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Global mobility firm inDrive launches venture targeting startups
inDrive, a global mobility and urban services platform, has announced the launch of a new venture and M&A arm aiming to invest up to $100 million in promising startups.
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.
Mobility startup Treepz launches insurance program for car rentals in Africa
Treepz is introducing an insurance program for car rentals in Africa.
Gebrüder Weiss provides zero-emission deliveries to end customers in Budapest
Gebrüder Weiss has started to provide zero-emission deliveries to end customers.
Travel tech firm Branchspace receives £5m to enhance airline retail digitisation
Gresham House Ventures has completed a £5m investment into Branchspace
Nigeria's Treepz among startups selected for 2023 VC4A Venture Showcase Africa
Treepz hes been selected to participate in VC4A Venture Showcase Africa.
Delaware startup Duravo debuts world's toughest lightweight luggage
Duravo announced the launch of the toughest, yet lightest carry-on suitcase in its class.
bp ventures invests £4m in UK-based fleet optimization software provider Dynamon
bp ventures has made a £4 million investment in Dynamon.
World Bank awards 10 Southern African fintech startups with $5k each
10 Southern African fintech startups have each received $5,000 from the World Bank.
Cargo airline startup Ribbit signs $1.3m to test autonomous flights in Canada
Ribbit has signed a $1.3m to test autonomous flights across northern Canada.
Kenyan mobility startup Stima secures €100k investment
Stima Mobility has secured €100,000 investment from DEG Impulse.
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.
Aena launches the second call of its startup acceleration program
Aena has launched Aena Ventures, an open innovation program for accelerating startups.
5 UK cities leading the way in sustainable transport, Plug and Play
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
Satgana has invested in the pre-seed round of Paris-based electric bike startup Loewi.
Leveraging proptech for urban design that promotes sustainable transport, Plug and Play
Proptech is becoming a part of a transformational movement in transportation.
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.
French EV startup Driveco raises $250m to become a European leader in EV charging infrastructure
Driveco, the innovative French electric vehicle charging startup, announced a €250 million fundraising round from Dutch pension fund manager APG.
How automotive solutions will create sustainable urban living, Plug and Play
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.
Innovate UK launches £100m AI Fund for UK business
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).
[Column] Alp Tilev: Why the transition to e-mobility in Africa must be expedited
Historically, Asia has been the birthplace of motorcycles. China, India, Indonesia, and Vietnam are the world's four largest motorcycle markets. The continent is home to roughly 58% of all motorcycles in the world.
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.
Al-Abdullah Group invests $50m in Indian EV startup Kabira Mobility to accelerate growth
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).
Autonomous vehicles affect the future of insurance, Plug and Play
With self-driving technology becoming increasingly available and popular, more and more people are opting to ditch their own cars and ride aboard autonomous vehicles instead.
South African car subscription startup Planet42 raises $100m to break car accessibility barriers
South African car subscription startup Planet42 has raised $100 million in combined equity and debt funding.
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.
eDRV raises seed round to accelerate an interconnected EV charging ecosystem
eDRV, an API-first electric vehicle (EV) charging management solution used at over 7,500 charging locations globally, announced it has closed on a seed funding round.
German electric mobility startup Dance raises €12m to accelerate sustainable mobility solutions across Europe
Electric mobility subscription startup Dance has raised €12 million in additional equity and debt capital. The equity raise was led by existing investors HV Capital, Eurazeo and BlueYard.
Insurtech startup Lami joins forces with Unchorlight to provide insurance covers for Boda Boda riders in Kenya
Digital insurance provider Lami Technologies is partnering with Unchorlight Kenya (UNK), to provide boda boda riders in the country with access to suitable and reliable insurance covers.
Spanish EV charging operator Zunder receives €40m from the EIB to accelerate electrification of road transport
The EIB and Zunder, an independent ultra-fast charging infrastructure operator for electric vehicles (EVs) in Spain, have signed a loan of €40 million in order to finance the installation of a network of fast chargers.
Insurtech startup OpenEyes emerges from stealth with $23m Series A funding
OpenEyes, an insurtech company serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First.
Amsterdam-based mobility startup Transferz raises €6.5m for its sustainable and reliable ground transportation solutions
Transferz, the Amsterdam-based B2B mobility platform in pre-booked ground transportation, announced a successful €6.5 million fundraising round led by a consortium of individual business angels.
CampX by Volvo Group opens new Incubator track for startups to accelerate sustainable mobility innovations
More than 50 startups have developed their ideas at CampX, the global collaboration hub for innovations by Volvo Group.
Africa’s mobility startup eWaka secures $540K loan from SECO to accelerate growth
Kenyan mobility solutions provider eWaka has secured a $540K loan from the State Secretariat for Economic Affairs (SECO) of the Swiss Confederation.
