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South African logistics startup Tripplo raises $1.8m funding to scale its operations
Tripplo has closed its seed funding extension round with $1.8m equity investment.
Gebrüder Weiss provides zero-emission deliveries to end customers in Budapest
Gebrüder Weiss has started to provide zero-emission deliveries to end customers.
On-demand logistics and delivery startup Picup opens driver training centres in South Africa
Picup has launched its Driver Training Centres in Cape Town.
Tech Square Ventures leads investment in cartonization platform, Paccurate
Paccurate announced the closing of $3.5m round led by Tech Square Ventures.
Nigerian mobility fintech Moove secures $76m funding for global expansion
Nigerian mobility fintech Moove, has secured $76 million in new funding.
bp ventures invests £4m in UK-based fleet optimization software provider Dynamon
bp ventures has made a £4 million investment in Dynamon.
Haul247 secures $3m seed funding to drive innovation in Africa’s logistics industry
Haul247 has raised $3 million in a seed funding round.
German autonomous, electric trucking startup FERNRIDE raises $31m Series A funding
FERNRIDE has secured $31m Series A funding.
Volvo Group Venture Capital invests in Trucksters to manage innovative relay trucking in Europe
Volvo Group Venture Capital has invested in Madrid based startup, Trucksters.
Nigerian cold-chain startup Gricd rebrands as Figorr, secures $1.5m seed funding to support data-driven insurance for perishable goods in Africa
Gricd, a technology company that develops Internet of Things-powered solutions to support the last-mile delivery of perishable goods, has secured $1.5m seed funding.
German startup Wingcopter secures €40 to scale up electric delivery drones and logistics services
The European Investment Bank (EIB) will provide a €40 million quasi-equity investment into Wingcopter, a European pioneer in unmanned delivery drone technology and related services.
[Column] Oluwatobi Amusan: Financial inclusion in Africa with embedded trade finance
There can be no talk of financial inclusion in Africa without trade finance. Trade promotes economic growth, reduces poverty, fosters economic and cultural links between regions and countries, and facilitates capital movement.
Chinese electric truck startup DeepWay raises $117m Series A+ round to accelerate mass production of smart electric heavy-duty truck
DeepWay, a smart commercial vehicle developer and manufacturer, announced it had raised $117 million Series A+ financing.
Global trends in supply chain finance, Plug and Play
According to the World Supply Chain Finance Report 2022, supply chain finance fund volumes showed a significant increase in 2021 over 2020 as the global volume rose by 38% to $1.8 billion and funds in use by 41% to $713 billion.
Logistics SaaS startup BlueCargo raises $11m to make containers flow faster through US Port terminals
BlueCargo, the logistics SaaS platform that optimizes the entire container workflow from port to warehouse, announced it has raised $11 million in new funding led by Soma Capital and Left Lane Capital.
Bolt announces plans to expand services in Africa with €500m investment
Bolt has announced plans to invest €500 million to enhance its operations across Africa over the next two years.
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.
[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.
Terminal49 secures $6.5m Series A to power ocean freight visibility and automation
Terminal49, the ocean freight visibility platform, announced it has secured $6.5 million in Series A funding led by Stage 2 Capital and co-lead by Grand Venture Partners, with follow-on participation from seed stage investors.
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.
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.
Kenyan logistics startup Sendy raises funding from Japanese VC MOL PLUS to accelerate growth
Kenyan fulfillment and logistics startup Sendy, announced it has received funding from MOL PLUS the Corporate Venture Capital of Japanese transport firm Mitsui O.S.K. Lines (MOL).
YEGO ride-sharing platform from Rwanda launches in Kenya
YEGO Global, a ride-sharing platform from Rwanda has entered the Kenyan market to take on Uber and Bolt through its subsidiary - YEGO Mobility Kenya.
Danish blockchain startup Drivn enables users earn an income while saving the planet
Drivn, the brainchild of three Danish founders, aims to change the world's travel behavior towards a more sustainable future.
Nigerian mobility fintech Moove raises £15m financing facility to scale UK operations
Moove announced it has raised £15 million in financing from Emso Asset Management to scale up its UK operations following a successful launch in August.
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.
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.
NYSHEX closes $25m Series B funding to improve reliability and efficiency of global shipping
NYSHEX, the ocean contract performance technology servive provider,, announced a $25 million Series B funding round led by Collate Capital. In addition, Blumberg Capital, Goldman Sachs and NewRoad Capital participated.
ZEBOX America selects new batch of startups to reimagine global logistics and mobility
International startup incubator and accelerator ZEBOX America announced a new cohort of 9 startups, marking a key milestone as the tech hub works to reimagine and revitalize the North American supply chain, logistics, mobility and Industry 4.0 sectors.
