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AWS and Immutable partner to supercharge mass adoption of Web3 gaming globally
Immutable will work with AWS to accelerate the on-boarding of game studios to Web3.
Sony launches Sony Innovation Fund Africa
Sony has launched ''Sony Innovation Fund: Africa" to support the growth of the entertainment businesses in Africa.
Kenyan insurtech startup Turaco acquires Ghana’s MicroEnsure
Turaco, the Kenyan insurtech startup, has acquired MicroEnsure Ghana from MIC Global.
Mythic Protocol raises $6.5m to build the world first collaborative entertainment
Mythic Protocol has closed an oversubscribed $6.5 million seed round.
SuperScale raises $5.4m Series A to grow revenue for game developers and publishers
SuperScale announced it has raised $5.4 million in a Series A funding round.
Ghana bets on taxation of sugar-sweetened beverages to protect health sector
A new win for Ghana: 20% tax has been imposed on sugar-sweetened beverages (SSBs), including flavoured juice drinks, sweetened tea, sodas, and energy drinks.
GRASP fellowship invests in African women researchers
The Kenyan women, and others selected for the GRASP Fellowship, are set to participate in a series of interventions, including leadership and mentoring training, designed to enable them to become more effective policy practitioners
[Column] Darryl Pietersen: Improving innovation and technology for gender equality in Ghana
The digital revolution is fully underway, and the technology industry is reshaping our world. While it looks quite innovative and revolutionary from the outside, women remain a dramatically underrepresented group.
African mobile game publisher Carry1st raises $27m funding round to accelerate growth
African mobile game publisher Carry1st, has raised $27 million in a funding round led by BITKRAFT Ventures, featuring participation from Andreessen Horowitz (a16z), TTV Capital, Alumni Ventures, Lateral Capital, Kepple Ventures, and Konvoy.
Yida Gao and Shima Capital invest in Web3 gaming startup Midnight
Shima Capital, led by founder and Managing General Partner Yida Gao, announced their investment in Web3 gaming startup Midnight.
[Interview] Jennifer Feaster, Speaker, YouTube Creators Festival
Jennifer Feaster is a Managing Partner at Age Africa, an agency that combines data and creativity to develop performance driven YouTube channels, with unique content optimized for success.
Canadian B2B automotive trading startup TRADE X opens a trade route in Ghana
TRADE X, a B2B cross-border automotive trading platform with its headquarters in Ontario, Canada, announced it has opened a new trade route in Ghana, strengthening the company's presence in Africa.
GhanaWeb, Age Africa Agency sponsor YouTube Creators Festival in Ghana
Ghana’s leading online media platform, GhanaWeb, and Age Africa Agency, the foremost YouTube agency with a Multi-Channel Network (MCN) in Africa, are co-sponsoring the second edition of the YouTube Creators Festival.
Mobile game startup Luckmon raises $1.3m pre-seed round to bring popular casual games reward platform
Luckmon, a casual mobile game development startup based in Irvine, California, has officially announced its early-round pre-seed fundraising has closed on a whopping $1.3 million.
Ghana women livestock owners boost animal health with vaccine project
The project has recruited two female vaccinators to vaccinate animals. These vaccinators are supported by 105 women ‘lead farmers’ or AHSPs, who aid in mobilizing other women and deliver vaccines to group members.
Swedish tech startup Lurkit launches Creator Program, a gaming influencer marketing product
Swedish tech startup Lurkit announced it is taking its newest gaming influencer marketing product, 'Creator Program,' to the market.
A short guide to start your iGaming business
The online casino industry is experiencing a global rise, and more and more people are constantly on the lookout for new iGaming solutions.
Ghanaian agritech startup Farmerline raises $1.5m from Dutch investor Oikocredit
Ghanaian agritech startup Farmerline announced the second close of a Pre-Series A investment raise with an additional $1.5 million investment from Dutch social impact investor Oikocredit.
Ghanaian fintech SecondSTAX raises $1.6m pre-seed funding to expand to other countries
Ghanaian fintech SecondSTAX (Secondary Securities Trading and Aggregation eXchange), announced it has raised $1.6 million in pre-seed funding from private investors and venture capital firms, including LoftyInc Capital and STEMeIn.
Ghanaian health tech startup mPharma acquires majority stake in Nigeria’s HealthPlus
Ghanaian health tech startup mPharma has acquired a majority stake in HealthPlus, a pioneer pharmacy chain in Nigeria.
