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Published: 06-04-2018 16:44:00 | By: Nico Scherphuis | hits: 3781665 | Tags:

Aramco expands global venture capital programme with $4 billion funds injection
Published: 19-04-2024 | 17:13:42 | By: Bob Koigi
It will take Aramco's overall venture capital allocation to $7.5bn, which also includes the $500 million venture capital fund Wa'ed Ventures that focuses on the start-up ecosystem in the Kingdom of Saudi Arabia.










The Batchery unveils its17th batch of innovative startups
Published: 26-10-2023 | 14:30:00 | By: Pie Kamau




Relocalize raises $2.5m seed round to decarbonize food & beverage manufacturing
Published: 10-10-2023 | 11:41:00 | By: Pie Kamau
Relocalize has raised $2.5m in the initial closing of $3.5m seed round.


STHL East Africa bets on demand for power tools to grow revenues
Published: 29-09-2023 | 13:30:00 | By: Bob Koigi
German power tools manufacturer, STIHL East Africa, has reported a significant increase in revenue in its first year of operation since upgrading its marketing office to a fully-fledged sales subsidiary.


UnitX raises $5m to elevate manufacturing quality with AI-powered defect detection
Published: 28-09-2023 | 15:20:00 | By: Pie Kamau
UnitX has announced a $5m investment from SE Ventures.


Hexagon announces nine startups set to transform manufacturing sustainability and digital reality
Published: 25-09-2023 | 14:49:00 | By: Pie Kamau
Hexagon has announced the nine startups chosen for its third Sixth Sense cohort.


STIHL East Africa set to introduce battered powered products
Published: 01-09-2023 | 14:00:00 | By: Bob Koigi
STIHL East Africa has announced plans to introduce battery powered products in the East African Market as the firm celebrates its one year anniversary in the region. 


SynBio startup Enzymit announces breakthrough in cell-free hyaluronic acid production
Published: 03-08-2023 | 14:03:00 | By: Pie Kamau
Enzymit announced its success in synthetically producing hyaluronic acid (HA).


Hexagon calls for startups to apply for its third Sixth Sense cohort
Published: 14-06-2023 | 15:50:00 | By: Pie Kamau
Hexagon's Manufacturing Intelligence division has announced a call for startups to apply for its third Sixth Sense cohort.


Woflow acquires European startup XtremeAI to expand reach bolster AI capabilities
Published: 05-06-2023 | 15:08:00 | By: Pie Kamau
Woflow, the data infrastructure company, announced the acquisition of XtremeAI


Figure announces $70m Series A to support commercialization of Figure 01 humanoid robot
Published: 31-05-2023 | 11:47:00 | By: Pie Kamau
Figure, an AI Robotics company, announced its $70 million Series A funding round


46VC invests in Exum Instruments' Series A funding round
Published: 31-05-2023 | 11:08:00 | By: Pie Kamau
FortySix Venture Capital (46VC), announced its strategic investment in Exum Instruments' Series A funding round.


How payment technology is changing the rulebook on South African retail
Published: 31-05-2023 | 10:48:00 | By: Pie Kamau
The past few years have seen the proliferation of new methods of transacting.


Plenitude, Energica partner to provide innovative solutions for electric mobility
Published: 31-05-2023 | 10:19:00 | By: Pie Kamau
Plenitude (Eni) and Energica have partnered to develop new cutting-edge projects.


Dental marketplace Wellplaece launches with $5.5m seed round
Published: 31-05-2023 | 10:05:00 | By: Pie Kamau
Dental marketplace Wellplaece announced the company's Private Beta launch.


5 UK cities leading the way in sustainable transport, Plug and Play
Published: 30-05-2023 | 10:16:00 | By: Pie Kamau
The need for transportation systems that prioritize environmental sustainability has gained significant momentum.


Satgana invests in pre-seed round of French electric bike startup Loewi
Published: 30-05-2023 | 09:43:00 | By: Pie Kamau
Satgana has invested in the pre-seed round of Paris-based electric bike startup Loewi.


Adonis raises $17.3m to transform revenue outcomes for healthcare providers across the U.S.
Published: 30-05-2023 | 09:16:00 | By: Pie Kamau
Adonis announced it has raised $17.3 million in Series A financing.


[Column] Mukesh Bector: A simple place to start if you’re lagging on digital transformation
Published: 30-05-2023 | 08:59:00 | By: Pie Kamau
Digital transformation: we’ve all heard the phrase a thousand times.


Nigeria's regtech startup Youverify launches its full cycle compliance solutions in Kenya
Published: 30-05-2023 | 08:47:00 | By: Pie Kamau
Youverify has officially entered the Kenyan market. 


6 smart ways finance leaders are cutting business costs in 2023, Sastrify
Published: 29-05-2023 | 14:39:00 | By: Pie Kamau
It has long been a common practice for companies to make reactive cost cuts.


Genetica raises $500k seed round to make cannabis shopping smarter with AI
Published: 29-05-2023 | 14:04:00 | By: Pie Kamau
Genetica, an AI cannabis retail platform, announced the close of its seed round.


