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[Column] Kevin Ng'ang'a: E-commerce can create a borderless and efficient market for Africa
One area that has the potential to create a borderless and efficient market as envisioned by AfCFTA is Africa’s e-commerce space which Statista estimated hit the $40 billion-mark last year.
RespirAI partners with Mayo Clinic to develop AI respiratory platform
RespirAI Medical has entered into a collaboration with Mayo Clinic for developing a wearable AI-based home monitoring platform for respiratory diseases.
E-commerce tech platform MarketLeap secures €2.6m to expand brands’ global reach and revenue
MarketLeap has secured €1.5m funding.
Vistry unveils conversational AI platform LumoChat for food commerce
Vistry has announced the launch of its Conversational AI platform, LumoChat.
Israeli precision irrigation management startup Treetoscope closes $7m seed round to fuel growth
Treetoscope has closed $7m seed round.
French SaaS firm scnd raises €4m to disrupt the sales of services
scnd, the trailblazing French SaaS solution, announced a €4m funding round backed by 42Cap and Partech.
Canadian e-Commerce inventory platform Centro launches with $2m pre-seed funding round
e-Commerce inventory platform Centro, announced a $2m in pre-seed funding.
Israeli AIOps startup Senser launches with $9.5m to disrupt legacy observability technology
Senser has emerged from stealth with $9.5m in seed funding.
IFC invests in e-Commerce platform ANKA to support Africa’s creative Artisans
IFC has invested $3.4m equity investment in African e-Commerce platform ANKA.
Genus AI secures over $6m seed extension round for Generative AI in e-Commerce
Genus AI, a generative AI platform, has secured over $6m in a seed round extension
Creative tech startup Artlist launches 100K Fund to support video creators
Artlist has launched a 100K Fund, a unique one-time grant offered to creators.
Nevia Bio completes $3m seed round to build a platform for early detection of women-related diseases
Nevia Bio has completed $3.1m seed round.
Mitsui Sumitomo Insurance Venture Capital joins Israeli startup nT-Tao's Series A funding round
Mitsui Sumitomo Insurance Venture Capital has joined nT-Tao's Series A funding round.
African fintech startup Lipa Later gets greenlight for public fundraising in US
Lipa Later Group is a global trailblazing innovator recognized as one of Africa's Fastest-Growing Fintech Companies by the Financial Times that continues to reshape the finance, payments, and e-commerce landscape in Africa.
Liviri launches independent e-Grocer grant program
Liviri is launching its first-ever e-Grocer grant program – an initiative that will award resources to an independent grocer.
BBT.live extends seed funding to $8.4m for secured connectivity as a service
BBT.live has extended its seed funding round to $8.4 million.
Fintech startup Okoora fuels Paysend's Israeli market entry
Okoora, the Swiss-Israeli fintech startup has partnered with Paysend.
SynBio startup Enzymit announces breakthrough in cell-free hyaluronic acid production
Enzymit announced its success in synthetically producing hyaluronic acid (HA).
Israeli social commerce startup Terrific completes its seed round of financing
Israeli social commerce startup Terrific has completed its seed round of financing.
TLV Partners achieves $1b, launches $250m early-stage Israeli startups Fund V
TLV Partners announced $1 billion in assets under management (AUM).
Startupbootcamp AfriTech opens cohort 4 of its ASIP accelerator program
Startupbootcamp AfriTech has opened applications its ASIP accelerator program.
Kenyan agritech startup Kyosk acquires KwikBasket, expands into fresh produce market
Kenyan agritech startup Kyosk, is expanding into the African fresh produce market.
[Column] Paul Selibas: Embedded finance in the age of e-Commerce
The African online e-Commerce market has grown rapidly in recent years.
Kenyan e-Health startup MYDAWA raises $20m funding from Alta Semper Capital
MYDAWA has received $20m capital injection from private equity investor.
Kenyan fashion e-Commerce startup ShopZetu raises pre-seed funding to fuel growth of its marketplace
Kenyan fashion e-Commerce startup ShopZetu has raised $1m pre-seed funding.
[Interview] Caroline Mutuku, General Manager, Glovo, Kenya
Caroline Mutuku is Kenya's General Manager of multi-category app Glovo.
Genetica raises $500k seed round to make cannabis shopping smarter with AI
Genetica, an AI cannabis retail platform, announced the close of its seed round.
Austrian SaaS startup Shopstory scores million-dollar investment to accelerate growth
Austrian SaaS startup Shopstory has scored another million-dollar investment.
Israeli fintech startup Firmbase emerges from stealth with $12m funding
Firmbase, an Israeli finance tech startup has emerged from stealth with $12m funding.
Start-Up Nation Central collaborates with Microsoft to promote Israeli agri-food tech startups
Start-Up Nation Central has collaborated with Microsoft to promote Israeli agri-food tech startups in the international marketplace.
The Futurelist launches to connect Africa's tech startups to global investors
African Leadership International (ALI), has obtained the rights to the 'Global Finder' platform for tech startups from Israel-based Start-Up Nation Central (SNC).
Arieli Capital, Slovenia government launch second cohort of Slovenia-Israel Accelerator program
Arieli Capital and the Slovenia government have joined forces to launch the second cohort of the Slovenia-Israel Accelerator program.
Kenya's B2B e-Commerce startup Wasoko expands to Zambia
Wasoko has revealed plans to invest over $1 million in Zambia. The B2B retail and e-Commerce made this announcement while announcing its official entry into the Southern African country.
