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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 3777232 | Tags:





















Protos Labs raises SGD $3m seed round to revolutionize cyber risk management
Published: 24-10-2023 | 09:27:00 | By: Pie Kamau
Protos Labs announced a successful seed round funding of SGD $3m.


Fintech startup CrossFund raises additional $1.5m in funding at $47m valuation
Published: 09-10-2023 | 10:40:00 | By: Pie Kamau
Singapore-based fintech startup CrossFund, has raised its fourth funding round.


Aampe secures $7.5m to accelerate AI-driven customer engagement
Published: 09-10-2023 | 10:03:00 | By: Pie Kamau
Aampe the AI-native user engagement platform, announced a $7.5m pre-series A funding round.


Applied Ventures selects seven deeptech startups to transform disruptive possibilities into reality
Published: 02-10-2023 | 14:53:00 | By: Pie Kamau
Applied Ventures selected seven deeptech startups during its fourth cohort program.


Mythic Protocol raises $6.5m to build the world first collaborative entertainment
Published: 13-09-2023 | 15:30:00 | By: Pie Kamau
Mythic Protocol has closed an oversubscribed $6.5 million seed round.


Meet Kuushy: Sit your way to better health
Published: 28-08-2023 | 11:56:00 | By: Pie Kamau
Poor posture can lead to a whole range of problems – from neck and back pains to even heartburn and constipation.


BingX invests in AI and Web3 startup Moonbox to accelerate growth
Published: 22-08-2023 | 11:20:00 | By: Pie Kamau
BingX has invested in Moonbox, a pioneering AI and Web3 startup.


Binance Labs invests in decentralized Rollups-as–a-Service (RaaS) provider AltLayer
Published: 10-08-2023 | 16:48:00 | By: Pie Kamau
Binance Labs has announced a strategic investment in AltLayer.


Aethir closes $150m valuation, Pre-A funding round to scale decentralized cloud infrastructure
Published: 27-07-2023 | 12:45:00 | By: Pie Kamau
Singapore-based Aethir announced the completion of its Pre-A funding round.


Bain & Company to acquire APAC arm of global venture-building studio Rainmaking
Published: 07-07-2023 | 13:58:00 | By: Pie Kamau
Bain & Company to acquire Asia Pacific arm of global venture-building studio.


VentureBlick secures $2.6m for first two startups, unveils incubator model for medtech innovation
Published: 05-07-2023 | 16:02:00 | By: Pie Kamau
VentureBlick announced the successful closure of its first two deals.


NEU Battery Materials concludes $3.7m seed funding round
Published: 05-07-2023 | 15:24:00 | By: Pie Kamau
NEU Battery Materials, a Singapore-based lithium-ion battery recycling startup, has raised $3.7m seed funding round.


Singapore-based tech-enabled coffee chain Flash Coffee extends Series B round to $50m
Published: 17-05-2023 | 13:01:00 | By: Pie Kamau
Singapore-based tech-enabled coffee chain Flash Coffee has announced the successful completion of its Series B financing round led by White Star Capital, raising a total of $50 million following its latest closing.


The 7 most sustainable cities creating the future of work after COVID-19, Plug and Play
Published: 16-05-2023 | 12:59:00 | By: Pie Kamau
The World Health Organization recently announced that COVID-19 is no longer a global emergency. However, the impact of the pandemic has left a lasting mark on all industries.


Golden Gate Ventures doubles down on Locofy.ai investment to accelerate go-to-market for startups and enterprises
Published: 16-05-2023 | 11:23:00 | By: Pie Kamau
Golden Gate Ventures, a venture capital fund in Southeast Asia (SEA), has injected a second round of investment into Locofy.ai, a platform that converts graphic designs into working code with AI.


Deep-tech startup KrossLinker develops cost-effective aerogel insulation to accelerate energy efficiency adoption
Published: 02-02-2023 | 12:08:00 | By: Pie Kamau
KrossLinker, an energy-efficiency-focused deep-tech advanced material startup, is designing and developing the world's most insulating nanomaterial, aerogel, that is low-cost, environmentally friendly, and scalable.


YouBiz research reveals key trends and challenges facing Southeast Asian SMEs in 2023
Published: 19-01-2023 | 11:00:00 | By: Pie Kamau
YouBiz, the SME spend management platform by YouTrip, launched its first whitepaper studying emerging business spending trends and key business priorities for SME in 2023.


[Startup Interview] Neeraj Gupta, Founder, Salonist, Singapore
Published: 18-11-2022 | 09:31:13 | By: Bob Koigi
Neeraj Gupta the founder of Singapore-based startup Salonist explains the inspiration behind setting up the business.