[Column] Joanne Mwangi – Yelbert: Entice more women in tech to bridge skills gap and bolster growth
Published: 29-05-2023 | 13:50:00 | By: Pie Kamau
Incredible improvements in tech are rapidly reshaping our world.


Startups flock to too-big-fo-fail banks, Kruze Consulting
Published: 29-05-2023 | 13:20:00 | By: Pie Kamau
Based on data from 160+ venture fund startups and more than $2 billion in cash, startups have been flocking to the major banks


Parking solution startup Bootstrapped launches proprietary app to empower property owners
Published: 29-05-2023 | 13:06:00 | By: Pie Kamau
Innovative parking solution startup Xtraspots has been quietly gathering momentum.


Wicked Kitchen acquires Current Foods to lead the way in plant-based industry transformation
Published: 26-05-2023 | 12:05:00 | By: Pie Kamau
Wicked Kitchen announced the acquisition of Current Foods.


G.O.A.T. Fuel closes $5m seed round to accelerate growth trajectory
Published: 26-05-2023 | 11:44:00 | By: Pie Kamau
G.O.A.T. Fuel announced the successful closing on its initial Series Seed round of financing.


Alpine Space Ventures secures €60m to support the growing commercial NewSpace ecosystem
Published: 26-05-2023 | 11:06:00 | By: Pie Kamau
The EIF is committing €60m in equity to Alpine Space Ventures.


Travel insurtech startup Faye lands $10m Series A funding
Published: 26-05-2023 | 10:48:00 | By: Pie Kamau
Travel insurance startup Faye, announced it has raised $10 million in Series A funding.


Pluton Biosciences raises $16.5m Series A funding to fight climate change
Published: 26-05-2023 | 10:31:00 | By: Pie Kamau
Pluton Biosciences announced the close of a $16.5 million Series A funding round.


boombox.io raises $7m to build out creator platform for music makers
Published: 25-05-2023 | 15:25:00 | By: Pie Kamau
boombox.io.io, a collaboration platform for music makers, announced it has closed $7 million of seed capital.


Startup CEO salaries decline to 2019 levels, Kruze Consulting
Published: 25-05-2023 | 14:46:00 | By: Pie Kamau
Kruze Consulting has released new data on startup CEO salaries.


Austrian SaaS startup Shopstory scores million-dollar investment to accelerate growth
Published: 25-05-2023 | 14:31:00 | By: Pie Kamau
Austrian SaaS startup Shopstory has scored another million-dollar investment.


Volition raises $11m to scale the world's largest industrial parts marketplace
Published: 25-05-2023 | 13:35:00 | By: Pie Kamau
Volition has announced an $11 million seed round led by Newark Venture Partners.


Leveraging proptech for urban design that promotes sustainable transport, Plug and Play
Published: 23-05-2023 | 14:17:00 | By: Pie Kamau
Proptech is becoming a part of a transformational movement in transportation.


Stark Raving launches growth marketing solution for life science startups looking to scale faster
Published: 23-05-2023 | 13:57:00 | By: Pie Kamau
Stark Raving announced the launch of a suite of growth marketing solutions.


CoinsPaid sees potential in Estonian market, ready to drive innovation in startup ecosystem
Published: 23-05-2023 | 13:35:00 | By: Pie Kamau
CoinsPaid continues to develop and places emphasis on the potential of Estonia.


FlowX.AI raises $35m to transform application modernization at large banks
Published: 23-05-2023 | 11:29:00 | By: Pie Kamau
FlowX.AI announced it has raised a $35 million Series A funding round.


Israeli fintech startup Firmbase emerges from stealth with $12m funding
Published: 23-05-2023 | 10:18:00 | By: Pie Kamau
Firmbase, an Israeli finance tech startup has emerged from stealth with $12m funding.


Surgical visualization startup ClearCam closes $4m Series 3 seed funding round
Published: 18-05-2023 | 16:10:00 | By: Pie Kamau
ClearCam announced the closing of $4 million in seed round funding.


Planera raises $5.4m seed funding to transform the construction industry
Published: 18-05-2023 | 15:21:00 | By: Pie Kamau
Planera has raised $5.4m seed funding to transform the construction industry.


Climate tech startup Amini raises $2m to solve environmental data scarcity for Africa
Published: 18-05-2023 | 14:51:00 | By: Pie Kamau
Amini, Corp. has raised $2 million in pre-seed funding in an oversubscribed round.


Absa acquires minority stake in South African agritech startup Khula!
Published: 18-05-2023 | 14:33:00 | By: Pie Kamau
Absa Bank has acquired a minority stake in South African agritech startup, Khula! 


UK biotech startup Resurrect Bio completes seed investment round to develop disease resistant crops
Published: 17-05-2023 | 13:27:00 | By: Pie Kamau
Resurrect Bio, a biotechnology startup which is on a mission to revolutionize the agricultural industry by giving crops the genetic tools to defend themselves against disease, has completed its seed investment round, totaling at £1.61 million.


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.


7 in 10 UK tech workers consider hybrid working a key factor when considering a future employer, report
Published: 17-05-2023 | 12:47:00 | By: Pie Kamau
Techspace has released The Scaleup Culture Report, a national report diving into the current state of workplace culture across the UK tech industry.


