participants including Slack Fund, RTP Seed, Next Frontier Capital and Heroic Ventures.
Responding to the challenging scene of a myriad of health and safety protocols facing restaurants and other businesses, Chicago startup qReveal has launched a platform that builds easy to use QR code menus and price lists.
Swedish fintech startup Payer launches beta test program to revolutionize customer registration in B2B e-commerce
Financial Services startup Payer has developed a new registration product that revolutionizes how customer relationships are made between companies online.
US-based impact investor Gray Matters Capital announced its funding in Kenya's agritech startup Farmers Pride, a one stop e-commerce platform that connects village level farmers to quality inputs, services and information.
The Naked Market, San Francisco-based CPG brand, has closed $6 million seed funding round, with participation from several investors.
ORSNN, a fintech startup that builds end-to-end solutions for managing and trading loan portfolios, launched a private beta platform that provides financial institutions with a low-cost, transparent, and automated loan-trading system.
Retail-as-a-service company b8ta has announced that it has acquired Re:store, a one year old startup that brings retail-as-a-service to online fashion brands at Maiden Lane in San Francisco.
Financial technology startup Lightyear announced the launch of its software platform for businesses to buy and manage their telecom and IT infrastructure online.
ShopWorn, e-commerce destination for well-priced, guaranteed authentic luxury brands opened a Hong Kong satellite location to directly service APAC countries, with an initial focus on the Greater China area.
PVH Corp backed startup HATCH signs HAVAIANAS as first customer to license its Digital Showroom software
Innovative startup HATCH, backed by PVH Corp., owner of a portfolio of iconic brands including TOMMY HILFIGER and Calvin Klein, has signed the globally renowned flip flop brand HAVAIANAS as its first customer to license its Digital Showroom software.
Ware, a technology startup deploying autonomous drones for warehouse inventory counting closed $2.5 million in seed-round funding, led by UP Partners.
Washington-based startup Fabric launches headless commerce platform with $9.5m seed funding to grow D2C, B2B brands
Fabric, headless commerce platform purpose-built for growth launched its cloud-native experience and commerce product suite and announced $9.5 million in seed funding led by Redpoint Ventures, with participation from Sierra Ventures and Expa.
Toyota AI Ventures, Toyota's early-stage venture capital fund, announced its investment in YPC Technologies, a robotic kitchen startup based in Montreal, Canada.
Tiliter, artificial intelligence (AI) provider whose technology uses computer vision to recognise products without barcodes compled a $7.5 million capital raise led by Investec Emerging Companies (IEC).
Stripe has entered into an agreement to acquire Paystack, a fintech startup based in Lagos, to make it easy for organizations of all sizes to collect payments from around the world, and help increase Africa’s online GDP.
Egyptian last-mile delivery startup dreevo launches operations with pre-seed funding from EF Logistics
Egyptian last-mile delivery focused startup dreevo raised a six figure US dollar in a bootstrap, pre-seed funding round from EF Logistics, a third party logistic services provider, to introduce agile and affordable technological solutions.
Austin-based hardware startup Xebec announced it has reached a milestone of $2.2 million in sales in its first five months, selling out of 5,500 units of the flagship product, the Xebec Tri-Screen.
IRI, a global company in innovative solutions and services for consumer, CPG, retail and media companies, has acquired Retail Solutions, Inc. (RSi), a provider of supply chain solutions for CPG manufacturers and retailers.
Openbravo, the global cloud-based omnichannel platform vendor for agile and innovative commerce, has announced that it has been awarded a contract by Caroll International, the French fashion retailer.
Point Pickup Technologies, the company that has successfully reinvented the final-mile delivery model for many of the US's top e-Commerce enterprises, has raised $30 million from BBH Capital Partners.
Chargebee, the subscription billing and revenue operations platform powering thousands of fast-growth subscription businesses announced a $55 million Series F funding round led by Insight Partners.
Startup eyewear manufacturer Vontélle, LLC is launching a unique brand into the luxury eyewear space, offering awe-striking, ethnic patterns reflecting African, Caribbean, and Latin cultures.
French-based baby-food company Yooji has secured €7.5 million funding to make highly nutritional and sustainable baby food easily accessible to parents.
Scrum Ventures announced the launch of Food Tech Studio - Bites!, a global community of stage-agnostic startups who share a common vision of solving key challenges plaguing food supply chain.