Catalyst Funds closes its fourth Fund to support next-gen entrepreneurs and innovators in Israel
Catalyst Funds announced the closing of its fourth Fund – Catalyst IV, that will manage assets of $150 million. The new fund will invest in growth companies in various sectors.
Milan-based fintech startup Viceversa closes €10m Series A funding round to accelerate growth
Viceversa, the Milan-based fintech startup that introduced revenue-based financing to Italy to support the growth of digital companies, announced the closing of €10 million Series A financing round.
Mitsubishi Electric’s Innovation Fund invests in Israeli cybersecurity startup SCADAfence
SCADAfence provides visibility to networks that support industrial systems and critical infrastructure, in an age where various types of malware, are threatening industrial systems and critical infrastructure, frequently shutting down their control systems and causing serious incidents.
Forces shaping the retail landscape in 2023, ESW
Brands and merchants are constantly adapting to the ever-changing forces that shape the retail landscape
3 key trends in retail and brand innovation, Plug and Play
Brands and the retail industry are undergoing a rapid transformation. As technology and customer expectations continue to evolve, businesses must innovate to stay competitive and provide a better consumer and user experience.
Israeli AION Labs launches AI startup for De Novo antibody design
AION Labs announced the formation of DenovAI, the lab's second startup approved by the Israel Innovation Authority.
[Column] David Meintjes: Unified communication and collaboration trends for 2023
As businesses continue evolving to meet changing customer behaviour, the uptake and investment in cloud unified communications platforms and tools will continue to soar.
Videocites partners with NBA to provide greater insights into league’s social media exposure with initial closing of Series B funding
Videocites, creator of the next-generation analytics solution that reveals the true social footprint created by fans and partners on social media, announced the initial closing of a Series B round.
Vue.ai announces new AI powered models to generate inclusive ad creatives through Meta's Creative Shop
Vue.ai, the retail vertical of AI startup Mad Street Den, announced its partnership with Meta to generate automated and inclusive ad creatives using AI-powered models for brands using Meta's creative services.
Indian SaaS startup Mintoak raises $20m Series A funding round to grow its product portfolio
Mintoak, an India-based software-as-a-service (SaaS) platform focused on merchant services, has raised $20 million in Series A funding round led by PayPal Ventures.
Tech startup Uspace fills the gap in web marketing missing from main street small business
Recent advertising by e-Commerce giants Go Daddy, Shopify, Wix and others would have the public believe that anybody can build and launch a moneymaking website with little time and effort.
Israeli foodtech startup Meala secures $1.9m pre-seed round to improve plant-based foods
Startup Meala FoodTech, the developer of a functional protein platform, announced the close of $1.9 million in pre-seed investment. The round was led by The Kitchen FoodTech Hub.
South African grocery delivery startup Yebo Fresh raises 4.5m pre-Series A funding to fuel expansion
Yebo Fresh, a South African grocery delivery startup has raised $4.5m in a pre-series A equity funding round.
Bangladeshi B2B commerce platform ShopUp secures $30m debt financing to fuel expansion, strengthen supply chain operations
ShopUp, a full-stack B2B commerce platform in Bangladesh, announced it has secured $30 million in debt financing, to drive expansion efforts and strengthen the company's supply chain operations.
[Startup Interview] Don Okoth, General Manager, Sendy, Kenya
Don Okoth is General Manager for Kenyan Fulfillment and Logistics startup Sendy. In this interview, he talks about the current state of logistics in Kenya and beyond, including Sendy's role in shaping the industry.
Belgian SMEs management software Odoo opens local office in Australia
Belgian company Odoo, an all-in-one integrated business solution for Small and medium-sized enterprises (SMEs), announced it is setting up shop in Australia.
Israeli startup aiOla raises $25m to interface natural language to AI solutions in traditional manufacturing
Israeli startup aiOla announced it has secured $25 million in funding led by New Era with the participation of Hamilton Lane and other investors.
Food Foundry accelerator announces fifth cohort of early-stage foodservice startups
Food Foundry, an accelerator program built by Relish Works and Gordon Food Service for early-stage startups disrupting the food and foodservice industry, announced the five startups that will join the fifth cohort starting in January 2023.
Opsys Tech closes Series C financing round to accelerate production ramp of its automotive-grade true solid-state LiDAR sensors
Opsys Tech, the developer of patented True Solid-State Scanning LiDAR technology, announced the final closing of its Series C financing round.
Ran Ziv joins Israeli proptech startup BeamUP as CTO
BeamUP, the pioneer in enterprise data management for building system design and operations, announced it has hired Ran Ziv as CTO.
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.
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.
Senegalese startup Kwely launches made in Africa online store
Kwely, a Senegalese-based startup has launched a B2B e-marketplace to provide African producers and manufacturers with a global window to sell their products at scale.
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.
[Nebulab Case] How this e-Commerce tech studio went global to fight talent shortage and improve diversity
Hiring talent has become one of the top challenges for technology companies. The global talent shortage and emerging trends have made finding and retaining skilled professionals more difficult.
Netail closes $5m seed funding to advance retail-focused AI development
Netail, a technology that enables retailers to auto-identify competitors across the internet and track their assortments, availability and optimize prices in real time, announced the closing of $5 million in seed funding.
Israeli foodtech startup ChickP raises dairy-free ice cream to new heights
ChickP Protein, a food-tech startup, has introduced chickpea protein isolate for plant-based ice cream. Protein from this ancient crop zeroes in on the non-dairy category to make a tasty plant-based frozen dessert.