Singapore-based VentureBlick launches global search for healthcare startups
Published: 15-11-2022 | 09:53:00 | By: Pie Kamau
VentureBlick, a fundraising platform matching healthcare startups with medical investors, has launched its worldwide search to identify promising healthcare startups for the medical community to evaluate, advise, and fund.


Hong Kong and Singapore lead green fintech development among the five economies in the APEC region, study
Published: 31-10-2022 | 10:42:00 | By: Pie Kamau
GoImpact, together with The CUHK Business School, released the findings from their working paper, Exploring the Green Fintech Ecosystem in Asia: Insights from Five Economies in APEC.


BRV China-backed HPC-AI Tech startup completes $6m seed and angel round financing
Published: 15-09-2022 | 11:02:00 | By: Pie Kamau
HPC-AI Tech, an artificial intelligence high-performance optimization startup announced the closing of $6 million seed and angel rounds, with BlueRun Ventures China (BRV China) acting as the lead investor for the angel round.


Singapore-based web3 cybersecurity startup Silence Laboratories raises $1.7m seed funding to acccelerate growth
Published: 06-09-2022 | 13:26:00 | By: Pie Kamau
Silence Laboratories, a web3 focused cybersecurity startup working on libraries for MPC and Proofs-based Decentralised Security-as-Service (DSaaS), has closed a $1.7 million round in a seed funding.


EMURGO Ventures invests in DoraHacks to scale Cardano's Web3 developer pool and dApp ecosystem
Published: 30-08-2022 | 12:56:00 | By: Pie Kamau
EMURGO Ventures, the venture arm of EMURGO, one of the founding entities of Cardano blockchain, announced an investment into DoraHacks, a Web3 hackathon organizer.


Golden Gate Ventures announces new hires to bolster startup golden triangle growth
Published: 01-08-2022 | 09:54:47 | By: Pie Kamau
Golden Gate Ventures, a venture capital fund in Southeast Asia (SEA) founded by Silicon Valley natives, announced the expansion of its Vietnam and Indonesia teams.


Singapore-based music startup SpiderVille raises $1m pre-seed funding to accelerate Web3 music adoption
Published: 26-07-2022 | 10:17:00 | By: Pie Kamau
SpiderVille, a Singapore-based Web3 music startup, announced it has raised a $1 million pre-seed round from Contents Technologies, Samsung Next, and other notable angel investors.


Deeptech startup NEU Battery Materials raises S$800,000 seed funding to produce clean and sustainable lithium batteries
Published: 27-06-2022 | 12:44:00 | By: Pie Kamau
Deeptech startup, NEU Battery Materials has raised a total of S$800,000 in seed funding from Momentum Venture Capital and Se-cure Waste Management.


Singapore crypto payments startup Request Finance raises $5.5m seed round to accelerate growth
Published: 09-06-2022 | 10:40:00 | By: Pie Kamau
Request Finance, the Web3 enterprise crypto payments startup, has closed a $5.5 million seed round with institutional backers including Animoca Brands, Europe's leading early-stage venture capital investor Balderton Capital, and XAnge.


Temasek launches investment platform GenZero to accelerate decarbonisation globally
Published: 06-06-2022 | 13:23:41 | By: Pie Kamau
Temasek announced the launch of GenZero, a wholly-owned investment platform company dedicated to accelerating decarbonisation globally.


Healthtech startup HealthBeats raises $3m seed funding to expand remote vitals monitoring in Australia and Singapore
Published: 09-05-2022 | 10:42:00 | By: Pie Kamau
HealthBeats, a Singapore-based healthtech startup with end-to-end remote vitals monitoring solution, announced the closing of $3 million Seed round led by healthcare investor Heritas Capital.


Golden Gate Ventures announces first Entrepreneur in Residence, deepens portfolio growth strategy for 1.5 - 2nd generation founders
Published: 04-05-2022 | 12:04:00 | By: Pie Kamau
Golden Gate Ventures, a venture capital fund in Southeast Asia founded by Silicon Valley natives, announced its first Entrepreneur in Residence, Tiago Costa Alves.


Singapore-based Treehouse Finance raises $18m seed funding to establish a standard for DeFi analytics
Published: 17-03-2022 | 11:15:00 | By: Pie Kamau
Treehouse, a Web3 company transforming on-chain data into meaningful metrics to help decentralized finance (DeFi) investors make informed financial decisions, announced an $18 million seed round raise.


iCapital expands strategic partnership with Bank of Singapore
Published: 01-03-2022 | 14:35:16 | By: Bob Koigi
With the deal, iCapital takes over the management and operation of the bank’s private market feeder funds while Bank of Singapore retains client servicing responsibilities.