Amsterdam-based cyber fraud startup ThreatFabric closes €11.5m seed round to accelerate growth
Published: 17-05-2023 | 11:47:00 | By: Pie Kamau
ThreatFabric, the provider of fraud detection solutions & intelligence for the financial services sector, has raised €11.5 million in a seed round to expand its technical capabilities and support the company’s growth.


Nigerian cold-chain startup Gricd rebrands as Figorr, secures $1.5m seed funding to support data-driven insurance for perishable goods in Africa
Published: 17-05-2023 | 11:27:00 | By: Pie Kamau
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.


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.


VOSMOS introduces DIY Virtual Events platform for user-created, customized virtual events
Published: 16-05-2023 | 12:33:00 | By: Pie Kamau
VOSMOS, a tech startup that specializes in Metaverse and virtual experiences, has launched VOSMOS.Events, a DIY or user-created virtual events platform.


Start-Up Nation Central collaborates with Microsoft to promote Israeli agri-food tech startups
Published: 16-05-2023 | 12:08:00 | By: Pie Kamau
Start-Up Nation Central has collaborated with Microsoft to promote Israeli agri-food tech startups in the international marketplace.


The Futurelist launches to connect Africa's tech startups to global investors
Published: 16-05-2023 | 11:37:00 | By: Pie Kamau
African Leadership International (ALI), has obtained the rights to the 'Global Finder' platform for tech startups from Israel-based Start-Up Nation Central (SNC).


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.


STIHL EA to invest Sh100 million to boost local manufacturing
Published: 16-05-2023 | 08:00:00 | By: Bob Koigi
Power tools manufacturer STIHL East Africa has announced it will invest Sh100 million in local accessories manufacturing every year as it seeks to localise its product development in the region.


Arieli Capital, Slovenia government launch second cohort of Slovenia-Israel Accelerator program
Published: 12-05-2023 | 14:13:00 | By: Pie Kamau
Arieli Capital and the Slovenia government have joined forces to launch the second cohort of the Slovenia-Israel Accelerator program.


UK-based SaaS startup Fundpath secures £4m funding round with Fuel Ventures
Published: 12-05-2023 | 13:51:00 | By: Pie Kamau
Fundpath, the data and technology business bridging the information disconnect between asset managers and wealth managers, announced the completion of a £4m late seed funding round with Fuel Ventures.


[Column] Malik Shaffy Lizinde: Unlocking the potential of AI-from fear to excitement
Published: 12-05-2023 | 13:26:00 | By: Pie Kamau
AI is becoming a significant part of our lives, and there's a growing concern that it will replace human jobs, leading to unemployment.


South African healthtech startup Quro Medical raises $1.3m funding from Mineworkers
Published: 12-05-2023 | 13:12:00 | By: Pie Kamau
Quro Medical, the South African e-health startup has received a $1.3 million investment from leading investment firm the Mineworkers Investment Company (MIC).


German startup Wingcopter secures €40 to scale up electric delivery drones and logistics services
Published: 11-05-2023 | 15:13:00 | By: Pie Kamau
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.


Spacetech startup EnduroSat secures $10m Series A funding to streamline satellite data
Published: 11-05-2023 | 14:58:00 | By: Pie Kamau
Spacetech startup EnduroSat, has raised $10m Series A funding, led by the EU investment firm CEECAT Capital, focused on the high growth markets of CEE Europe.


South African healthtech startup Guidepost unveils chatbot for diabetic patients
Published: 11-05-2023 | 14:20:00 | By: Pie Kamau
South African healthtech startup Guidepost has unveiled an AI-powered chatbot to help citizens living with diabetes better manage their condition.


Kenya's B2B e-Commerce startup Wasoko expands to Zambia
Published: 11-05-2023 | 14:10:00 | By: Pie Kamau
Wasoko has revealed plans to invest over $1 million in Zambia. The B2B retail and e-Commerce made this announcement while announcing its official entry into the Southern African country. 


Catalyst Funds closes its fourth Fund to support next-gen entrepreneurs and innovators in Israel
Published: 11-05-2023 | 14:04:00 | By: Pie Kamau
Catalyst Funds announced the closing of its fourth Fund – Catalyst IV, that will manage assets of $150 million. The new fund will invest in growth companies in various sectors.


Milan-based fintech startup Viceversa closes €10m Series A funding round to accelerate growth
Published: 10-05-2023 | 15:57:00 | By: Pie Kamau
Viceversa, the Milan-based fintech startup that introduced revenue-based financing to Italy to support the growth of digital companies, announced the closing of €10 million Series A financing round.


Aegis Ventures, Northwell Holdings launch healthtech startup Optain to detect and prevent early stage diseases
Published: 10-05-2023 | 15:35:00 | By: Pie Kamau
Ascertain, a revolutionary collaboration between Aegis Ventures and Northwell Holdings, announced a seed funding round to launch Optain, an artificial intelligence company.


IDC Ventures appoints Jaclyn Baumgarten as Managing Partner to spearhead US expansion
Published: 10-05-2023 | 15:20:00 | By: Pie Kamau
IDC Ventures (IDCV), announced the appointment of Jaclyn Baumgarten as a Miami-based Managing Partner and the head of its US operations.