Berlin-based AI-powered startup Faircado raises €500K to transform E-commerce into Re-commerce
Faircado, a Berlin-based startup that provides the first AI-powered second-hand shopping assistance, announced it has raised €500,000 in a pre-seed round led by BackBone Ventures.
Check Point Software launches accelerator hub for Israeli cybersecurity startups
Check Point Software Technologies, the provider of cybersecurity solutions globally, has launched its CyberUp program, an initiative that will support Israel’s growing network of cybersecurity startups.
Kenyan supply chain and logistics startup Leta secures $3m pre-seed funding to accelerate growth
Leta, the supply chain and logistics startup driving distribution optimization, announced the close of $3 million Pre-Seed equity round.
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.
Demand for seamless, convenient way of shopping increase growth of e-Commerce in Africa
The electronic commerce (e-Commerce) transaction of goods and services between business-to-consumer (B2C), business-to-business (B2B), consumer-to-consumer, and consumer-to-business, has become rampant in this digital age.
Ultra-convenient healthy meals startup Proper Good closes seed funding to bring absurdly delicious products
PROPER GOOD, an ultra-convenient home-delivered food service company that offers nutritious prepared meals made with simple and high quality ingredients, announced the closing of $3.5 million in seed funding.
Israeli DevOps startup Port raises $7m to build an internal developer portal that fits any engineering organization
Israeli DevOps startup Port announced it had raised $7 million in seed funding for its comprehensive builder-based internal developer portal. The seed round was led by TLV Partners.
Startup Wise Guys selects the second batch of participants for Africa-dedicated fund
Startup Wise Guys (SWG), Europe’s startup accelerator and one of its most active investment funds, has selected the second batch of participants for its €7.5 million fund for African startup investment.
Israeli cybersecurity startup Wib raises $16m investment to accelerate growth, tackle rising API security problem
Wib, the cybersecurity startup pioneering a new era in API security, announced a $16 million investment led by Koch Disruptive Technologies (KDT).
Vue Storefront wins best e-Commerce and retail startup at The Europas Tech Startup Awards 2022
Vue Storefront, a technology company that develops software for businesses to create fast, modern and high-performing online storefronts, was crowned a winner at The Europas Tech Startup Awards 2022.
UK-based hospitality tech startup Journey completes £5m growth capital raise
Journey Hospitality has secured £5 million growth capital investment. The funds, from private equity firm Averroes Capital, will enable Journey to deliver its vision to revolutionise e-Commerce for the hospitality industry.
Vienna-based startup Orderlion raises $4m funding to scale the global B2B food supply chain
Vienna-based startup Orderlion announced the successful closing of $4 million in preSeries A funding, including a mix of equity and debt financing, bringing the total amount of investments raised to $7.5 million since the company’s inception.
GS1 Hong Kong unlocks the next generation of trade finance service for SMEs in China
GS1 Hong Kong (GS1 HK) announced it has welcomed the launch of Commercial Data Interchange (CDI) by the Hong Kong Monetary Authority (HKMA).
Israeli QuantHealth startup raises $2.6m seed round to provide comprehensive clinical trial simulation solution
QuantHealth, an AI-powered clinical trial design startup, announced its emergence from stealth, along with a $2.6 million seed financing round led by Shoni Top.
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.
Fintech startup Banyan raises $43m Series A to scale world's largest SKU data network
Banyan, the network for SKU data, announced it has raised $43 million Series A round led by Fin Capital and M13. The investment will accelerate Banyan's technology and infrastructure growth.
Logistics Startup Nuvocargo appoints Nicholas Simmons as Head of Engineering to accelerate company's growth
Nuvocargo has appointed former Shopify executive Nicholas Simmons as Head of Engineering to continue to develop the Nuvocargo platform and expand the company’s world-class engineering team.
Climate infrastructure startup EcoCart raises $14.5m Series A to accelerate sustainable e-Commerce
EcoCart, a software company building the infrastructure for e-Commerce companies to operate sustainably at scale, has raised a $14.5 million Series A round.
German startup 35up secures €5 million to cross selling platform for SMEs
A German startup providing cross selling platform has received five million euros financing from VC firm Capnamic and other existing investors.
New Utah startup Oops offers doorstep return pickups for in-store and online purchases
An early-stage startup born in the heart of Utah's Silicon Slopes, Oops is offering doorstep return pickups for in-store and online purchases across the Wasatch Range.
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.
West african fintech startup Julaya raises $5m extension round to expand its operations
Julaya, a fintech stratup based in Côte d’Ivoire, Senegal and France, announced it has raised $5 million extension round led by European venture capital fund Speedinvest to expand its operations in West Africa.
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.
Irish e-Commerce growth unicorn Wayflyer secures $253m debt financing from Credit Suisse
Wayflyer, the revenue-based financing and growth platform for e-Commerce businesses, has secured $253 milion debt financing facility from Credit Suisse.
[Startup Interview] Tesh Mbaabu, CEO, MarketForce, Kenya
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 SaaS startup Shopstory raises €2.2m in second round funding to back e-Commerce brands
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.
Kenyan B2B e-Commerce startup Wasoko opens innovation hub in Zanzibar
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.
UPTIMA secures investment from Salesforce and Docusign Ventures to fuel growth and expansion
Uptima, a global consulting and system integration firm, announced it has received funding from Salesforce Ventures and Docusign Ventures, to continue to enhance its IP-based accelerator, Everything-to-Revenue™.
FMO partners with SBC AfriTech to support next generation of early-stage African tech startups
FMO has partnered with a pan-African tech accelerator, Startupbootcamp (SBC) AfriTech, for the third installment of the Africa Startup Initiative Accelerator Program which is designed to scout skill and scale early-stage tech startups in Africa.