Savannah Logistics Innovation Center, Plug and Play announce first cohort of their accelerator program
The Savannah Logistics Innovation Center (SLIC) and Plug and Play announced the first cohort of selected startup companies chosen for their accelerator program.
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.
Kenyan e-Logistics startup Lori Systems raises funding from Google to facilitate expansion efforts
Kenyan e-logistics startup Lori Systems which operates across East Africa, announced it has raised an undisclosed amount of Round B funding from Google, to facilitate the company’s expansion efforts.
UK-based BotsAndUs secures $13m seed financing for its warehouse data intelligence platform with autonomous robots
BotsAndUs, a cutting-edge intelligence and robotics company has secured $13 million in seed funding to expand its logistics-disrupting solution globally.
Egyptian digital logistics startup Khazenly raises $2.5 million in seed funding to drive product development
Proceeds will be used to develop Khazenly’s products and services, and quadruple its existing facilities. Geographical expansion will also be supported as Khazenly continues its rapid growth trajectory during 2022.
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.
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.
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.
e-Logistics startup Truckbook raises $3m seed funding to revolutionize the trucking industry
Truckbook, a virtual trucking platform providing a suite of solutions for owner-operators, announced it has raised $3 million in Seed funding from Sacramento-based venture capital firm Moneta Ventures.
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.
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.
Logistics startup Swvl acquires Volt Lines, enters European market
Swvl Holdings, a global provider of transformative tech-enabled mass transit solutions announced a definitive agreement to acquire Volt Lines, a Turkey-based B2B and Transport as a Service mobility business.
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.
Plug and Play launches $25.5m Supply Chain Fund
The Plug and Play's Supply Chain Innovation Platform announced the closing of Plug and Play Supply Chain Fund I, L.P., a $25.5 million venture capital fund focusing on investments across the end-to-end supply chain.
Bridgestone Mobility Solutions joins Startup Autobahn as ‘anchor partner’
Bridgestone Mobility Solutions, Bridgestone EMIA’s business unit focused on developing and launching data-driven fleet, tyre and mobility solutions, has become an “anchor partner” of Startup Autobahn, a mobility-focused innovation network.
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.
Nigerian mobility fintech startup Moove raises $105m series A2 round to scale growth
Mobility fintech, Moove, which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105 million in an oversubscribed Series A2 round consisting of equity and debt.
15 startups selected for Google for Startups Accelerator Africa Class 7
Google has announced the 15 African startups that have been selected for its Startups Accelerator Africa Class 7 programme. The startups are developing solutions in areas such as healthcare, education, fleet management, logistics automation and recruiting.
German logistics tech startup Forto raises $250m to accelerate international expansion
German logistics tech startup Forto, the provider of digitized freight forwarding and supply chain solutions, announced it has raised $250 million in a pre-emptive Series D investment round led by Disruptive.
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.
Las Olas Venture Capital invests in Leverage.ai to modernize global supply chains
Las OIas Venture Capital (LOVC), announced its third Fund II investment in Leverage.ai. to modernize the global supply chains.
Pakistani logistics startup Truck It In raises $13m seed round to transform the road freight industry
Pakistan’s logistics tech startup Truck It In closed $13 million seed round jointly led by venture capital firms Global Founders Capital and Fatima Gobi Ventures.
Kenyan logistics startup Amitruck raises $4m seed funding to accelerate digital solutions across Africa
Kenya-based digital trucking logistics startup Amitruck has announced it has secured $4 milllion in a seed funding round that had the participation of investors from Africa, Asia, Europe, the Middle East, and the U.S.
African mobility fintech company Moove secures $10m financing to support expansion to West Africa
NBK Capital Partners Mezzanine Fund II has announced that it closed a $10 million financing facility with Uber's exclusive vehicle supply partner in Africa, the mobility fintech, Moove.
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.
Indian mobility tech startup EVage raises $28m to enhance Commercial EV revolution
US-based venture capital firm RedBlue Capital has invested $28 million in EVage, the all-electric commercial vehicle OEM in India supplying EV trucks to major delivery fleets such as Amazon India's Delivery Service Partner.
Kenyan ride-hailing startup MARAMOJA opens its API to fintechs and insurtechs
Kenya's ride-hailing platform MARAMOJA Transport has opened its API to local fintechs and Insurtechs. Through a new partnership with Switchlink Africa, service providers will be able to connect with MARAMOJA's drivers and customers.
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.