Dairy Runway program launches to provide education and support for early-stage dairy innovators
Published: 10-05-2023 | 15:09:00 | By: Pie Kamau
Cornell University's Center for Regional Economic Advancement (CREA) and the Northeast Dairy Foods Research Center have launched the Dairy Runway program, an entrepreneurship curriculum for dairy innovators.


Tech Seoul partners with Starta Ventures to expand global outreach for Korean startups
Published: 10-05-2023 | 14:45:00 | By: Pie Kamau
Tech Seoul, an online English news platform, announced it has signed a partnership agreement with Starta Ventures, a mid-sized venture capital firm based in New York, to support the global expansion of Korean startups.


How automotive solutions will create sustainable urban living, Plug and Play
Published: 09-05-2023 | 15:37:00 | By: Pie Kamau
Automotive solutions play a critical role in creating sustainable cities, particularly in regard to real estate, urban planning, IoT, AI, and smarter cities in general.


GC Ventures invests in UK-based startup Interface Polymers to enhance plastics recyclability
Published: 09-05-2023 | 15:16:00 | By: Pie Kamau
GC Ventures (GCV), a subsidiary of PTT Global Chemical PLC (GC), is investing in the British company Interface Polymers Ltd. This investment opens new horizons for GC Group, enabling more efficient and sustainable plastic recycling.


How to make your SaaS company grow, Product Fruits
Published: 09-05-2023 | 14:40:00 | By: Pie Kamau
SaaS (Software-as-a-Service) is the most agile and fastest-growing form of the software industry. Here are the best SaaS practices to help your business grow.


Hilversum-based software platform Instruqt raises €15m to help companies improve product demos, trainings
Published: 09-05-2023 | 13:28:00 | By: Pie Kamau
Instruqt, the product-led growth platform that transforms the way tech professionals learn new technologies with interactive product experiences, announced it has raised €15 million Series A funding.


Innovate UK launches £100m AI Fund for UK business
Published: 09-05-2023 | 13:03:00 | By: Pie Kamau
Innovate UK, the UK’s national innovation agency, has unveiled BridgeAI, a new programme which aims to drive growth and competitiveness in the UK economy through the adoption of artificial intelligence (AI) and machine learning (ML). 


Five tech startups join Northwestern Mutual Black Founder Accelerator program
Published: 05-05-2023 | 16:51:00 | By: Pie Kamau
Northwestern Mutual, in partnership with gener8tor, announced the addition of five promising tech startups to its innovative Black Founder Accelerator program.


Fintech startup Setscale launches out of stealth with ~ $80m equity and debt raise
Published: 05-05-2023 | 16:33:00 | By: Pie Kamau
Setscale, a fintech startup revolutionizing purchase order financing for SMBs, announced it has raised a $9.5 million seed funding round, as well as secured up to $70 million in debt.


AAM invests in EnerTech's Global Strategic Mobility Fund to advance automotive technologies
Published: 05-05-2023 | 16:13:00 | By: Pie Kamau
American Axle & Manufacturing (AAM), a pioneer in driveline and metal forming technology, announced a $10 million investment in the Global Strategic Mobility Fund (GSMF), a venture capital fund managed by EnerTech Capital.


Claret Capital Partners launches €72m Opportunity Fund to support its performing portfolio companies
Published: 04-05-2023 | 13:15:00 | By: Pie Kamau
Claret Capital Partners, the London-based Pan-European growth capital adviser, announced the launch of its first Opportunity Fund, the Claret European Growth Opportunities Annex Fund I, with a total size of €72 million.


Nigerian payments startup Nomba raises $30m pre-Series B funding round
Published: 04-05-2023 | 13:05:00 | By: Pie Kamau
Nigerian payment service provider Nomba has raised a $30 million pre-Series B funding round to support the delivery of bespoke payment solutions for African businesses.


Oncology Ventures invests in next-gen cancer startups for affordable, efficient and accessible cancer care
Published: 04-05-2023 | 12:53:00 | By: Pie Kamau
Oncology Ventures, the trusted partner for early stage cancer startups, has announced its investment in the next generation of cancer startups.


Danish startups pursue US expansion opportunities through TMC Biobridge
Published: 04-05-2023 | 12:39:00 | By: Pie Kamau
Texas Medical Center (TMC) and the BioInnovation Institute (BII) announced that three startups from BII will join a customized accelerator program tailored for helping startups build their US go-to-market strategy.


Denmark-based soil carbon startup Agreena raises €46m to scale the regenerative revolution
Published: 04-05-2023 | 10:17:00 | By: Pie Kamau
Denmark-based climate and fintech startup Agreena, whose soil carbon platform is one of the largest globally, announced its Series B raise of €46 million.


Transforming public health solutions via AI revolutions, Plug and Play
Published: 03-05-2023 | 10:31:00 | By: Pie Kamau
Public health has traditionally been understood as a mission-driven industry that could not be profitable but, rather, one that utilizes a non-profit structure.


OtherLeft Ventures launches healthcare-focused venture studio in Nashville, TN
Published: 03-05-2023 | 10:16:00 | By: Pie Kamau
OtherLeft Ventures announced the launch of its healthcare-focused venture studio in Nashville, Tennessee (TN).