Dutch game-tech startup Enliven raises €1m for groundbreaking empathy training in virtual reality
Together with Oost NL, LUMO Labs is investing €1 million in game-tech company Enliven. This Dutch startup from Arnhem offers groundbreaking empathy training for the prevention of physical and emotional violence in home and workplace.
South Korean animation Startup Plask releases motion capture tool to democratize 3D animation
Plask, a 3D animation startup has unveiled its namesake premium motion capture and animation SaaS tool that makes 3D animation more accessible than ever.
Mobile gaming platform startup INK Games secures $18.75m Series B financing
INK Games (INK), an Austin-based startup building a social gaming and commerce platform, announced it has secured $18.75 million of funding through its Series B equity round.
South African gaming startup Skrmiish secures $2.5m seed round to speed growth
Cape Town-based Skrmiish, a mobile “play-to-earn” app that enables gamers of every level to earn cash in every match they play across the AAA+ games they love, has raised a $2.5 million seed round to speed its global growth.
AI gaming and Esports startup Regression Games exits stealth with $4.2m seed funding from NEA and a16z
Regression Games, the AI gaming and esports company announced it has closed $4.2 million in seed funding led by New Enterprise Associates (NEA).
T-Mobile accelerator startup Krikey brings NFT puppies to the Flow blockchain
Krikey, a gaming studio with more than 5 million users, announced the launch of SolarPups on the Flow blockchain.
London-based soccer game startup CLUB closes $3.1m seed round for the first F2P and Play-and-Earn soccer ownership game
CLUB, the independent studio behind CLUB Game, the first free-to-play (F2P), play-and-earn soccer game that allows you to create and sell your own real-player soccer club, has secured its first major round of funding.
Magic Eden launches Magic Ventures to focus on Web3 gaming investments
Magic Eden, the destination for NFTs, announced the launch of Magic Ventures, a venture arm that will focus on investing in Web3 games.
Nigerian Lab testing startup HealthTracka raises $1.5m funding for expansion to Kenya and Ghana
Nigerian at-home lab testing startup HealthTracka has raised $1.5 million in funding to expand its operations into Kenya and Ghana. The pre-seed funding which was led by Ingressive Capital.
AfricArena partners with FMO to accelerate tech startups in Ghana, Morocco and Tanzania
AfricArena, the African series of tech events, announced a partnership with FMO Ventures Program, the Rise Open Innovation Challenge, which focuses on accelerating the growth of startups looking to improve the state of Africa.
Swedish gaming startup Lurkit raises $2.7m to empower gaming influencer marketing globally
Swedish gaming influencer marketing platform Lurkit has raised $2.7 million in a seed round from industry investors as the company is launching Quests, a new software suite that enables paid sponsorships between live streamers and gaming companies at scale.
Vietnam's blockchain gaming startup Ancient8 raises $6m to build infrastructure software for GameFi
Ancient8, a GameFi infrastructure developer and Vietnam's largest blockchain gaming guild and community, announced the completion of a $6 million private round of financing led by Makers Fund and C² Ventures.
MaC Venture Capital closes out $5.6m seed round of African startup AMP Global with $2m investment
MaC Venture Capital, an LA-based seed-stage VC that invests in visionary founders, closed out the $5.6 million Seed round of African startup AMP Global Technologies, with a healthy $2 million investment.
AI gaming startup Sizzle.gg raises $5m seed round for expansion
Sizzle.gg, an AI-driven patented platform that creates automatic and personalized highlights for esports leagues and teams, video game streamers and more, has raised $5 million in a seed funding round.
Gaming startup StartPlaying raises $6.5m seed funding to scale growth
StartPlaying, the online platform to find tabletop role-playing games and professional Game Masters, announced a $6.5 million seed round led by venture capital firm Andreessen Horowitz general partners Jonathan Lai and Andrew Chen.
Twitch Co-founder raises $35m seed round for Fractal, a new marketplace for gaming NFTs
Fractal, a new marketplace for gaming NFTs founded by Justin Kan, the Co-founder of Twitch, announced a $35 million seed round led by Paradigm and Multicoin Capital with with participation from Andreessen Horowitz.
French in-game ad startup Gadsme raises $8m seed round to scale growth
Gadsme, the interactive adtech platform that offers high quality immersive brand experiences through in-game advertising, secured an $8 million seed investment just 11 months after launch.