TDK Ventures invests in scalable driverless transportation startup Faction
TDK Corporation announced that subsidiary TDK Ventures, has invested in scalable driverless transportation startup company, Faction.
World's innovation platform Plug and Play launches in Basel, Switzerland
The largest innovation enabler in the world, Plug and Play, announced the launch of a new office in Basel, Switzerland, in partnership with the first Founding Partner, uptownBasel.
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.
South African fleet-tech startup KeyTec and LocoNav enter Africa's video telematics market
South Africa fleet-tech startup KeyTec has partnered with LocoNav to capture the emerging and high-growth video telematics market throughout Africa.
Digital postage stamp startup Stamp Free launches AI-based postal tracking app
Stamp Free Limited, the digital postage stamp company, has launched its new Digitrack app, an AI-based postal validation and tracking app for carriers.
Chinese autonomous driving startup WeRide releases next-gen small, lightweight Sensor Suite 4.0
WeRide, a Chinese L4 autonomous driving company released WeRide Sensor Suite 4.0 (Suite 4.0), marking another key step towards the mass production of self-driving vehicles.
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.
Google selects nine Kenyan startups to receive equity-free funding via its Africa Investment Fund
During its very first “Google for Africa” event held early this month, Google announced it will be investing up to $50 million in African early- and growth-stage startups via its Africa Investment Fund.
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.
Perch Mobility startup raises seed funding to accelerate growth
Perch Mobility, the provider of portable charging pods that fuel the micromobility industry, announced the close of its successful seed round funding, which will enable the company to expand coverage into key strategic markets across the U.S.
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.
Chinese warehouse robotics startup HAI ROBOTICS secures $200m funding to accelerate growth
HAI ROBOTICS, a Chinese warehouse robotics startup pioneering in autonomous case-handling robotics (ACR) system, announced it has secured two new continuous rounds of financing, garnering $200-odd million in total.
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.
Shuttle-hailing startup SWVL completes $35.5m pre-funding to accelerate growth strategy
SWVL, a Dubai-based provider of transformative mass transit and shared mobility solutions, announced that several investors, including Agility and Chimera Abu Dhabi, have completed the pre-funding of $35.5 million of the aggregate PIPE subscription.
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.
Energy Distribution startup Fuel Me wins Plug And Play's Supply Chain and Logistics Program
Fuel Me, a cloud-based fuel and energy distributor, was selected from a competition with 100 participating companies, for Plug and Play's "Supply Chain and Logistics Program".
Mobility fintech startup Moove raises $23m Series A funding to democratize vehicle ownership in Africa
Moove, an African mobility fintech startup, announced it has raised $23 million in Series A funding, led by Speedinvest and Left Lane Capital.
Korean drone startup PABLO AIR expands U.S. drone delivery business
PABLO AIR, a company specializing in drone logistics solutions and delivery services and a member of Born2Global Centre, has collaborated with local American companies to expand its business in drone delivery in the United States.
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.
IFC’s TechEmerge partners with logistics startup Kobo360 to pilot sustainable cooling innovations in Nigeria
Eleven global innovators have been selected to partner with 15 leading Nigerian companies to pilot cost-effective, climate-smart technologies to strengthen the country's temperature-controlled logistics supply chain.
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.
Speedaf express completes Round A+ financing to build China-Africa express brand
Speedaf express, a China-Africa integrated logistics service provider, officially announced the completion of its Round A+ financing, led by TRUSTBRIDGE, followed by Northern Light VENTURE CAPITAL, and VISION+CAPITAL on the basis of Round A.
Africa's e-logistics startup Lori Systems appoints Uche Ogboi as new CEO
Lori Systems, Africa's e-logistics platform has announced the appointment of Uche Ogboi as its new Chief Executive Officer effective July 1 2021.
Mobility startup Beep secures $20m Series A investment for expansion
Beep, a provider of multi-passenger, electric, autonomous mobility solutions, announced today that it has recently closed the company's Series-A round with Intel Capital and Blue Lagoon Capital.
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.
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,
Logistics startup Logixboard raises $13m Series A funding to power the future of modern freight forwarding
Logixboard, the modern customer experience platform for freight forwarders, closed a $13 million investment led by Redpoint Ventures, with continued participation from Social Leverage, F-Prime Capital, Founders Co-op, Techstars Ventures, and others.
Kenyan e-mobility startup Ecobodaa secures funding from Persistent Energy Capital
Persistent Energy Capital announced a strategic venture building investment and partnership with Ecobodaa, a pioneer e-mobility startup, leading the revolution of the electric motorbike taxi (bodaboda) in Kenya.