French hydrogen startup HySiLabs raises €13m Series A funding to accelerate growth
HySiLabs, the novel hydrogen transport and storage technology developer, announced €13 million Series A financing led by Equinor Ventures, and joined by the European Innovation Council Fund, EDP Ventures and PLD Automobile.
[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.
Mobility startup BasiGo and AVA to assemble 1,000 electric buses in Kenya
BasiGo, the Kenyan-based electric manufacturer has partnered with the Associated Vehicle Assemblers (AVA), to assemble its buses in the country.
Sustainable mobility startup eWAKA receives 500K CHF loan to accelerate growth
eWAKA, one of Africa’s most promising sustainable mobility startups, has received strategic support from the State Secretariat for Economic Affairs (SECO) Start-up Fund of the Swiss Confederation.
Sofia-based EV charging platform AMPECO raises $13m Series A funding to expand in the US
AMPECO, a Sofia-based white-label EV charging management software platform, closed a Series A funding round of $13 million led by BMW i Ventures.
Canadian B2B automotive trading startup TRADE X opens new trading facilities in Kenya
TRADE X, a B2B cross-border automotive trading platform based in Ontario, Canada, announced it has opened a new Kenyan trading corridor, which includes both a shared bonded warehouse in Mombasa and an office in Nairobi.
Swedish automotive manufacturer Scania launches Scania Growth Capital II at €182.8m
Sweden-based automotive company Scania, announced it is launching a new €182.8 million investment vehicle, Scania Growth Capital II, following the success of its first venture capital fund, Scania Growth Capital I.
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.
Mobility startup BasiGo secures $6.6m funding to accelerate electric bus uptake in Kenya
BasiGo, the first company to introduce electric buses into Kenya, has announced $6.6 million in new funding led by Mobility54.
Japanese startup TIER IV launches commercial autonomous driving software platforms for multiple operational design domains
TIER IV, an open source autonomous driving startup, announced it has launched commercial autonomous driving software platforms "Pilot.Auto" and "Web.Auto".
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.
German mobility startup Wunder Mobility receives €12 million to advance shared mobility globally
The investment positions Wunder Mobility as the highest funded provider of software and hardware solutions for vehicle sharing operators with fleets of e-bikes, e-scooters, e-mopeds, and cars.
Nigerian mobility fintech Moove joins forces with Uber UK to bring electric vehicles to London
Nigerian fintech moblity startup Moove has announced its launch in London as part of its global expansion through a new partnership with Uber.
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.
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.
Web3 digital identity startup Unstoppable Domains raises $65m Series A funding at $1b valuation
Unstoppable Domains, the platform for Web3 digital identity with more than 2.5 million registered NFT domains, announced it has closed $65 million in Series A funding at a $1 billion valuation.
London-based startup Geomiq raises $8.5m to digitize manufacturing and deliver industry leading service levels
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.
Web3 startup Book Token launches eBooks on Chain, sells $100K worth of eBooks
Dallas-based startup, Book Token (Booktoken.io), has brought books to the blockchain with the launch of its first eBook, the Gutenberg Bible - in recognition of the printing press technology created by Johannes Gutenberg.
Olympus Innovation Ventures backs endoscopy video and AI startup Virgo
Olympus announced that the company's venture capital fund, Olympus Innovation Ventures, completed its first investment, participating in the Series A financing of Virgo Surgical Video Solutions (Virgo) of Carlsbad, California.
Globant's Be Kind Tech Fund invests in ping voice technology platform to help get drivers home safely
Globant, a digitally native company focused on reinventing businesses through innovative technology solutions, announced that its Be Kind Tech Fund has invested in ping, a U.S.-based voice platform company.
Cryptocurrency startup Coinfeeds raises $2m seed round, launches Web3 community monitoring app
Coinfeeds announced that it has raised a $2 million seed round led by FTX Ventures, Coinbase Ventures, Protocol Labs (IPFS / Filecoin), Huobi Ventures, and startup accelerator Y Combinator.
Immigrants have started more than half of America's billion-dollar startup companies, study
Immigrants have started more than half (319 of 582, or 55%) of America's startup companies valued at $1 billion or more, according to a new study from the National Foundation for American Policy (NFAP), a nonpartisan research organization.
Mymee acquires Berlin-based healthtech startup Breakthrough Health to scale growth
Mymee, the provider of specialized care and support for people with significant symptoms associated with autoimmune disease and long COVID, has acquired Berlin-based Breakthrough Health, the creator of the #1 mobile app Emilyn for people with multiple sclerosis (MS).