Shirley Somuah named partner at African private equity fund manager CardinalStone Capital
African private equity fund manager, CardinalStone Capital Advisers (CCA), has appointed Shirley Somuah as a Partner, as it strengthens its presence in Ghana with a new office opening in Accra in Q2.
Play-to-earn health startup Health Hero closes oversubscribed seed round to finance game development
Health Hero, the company behind the Web3 play-to-earn health game "Health Hero," closed seed round with backing from prominent venture capitals.
Egyptian e-Sport startup Eksab raises $3m seed funding to scale its fantasy football platform
Cairo-headquartered e-Sport startup has raised $3 million seed funding round, bringing the company’s total investment to date to $3.7 million.
Ghanaian fintech startup Dash closes $32.8m seed round to create a unified payments app for Africans
Dash, the unified and accessible payments app, announced it has raised $32.8 million in an oversubscribed seed round, one of the largest seed rounds for an African technology startup.
Netflix acquires Finnish mobile game developer Next Games for €65m
Netflix announced it has entered into a combination agreement to acquire Finnish mobile game developer, Next Games. Under the terms of the agreement, Netflix will commence a tender offer process to acquire all of the issued and outstanding shares of Next Games.
Singapore-based game-fi blockchain startup Ethlas raises $2.7m seed funding round
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.
Achieving inclusive cocoa and palm oil commercialization in West Africa
Abugre also noted that questions remain with regards to the future of cocoa production given global price trends, climate change, farmers stepping into the sector, and income distribution effects at the local level.
Ghana health-tech startup mPharma secures $35 million funding for expansion
Ghanaian health tech startup mPharma has raised $35 million in a Series D round led by Citigroup Inc.
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.
Chinese gaming and entertainment startup Talon closes $5m Series A funding to accelerate growth
Talon, the Hong Kong headquartered competitive gaming, entertainment and culture brand announced it has secured $5 million in equity capital in its Series A financing round.
Kenyan gaming startup Usiku Games develops Africa’s first mobile football game
Kenyan gaming startup Usiku Games unveiled an amateur football mobile game to promote outdoor physical activities and encourage sportsmanship among youths in East Africa.
French gaming startup Million Victories raises $3 million funding to diversify its portfolio
Million Victories will use this funding to increase the studio’s headcount, scale it’s already quickly growing userbase, and develop new core mobile games to diversify its portfolio.
Crypto Valley Venture Capital initiates investment strategy to build blockchain accelerator for African startups
African blockchain disruptors and early-stage startups have joined CV Labs Global Incubation Program Batch 03. The African contingent of incubatees is reflective of Crypto Valley Venture Capital’s (CV VC) global investment strategy.
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.
Singapore gaming startup OP Games raises $8.6m to bridge game developers to Web 3.0
OP Games, a startup that enables game developers to monetize their work using Web 3.0, raised $8.6 million of seed funding.
Fantasy football startup Sorare raises $680m Series B to create next sports entertainment giant leveraging NFTs
Sorare, the fantasy football platform, announced it has raised $680 million in Series B financing led by Softbank, with participation from Atomico, Bessemer Ventures, D1 Capital, Eurazeo, IVP and Liontree.
Huobi Ventures launches $10m fund to accelerate innovative GameFi projects
Huobi Ventures, the global investment arm of Huobi Group, announced the launch of a new $10 million fund to invest in emerging GameFi projects around the world.
LG announces global startup competition to recruit new businesses for innovation center
LG Electronics (LG) announced the launch of Mission for the Future, a global challenge competition for startups to identify innovative technologies and business ideas that pave the way to the future.
Sharp Alpha Advisors announces sports betting startup pitch competition in partnership with Sportradar
Sharp Alpha Advisors, a firm specializing in early-stage sports betting technology, and Sportradar, a global provider of sports betting and sports entertainment products and services, have partnered to announce a sports betting startup pitch competition.
Videogame startup Nifty Games raises $38m capital to redefine mobile sports games
Nifty Games, a videogame developer and publisher focused on quick-session, head-to-head sports games for mobile, raised $26 million in a Series B round of equity funding led by Vulcan Capital. In addition, the company has secured $12 million in connected debt financing.