Autonomous air cargo startup MightyFly raises $5.1 million seed funding to revolutionize logistics
MightyFly, an autonomous air cargo carrier, announced it has closed $5.1 million in seed funding, including investments from 500 Startups, At One Ventures, Global Founders Capital, Graph Ventures, and Halogen Ventures.
Nigerian last-mile delivery startup Kwik Delivery releases Prestashop plugin
After the release of its plugins for Shopify and Magento, Kwik Delivery has released its plugin for Prestashop.
Kenyan logistics startup Amitruck and Sky.Garden announce last mile goods pick-up and deliveries partnership
Logistics platform Amitruck and e-Commerce platform Sky.Garden have partnered to form an end-to-end digital chain for goods pick-up and deliveries to the last mile.
SWARM Engineering startup raises $2.7m in seed funding led by S2G Ventures and Serra Ventures
SWARM Engineering, the next generation of cognitive software for the food supply chain, announced it closed funding for a $2.7 million seed round.
UniGroup acquires RevUnit joint venture and moving startup Handled
RevUnit and UniGroup joint venture, Handled, recently announced its full acquisition by United Van Lines and Mayflower Transit parent company UniGroup due to its early growth and innovative technology.
Logistics technology startup Baton raises $10.5m Series A funding
Baton, a logistics technology platform developed out of 8VC's acclaimed Build program, announced its $10.5 million Series A funding, co-led by 8VC and Maersk Growth, the corporate venture arm of AP Moller-Maersk.
Chinese logistics startup Duckbill closes $50m funding
Duckbill, the world container trucking/drayage service platform featuring intelligent dispatching and transportation management, announced the closing of fund raising of $50 million which marks the biggest funding in the industry.
Nigerian startup Kwik Delivery officially launches its just-in-time delivery service in Abuja
Nigerian startup Kwik Delivery announced it officially made available its breakthrough, just-in time delivery service to businesses, government agencies and merchants in Abuja.
IFC invests in Savannah Fund to support Africa’s tech startups funding growth
IFC announced an investment in the Savannah Fund, a technology seed fund in Africa, to increase lending to startups across sub-Saharan Africa with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors.
Nigerian startup Kwik Delivery expands its delivery service to 4-wheels vehicles
Kwik Delivery has announced today that it is expanding its app-based breakthrough delivery service to 4-wheels delivery vehicles.
Logistics tech startup ZUUM Transportation launches ZUUM BEYOND TMS for shippers
Logistics technology innovator ZUUM Transportation launched ZUUM BEYOND TMS with ZUUM Business and ZUUM Enterprise, expanding the modular product line of their Logistics Super Platform.
Kenyan logistics startup Amitruck secures pre-seed funding for expansion across East Africa
Kenyan trucking logistics marketplace startup Amitruck secured an undisclosed investment led by US-based Dynamo Ventures with participation from Plug and Play Ventures and a collection of strategic angel investors.
Plug and Play partners with MESS to create a mobility & IoT innovation hub in Istanbul, Turkey
Global innovation platform for startups and corporations from Silicon Valley, Plug and Play, is partnering with Turkish Employers' Association of Metal Industries MESS, in launching its newest location in Istanbul, Turkey.
Southeast Asia logistics startup Zeek secures $10 million financing for expansion
Zeek, the Southeast Asia-focused logistics technology startup, announced has secured approximately $10 million in Series Pre-A financing from regional strategic investors and investment funds.
Plug and Play partners with SEDA to establish first-mile innovation hub in Savannah, GA
Plug and Play, the Silicon Valley based venture capital firm and corporate innovation platform, announced its partnership with the Savannah Economic Development Authority (SEDA) to establish a First-Mile Logistics innovation hub in Savannah, GA.
Nigerian logistics startup Kobo360, IFC invite for innovative cooling solution projects in Nigeria
IFC, a member of the World Bank Group, in partnership with Kobo360, an African digital logistics platform, announced an open call for innovators from around the world to bring climate-smart, temperature-controlled logistics (TCL) cooling solutions to Nigeria.
CerraCap Ventures, Exfinity Venture Partners join forces for new growth
CerraCap Ventures and Exfinity Venture Partners announced their global strategic partnership integrating CerraCap's unique Sales & Scale model with Exfinity's stated vision helping develop global enterprise startups leveraging the Indo-US corridor.
Nigerian mobility startup Plentywaka expands car-hailing service in Delta State
Nigerian mobility startup Plentywaka, announced the launch of a new car-hailing service, Wakacab in Asaba and Warri Delta State, borne out of the need to expand and improve on the limited transport links in southern Nigeria.