Energy-efficient AI semiconductor startup EdgeCortix closes over $8m Series A funding
Published: 01-03-2022 | 11:58:00 | By: Pie Kamau
EdgeCortix the AI-focused fabless semiconductor company, announced the closing of over $8 million in series A funding.


Singapore-based game-fi blockchain startup Ethlas raises $2.7m seed funding round
Published: 24-02-2022 | 13:03:00 | By: Pie Kamau
Singapore-based game finance (game-fi) blockchain startup, Ethlas, announced it has secured $2.7 million in seed funding from investors such as Sequoia Capital India and Yield Guild Games Southeast Asia.


Singapore-based FTAG Ventures invests over S$10m in BeLive and other livestreaming companies
Published: 19-01-2022 | 12:03:00 | By: Pie Kamau
FTAG Ventures raised its total investments in Southeast Asia's livestreaming solutions leader BeLive Technology to S$9.3 million, which will aid BeLive in its global expansion.


Singapore-based healthtech startup Smarter Health raises $5.5 million SGD to expand to Southeast Asia
Published: 04-01-2022 | 10:25:00 | By: Bob Koigi
Smarter Health has announced that it has secured 5.15 million SGD in Series A funding led by East Ventures. The funds will be used primarily for product development and market expansion in Southeast Asia.


Binance Labs leads $1.5m seed round for BBS Network
Published: 08-12-2021 | 14:21:00 | By: Pie Kamau
Binance Labs, the venture capital and incubation arm of Binance, led the $1.5 million seed round for Bulletin Board System (BBS) Network, a decentralized Web3.0 public network of user-run online message boards.


Singapore-based POS startup Qashier adopts anti-money laundering technology
Published: 13-10-2021 | 14:03:31 | By: Bob Koigi
Founded by Christopher Choo and Frank Zhao in February 2019, Qashier’s advanced platform powers small and medium sized retail and F&B businesses by combining a smart POS system, integrated payment acceptance, and advanced software solutions which include table management, online ordering and customer loyalty.


Singapore gaming startup OP Games raises $8.6m to bridge game developers to Web 3.0
Published: 08-10-2021 | 13:16:00 | By: Pie Kamau
OP Games, a startup that enables game developers to monetize their work using Web 3.0, raised $8.6 million of seed funding.


Singapore cybersecurity startup BitTrap develops detection technology to address surge in cyberattacks
Published: 07-10-2021 | 13:52:00 | By: Pie Kamau
Singapore cybersecurity startup BitTrap announced a blockchain-based cybersecurity solution that leverages attackers' motivations to provide singular detection capabilities.


Parisian proptech startup WeMaintain raises €30million, eyes US market
Published: 18-08-2021 | 13:36:15 | By: Bob Koigi
WeMaintain’s latest million-dollar cash-backing supports the company’s ambition to manage critical building systems and power smart cities. New investors supplying the €30 million raise are: Red River West, BPI France Digital Ventures, and Swiss Immo Lab.


HUAWEI partners with Singapore-based healthtech startup Plano to tackle global problem of myopia
Published: 05-08-2021 | 12:30:00 | By: Pie Kamau
Huawei Technologies and Plano announced a partnership to address the global problem of myopia. Through this partnership, Huawei and Plano will provide Huawei users with easy-to-use, innovative, and science-based technological solutions.


B2B sales productivity startup Nektar.ai closes $8.1m to accelerate product development, launch in the US market
Published: 04-08-2021 | 11:11:00 | By: Pie Kamau
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.


SynFutures startup raises $14m Series A funding to democratize derivative markets
Published: 18-06-2021 | 12:42:00 | By: Pie Kamau
Decentralized derivatives exchange SynFutures, announced the close of a $14 million Series A round of financing led by Polychain Capital with participation from Framework, Pantera Capital, Bybit, Wintermute, CMS, Kronos, and IOSG Ventures.


Rapyd launches venture arm to propel digital commerce and payment innovation globally
Published: 03-06-2021 | 12:56:18 | By: Pie Kamau
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.


Fintech startup ROSHI to disrupt billion dollar home loan industry in Singapore
Published: 07-04-2021 | 16:40:00 | By: Pie Kamau
Touted as a disrupter in financial comparison, ROSHI plans to provide Singapore with a first to market home loan marketplace, which connects customers.


Thomson X inks partnership with Singapore healthtech startup Plano, set sights on managing Myopia in Asia
Published: 09-02-2021 | 07:53:00 | By: Pie Kamau
Thomson X (TX), announced a strategic partnership with Plano, a Singapore-based healthtech startup, to leverage on the respective strengths of TX and Plano, to address and manage the rapidly increasing incidence of myopia.