Mobile sports betting startup ZenSports receives its Nevada gaming license
ZenSports, the mobile sports betting app that offers consumers more choices and a better design than any other platform, has officially received its non-restricted gaming license from the Nevada Gaming Control Board.
Nigerian mobility startup Plentywaka raises $1.2m seed funding, acquires Ghana’s Stabus
Nigerian mobility startup Plentywaka raised $1.2 million seed round, after successfully ending the Techstars Toronto Accelerator Program in July 2021. The startup also announced it has fully acquired Ghana’s mobility startup Stabus.
Hybrid gaming startup and broadcaster Live Play Mobile launches 24-hour-a-day live-hosted social casino game
Live Play Mobile, a new social gaming platform developer that combines live TV formats with mobile games, has become the first publisher to launch a 24-hour-a-day, live-hosted social casino game with its debut title, Live Play Bingo.
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.
Sports technology and gaming startup StatusPRO raises $5.2m seed round to accelerate growth
StatusPRO, a sports technology and gaming company that combines player data, augmented reality (AR) and virtual reality (VR) to create a suite of training and gaming products, announced it has raised a $5.2 million seed round.
[Ghana] Verdant Capital raises $7.9 million for challenger fintech, Zeepay
The debt and equity raise for challenger fintech, Zeepay, head-quartered in Ghana, follows a $20 million equity and debt capital raise for Tugende, an East African technology-enabled asset financing business.
Ghanaian agribusiness startup Green Gold Farms raises $1.6 million to tackle food import challenge
Green Gold Farms is tackling the problems of poverty, lack of economic opportunity, and malnutrition and related illnesses in Northern Ghana through large-scale agricultural production.
Ghanaian fintech startup Zeepay raises $7.9m Series A funding to support its operations
Ghanaian Fintech startup Zeepay announced the completion of a $7.9 million Series A.0 funding. The funding is a hybrid of both equity and balance sheet funds to support its operations.
Catalyst Fund announces Circle of Corporate Innovators to accelerate startup-corporate partnerships
Global inclusive tech accelerator Catalyst Fund, managed by BFA Global, today formally announced its Circle of Corporate Innovators, with its first members, Fidelity Bank, Ecobank, Sterling Bank, Access Bank and the VFD Group.
Consumer technology startup Allstar raises $3.85m to democratize gaming content
Allstar, a consumer technology startup focused on democratizing the creation of gaming content, announced a $3.85 million seed round led by members of New York Angels.
Legatum Center launches inaugural Legatum Foundry Fellowship for entrepreneurs in Africa
At an inflection point in their entrepreneurial journeys, Fellows will learn from MIT faculty, connect with investors, and expand their network of peer innovators.
Twenty-two startups join second cohort of UNICEF StartUp Lab in Ghana
UNICEF announced the launch of the 2021 cohort of the UNICEF StartUp Lab, a co-creation space and accelerator, that engages young startups in the development of innovative, open-source, market-driven products and solutions.
[Startup Interview] PJF Schmidt, Lucas Brosi, Marcus Luer, Urs Meier, Founders, Heroes AG, Switzerland
Heroes AG is a Swiss startup that has tapped into the underdeveloped fan merchandising sector through distribution of modern and trendy lifestyle products.
AI video game wagering startup PLLAY secures additional $1m in funding
PLLAY, a skill-based video game wagering platform, has raised an additional $1 million in funding, bringing its total to $4 million in an oversubscribed seed round.
Insurtech startup Curacel secures $450K pre-seed funding to drive insurance inclusion in Africa
Curacel, an AI-powered platform for claims processing and fraud management in Africa, raised a $450,000 pre-seed funding in a round led by Atlantica Ventures and Consonance.
[Interview] Esinam Yevu, Co-Founder, PayBox, Ghana
Esinam Yevu is Co-Founder and Communications Lead at Ghanaian fintech startup, PayBox
Boost Ghana and KudiGo selected for Catalyst Fund Inclusive Digital Commerce accelerator
The Catalyst Fund Inclusive Digital Commerce Accelerator announced the first cohort of digital commerce companies to be scaled, with the goal of improving the livelihoods of informal MSEs in Ghana.
Ghana’s healthcare startup mPharma to launch Haltons Pharmacies in Ethiopia
Ghanaian health tech startup mPharma, signed a franchise agreement with Belayab Pharmaceuticals to open Haltons Pharmacies in Ethiopia.