Kwik Delivery startup partners with Total on e-commerce fulfilment and delivery service in Nigeria
Nigerian e-commerce startup Kwik Delivery has partnered with Total Nigeria, to develop an e-commerce fulfilment and delivery service in Nigeria.
Chinese autonomous truck startup Inceptio Technology raises $120m to accelerate volume production
Inceptio Technology, an autonomous truck company, announced a $120 million funding led by Contemporary Amperex Technology, developer and manufacturer of lithium-ion batteries.
Imperial partners with Kenyan logistic startup Lori Systems to expand e-logistics technology solutions across Africa
Imperial, an African and European-focused provider of integrated market access and logistics solutions, announced an investment in and partnership with Lori Systems to expand its cutting-edge e-logistics technology solutions across Africa.
Egyptian last-mile delivery startup dreevo launches operations with pre-seed funding from EF Logistics
Egyptian last-mile delivery focused startup dreevo raised a six figure US dollar in a bootstrap, pre-seed funding round from EF Logistics, a third party logistic services provider, to introduce agile and affordable technological solutions.
Health and wellness hydration startup LARQ raises $10m series A funding for further expansion
LARQ, health and wellness hydration brand, announced a round closure of $10 million in Series A funding to continue its global expansion through 2021 and further develop as a 360-degree hydration brand.
Scrum Ventures launches Food Tech Studio - Bites!
Scrum Ventures announced the launch of Food Tech Studio - Bites!, a global community of stage-agnostic startups who share a common vision of solving key challenges plaguing food supply chain.
Alfa Bank, Plug and Play collaborate on innovation in Fintech
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.
Copenhagen biotech startup Synklino raises seed round to develop breakthrough infection treatment for transplant patients
Synklino ApS, an emerging biotech company developing first-in-class breakthrough treatment to eliminate cytomegalovirus (CMV) infections in the transplant setting announced the successful closing of a seed financing.
Cannabis cultivation software startup Trym closes $3.1m seed round to accelerate growth
Trym, a pioneering cannabis cultivation software company announced the completion of its $3.1 million seed funding round of financing to accelerate growth.
Taiwanese healthtech startup iWEECARE extends $2.4m pre-series A financing to serve global demand for remote patient monitoring
iWEECARE, developer of world's smallest continuous temperature monitoring product, Temp Pal®, raised $2.4 million in extended pre-series A financing to serve global demand for remote patient monitoring.
Robotics solution startup Exotec raises $90m for international expansion of its warehouse automation technology
Exotec, a robotics solution for logistics and creator of the Skypod 3D warehouse robots, announced a $90 million financing round.
Cyber security startup Cerby announces $3.5m seed round to accelerate product development and hiring
Cerby, a stealth cybersecurity company focused on helping enterprises harness Shadow IT, announced a $3.5 million seed round led by Bowery Capital with participation from AV8 Ventures, Global Founders Capital, and the Incubate Fund US.
Swisscom, Ericsson and Qualcomm join forces to find world's most innovative 5G startups
Switzerland's telecommunications and IT company Swisscom is joining forces with Ericsson and Qualcomm CDMA Technologies GmbH to identify the world's most innovative startups and research teams working on 5G applications.
AltoIRA enables individuals invest in startups using IRAs
AltoIRA, a technology platform that simplifies and streamlines the process for investors to add alternative assets to their IRAs announced a new partnership with Republic, a leading investment platform for startups.
Cannon Quality announces new compliance essentials for startups program
Cannon Quality Group (CQG) announced a new medtech quality management program designed to help startups set the foundation for a quality management system (QMS) compliant to FDA QSR and ISO 13485 requirements.
Mastercard announces Fintech Express to empower Middle East and Africa fintechs to launch and expand rapidly
Mastercard has launched Fintech Express in the Middle East and Africa (MEA), a program designed to facilitate emerging fintechs’ launch and expansion.
EasySend raises $16m to enable insurance companies and financial institutions to build a no-code digital future
EasySend, the no-code AI-powered platform transforming manual processes into digital journeys, announced it has raised $16 million in funding following the completion of an $11 million Series A round led by Hanaco with participation from Intel Capital.
Insurtech startup cogniSure launches AI platform for commercial loss run automation with 9 pilot customers
The insurance industry spends a significant amount of manual effort, time and money analyzing PDF and Excel loss runs that are in nonstandard, carrier-specific, unstructured document formats.
Peterson Ventures announces $65m in fresh capital to invest in early stage consumer and SaaS startups
Peterson Ventures, a founder-first seed stage venture fund, announced that it has raised $65 million in fresh capital.