[Column] Oluwatobi Amusan: Financial inclusion in Africa with embedded trade finance
Published: 03-05-2023 | 10:03:00 | By: Pie Kamau
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.


Atlanta-based startup Makeswift raises $3m to help marketers build enterprise-class, composable websites
Published: 03-05-2023 | 09:45:00 | By: Pie Kamau
Makeswift, the visual builder for Next.js websites, announced it has raised $3 million to empower marketers to build and manage powerful websites without engineering intervention.


Africa’s mezzanine debt fund manager Vantage Capital exits Dynamic Bedding
Published: 03-05-2023 | 09:12:00 | By: Pie Kamau
Vantage Capital, Africa’s mezzanine debt fund manager, announced it has fully exited its investment in Dynamic Bedding, a South African specialist bed manufacturer and retailer.


Fintech startup Pyypl rolls out social, micro-investment platform for African entrepreneurs and micro-SMEs
Published: 03-05-2023 | 08:52:00 | By: Pie Kamau
Fintech startup Pyypl has announced the commercial rollout of its social, micro-investment platform for self-employed entrepreneurs and micro-SMEs in Africa.


Swedish sodium-ion battery developer Altris secures €4.8m funding, appoints new CEO and CFO
Published: 02-05-2023 | 12:17:00 | By: Pie Kamau
Altris, the Swedish sodium-ion battery developer, has secured €4.8 million of bridge financing from its current owners and appointed Björn Mårlid as its new CEO and Christer Bergquist as new CFO.


Early stage VC firm True Ventures creates practical framework to help startups decarbonize
Published: 02-05-2023 | 11:43:00 | By: Pie Kamau
True Ventures announced the launch of the True Climate Action Guide to help its portfolio founders and companies across the technology ecosystem reduce carbon emissions.


African blockchain startups raised $474m in 2022, report
Published: 02-05-2023 | 11:29:00 | By: Pie Kamau
The growth of the African crypto market has been remarkable in spite of the ongoing crunch the industry is experiencing globally.


How two teenagers harnessed the power of TikTok to build a million dollar golf brand
Published: 02-05-2023 | 11:24:00 | By: Pie Kamau
Less than eighteen months ago, Golf Daddy Co-founders, Daniel Puumalanien and Paul Boranian were working at a fashion-tech startup when the idea to launch a golf training aid became a reality.


JetBlue Ventures, Plug and Play partnership yield successful outcome in travel and hospitality industry
Published: 02-05-2023 | 11:09:00 | By: Pie Kamau
JetBlue Ventures and Plug and Play Tech Center announced that their partnership has once again been successful in fostering innovation and growth in the travel industry.


Pan-African payments startup PayDay re-launches in Rwanda, partners with Starlink to enable internet access
Published: 02-05-2023 | 10:56:00 | By: Pie Kamau
Pan-African payments startup PayDay has re-launched in Rwanda and announced a partnership that will enable Startlink customers to purchase their subscription services through the platform.


Mitsubishi Electric’s Innovation Fund invests in Israeli cybersecurity startup SCADAfence
Published: 20-04-2023 | 14:17:58 | By: Bob Koigi
SCADAfence provides visibility to networks that support industrial systems and critical infrastructure, in an age where various types of malware, are threatening industrial systems and critical infrastructure, frequently shutting down their control systems and causing serious incidents.


Chinese electric truck startup DeepWay raises $117m Series A+ round to accelerate mass production of smart electric heavy-duty truck
Published: 28-03-2023 | 12:14:00 | By: Pie Kamau
DeepWay, a smart commercial vehicle developer and manufacturer, announced it had raised $117 million Series A+ financing.


Al-Abdullah Group invests $50m in Indian EV startup Kabira Mobility to accelerate growth
Published: 21-03-2023 | 11:42:00 | By: Pie Kamau
Kabira Mobility, a prominent electric bike manufacturer in India renowned for its KM3000 and KM4000 models, announced it has secured a $50 million investment from its strategic investor, Al-Abdulla Group (Qatar).


[Interview] Chris Okoro, CEO, Eunisell Interlinked, Nigeria
Published: 15-03-2023 | 12:14:00 | By: Pie Kamau
Chris Okoro is an entrepreneur and business strategist skilled in the Financial Services and Engineering sector. He's currently the Managing Director and CEO of Eunisell Interlinked, Nigeria.


[Column] Mark Wilson: The ERP and technology trends that will shape 2023
Published: 02-03-2023 | 10:31:00 | By: Pie Kamau
Following a year of disruption caused by Russia’s invasion of Ukraine, supply chain disruptions and record-breaking inflation, we look to the year ahead and what 2023 might have in store for manufacturers and distributors. 


IDTechEx explores nine startups innovating polymer additive manufacturing
Published: 10-02-2023 | 09:02:00 | By: Pie Kamau
Essential to understanding the evolution of the polymer 3D printing industry is exploring the change from low-cost printing technologies and materials to the slow growth and adoption of innovative polymer printing technologies.