Chicago-based startup Push raises $1m seed round to fuel mobile game that pays real prize money
Chicago-based startup Push closed a $1 million dollar round led by JBL Energy Partners & private investors, to fuel its live app played by tens of thousands of people, vying to win actual cash.
The African youth powering a gaming revolution
As esports dominate modern entertainment industry as a fast growing sport, Kenya and South Africa youth continue to dominate the world of competitive video gaming.
US job marketplace startup Ajuma Technologies set to launch in West Africa
American and Ghana tech startup Ajuma Technologies, Ltd. has announced their plans to launch in early 2021.
AI video game wagering startup PLLAY launches MicroVentures campaign, builds on $3m seed round
PLLAY, a skill-based video game wagering platform, officially launched a campaign on MicroVentures, an equity-based crowdfunding website, opening an investment opportunity to the public.
Singapore-based blockchain startup AnRKey X lists native token $ANRX on Bithumb Global and Uniswap
Singapore-based blockchain startup, AnRKey X, announced that $ANRX will be listed on both Bithumb Global and Uniswap.
Cross-platform Mod and UGС service mod.io raises $4m led by Makers Fund and Sequoia's Surge
Makers Fund, a global venture capital fund specializing in interactive entertainment, announced a $4 million seed round for mod.io, a cross-platform UGC and modding service based in Melbourne, Australia.
Video game wagering startup PLLAY secures $3m seed round to accelerate growth
PLLAY, a skill-based video game wagering platform, has closed a $3 million seed funding round led by Screen Play Ventures.
Motion tech startup DeepMotion makes motion capture accessible with launch of Animate 3D
As part of its drive to revolutionize Motion Intelligence, DeepMotion has officially launched their 3D animation cloud service Animate 3D.
ESL and DreamHack merge to shape the future of E-sports and gaming
ESL, the world's largest esports company, and DreamHack, the premier gaming lifestyle festival company, have merged organizations to further accelerate their mission to shape the future of esports and gaming.
ZenSports closes additional $1.46m Seed funding for U.S. and international expansion
ZenSports, the mobile peer-to-peer sports betting marketplace announced a new $1.46 million Seed round of funding to expand into the United States, as well as to continue to grow its international presence.
South Korean Doit5 launches advertising content service using web AR technology
Social marketing platform Doit5 announced the launch of an advertising service that uses content with web based AR technology.
West Africa's Miro Forestry raises $48 funding close led by CDC to combat climate crisis
CDC Group, the UK’s publicly owned impact investor announced a further $12 million commitment to Miro Forestry, a sustainable forestry and timber business with plantations in Ghana and Sierra Leone.
Gaming startup Lootcakes raises $2m to expand rewarded data sharing for VIP gamers
Lootcakes, world's first network devoted to spenders in free-to-play games, announced the closing of a $2 million seed round led by Konvoy Ventures, with other participants including SOSV and GAN Ventures.
Seattle based startup Polyarc raises $9 million for augmented reality development
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.
South African animation and gaming startup Sea Monster secures $1m funding
Animation, gaming and AR/VR company Sea Monster announced the conclusion of a $1m investment from FirstRand’s Vumela Fund.
[Startup Interview] Sam Bediako-Asante, Founder, Sambed Consult, Ghana
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.
[Startup Interview] Wolf-Dietrich Fugger, Co-Founder, EWIA Green investments, Germany
EWIA Green investments is a renewable energy company based in Germany with an office in Ghana. Through Solar-as-a-Service model the company sells photovoltaic systems to commercial and industrial customers in form of leasing.
[Startup Interview] Emmanuel Addo, CEO, EADfix, Ghana
EADfix, a Ghana-based tech platform, connects customers with verified service providers across different industries as it seeks to meet the growing demand for convenience, reliability and speed.
[Startup Interview] Freeman Addico, CEO, Addicnet, Ghana
Pan-African cloud computing and ecommerce solutions provider Addicnet is redefining cloud computing landscape in the continent through its unique offerings. Addicnet is a Pan-African Cloud computing and ecommerce solutions provider aiding African companies
[Startup Interview] Peter Anowie, CEO, Kolics Company, Ghana
Kolics Company Limited is a social enterprise that owns the Koliko Wear brand. It was established in Takoradi-Ghana in 2017. It provides customers with quality and affordable ladies and gents footwear. We produce shoes for all and deliver on our promise
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