[Startup Interview] Myron Leskiv, CEO, Atama.AI, Netherlands
Atama A.I is a Netherlands startup that develops Artificial Intelligence-based trading algorithms for financial markets informed by years of research and development. It uses over 170 technical indicators and trained and back-tested millions of times to predict where the markets will go.
Neighbor attracts top tech talent to usher in new wave of growth for Silicon Slopes startup
Neighbor, the self-storage marketplace disruptor, has added three strategic hires to its executive team to fuel a new wave of growth for the Andreesesen Horowitz-funded startup, which has grown 5X in 2020.
Legendary Ventures invests in Elon Musk's SpaceX
Legendary Ventures announced an investment in Space Exploration Technologies Corp. (SpaceX) through its Series N funding round.
London-based startup TopTip plans to give half its shares to its users
London-based startup Useful Interruptions, owner of the TopTip recommendations app, announced the launch of its Founders Club programme that aims to give half the shares in the company to users of TopTip.
Finish startup ICEYE raises $87m to accelerate growth of its SAR satellite constellation
ICEYE, a SAR data provider, announced the closing of a larger than planned $87 million Series C funding, led by return investor True Ventures, with a significant additional investment by OTB Ventures.
Finch secures $1.8m to launch all-in-one checking and investing account for millennials
Finch, a New York based fintech startup that integrates the benefits of investing and the flexibility of checking into an all-in-one account has raised $1.8 million in seed funding to launch its platform and help transform how people manage their money.
Neurostimulation startup Salvia BioElectronics raises €26m to develop innovative therapy for chronic migraine
Salvia BioElectronics B.V., a neurostimulation platform company targeting chronic migraine, has raised €26 million in new financing from new and existing investors.
Amsterdam based startup Zeta Alpha launches AI platform to help experts navigate new research
Amsterdam based startup Zeta Alpha is launching AI Research Navigator, a new deep learning-based search platform, to help AI experts navigate new research.
[Startup Interview] Marthinus Coetzee, CEO, iPTT Africa, South Africa
Iptt africa (pty) Limited, a South African telecommunications startup, solves the communication problems faced by many businesses and organizations in Africa through its italkptt platform that allows businesses to communicate from anywhere in Africa to anywhere in the world. The CEO Marthinus Coetzee elaborates.
ARM launches API service for fintech startups in Nigeria
Nigeria's financial services provider ARM launched ARM Sandbox, a new and more efficient way for fintechs to scale their integration and customer acquisition plans.
Online sales program startup Virtanza closes $1m in private investment funding round
Sales2Job Academy, DBA Virtanza, an Orange County-based company that offers higher education a scalable sales training solution directly connected to employers, announced it has raised seed round funding totaling $1 million from private investors.
South Korean fntech startup WireBarley raises $10m Series B to strengthen global remittance service capabilities
South Korean fintech startup in global memittance WireBarley has raised $10 million in Series B funding from Magna Investment, Shinsegae I&C and Dt & Investment.
South Korean healthcare startup WellsCare signs in-store contract with b8ta for IASO
WellsCare, a member company of the Born2Global Centre, signed a store contract with b8ta, a famous American flagship store that is dedicated to innovative products.
Harvard-incubated startup MarqVision launches AI-powered platform to protect brands from counterfeits
MarqVision, an AI-based SaaS company, launched its brand protection platform that helps brands effortlessly detect and remove counterfeits on online marketplaces.
[Startup Interview] Jason Gras, Emile Fulcheri, Stima, Kenya
Stima is a Kenya-based startup that operates a smart service swap stations providing charging services to enable moto-taxi riders to switch to electric motorcycles.
German urban farming startup Infarm raises $170m to grow urban vertical farming network in the world
Infarm, German urban farming network announced $170 million investment raised in the first close of a Series C funding round expected to reach $200 million.
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.
Plug and Play selects 147 startups for its winter 2020 batches
Plug and Play announced the selection of 147 new startups into its winter 2020 batches. The startups were selected to join one of the following programs that will run through November 2020.
Imagine Impact closes Series A financing with Benchmark
Imagine Impact, the content accelerator and online marketplace startup founded by Academy Award-winning duo Brian Grazer and Ron Howard, announced the close of its Series A financing round led by Benchmark, a Silicon Valley Venture Capital firm.
Fintech startup KodyPay raises £1.8m to transform payments industry
London based fintech startup KodyPay, raised £1.8 million to transform the payments industry, allowing users to pay for goods in-store without queueing thereby making shopping a prompt and effortless process.
Cellular agriculture startup Wildtype launches salmon in sushi restaurants
Cellular agriculture startup Wildtype has unveiled its latest cell-based salmon. This version is "sushi-grade" and crafted with the sushi industry's favorite raw salmon applications in mind.