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.
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.
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.
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.
Kenyan mobile commerce startup Copia unveils manufacturing unit for sugar and rice production
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.
Israeli cybersecurity startup Canonic Security launches AppTotal API to streamline app-vetting for security teams
Canonic Security, a Tel Aviv-based cybersecurity startup providing a platform controlling third-party applications and integrations, announced the launch of the AppTotal API.
Venture capital firm JVP expands operations in New York, welcomes new partners and investors
Venture capital firm JVP announced it is expanding its activities in New York. Along with new investments in Fintech, Blockchain, Cyber, Climatech, Foodtech, and Digital Health, the fund has focused on growth.
Product search engine startup Vetted raises $15m to vet trustworthy product data for consumers
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.
Israel Natural Gas Lines invests in monitoring infrastructure startup Prisma Photonics
Israel Natural Gas Lines (INGL), announced a strategic investment in Prisma Photonics, a startup that develops advanced system for monitoring critical infrastructure in real time.
VMG Catalyst closes $400m Fund II to scale commerce venture capital space
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.
Israeli startup Frontegg raises $40m to solve user management for B2B SaaS
Frontegg, the user management platform for B2B apps, announced a $40 million in series B funding co-led by Stripes and global software investor Insight Partners.
Why you should implement cryptocurrency payments into your e-Commerce website, Remuno
Crypto is one of the biggest aspects of modern finance and technology. For businesses, this revenue stream could provide major boosts to sales numbers, with crypto payments giving customers more freedom while also bringing benefits.
Israeli tech startup AI21 Labs raises $64m to change the way people read and write using artificial intelligence
AI21 Labs, an Israeli startup aiming to fundamentally change the way people read and write, announced the completion of its $64 million series B funding round, bringing the company's valuation to $664 million.
Ukrainian and Dutch-based startup Cloudprinter.com raises €7m seed funding to grow its global print API platform
Cloudprinter.com, the Ukrainian and Dutch-based global print API platform raised €7 missed in a seed round led by Capital Mills.
Israeli biotech food colorant startup Phytolon closes $14.5m funding to accelerate growth
Phytolon, the developer of fermentation-based natural food colors, announced it has secured $14.5 million Series A funding, led by DSM Venturing, to further progress its technology towards commercialization.
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.
Bodybuilding.com partners with Retail Ecommerce Ventures to accelerate growth
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.
Israeli AI-powered sales solution Amy raises $6m seed round to boost business professionals' selling power
Amy, the pioneering AI-driven sales intelligence solution that automates pre-meeting prospect research and enables meaningful business connections, announced it has raised a $6m seed round.
Indian no-code mobile startup Plobal raises $8.5m to expand presence in North America
Plobal Apps, a no-code mobile app platform for e-commerce stores, raised $8.5 million, led by Elevation Capital and Bessemer Venture Partners.
Community-centered lifestyle startup Saysh closes $8m Series A round to scale growth
Saysh, the community-centered lifestyle brand co-founded by Olympian Allyson Felix and her brother and business partner Wes Felix, announced a Series A round closed at $8 million.
Israeli startup Canditech raises $9m seed round to create a world without resumes
Canditech, the Israeli startup helping companies accurately assess job candidates with the world's first online job-simulation platform, announced it has raised $9 million in seed funding led by global software investor Insight Partners and StageOne Ventures.
B2B e-Commerce and fintech startup Bazaar raises $70m to revamp the retail industry in Pakistan
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.
Utrecht-based same day and next day delivery startup Trunkrs raises €15 million in growth capital
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.
Text messaging startup Prokeep raises $9m to modernize distributor communications and commerce
Prokeep, the communications and commerce platform built exclusively for distributors, announced the closing of $9 million seed round.
Indonesian social commerce startup Super completes $70m oversubscribed Series C 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 brings Web3 P2P payment gateway to eligible Shopify merchants
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.
AAEC and WAEMU renew partnership with additional funding of 10 million CFA
The support will go towards improving the performance of the Africa e-Trade Hub platform to cater for the exchange of electronic certificates of origin as well as consolidating ongoing initiatives and further support Member States in the process of simplifying procedures and formalities.
e-Commerce logistics startup Kubbo begins international expansion, starts Italy operations
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.
Israeli agritech startup Seed-X partners with Advanta Seeds to improve seed lot quality
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.
Fintech startup BridgerPay raises $6m seed round for self-onboarding payment operations platform
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
Dough Ecommerce Capital and Byrne Capital Ventures announced a strategic partnership to invest in and acquire direct-to-consumer (DTC) ecommerce businesses.
Salaries for startup CEOs break records, Kruze Consulting
Kruze Consulting, a CPA and finance consulting company for VC-backed startups, released new data on the average salary for startup CEOs.
e-Commerce startup byrd raises $56m Series C to become Europe-wide standard for next-day delivery
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.
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.
Viva Technology, IFC announce 45 emerging African startups to compete for the 2022 AfricaTech Awards
Viva Technology and the International Finance Corporation (IFC), announced the top 45 startups that have been long-listed for the first edition of the AfricaTech Awards.
Glovo announces winners of its tech startup pitch competition in Kenya
On-demand delivery platform Glovo has announced the winners of its tech startup pitch competition in Kenya.
African B2B marketplace Kwely nabs $1m seed round to accelerate growth
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 e-Store startup Upty acquires Finnish peer Rekki, opens up seed round
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.
SAP.iO launches Resilient Supply Chain startup program in collaboration with Accenture
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.