Autonomous sweeper from Berlin startup approved for public road use in Singapore
Published: 15-01-2021 | 11:50:00 | By: Pie Kamau
The autonomous compact sweeper "Donner", developed by a consortium led by ENWAY and Bucher Municipal, has passed the Land Transport Authority's approval test for autonomous vehicles for use on public roads.


Singapore-based blockchain startup AnRKey X lists native token $ANRX on Bithumb Global and Uniswap
Published: 18-12-2020 | 11:20:00 | By: Pie Kamau
Singapore-based blockchain startup, AnRKey X, announced that $ANRX will be listed on both Bithumb Global and Uniswap.


Biotech startup TurtleTree Labs raises $6.2m in Pre-A funding round
Published: 17-12-2020 | 15:26:00 | By: Pie Kamau
TurtleTree Labs, a biotech company pioneering the method to produce milk using cell-based technology, announced the close of an oversubscribed $6.2 million Pre-A funding round from new and existing global investors.


Singapore-based Plano wins world's most innovative healthtech startup
Published: 24-11-2020 | 12:45:00 | By: Pie Kamau
Up against 64 global healthtech startups, Plano has emerged as the winner of Galen Growth's World's Most Innovative Healthtech Startup 2020 Award.


ABBYY acquires Pericom Singapore to expand Asia Pacific footprint
Published: 09-10-2020 | 11:28:52 | By: Bob Koigi
ABBYY, a Digital Intelligence company, has announced it acquired Pericom Singapore, part of the Pericom Group, a solution provider based in Singapore.


Neuron Mobility secures $12 million funding to expand to Australia, UK and New Zealand
Published: 30-09-2020 | 15:49:00 | By: Bob Koigi
Singapore e-scooter startup Neuron Mobility has announced its latest round of funding of $12 million, led by top Australian venture capital firm, Square Peg, along with global venture capital firm GSR Ventures.


Alfa Bank, Plug and Play collaborate on innovation in Fintech
Published: 30-09-2020 | 14:39:00 | By: Pie Kamau
Along with 80 other financial institutions across the United States, Frankfurt, Amsterdam, Milan, Paris, Abu Dhabi, Shanghai, Singapore, and Tokyo, Alfa Bank will join Plug and Play's global ecosystem.


Klarna announces $650 million funding round to accelerate global growth
Published: 15-09-2020 | 12:22:00 | By: Bob Koigi
Klarna, the global payments and shopping service, has raised $650 million in an equity funding round, at a post money valuation of $10.65 billion.


UK startup Quantexa raises $64.7m to drive hyper-growth in big data and analytics ecosystem
Published: 31-07-2020 | 12:26:00 | By: Pie Kamau
Quantexa, the contextual decision intelligence software company, announced that it has raised $64.7 million in Series C funding led by Evolution Equity Partners, with major participation from existing investors.


French startup AB Tasty raises $40m to lead in experience optimization, feature management markets
Published: 31-07-2020 | 12:08:00 | By: Pie Kamau
French startup AB Tasty announced a Series C round of funding to revolutionize how companies deliver the best brand and product experiences.


Swiss cleantech stratup Insolight closes Series A financing with €4.6 million
Published: 30-07-2020 | 16:45:00 | By: Pie Kamau
Swiss cleantech stratup Insolight announced that a Series A Round of €4.6 million has successfully been closed led by Investiere, with co-investors Zürcher Kantonalbank, Swiss Immo Lab and a number of private business angels.


Italian startup TIM, United Ventures launch €150m capital fund to support investments in mature innovative enterprises
Published: 30-07-2020 | 16:22:00 | By: Pie Kamau
Italian startup TIM signed an agreement with United Ventures to launch UV T- Growth fund that will support investments in mature innovative enterprises and SMEs in order to develop technological projects in Italy and abroad.


Seattle based startup Polyarc raises $9 million for augmented reality development
Published: 29-07-2020 | 13:08:00 | By: Pie Kamau
Seattle based startup Polyarc announced the close of its $9 million Series B fund raise led by Hiro Capital, followed by Vulcan Capital, an existing investor, and Galaxy Interactive via its Galaxy EOS VC Fund.


EHF Marketing GmbH, Monaco startup IQONIQ partner to drive fan engagement in European club handball competitions
Published: 29-07-2020 | 12:45:00 | By: Pie Kamau
EHF Marketing GmbH, the marketing subsidiary of the European Handball Federation, announced its partnership with IQONIQ, an innovative new fan engagement platform made for sports and entertainment.