SEMrush acquires Poland's SaaS PR tech startup Prowly
SEMrush, an online visibility management and content marketing SaaS platform, has further expanded its ecosystem with the acquisition of a 100% stake in Poland's public relations SaaS startup Prowly.com.
Trust Payments partners with messaging and e-commerce startup Wakanda Messenger to empower Africans around the world
Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies, has partnered with social network, messaging and e-commerce startup Wakanda Messenger.
Hetz Ventures closes on $77m for oversubscribed second fund to invest in B2B enterprise tech
Hetz Ventures, a leading venture capital fund for early-stage investments, announced the close of its second flagship fund, oversubscribed at $77 million.
Flagstar Bank now accepting applications for MortgageTech Accelerator Program
Flagstar Bank and the Fintech Consortium are accepting applications for the Flagstar MortgageTech Accelerator Program now through Sept. 30.
Wix announces Wix Capital, internal venture arm to invest in global startups
Wix.com, the global leader in website creation, announced its own venture capital initiative, Wix Capital, to invest in technology innovators that are focused on the future of the web.
Nigerian e-commerce startup Kwik Delivery releases WooCommerce plugin, enabling 2-hour deliveries for online merchants
Nigerian e-commerce startup Kwik Delivery released a WooCommerce plugin, enabling thousands of Nigerian online merchants to integrate seamlessly its delivery service to their WordPress online stores.
Medical device startup Spine Align raises $1.75m Series Seed Round to reach FDA clearance
Spine Align, a medical device company developing a portfolio of products that enable spine surgeons to measure, visualize, and adjust patients' spinal alignment during surgery, closed a $1.75M Series Seed round.
Virtual reality startup Nanome partners with Fujitsu to bring drug design software to Japanese market
San Diego-based virtual reality (VR) startup Nanome, has entered into an agreement with Fujitsu to bring their signature product, an immersive scientific design and collaboration platform to the Japanese market.
Kenyan tech startup Xetova shortlisted for MIT 2020 health security & pandemics track
Kenyan technology startup, xetova, has been named 2020 Global Solve finalist by Massachusetts Institute of Technology (MIT) in the health security and pandemics track.
AI-based startup SafeRide expands into Germany to support, accelerate growing business in Europe
SafeRide Technologies, a leading provider of AI-based vehicle health management, data analytics, and cybersecurity solutions for connected and autonomous vehicles, announced the opening of a new office in Germany.
IME Medical Electrospinning secures €3m financing from Dutch VCs to expand its Medispin XL production platform
IME Medical Electrospinning, a global leader in electrospun medical devices and regenerative medicine, announced it has successfully raised €3 million in equity financing and debt.
Danish drone startup QuadSAT raises €2m to accelerate product testing
QuadSAT, a Danish company that is revolutionising test and measurement of satellite antennas, announced it has closed a €2 million Pre-Series A Investment, the largest venture investment in a Danish drone tech company in history.
Spain's Banco Santander spins out fintech venture capital arm, doubles allocated funds to $400m
Banco Santander announced the launch of Mouro Capital, a new, autonomously managed venture capital fund focused on fintechs and adjacent businesses linked with the financial services industry.
Zurich-based turicode closes €2m seed investments round for growth plans
turicode, a successful Software-as-a-Service provider in the field of document processing solutions based on machine learning and deep learning raised €2 million seed investments to fund the company’s growth plans.
UK's curated audio platform for journalism Curio closes $9m Series A funding for international expansion
Curio, the premium audio platform with a curated library of expert journalism, closed a $9 million Series A round led by Earlybird. Draper Esprit, Cherry Ventures, and Horizons Ventures also took part in the investment.
Belgian startup InviteDesk raises €500K to expand its event marketing software
InviteDesk, developer of event marketing software, has increased its capital by more than €500 thousand. With InviteDesk, companies increase their return on investment (ROI) from event marketing.
Belgian scale-up Oncomfort raises €10m in Series A funding
Oncomfort, the Belgian inventor of and leader in Digital SedationTM a method for relieving patients' pain and anxiety without medication announced the completion of a €10 million Series A funding round.
PopSQL raises $3.4m to help teams collaborate using data
PopSQL, the collaborative SQL editor for teams announced $3.4 million in seed funding, led by Gradient Ventures, Google's AI-focused venture fund.
Pcysys announces $25m Series B funding round led by Insight Partners
Cybersecurity Validation company, Pcysys, announced it has completed a $25 million Series B funding round led by US-based venture capital and private equity firm Insight Partners.