Kenyan mobile commerce startup Copia appoints former Amazon Executive to its Board
Copia Global, a Kenyan-based mobile commerce platform has announced the appointment of former Amazon executive Jason Murray to its Board.
Kenya-focused social e-Commerce startup Elloe raises over $1m in pre-seed round
Elloe, a US-based social e-Commerce startup focused on Kenya and emerging markets, announced the raise of an undisclosed amount in pre-Seed funding. Investors for the round were led by Philippines’ Mad Ventures, Inc.
Colombian-based consumer and fintech startup Leal secures $10m Series A round to scale growth
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.
Kenyan social commerce startup Tushop raises $3m pre-seed funding to accelerate growth
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.
AI-powered video commerce startup Vyrill raises $3m seed round to accelerate growth
VYRILL, a startup that enables video commerce with new, innovative 'in-video' search technology, announced the closing of a $3 million seed round of funding led by Noemis Ventures and Lightship Capital.
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.
Israeli tech startup Run:ai completes proof of concept with NVIDIA
Run:ai, the company simplifying AI infrastructure orchestration and management, announced details of a completed proof of concept (POC) which enables multi-cloud GPU flexibility for companies using NVIDIA GPUs in the cloud.
Lipa Later selects Hotpoint as new retail partner
Lipa Later, a payment option that allows customers to purchase commodities through affordable monthly instalments has on-boarded Hotpoint as a new retail partner. Hotpoint appliances is Kenya’s premier supplier of Home Appliances and Electronics.
Kenyan e-Commerce startup Sokowatch raises $125m, rebrands to Wasoko
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.
Israeli network security startup OneLayer steps out of stealth with $8.2m seed round to protect private 5G networks
OneLayer, a pioneer in securing private LTE/5G networks for enterprises, announced its launch out of stealth along with an $8.2 million seed funding round led by Grove Ventures and Viola Ventures.
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.
Colombian startup Yuno raises $10m seed round to solve online payments in Latin America
Yuno, a Colombia-based startup has raised a $10 million seed round to bring to Latin American companies an easy online checkout solution that solves the pain point of managing multiple payment methods.
Canadian tech startup Calico secures $2.1m to revolutionize modern supply chains
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.
On-demand delivery platform Glovo launches pitch competition for early-stage tech startups in Kenya
On-demand delivery platform Glovo has launched a pitch competition targeting early-stage tech startups in Kenya that are delivering value to SMEs.
e-Commerce startup The Host Co. raises $1.85m to revolutionize short-term rental industry
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.
Israeli logistics startup PrettyDamnQuick raises $6m seed round to expand growth in the U.S.
Israeli e-Commerce startup PrettyDamnQuick, the provider of checkout-to-delivery management platforms for e-Commerce businesses, announced the closing of $6 million seed investment round.
Retailtech startup Cortina raises $6m seed round to accelerate growth
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 starts commercial operations in Nairobi
Kenyan foodtech startup Kune has officially launched commercial operations with four meal hubs located in strategic locations in Nairobi.
Israeli's Astrix Security emerges from stealth with $15m seed round to secure enterprises' expanding web of third-party apps
Astrix Security, the first app-integration access management solution, launched from stealth to modernize how enterprises monitor and control their ever-expanding web of interconnected third-party applications.
Cross-border fintech startup Dowsure raises $20m to fuel growth of e-Commerce sellers in China
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 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.
[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.
German startup Cansativa closes $15m Series B to become the ‘Amazon’ of cannabis for Europe
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 startup raises $30m Series B to reimagine in-store experiences for brick and mortars
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.
MENA's c-Commerce startup Zbooni launches in Egypt
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.
[African Startup Review] Pie Kamau: Capital funding for tech startups gain momentum in 2022
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.
Vietnam-focused retail investing app Infina closes $6m seed funding to accelerate growth
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.
Agribusiness e-Commerce startup Agrizon receives investment to expand operations in Latin America
Agrizon, a specialized cross-border e-Commerce company that connects and delivers worldwide brands of ag inputs to farmers and businesses, has received investment from Latin Leap Venture Capital Studio to expand operations in Latin America.
SaaS management startup NachoNacho raises $3m to upend the SaaS industry
NachoNacho, a single destination for businesses to manage, discover, and buy SaaS products, and for SaaS vendors to acquire net new paying customers, announced the close of $3 million seed round.
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.
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.
South African delivery startup Orderin raises $4.7m pre-Series B funding for expansion
South African B2B delivery-as-a-service (DaaS) startup Orderin has raised $4.7 million pre-Series B funding to scale its infrastructure and improve its last-mile delivery service.
Grocery logistics startup EasyBins raises $2m late stage seed round for expansion
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.
U.S. and Israel-based insurtech startup Honeycomb raises $15.4m Series A round
Insurtech startup Honeycomb announced it has raised $15.4 million in a Series A funding round led by Ibex Investors.
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 mobile commerce startup Copia raises $50m to ramp up African expansion
Kenyan-based mobile commerce platform Copia Global raised $50 million in a Series C equity round led by Goodwell Investments.
DutchFounders launches €62m seed fund to back founders building the next wave of marketplaces in Europe
DutchFounders has reached the final close for its second fund, making more than €62m ($70m) available for early-stage marketplaces and so-called marketplace enablers.
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.
Israeli foodtech startup Plantish unveils whole-cut plant-based salmon fillets
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.
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.
Irish digital food-ordering startup Flipdish raises €87m funding to transform digital consumer experience in hospitality
Irish digital food-ordering platform Flipdish has become the State’s fifth official home-grown tech unicorn following a new €87 million investment led by global technology company Tencent and Tiger Global.