Monaco headquartered startup IQONIQ secures €100m for global expansion
Published: 29-07-2020 | 12:21:00 | By: Pie Kamau
IQONIQ, a new fan engagement platform exclusively targeting the world of sports and entertainment, announced it has entered into a €100 million capital funding agreement with the Luxembourg based investment corporation Lux Media Investments.


Swiss startup Advertima raises €15m Series A funding to make smart retail spaces a reality
Published: 29-07-2020 | 11:53:00 | By: Pie Kamau
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.


Kenyan agritech startup Lentera, MCFI ink deal to provide satellite based crop analysis for Mauritian farmers
Published: 29-07-2020 | 11:15:00 | By: Pie Kamau
The Mauritius Chemical and Fertilizer Industry (MCFI), and Lentera Africa have signed a partnership that will see Lentera provide satellite-based crop health analysis and crop modelling services for Mauritian customers of MCFI.


SAP.iO Fund invests in San Francisco based reference checking startup Crosschq
Published: 28-07-2020 | 14:08:25 | By: Pie Kamau
SAP SE investment arm, SAP.iO Fund, has backed Crosschq, a San Francisco based company that provides a platform for creating and sharing candidate references.


Evonik invests in Chinese tech startup to support intelligent, healthier pig farming
Published: 28-07-2020 | 13:47:00 | By: Pie Kamau
Evonik’s venture capital arm has invested in SmartAHC, a Chinese technology startup that enables more intelligent and healthier pig farming.


African AI startup Superfluid Labs receives investment from ShEquity
Published: 28-07-2020 | 13:17:00 | By: Pie Kamau
GreenTec Capital announces that Superfluid Labs was selected as the first investment for the newly launched ShEquity investment vehicle which focuses on providing smart and sustainable investments for African female entrepreneurs.


Xavier Chapel joins GreenTec as Head of Venture Building
Published: 28-07-2020 | 12:54:00 | By: Pie Kamau
GreenTec Capital announces that Xavier Chapel has joined the team in the role of Head of Venture Building, to leverage his extensive international and entrepreneurial experience in selecting startups that best fit GreenTec investment criteria.


French startup iObeya raises $17m to revolutionize visual management, expand its U.S. footprint
Published: 24-07-2020 | 16:06:00 | By: Pie Kamau
iObeya, a leading provider of Enterprise Visual Management software, announced it has raised $17 million in a second round of funding from Red River West with participation from Atlantic Bridge Capital and Fortino Capital Partners.


London based health tech startup Closed Loop Medicine secures £250,000 Innovate UK continuity funding
Published: 24-07-2020 | 15:46:00 | By: Pie Kamau
Closed Loop Medicine (CLM), London based therapeutics and health tech company has secured a £250,000 COVID-19 Innovate UK Continuity Funding award to support its ongoing clinical research programme.


Go Ignite partners seek 5G use cases in global call for startups
Published: 24-07-2020 | 12:39:00 | By: Pie Kamau
Following the success of its previous global calls for startups, Go Ignite, an alliance of four leading global telcos, has launched Go Ignite: 5G Open Call for Startups to engage startups or venture capital-backed companies.


Spanish medtech startup QUIBIM closes €8 million investment round
Published: 22-07-2020 | 14:43:00 | By: Pie Kamau
Spanish Medtech startup QUIBIM has closed €8 million new financing in a seed funding round co-led by Amadeus Capital Partners and Adara Ventures.


Moroccan learning startup KoolSkools raises $417,000 for local, international expansion
Published: 22-07-2020 | 13:59:00 | By: Pie Kamau
Moroccan learning platform KoolSkools has raised $417,000 from Maroc Numeric Fund II an unnamed business angel.The investment will be used to finance the development of KoolSkools both in Morocco and internationally.


Moroccan fintech startup OnePay announces $417,000 investment from Maroc Numeric Fund II
Published: 22-07-2020 | 13:13:00 | By: Pie Kamau
OnePay, a Moroccan fintech startup that operates as a distributor of means of payment and aggregator of payment and value-added services in electronic transactions announced a $417,000 investment from Maroc Numeric Fund II.


[Startup Interview] Vimbai Malandu, Co-Founder, YuPlan Limited, Zimbabwe
Published: 21-07-2020 | 18:20:00 | By: Bob Koigi
YuPlan Limited is a Zimbabwe digital startup that allows customers to book a venue from anywhere in the world. The platform holds a selection of venues from office spaces, residential plots, gardens, school halls and sports fields among others.


Cornish startup Codices raises $800,000 seed round
Published: 21-07-2020 | 16:25:00 | By: Pie Kamau
Codices Interactive, a Cornish startup from the Falmouth Launchpad Incubator has closed its $800,000 seed round of funding led by the Cornwall and Isles of Scilly Investment Fund (CIOSIF) and Haatch Ventures.