SaaS Ventures announces launch of second fund, raises $20m in first close
SaaS Ventures, a Maryland-based venture capital firm focused on investing in early stage enterprise technology companies in secondary markets throughout the U.S. and Canada, has announced the launch of a second fund (Fund II).
Early investors in 4IR startups set to reap rewards
Early investors in startups with exposure to the fourth industrial revolution (4IR) are benefiting from significant revenue growth despite the physical constraints introduced by governments’ responses to the Covid-19 pandemic.
Fintech startup Thunes raises $60m in Series B funding to accelerate global growth
Fintech startup Thunes, which operates a global B2B cross-border payments network, continues to attract investment as emerging markets take off.
Smart consumer technology startup Dreame raises $14.6m in Series B+ funding
Dreame Technology (Dreame), a smart consumer technology company specializing in cordless vacuum cleaners, robot vacuum cleaners and mops, announced it raised $14.6 million in its Series B+ funding led by IDG Capital.
Paul Lamontagne steps down as CEO of FinDev Canada
Following close to three years as the first CEO of Findev Canada, Paul Lamontagne has announced that he is stepping down effective September 11, 2020.
Software development startup Zymr expands footprint in India, opens new development center in Bengaluru
Zymr, a full-stack cloud-native software development company headquartered in California announced the establishment of a third development center in Bengaluru, India, to respond to an increasing customer demand despite COVID slowdown.
SafeButler, Liberty Mutual partner to offer instant renters insurance
YCombinator funded startup SafeButler has partnered with Liberty Mutual, an insurance industry leader for over 100 years, to provide instant access to a comprehensive renters insurance plan at a very low rate.
StartUp Namibia launches Round 2 of COVID 19 Startup Grant
In order to support more startups and young enterprises, StartUp Namibia and its partners announced Round 2 of the COVID-19 Startup Grant, called “Startup Survival Grant”.
Demodesk raises $8m to scale world’s first intelligent online sales meeting software
Demodesk has raised $8 million in the latest Series A funding round, led by Balderton Capital with participation from Target Global, to scale the platform that has revolutionized screen-sharing for great customer conversation.
BorgWarner expands collaboration with startup ecosystem Plug and Play
BorgWarner announced its next venture with Plug and Play, a global innovation platform and accelerator ecosystem for startup companies, by becoming a partner of its newly planned incubator location in Detroit.
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.
e-commerce startup Pharmapacks closes $40m bridge round financing
Pharmapacks, a leading e-commerce enablement platform and retail seller for brands across major ecommerce marketplaces announced the closing of a $40 million bridge round financing.
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.
Fielding Norton joins advisory board of InsureTech startup Pricing Platform
Pricing Platform, an InsureTech startup that integrates Property & Casualty underwriting, pricing, and portfolio analytics in a cloud-based platform announced Fielding "Fid" Norton has joined as founding advisor and Chair of the advisory board.
Digital Horizon invests in Nigerian health startup Healthlane
Digital Horizon venture fund has invested in Y Combinator alumnus Healthlane, the startup focusing on modern, online consultations for local and remote patients, alongside traditional face-to-face public health services across Africa.
Chromologics raises €1.9m seed round to accelerate development of fermentation-derived next generation food colorants
Chromologics, which is developing innovative natural food colorants, announced it has raised €1.9 million in seed financing led by Novo Seeds and supported by Nordic FoodTech VC and Vækstfonden.
Paris-based startup Klassroom raises $3m to expand from France to other countries including the U.S.
Klassroom, the Paris-based company that reinvents parent-teacher communication in pre-kindergarten and all elementary school grades, raised a $3 million seed round led by Bpifrance.
LimaCharlie receives $500K seed funding to accelerate growth of security infrastructure as a Service
LimaCharlie, the market leader for delivering Information Security Infrastructure as a Service (SIaaS), has secured seed $500K funding from Lytical Ventures to accelerate growth and support its continued success.
E-mobility startup Bolt launches electric bikes in Paris
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.
TIER Mobility gears up for UK launch, hires two industry top figures
TIER Mobility, a European provider of micro-mobility solutions has hired two senior figures in the ride-sharing and e-mobility sector as it gears up for its UK launch - Fred Jones as General Manager U.K., and Benjamin Bell as Head of Public Policy for Northern Europe.
Ziticity raises €2.2 million seed investment for Europe expansion
Lithuanian logistics platform Ziticity has closed a €2.2 million seed equity investment round led by NordicNinja VC in participation with Superhero Capital VC, Practica Capital, Superangel VC, Startup Wise Guys and business angel Maksim Golivkin.
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