Ivorian e-Commerce startup Afrikrea raises $6.2m pre-Series A funding, rebrands to 'ANKA'
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'.
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.
Israeli AI-powered drug discovery startup Protai raises $8m seed round to provide proteomics-based platform
Protai, an AI-powered drug discovery startup announced its emergence from stealth, along with an $8 million seed financing round co-led by Grove Ventures and Pitango HealthTech.
Israeli VC fund Grove Ventures raises $185 million fund for early-stage startups
Groove Ventures, an early-stage venture capital firm headquartered in Tel-Aviv, has announced the closing of ‘Grove III’, a $185 million fund that will partner at an early-stage with exceptional Israeli entrepreneurs.
CellPoint Digital secures $25 million investment to boost entry into new markets
CellPoint Digital, a global provider of digital commerce and payment solutions, has announced an equity financing round of $25M provided by Toscafund and its private equity arm, Penta Capital, to build on a series of major successes in recent years.
Israeli venture capital firm StageOne Ventures raises $235 million, launches fourth fund
This new fund will continue investing in Israeli companies with a technological edge at the earliest stages, developing ground-breaking products for the enterprise market.
VentureIsrael Invests in NeuroBrave software startup
An Israeli deep tech fund VentureIsrael participated in the investment round alongside Labs/02 and Samurai Incubate. The investment will be used to accelerate R&D and go-to-market activities.
Intuit acquires Israel-based cybersecurity startup Imvision
Based in Israel, Imvision develops technology that enables enterprises to automatically discover, test and protect against attacks, by monitoring API traffic to identify threats and vulnerabilities. Terms of the transaction have not been disclosed.
Israeli foodtech startup Future Meat raises $347 million funding to bolster position in cultivated meat industry
Future Meat Technologies, an Israeli startup developing innovative technology to produce cultivated meat, has announced that it has raised $347 million in Series B round of financing.
Israel tech startups raised $25.4 billion in 2021, report
The unprecedented figure represents a 136% increase over last year, which concluded with a full-year total of $10.8 billion raised.
Israeli cybersecurity startup PlainID secures $75 million financing to accelerate product development
PlainID, a provider of cybersecurity, authorization, and identity access management (IAM) solutions, has raised $75 million in Series C funding.
Israel-based tech startup flexiWAN receives investment from VentureIsrael to power expansion
VentureIsrael, an Israeli deep tech fund, announced that it has participated in an investment round of flexiWAN. The investment will be used to accelerate rapid expansion of flexiWAN in the SD-WAN & SASE market.
Israeli agritech startup Greeneye Technology raises $22 million funding to grow its offerings
Greeneye has developed proprietary AI-enabled precision spraying technology that enables farmers to seamlessly transition from this hugely inefficient practice to precise application of herbicides and other chemicals.
Alibaba announces 50 small businesses receiving $10,000 grants to catalyze entrepreneur economy
Alibaba.com, one of the world’s largest B2B ecommerce marketplaces and a business unit of Alibaba Group has announced the 50 entrepreneurs each receiving $10,000 grants from the first-ever Alibaba.com Grants Program.
Israeli tech startup Reposify raises $8.5 million funding to expand R&D team
Reposify, an External Attack Surface Management (EASM) provider, had raised seed round funding of $8.5 million from two US-based VCs, Joule Ventures and First Rays Venture Partners, alongside several industry expert angels.
Cardiovascular startup Filterlex Medical selected to receive €7 million from the European Innovation Council
The EIC equity investment will be a part of Filterlex's next round of financing. This combined funding will go towards clinical program expansion, regulatory approvals, and commercialization of the CAPTIS® full-body embolic protection system to help transform left-heart procedures.
Israeli SaaS security startup Atmosec raises $6m seed round to secure SaaS ecosystems
Atmosec, the SaaS security venture, announced its official launch out of stealth as well as the completion of a $6 million seed funding round, led by Glilot Capital Partners and Battery Ventures.
Israeli influencer marketing startup Humanz raises $8m to accelerate growth
Humanz, an AI powered influencer marketing platform that connects influencers & content creators with brands, announced it has closed an $8 million seed round led by the Stardom Ventures fund.
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.
Egyptian fintech startup Sympl raises $6 million to accelerate growth of its merchant network
Sympl will use the proceeds to accelerate the growth of its merchant network to serve multiple product and service categories across online and in-store merchants as well as improving the product offering to better serve the platform customers.
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.
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.
[Startup Interview] Sophie Tarif, Nina van Boxtel, Founders, BOETIEK, Netherlands
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.
Israeli foodtech startup Imagindairy closes $13m seed round to advance animal-free dairy
Imagindairy, a foodtech company creating milk proteins identical to those from cows, announced completion of a $13 milion seed round, led by MoreVC, a leading seed stage investor in Israel managing $275 million across three funds.
Fintech startup Rapyd partners with shopping app nate to expand eCommerce reach globally
Rapyd seeks to serve customers with the best consumer experiences and is thrilled to partner with one of the faster growing consumer shopping apps to support its global expansion.
Retail media research startup Future Commerce announces launch of weekly podcast
Infinite Shelf recognizes that digital media and eCommerce tactics and strategies are no longer confined to traditional eCommerce channels and direct-to-consumer.
Israeli Medical device startup Filterlex closes $6m Series A1 investment to accelerate CAPTIS cardiovascular clinical program
Filterlex Medical, a cardiovascular medical device startup, announced it completed a $6 million series A1 investment round from private healthcare investors.