Futuregrowth invests in South African online services disruptor startup SweepSouth
Published: 21-07-2020 | 15:51:00 | By: Pie Kamau
Futuregrowth has invested in SweepSouth, a disruptive online platform for booking, managing and paying for home cleaning, and now a variety of other services.


Kenyan startup PayGo Energy announces strategic investment from Saisan
Published: 21-07-2020 | 15:25:00 | By: Pie Kamau
PayGo Energy, an Energy Access Ventures portfolio company, has secured a strategic investment from Saisan, a leading Japanese energy company.


Dutch fintech startup BUX launches zero-commission investing app to French users
Published: 20-07-2020 | 16:48:00 | By: Pie Kamau
Dutch fintech startup BUX has launched its zero-commission investing app to French users, making it the first neobroker of its kind in the market.


Belfast health tech firm Neurovalens picked for UK startup scheme
Published: 20-07-2020 | 16:36:00 | By: Pie Kamau
Neurovalens, the Belfast tech company behind a headset developed to treat neurological health issues has been chosen for a major UK-wide programme.


Dutch startup Cevinio raises €4.5m to accelerate international growth
Published: 20-07-2020 | 16:18:00 | By: Pie Kamau
Cevinio, a fast-growing Accounts Payable software company from Rotterdam has raised €4.5 million from Endeit Capital and CNBB Venture Partners.


Dutch online startup, scale-up community funds international research into COVID-19
Published: 20-07-2020 | 15:56:00 | By: Pie Kamau
Eighteen entrepreneurs from the Dutch online startup and scale-up community are joining forces to finance an international study by Erasmus MC into the clinical picture of COVID-19.


South African animation and gaming startup Sea Monster secures $1m funding
Published: 17-07-2020 | 15:22:00 | By: Pie Kamau
Animation, gaming and AR/VR company Sea Monster announced the conclusion of a $1m investment from FirstRand’s Vumela Fund.


Pan-European micro-mobility startup Voi achieves profitability in June, secures $30m funding
Published: 16-07-2020 | 13:17:00 | By: Pie Kamau
Voi Technology, the pan-European micro-mobility leader announced it has reached its first-ever monthly profit at group level for the month of June, less than two years since it launched the e-scooter service which now operates across 40 cities.


French startup Ponicode raises €3m to develop Artificial Intelligence for improved code quality
Published: 16-07-2020 | 12:58:00 | By: Pie Kamau
Ponicode, a French start-up specialising in Artificial Intelligence and data sciences has announced a €3 million fundraising led by founder-friendly European VC, Breega, alongside Kima and Plug & Play Ventures.


London based startup TOffeeAM raises £1m in Seed funding to expand its innovative team
Published: 16-07-2020 | 12:36:00 | By: Pie Kamau
TOffeeAM, an Imperial College spin-out that optimizes product designs for Additive Manufacturing (AM), also known as 3D printing, has raised £1 million in seed funding.


[Startup Interview] Sanyogita Patil, CEO, Ahlan Emirate, United Arab Emirates
Published: 16-07-2020 | 09:46:25 | By: Bob Koigi
As small businesses struggle with visibility and constrained marketing budgets, Ahlan Emirate, a startup based in United Arab Emirates has introduced a unique marketing offering that includes free SEO, increased web presence and connecting these businesses to prospective customers through its digital directory.


CDC backs Helios Investment with $100m commitment
Published: 15-07-2020 | 14:40:00 | By: Pie Kamau
CDC Group, UK’s development finance institution and leading impact investor, has committed $100 million to Helios Investors IV, the fourth private equity fund raised by Helios Investment Partners, a leading Africa-focused private equity firm.


IFC helps boost clean tech startups in Egypt, enables farmers switch to solar
Published: 15-07-2020 | 12:41:00 | By: Pie Kamau
IFC is joining forces with the National Bank of Egypt and MSMEDA to strengthen the clean technology entrepreneurship sector and boost Egyptian farmers’ access to finance for solar irrigation.


[Startup Interview] Anton Herbst, CEO, Vincula Holdings, South Africa
Published: 14-07-2020 | 17:00:00 | By: Bob Koigi
Vincula Holdings, domiciled in Johannesburg South Africa, is a startup connecting employers, project sponsors, contractors, subcontractors and suppliers through a platform that also seeks to provide participants with worldwide and focused exposure to grow their market share.


Dutch startup Open Social raises €1.25m for service expansion
Published: 14-07-2020 | 13:23:00 | By: Pie Kamau
Amsterdam-based B2B SaaS platform for building online communities Open Social has raised €1.25 million investment from Peak Capital and Nimbus Ventures.