Metal 3D printing startup Fabric8Labs closes $50m Series B financing for electrochemical additive manufacturing technology
Published: 08-02-2023 | 10:17:00 | By: Pie Kamau
Fabric8Labs, pioneer of electrochemical additive manufacturing, announced the close of a $50 million Series B investment round led by New Enterprise Associates (NEA).


Israeli startup aiOla raises $25m to interface natural language to AI solutions in traditional manufacturing
Published: 24-01-2023 | 12:13:00 | By: Pie Kamau
Israeli startup aiOla announced it has secured $25 million in funding led by New Era with the participation of Hamilton Lane and other investors.


Former CEO of BMW Manufacturing Knudt Flor joins South Carolina startup Delta Bravo
Published: 20-01-2023 | 08:54:00 | By: Pie Kamau
Retired BMW Manufacturing CEO Knudt Flor has been appointed to the newly created advisory board at predictive analytics company Delta Bravo Artificial Intelligence (Delta Bravo AI).


Nigerian agritech startup Releaf secures $3.3m pre-Series A funding, unveils new technologies to drive profitability for consumer goods manufacturers
Published: 09-01-2023 | 10:21:00 | By: Pie Kamau
Releaf, a Nigerian agritech startup, has raised $3.3 million in an oversubscribed pre-Series A funding round.


Season Group acquires IoT tech startup Pycom to give all connected ideas an opportunity to succeed
Published: 14-12-2022 | 08:59:00 | By: Pie Kamau
Season Group, an international electronics design and manufacturing services provider headquartered in Hong Kong, announced its acquisition of all assets of Pycom, a full stack Internet of Things (IoT) company.


Rosotics raises $750,000 pre-seed round for novel approach to heavy industry 3D printing
Published: 24-11-2022 | 08:49:00 | By: Pie Kamau
Rosotics, innovators in additive manufacturing, announced $750,000 in pre-seed funding led by Draper Associates.


Austrian deep-tech startup Sarcura closes €7m to develop next-generation cell therapy manufacturing platform
Published: 18-11-2022 | 11:53:00 | By: Pie Kamau
Austrian deep-tech startup Sarcura announced the closing of an oversubscribed €7 million Seed Plus funding round to develop a next-generation cell therapy manufacturing platform.


[Forum] Promoting investment flows from South Korea to Vietnam
Published: 31-10-2022 | 10:09:00 | By: Pie Kamau
South Korea has been, is, and will be the leading investor in Vietnam. The two parties can cooperate to achieve "Dual Goals" of US$100 billion in bilateral trade and total investment in the near future.


Japanese startup SUN METALON raises $5.6m funding to democratize metal 3D manufacturing
Published: 25-10-2022 | 13:36:00 | By: Pie Kamau
SUN METALON, a Japanese startup developing a metal 3D printer, announced the procurement of $5.6 million in its pre-series A funding round.


German manufacturer The Stihl Group enters Kenyan market
Published: 11-08-2022 | 12:00:00 | By: Bob Koigi
The subsidiary dubbed Stihl East Africa will be its Eastern Africa hub servicing countries that include Kenya, Uganda, Tanzania, DRC, Rwanda, and Burundi among others.


Kenyan mobile commerce startup Copia unveils manufacturing unit for sugar and rice production
Published: 08-08-2022 | 09:48:39 | By: Pie Kamau
Copia Global, a Kenyan-based mobile commerce platform has unveiled a new manufacturing unit to enhance its output of affordable sugar and rice to the Kenyan market.


London-based startup Geomiq raises $8.5m to digitize manufacturing and deliver industry leading service levels
Published: 28-07-2022 | 11:32:00 | By: Pie Kamau
London-based startup Geomiq announced it has raised $8.5 million funding to digitize global manufacturing and deliver industry leading service levels for Engineers and Procurement teams.


Virginia-based fashion tech startup Circ raises $30m funding to expand recycle clothing, eliminate waste
Published: 19-07-2022 | 14:39:00 | By: Pie Kamau
The circular fashion company Circ announced over $30 million in Series B funding backed by some of the largest international apparel companies and venture capital firms.


Simplifyber secures $3.5m seed investment to reinvent how clothing is made with sustainable, advanced Manufacturing
Published: 06-07-2022 | 13:40:00 | By: Pie Kamau
Simplifyber, the creator of the world's first fully-molded garment and shoe uppers made directly from a cellulose-based liquid, announced the closing of a $3.5 million round of seed funding.


TDK Ventures joins forces with VueReal to accelerate microprinting for microLED
Published: 22-04-2022 | 13:39:00 | By: Pie Kamau
TDK Corporation announced that subsidiary TDK Ventures, has invested in microLED developer VueReal Inc. to accelerate and develop their microprinting manufacturing process.


Canadian tech startup Calico secures $2.1m to revolutionize modern supply chains
Published: 09-03-2022 | 09:50:00 | By: Pie Kamau
Calico, the developer of the first AI-powered smart supply chain management platform, announced it has raised $2 million in seed funding. The growth financing is led by Serena Ventures following 300% growth since January 2022.


Manufacturing technology startup OPT Industries raises $15m to address demand for novel materials design and production
Published: 02-03-2022 | 12:52:00 | By: Pie Kamau
OPT Industries, the manufacturing technology startup behind the InstaSwab high-efficacy medical applicator, announced it has raised $15 million in Series A financing.