Trym, a pioneering cannabis cultivation software company announced the completion of its $3.1 million seed funding round of financing to accelerate growth.
Robotics solution startup Exotec raises $90m for international expansion of its warehouse automation technology
Exotec, a robotics solution for logistics and creator of the Skypod 3D warehouse robots, announced a $90 million financing round.
WellsCare, a member company of the Born2Global Centre, signed a store contract with b8ta, a famous American flagship store that is dedicated to innovative products.
Harvard-incubated startup MarqVision launches AI-powered platform to protect brands from counterfeits
MarqVision, an AI-based SaaS company, launched its brand protection platform that helps brands effortlessly detect and remove counterfeits on online marketplaces.
Cellular agriculture startup Wildtype has unveiled its latest cell-based salmon. This version is "sushi-grade" and crafted with the sushi industry's favorite raw salmon applications in mind.
BGF, UK and Ireland’s most active investor, has invested £2.6 million in Edinburgh based MRM Global, a high growth, industry-leading provider of marketing technology to the global drinks and hospitality sector.
Nigerian e-commerce startup Kwik Delivery releases WooCommerce plugin, enabling 2-hour deliveries for online merchants
Nigerian e-commerce startup Kwik Delivery released a WooCommerce plugin, enabling thousands of Nigerian online merchants to integrate seamlessly its delivery service to their WordPress online stores.
Pharmapacks, a leading e-commerce enablement platform and retail seller for brands across major ecommerce marketplaces announced the closing of a $40 million bridge round financing.
Asian e-grocer in the United States, Weee!, has announced $35 million in Series C financing led by DST Global; bringing the total capital raised to over $100 million.
Silicon Valley headquartered global innovation platform Plug and Play has announced the selection of 102 new startups into its fall 2020 batches.
Chili Piper, the leader in Inbound Revenue Acceleration, announced it has raised $18 million in Series A funding led by Base10 Partners with participation from Gradient Ventures, Google's AI-focused venture fund, and Flashpoint Venture Capital.
Dutchie, the world's largest and fastest-growing e-commerce solution for cannabis dispensaries announced the completion of its $35 million Series B funding round, bringing Dutchie's total funding to $53 million to date.
Ukrainian startup Liki24 raises $5m from Horizon Capital, existing investors to fuel European expansion
Liki24, Ukraine-based e-commerce platform for medicine delivery, raised a $5 million round from Horizon Capital and existing investors, bringing total funding raised to date to $6 million.
Kenyan retail-tech startup MarketForce has been selected for the Silicon Valley based Y Combinator Summer 2020 batch.
French startup AB Tasty announced a Series C round of funding to revolutionize how companies deliver the best brand and product experiences.
Advertima, an emerging computer vision platform provider, announced the close of a €15 million Series A investment round led by existing shareholder Swiss real estate company, Fortimo Group.
GreenTec Capital Partners announced its investment in Pricepally, an innovative digital Nigerian wholesale platform allowing users to purchase food and other products either individually or as a part of a group.
Swedish startup Mycorena has raised over €1.2 million to fund the scale-up expansion of the product to reach the mass market, by financing the sustainable growth of the company initiating their first small-scale industrial production plant in Falkenberg.
Mesozi Group announces the close of USD 350,000 seed investment from a group of strong Kenyan angel investors through ViKtoria Business Angels Network(VBAN), alongside Growing Africa Capital and global VCs.
Milan-based virtual reality startup inversion has successfully closed its third oversubscribed fund raising for a total amount of €3 million euros.
iSeven Consultants is a Zimbabwe based startup offering retail management consulting services. It has carved a niche in solving clients’ challenges in operations, procurement and inventory management, human resources and public relations. Tawanda Chitewe explains.
We are living in unprecedented times. The widespread outbreak of coronavirus has created uncertainty across industries, fashion retail being particularly vulnerable with the closure of bricks and mortar stores.
Penny Whitelaw tells all about her startup Scircula. As one of the five winning startups, Scircula will speak on the main stage of Cross Media Congress 2020.
Buyology Co. LLC, is a Kenyan based startup that is assisting companies enhance customer experience through mystery shopping concept and training. It has over 3,500 mystery shoppers who visit clients’ businesses to audit service delivery and report back on their findings.