AWIEF launches Enterprise Development for Women-Owned Ventures in Green Energy Startup Incubator
Published: 14-07-2020 | 08:36:00 | By: Pie Kamau
The Africa Women Innovation and Entrepreneurship Forum (AWIEF) has launched “Enterprise Development for Women-Owned Ventures in Green Energy” and announces the call for applications for Startup Incubator in Malawi and Nigeria.


UK property startups Goodlord and Vouch come together to create new market leader
Published: 13-07-2020 | 14:53:09 | By: Pie Kamau
Property technology company Goodlord will be joining forces with referencing platform Vouch, bringing the fast-growing Vouch business into the Goodlord group.


British Business Investments announces €120m commitment to LGT Capital Partners funds
Published: 13-07-2020 | 14:32:00 | By: Pie Kamau
British Business Investments, a commercial subsidiary of the British Business Bank, announced the third commitment through its £500m Managed Funds Programme.


Eir Ventures announces first close of €76m fund to leverage untapped potential of health care innovation
Published: 13-07-2020 | 14:05:00 | By: Pie Kamau
Eir Ventures, a Nordic Life Science Venture Fund, announced a first close of its new fund of €76 million to leverage untapped potential of health care innovation.


Wazoku acquires US open innovation leader InnoCentive, raises additional £1.25m to support global growth
Published: 10-07-2020 | 15:46:00 | By: Pie Kamau
Wazoku, idea management software and services firm has announced a new funding round of £1.25M, led by Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) specialist.


The Digital Africa seed fund off to a promising start, offers customized support for African startups
Published: 10-07-2020 | 12:46:00 | By: Pie Kamau
The Digital Africa seed fund for innovative entrepreneurship in Africa is off to a promising start. Just six months on from its launch, already, one third of the €15 million for technical and financial assistance has already begun to flow.


Mali renewable energy startup SolarX closes Series A round led by Energy Access Ventures
Published: 10-07-2020 | 11:09:00 | By: Pie Kamau
Mali-based solar company SolarX announced the close of its Series A round led by Energy Access Ventures, an early-stage fund investing in and supporting decentralized energy companies across sub-Saharan Africa.


U.S. electric-vehicle startup Fisker completes $50m private financing to launch its Ocean all-electric luxury SUV in 2022
Published: 09-07-2020 | 15:04:00 | By: Pie Kamau
Fisker, designer and manufacturer of the world’s most emotionstirring, eco-friendly electric vehicles and advanced mobility solutions announced the successful completion of a $50 million Series C financing round.


Enygma Ventures invests $1m in Zambian fintech startup Lupiya
Published: 09-07-2020 | 14:17:00 | By: Pie Kamau
Enygma Ventures has made a $1 million investment in Zambian based micro finance startup, Lupiya. This investment, will enable Lupiya to continue to scale and roll out its services.


UK startup NumberEight raises $2.3m seed round from Nauta Capital to predict consumer behaviour
Published: 08-07-2020 | 15:21:00 | By: Pie Kamau
NumberEight, a contextual intelligence platform for mobile devices that predicts consumer context to deliver the right content at the right time, has closed a $2.3 million seed round led by Nauta Capital.


German startup NavVis receives €20m funding from the European Investment Bank
Published: 08-07-2020 | 15:01:00 | By: Pie Kamau
The European Investment Bank (EIB) and NavVis signed a contract financing of €20 million to NavVis, a global market leader in digital twin technology.


[Startup Interview] Ian Sendagala, CEO, eFoods Trade, Uganda
Published: 08-07-2020 | 14:23:00 | By: Bob Koigi
eFoods Trade is an African online B2B marketplace connecting African foods to the global markets. The platform targets food importers, exporters, distributors, and manufacturers. Ian Sendagala the CEO explains.


[Startup Interview] Sam Bediako-Asante, Founder, Sambed Consult, Ghana
Published: 08-07-2020 | 14:20:00 | By: Bob Koigi
Sambed Consult in Ghana offers management consultancy services targeting MSMES with a view to helping them improve their management and organizational performance. Sam Bediako-Asante, the startup’s founder elaborates.


Nigeria's FCMB, Passion Incubator partner to launch FCMB Agritech Epic Pitch 2020
Published: 07-07-2020 | 16:27:00 | By: Pie Kamau
Nigeria's First City Monument Bank (FCMB) has partnered with Passion Incubator, a Lagos-based early-stage incubator and accelerator that has invested in some Agritech startups, to launch the virtual edition of the FCMB Agritech Epic Pitch 2020.


GreenTec Capital invests in Nigerian wholesale e-commerce startup Pricepally
Published: 07-07-2020 | 15:34:25 | By: Pie Kamau
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.