London-based Bramble Energy closes £35m to fund its hydrogen fuel cell technology
Published: 14-02-2022 | 10:33:00 | By: Pie Kamau
London-based fuel cell company Bramble Energy has closed a £35 million investment round to help further expand its game changing capabilities in solving key challenges in the production and implementation of hydrogen fuel cell stacks.


Wellington-based metal casting startup Foundry Lab emerges from stealth, raises $8m Series A round
Published: 30-11-2021 | 12:43:00 | By: Pie Kamau
Digital metal casting startup Foundry Lab emerged from stealth, announcing a $8 million Series A raise led by Blackbird and showcasing its ability to create functional metal parts in less than a day.


P&G Ventures invites entries for its next Innovation Challenge
Published: 29-10-2021 | 16:05:09 | By: Pie Kamau
P&G Ventures, the early-stage startup studio within Procter & Gamble, announced the call for entries for its next Innovation Challenge.


JICA kicks off 2nd Cohort of its NINJA Accelerator in Kenya
Published: 28-10-2021 | 16:35:00 | By: Pie Kamau
The NINJA Accelerator in Kenya, powered by Japan International Cooperation Agency (JICA) in partnership with Double Feather Partners, Deloitte Tohmatsu and Kenyan implementation partner GrowthAfrica, is kicking off its 2nd cohort with five tech-enabled Kenyan startups.


Berlin-based startup Made of Air raises €5m seed round to make thermoplastics for Audi, H&M Group and other companies
Published: 08-10-2021 | 13:54:00 | By: Pie Kamau
Made of Air, the carbon negative materials startup that turns wood waste into thermoplastics, announced a €5 million in seed funding, led by Norwegian sustainability-focused family fund.


TDK Ventures invests in seed round for dry lithium-ion electrode manufacturing startup, AM Batteries
Published: 21-09-2021 | 09:45:00 | By: Pie Kamau
TDK Corporation announced that subsidiary TDK Ventures has invested in AM Batteries (AMB) to support the commercialization of its dry electrode coating technology that improves the manufacturing of lithium-ion batteries.


Workwear startup BRUNT raises $8.4m Series A funding to accelerate growth
Published: 15-09-2021 | 15:54:00 | By: Pie Kamau
BRUNT Workwear, a modern work boot and apparel brand designed for today's construction workers and tradespeople, closed an $8.4 million Series A round to accelerate its growth and meet demand as the company disrupts a $12 billion-dollar category in the US.


Ghanaian startup Plendify launches B2B e-Commerce marketplace
Published: 17-08-2021 | 12:29:00 | By: Pie Kamau
Ghanaian startup Plendify has launched a B2B e-Commerce marketplace to connect customers with small and large African wholesalers, manufacturers, exporters, and importers.


Tech executive Mark Bregman launches Quidnet Ventures, a venture capital fund based in New Zealand
Published: 03-08-2021 | 12:41:00 | By: Pie Kamau
Mark Bregman, a successful tech executive and entrepreneur, has launched Quidnet Ventures, a venture capital fund based in New Zealand and operated out of New Zealand, San Francisco and New York City.


Lithium-ion battery recycling and manufacturing startup Battery Resourcers appoints Kelly Kay to its Board of Directors
Published: 28-07-2021 | 15:20:00 | By: Pie Kamau
Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing startup announced the appointment of Kelly Kay to its Board of Directors.


TDK Ventures backs metal additive manufacturing startup, Fabric8Labs
Published: 21-07-2021 | 13:21:00 | By: Pie Kamau
TDK Corporation announced that subsidiary TDK Ventures Inc. will back Fabric8Labs, marking its second investment in the additive manufacturing space and first in metal printing.


Tech startup COSMO Technologies secures funding, announces new product launch
Published: 24-06-2021 | 12:32:00 | By: Pie Kamau
COSMO Technologies, a first-of-its-kind family technology design and manufacturing company, announced the closing of its Pre-Seed funding round.


Cirona Labs startup raises $1.5m in oversubscribed seed round for expansion
Published: 09-06-2021 | 16:30:00 | By: Pie Kamau
Cirona Labs, a premier innovator in cannabinoids and other functional botanical ingredient manufacturing, announced that it closed an oversubscribed $1.5 million seed round led by LiDestri Food & Drink, BevSource, and Sweetener Supply.


Manufacturing AI startup ExLattice joins NVIDIA Inception
Published: 26-05-2021 | 16:30:00 | By: Pie Kamau
ExLattice announced it has joined NVIDIA Inception, a program designed to nurture startups revolutionizing industries with advancements in AI and data sciences.


Chinese AI robotics startup Mech-Mind completes Series C funding
Published: 24-05-2021 | 14:31:35 | By: Pie Kamau
Chinese AI industrial robotics startup, Mech-Mind Robotics (Mech-Mind), completed Series C funding led by tech giant Meituan, bringing Mech-Mind's total funding to over $100 million, making Mech-Mind one of the world's most funded AI+ industrial robotics startups.