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.
Fort Ross Ventures announces first closing of $200m late-stage fund
Fort Ross Ventures, an international venture-capital firm focused on startups in the U.S. and Israel, announced the $100 million first closing of its late-stage fund.
Israeli logistics AI startup Amphorica partners with Swiss investor Falco Capital to accelerate growth
Falco Capital and Amphorica jointly announced the closing of a capital investment and cooperation agreement. As part of the agreement, Amphorica appoints Falco Capital partner Peter Salzer, as Director of the company's board.
Israeli data security startup Laminar emerges from Stealth with $32 million Series A funding
Laminar, a public cloud data protection provider, has emerged from stealth with a $32 million Series A investment, bringing the company’s total funding to $37 million.
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.
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.
Israeli startup EasySend raises $55.5m to help enterprises build, maintain digital customer journeys with its no-code platform
EasySend, a no-code digital customer journey platform announced a $50.5 million Series B funding round led by Oak HC/FT. Existing investors Vertex IL, Intel Capital, and Hanaco Venture also participated in the round.
Home fashion startup Modern Matter raises $1.2m seed round to accelerate growth of its e-Commerce platform
Modern Matter, a design company and manufacturer of decorative and architectural hardware, raised $1.2 million in seed capital. Modern Matter collaborates with leading designers to develop exclusive hardware designs for luxury homeowners.
Digital payments startup MFS Africa raises $100 million to expand across the continent
MFS Africa, Africa’s digital payments network, has raised $100 million through an equity and debt financing round.
VentureIsrael invests in Israeli startup Fincom.co, developer of the 'Phonetic Fingerprint' AML screening solution
Fincom.co develops and deploys Streamlined Data Search Solutions for instant and accurate AML/KYC, Data Mapping, Entity Resolution and Homeland Security applications.
Indian full-stack agritech startup DeHaat raises $115m Series D round
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.
Walden Catalyst Ventures closes $550 million fund to target deep tech investments
Investors in the fund include leading institutional LPs, as well as the CEOs of some of the world’s largest tech corporations.
Israeli medical device startup Innoventric wins Horizon Europe Grant, secures $14m Series A investment
Israeli medical device startup Innoventric, secured $14 million through its Series A financing, including the prestigious Horizon Europe Grant for the sum of €2.5 million.
Four Ghanaian startups join the Catalyst Fund Inclusive Digital Commerce accelerator
Four startups from Ghana have joined The Catalyst Fund Inclusive Digital Commerce Accelerator, a programme that supports innovators building digital commerce solutions.
Indian e-Commerce startup LoveLocal raises $18m Pre-Series B investment round to accelerate growth
LoveLocal, India's hyper-local e-Commerce platform empowering local retailers, has raised $18 million in a Pre-Series B investment round.
Israeli mobile app startup Bites raises $5m seed funding for next-gen employee-communications and training application
Bites, a game-changing player in the employee communications and training industry, announced the completion of its seed funding round, raising $5 million.
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.
Israeli bio-convergence startup X-trodes completes $4.5m seed round to improve quality of life, reduce hospital workload
X-trodes, a bio-convergence company that developed wearable technology for advanced electrophysiological measurement and analytics, has raised a $4.5 million seed round to improve the quality of life and reduce hospital workload
Berlin-based on-demand delivery startup Gorillas secures close to $1b Series C funding, the largest European round in its sector to date
Gorillas, the European market player in instant on-demand grocery delivery, has successfully raised close to $1 billion in Series C funding round, being the largest funding of a non-listed business Europe's grocery delivery sector has seen to date.
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.
Israeli startup RepAir Carbon closes $1.5m seed round to develop cell for modular Direct Air Capture
Israeli startup RepAir Carbon closed a $1.5m seed round to develop cell for modular Direct Air Capture inspired by fuel cell technology. The seed funding will allow the RepAir team to refine the company's existing prototype cell.
Start-Up Nation Central signs MoU with TiE to boost technological innovation of Israeli and Indian startups
Israeli not-for-profit Start-Up Nation Central signed a Memorandum of Understanding with TiE to achieve full implementation of sustainable Israeli and Indian technologies in the foodtech sector.
ShipHero opens accelerator program to support emerging e-Commerce startups
ShipHero, the shipping and logistics provider for over 5,000 e-commerce brands and 3PLs, announced a new accelerator program for e-Commerce startups looking to supercharge their businesses with best-in-class warehouse management software.
Unilever invites startups to partner through Positive Beauty Growth Platform
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.
Israeli startup Appwrite raises $10m to build open source alternative to Google's firebase
Appwrite, the open source Backend-as-a-Service (BaaS) platform for web, mobile and flutter developers, announced it has raised $10 million in a seed round led by Bessemer Venture Partners and Flybridge with participation of Ibex Investors and Seedcamp.
Delivery startup Glovo expands its African footprints
Leading multi-category delivery platform Glovo recently announced the expansion of its operations in Africa, to include Ghana and Tunisia, bringing its current operations to a total of seven countries on the continent.
Healthtech startup bttn. adds PlastCareUSA to burgeoning supplier ecosystem
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.
Workwear startup BRUNT raises $8.4m Series A funding to accelerate growth
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.
Foodtech startup GrubMarket acquires Bartolotta, further expands in Eastern US and Canada
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.
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.
[Startup Interview] Nicolas d'Audiffret, Co-Founder, Ankorstore
Ankorstore is an online B2B marketplace connecting brand and retailers, all around Europe.