French startup Koala closes €1.6m seed round led by Insurtech Gateway
Published: 07-07-2020 | 15:13:00 | By: Pie Kamau
Paris based insurtech Koala announced an investment of €1.6 million led by London based incubator and fund Insurtech Gateway alongside Playfair Capital, Techstars Ventures and private investors.


ETF leads €7 million investment in Finnish startup Basemark
Published: 07-07-2020 | 14:30:00 | By: Pie Kamau
Basemark, a leading software company specialising in graphics and autonomous driving vehicle software, has successfully concluded a €7 million equity funding round by ETF Partners.


[Startup Interview] Rajat Dayal, CEO, Yabx, India
Published: 07-07-2020 | 11:57:00 | By: Bob Koigi
Yabx targets the unbanked population in the emerging markets of Africa, Asia, and Latin America by leveraging the digital footprints of an individual and providing tailor-made financial services. The startup’s founder and CEO Rajat Dayal explains.


British biotech startup Freeline closes $120m Series C financing round
Published: 06-07-2020 | 15:44:00 | By: Pie Kamau
Freeline, a biotechnology company focused on developing curative gene therapies for chronic systemic diseases announced the closing of a $120 million extended Series C financing.


Ingressive Capital grows African tech fund to $10 million
Published: 04-07-2020 | 13:54:00 | By: Pie Kamau
Ingressive Capital has doubled its investment vehicle to back high-growth, tech-enabled startups across Africa, and now operates a $10 million fund.


New York fintech startup CMG raises $25m to digitally connect equity capital markets participants
Published: 04-07-2020 | 13:27:00 | By: Pie Kamau
Capital Markets Gateway (CMG), a New York based financial technology firm modernizing the equity capital markets (ECM) announced it received a strategic investment of $25 million from several financial firms.


U.S. based startup Andela to double engineering talent pool with Pan-African expansion
Published: 04-07-2020 | 12:45:00 | By: Pie Kamau
Andela, the global talent network that helps companies build remote engineering teams, will now accept engineers from all African countries, expanding its presence from six countries to the entire continent.


Privacy software company OneTrust acquires Seattle based startup Integris
Published: 03-07-2020 | 16:18:00 | By: Pie Kamau
Atlanta-based privacy, security, data governance, and compliance technology company OneTrust announced its Integris Software acquisition.


French startup Unlatch raises $5.8m funding round by AXA Venture Partners
Published: 03-07-2020 | 11:55:00 | By: Pie Kamau
Unlatch, a French pioneer in digital real estate sales, announced a $5.8 million financing round, including $4.5 million in equity from AXA Venture Partners and $1.3 million in debt.


Belgium startup e-peas raises further €8 million in VC for long term growth
Published: 03-07-2020 | 11:07:00 | By: Pie Kamau
Award-winning Belgium start-up e-peas has raised an additional €8 million worth of investment led by Partech and Airbus Ventures, with KBC Focus Fund, W.IN.G, Noshaq Ventures, LeanSquare, Nivelinvest and Vives also contributing.


Estonian startup Veriff closes $15.5 million financing round for global expansion
Published: 03-07-2020 | 10:20:00 | By: Pie Kamau
Estonian identity verification startup Veriff closed a financing round of $15.5 million to ramp up global growth and sales to enterprise customers prior to a larger B-series financing round planned in the future.


MFS Africa acquires East Africa fintech startup Beyonic
Published: 03-07-2020 | 09:48:00 | By: Pie Kamau
East Africa fintech startup Beyonic announced that the company has been acquired by MFS Africa. MFS Africa operates Africa’s largest digital payments hub, connecting more than 200 million mobile wallets on the continent.


Nigerian fintech startup Wallets Africa raises undisclosed amount for African expansion
Published: 01-07-2020 | 15:54:00 | By: Pie Kamau
Nigerian fintech startup Wallets Africa has raised an undisclosed amount of funding to expand its operations and continue its quest to become Africa’s foremost borderless digital payments platform.


E-mobility startup Bolt launches electric bikes in Paris
Published: 01-07-2020 | 15:19:00 | By: Pie Kamau
E-mobility startup Bolt has announced the introduction of four and two-wheeled vehicles for Parisian urban commuters, who will now have the opportunity to get from A to B on a Bolt electric bike.


Horizon Quantum raises seed financing to $3.23m for software development
Published: 23-06-2020 | 11:13:00 | By: Pie Kamau
Horizon Quantum Computing, a Singapore-based startup developing programming tools for quantum computers announced it has increased its seed financing to $3.23 million, a seed-plus round led by Sequoia Capital India with participation from previous investors.