University of Michigan's Desai Accelerator invests in four startups to launch 2021 cohort
Published: 19-05-2021 | 10:14:00 | By: Pie Kamau
The Desai Accelerator, a University of Michigan accelerator open to early-stage alumni startups, announced the four companies accepted into its 2021 cohort.


Kenya paint manufacturer Crown Paints announces COVID-19 safety net initiative
Published: 21-04-2021 | 09:00:00 | By: Bob Koigi
A recent study on how Covid-19 had caused an economic toll in nine countries, including Kenya, shows that 45 percent of people were forced to miss or reduce meals.


Phantom Space Corporation startup raises $5m seed funding to revolutionize space transportation
Published: 15-04-2021 | 10:02:00 | By: Pie Kamau
Phantom Space Corporation, a space transportation technology development and manufacturing company, announced the raise of $5 million in seed investment funding to make space commerce commonplace and to lower the barriers to space access.


Lithium-ion battery recycling and manufacturing startup Battery Resourcers raises $20m Series B funding
Published: 12-04-2021 | 13:33:00 | By: Pie Kamau
Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, completed a $20 million Series B equity round.


Digital marketing startup Rollick secures $8.5m in funding
Published: 05-03-2021 | 11:49:00 | By: Pie Kamau
Rollick Inc., which operates the GoRollick Powersports, RV, and Boat Buying Program Marketplace, announced the closing of $8.5 million in funding.


Chevron invests in carbon capture and utilization startup Blue Planet
Published: 15-01-2021 | 11:01:40 | By: Pie Kamau
Chevron Corporation announced a Series C investment in San Jose-based Blue Planet Systems Corporation (Blue Planet), a startup that manufactures and develops carbonate aggregates and carbon capture technology.


New manufacturing startup JTEC Energy announces the close of its initial seed round
Published: 30-11-2020 | 14:33:00 | By: Pie Kamau
New manufacturing startup JTEC Energy announced it closed on an initial seed fundraising round, to hire additional scientists and engineers in order to accelerate the development of the the company.


Dutch tech startup Avy completes successful test flight with first solar fixed-wing drone
Published: 23-10-2020 | 11:46:00 | By: Pie Kamau
Dutch solar drone manufacturer Avy announced a successful test flight of its first solar fixed-wing drone, equipped with custom solar foil developed by Wattlab to reflect and absorb more sunlight.


IRI acquires supply chain analytics provider, RSi
Published: 13-10-2020 | 13:20:23 | By: Bob Koigi
IRI, a global company in innovative solutions and services for consumer, CPG, retail and media companies, has acquired Retail Solutions, Inc. (RSi), a provider of supply chain solutions for CPG manufacturers and retailers.


Seegrid acquires Box Robotics to boost deep learning in manufacturing space
Published: 08-10-2020 | 14:44:44 | By: Bob Koigi
Seegrid Corporation has acquired Box Robotics, a mobile robotics startup bringing high-definition maps, three-dimensional LiDAR, and deep learning to the warehouse and manufacturing space.


Legendary Ventures invests in Elon Musk's SpaceX
Published: 23-09-2020 | 13:34:00 | By: Pie Kamau
Legendary Ventures announced an investment in Space Exploration Technologies Corp. (SpaceX) through its Series N funding round.


South Korean healthcare startup WellsCare signs in-store contract with b8ta for IASO
Published: 21-09-2020 | 14:00:35 | By: Pie Kamau
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.


IME Medical Electrospinning secures €3m financing from Dutch VCs to expand its Medispin XL production platform
Published: 14-09-2020 | 12:37:00 | By: Pie Kamau
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.


Smart consumer technology startup Dreame raises $14.6m in Series B+ funding
Published: 07-09-2020 | 16:16:00 | By: Pie Kamau
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.


Tech startup MITO Material Solutions announces oversubscribed $1m Series Seed funding round
Published: 31-08-2020 | 15:44:00 | By: Pie Kamau
MITO Material Solutions, a cutting edge developer of additives that enable polymer manufacturers to enhance product performance, announced an oversubscribed $1 million Series Seed funding round.


[Startup Interview] Mangaldas Gupta, CEO, Magma Ash Tech, India
Published: 13-08-2020 | 12:13:00 | By: Bob Koigi
Magma Ash Tech is an Indian startup involved in the procurement, processing and export of Flyas, one of the residues produced during combustion of coal. Fly ash is used mainly as a bonding agent mainly in cement plants, ready mix concrete units, manufacture of blocks, bricks and boards.


[Startup Interview] Kaxton Kabogoza, Founder, Kenda Interlocking Bricks, Kenya
Published: 08-08-2020 | 09:43:09 | By: Bob Koigi
Kenda Interlocking Bricks is a Kenya start up in the manufacturing sector that is championing the use of eco-friendly and affordable construction materials as it seeks to bridge the housing deficit in Kenya and the East African region. Engineer Kaxton Kabogoza the founder explains.


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.


Luxembourg startup Wizata secures €2.7 million financing to digitize manufacturing with AI
Published: 04-06-2020 | 15:27:00 | By: Bob Koigi
Wizata, the Industry 4.0 Artificial Intelligence (AI) startup from Luxembourg, has raised €2.7 million from the original founders.