Wine & spirits e-Commerce startup Speakeasy Co. raises $2m seed round to accelerate growth
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.
Kenyan retail tech startup MarketForce raises $100,000 funding from Harambeans Prosperity Fund
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.
Egyptian B2B e-commerce startup MaxAB acquires distribution platform WaystoCap
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.
Il Makiage acquires Israeli computer vision startup Voyage81
Il Makiage’s acquisition of Voyage81 will enable the company to use Voyage81’s patented hyperspectral imaging systems to further enhance the company’s machine learning capabilities.
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.
Tel Aviv-based innovation hub Drive TLV to expand in the U.S. and Europe
Drive TLV, a unique innovation hub connecting high-tech Israeli startups with major corporate partners around the world, plans to begin working with U.S. and European startup companies next year.
Ghanaian startup Plendify launches B2B e-Commerce marketplace
Ghanaian startup Plendify has launched a B2B e-Commerce marketplace to connect customers with small and large African wholesalers, manufacturers, exporters, and importers.
Tel Aviv and London-based AI construction tech startup Buildots raises $30m Series B funding as its technology reaches 12 countries
Buildots, the AI construction tech company announced a $30 million Series B round led by Lightspeed Ventures with the participation of Buildots’ previous investors; TLV Partners, Future Energy Ventures, Tidhar Construction Group and Maor Investments.
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.
Fintech startup Rapyd raises $300m Series E to further enhance its service offering
Rapyd, a global Fintech as a Service company, announced a $300 million Series E funding round led by Target Global.
Hospitality tech startup Bbot raises $15m Series A to expand platform capabilities, improve support for restaurants
Bbot, a hospitality tech startup dedicated to simplifying and improving the ordering and payments process for restaurants, announced $15 million in Series A funding led by CRV.
Egyptian social e-Commerce startup Taager raises $6.4m seed round
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.
Israeli Start-Up Nation Central appoints Avi Hasson as new CEO
Start-Up Nation Central, the independent not-for-profit organization connecting global corporations, investors, and governments to the Israeli tech innovation ecosystem, announced the appointment of Avi Hasson as its next Chief Executive Officer.
unybrands startup raises $300m in growth capital to acquire and scale e-Commerce businesses
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.
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.
Kenyan startup MarketForce raises $2m pre-Series A to scale B2B retail marketplace, RejaReja
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 announces partnership with Plug and Play Brand & Retail France
FDJ announced the beginning of a partnership with Plug and Play, world's open innovation platform.
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.
NYC creator economy startup Pietra raises $15m to champion creators, streamline entrepreneurship
Pietra, the new platform that gives Creators the tools to bring an idea for a product line or brand to life from start to finish, today announced it has raised $15 million in a Series A funding round.
Israeli foodtech startup Better Juice raises $8m in seed funding
Israeli foodtech startup Better Juice, the first company to reduce all sugars from natural juices, announced it has raised $8 million in seed-round investment.
Cannabis marketplace and purchasing platform MainStem named Microsoft Partner for Startups
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.
Israeli mobility investment startup Bringg completes $100m Series E investment round
Ituran Location and Control announced its successful early-stage mobility technology holding, Bringg, completed Series E investment round of $100 million. Following the round, Ituran's undiluted holdings are 17.2%.
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.
SaaS startup Synder raises $2m in late seed round to revolutionize accounting for e-Commerce
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.
Floral tech startup Something Borrowed Blooms raises $1.5m Series A funding to accelerate growth
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.
XLIO Ventures closes $53m funding facility
XLIO Ventures, with offices in London, Seattle, New York, Tel Aviv, and Sao Paulo announced the closing of $53 million funding facility to back an expanding roster of the Made-to-Order Startups it creates for its enterprise technology customers.
Rapyd launches venture arm to propel digital commerce and payment innovation globally
Rapyd, a global Fintech-as-a-Service company, announced today the launch of Rapyd Ventures, its new venture arm that will focus on investing in early and growth stage businesses that are delivering the next wave of financial services innovation.
Healthcare fintech startup Green Feather secures $1.5m in seed round
Green Feather, an Atlanta-based healthcare fintech company, announced a seed capital raise of $1.5 million. The capital will bolster customer acquisition and engineering resources for Feather Pay, Green Feather's next-generation patient payments platform.
Israeli healthcare startup Lydus Medical raises $2.7m in seed round funding
Lydus Medical, a portfolio company of Sanara Ventures, a JV of Teva and Philips and an anastomosis technology provider, announced $2.7 million in a Pre-A funding.
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.
Consumer warranty startup Upsie secures $18.2m Series A round to accelerate growth
Upsie, a consumer-centric platform for purchasing product warranties, announced it has raised a $18.2 million fundraising round led by True Ventures.
On-demand delivery management startup Cartwheel raises $1m seed round to accelerate growth
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,
Israeli AI-powered identity and security management startup Authomize secures $16m to accelerate growth
Authomize, the Identity and Security Management Platform (IDSM), announced the close of $16 million in Series A funding. Innovation Endeavors led the round with participation from return investors Blumberg Capital, Entree Capital and M12.
Foodtech startup GrubMarket acquires Vaccaro & Sons to expand to St. Louis, Missouri
San Francisco-based food technology startup GrubMarket announced it has completed the acquisition of Vaccaro & Sons in St. Louis, Missouri.
Mastercard invests in Rwandan femtech e-Commerce startup Kasha Global
Mastercard announced a new investment in Rwandan female-focused e-Commerce platform Kasha Global, to continue shared efforts to ensure women across emerging markets have essential access to health.
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.
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