Fintech startup CoinFlip raises $1m initiative to support emerging Web 3.0 startups
CoinFlip, a fintech company powered by cryptocurrency, announced the launch of CoinFlip Ventures, a new initiative that will support Web 3.0 based startup companies.
Fifth Wall raises $500m climate fund to decarbonize global real estate
Fifth Wall, a venture capital firm focused on technology for the global real estate industry, has held the final close of its inaugural Climate Fund with $500 million in capital commitments.
Madrid-based Seedtag raises over €250m to scale its Contextual AI technology
Seedtag, the leader in contextual advertising in EMEA and LATAM, announced it has raised over €250 million in funding from private equity investor Advent International.
UKI2S expands fund by £37m to accelerate British innovation
The UK Innovation and Science Seed Fund (UKI2S), announced the expansion of its patient capital fund by £37 million, to boost support of British innovation.
Data security startup Sotero closes $8m seed extension funding round to accelerate growth
Sotero, the leader in revolutionary data security, announced a $8 million extension of their seed round, bringing the round to a total of $13 million.
Fintech startup Bizao raises €8m Series A funding to accelerate its footprint across Africa
Bizao, a fintech that facilitates payments for both local and international businesses operating in Africa, announced a €8 million Series A funding to accelerate its geographical footprint across the continent and invest in the design of new lines of products and services.
Omaha-based startup Workshop raises $5m to streamline internal email and communications
Workshop, a delightful platform for distributing and measuring internal email and communications, has raised $5.2 million in additional seed funding. The round was led by McCarthy Capital out of their Emerging Growth strategy.
Nigerian fintech infrastructure startup Bloc acquires payments company Orchestrate
Bloc, the Nigerian fintech infrastructure provider, has announced the acquisition of Orchestrate (previously Getwallets), a proprietary payments orchestration startup that gives businesses instant access to multiple payment providers with one integration.
Singapore-based music startup SpiderVille raises $1m pre-seed funding to accelerate Web3 music adoption
SpiderVille, a Singapore-based Web3 music startup, announced it has raised a $1 million pre-seed round from Contents Technologies, Samsung Next, and other notable angel investors.
ComplyCube partners with Capital Pilot to back high-growth startups in the UK
ComplyCube, the global verification platform, has partnered with Capital Pilot, the Startup Rating Agency, to provide state-of-the-art KYC verification for Boost Fund I, the UK's first automated high-volume startup investment fund.
German startup Lumiform closes €6.4m to boost deskless worker app
Berlin-based deskless worker platform Lumiform has closed €6.4 million Series A financing round, led by Capnamic.
Boeing, AE Industrial Partners launch second venture fund to invest in innovative aerospace and defense startups
Boeing has committed a $50 million investment in AEI HorizonX, a partnership the company established with private equity firm AE Industrial Partners to invest in transformative aerospace technologies.
Agritech startup Lumo raises $2.1m to tackle the global water insecurity crisis
Lumo, a new agritech company focused on water sustainability, announced it has raised $2.1 million in pre-seed funding and plans to allocate funds toward commercialization of its irrigation technology.
Sudanese fintech startup Bloom nabs $6.5m backed by Y Combinator, GFC and Visa
Bloom, a Sudan-based fintech that offers a high-yield savings account and adjacent digital banking services, announced it has raised a $6.5 million seed round, after an undisclosed pre-seed round last year.
Surgical Intelligence startup Theator extends Series A funding with additional $24m for a total of $39.5m
Theator, the creator of Surgical Intelligence, announced it has raised $24 million in an extension of its Series A funding round.
Cyber security startup Anvilogic raises $25m Series B funding to modernize security operations
Anvilogic, a modern security operations platform that brings a cloud-based security data lake to life, announced the company's $25 million Series B funding.
TaskHuman startup raises $20m Series B funding to expand its virtual coaching platform
TaskHuman, the 1:1 digital coaching platform, has raised $20 million in Series B funding to amplify human well-being and productivity in a digital world.
InterApp startup raises $1.2m to bring mass adoption of AR as a necessary consumer utility tool
Sacramento, CA based startup InterApp announced it has raised $1.2 million in pre-seed funding, to double down on early marketing efforts and acquire 10% of the Total Addressable Market (TAM) within 12 months.
Irish digital identity startup valid8Me secures €12.5m investment to increase headcount, accelerate growth
valid8Me, the digital identity SAAS platform, announced that Grant Thornton Ireland are investing €12.5million in the company.
AfricInvest and Cathay Innovation complete final close of €110m Pan-African venture fund
Africa’s multi-asset investment platform AfricInvest and global venture capital firm Cathay Innovation, have completed the final close of their joint Pan-African venture fund, Cathay AfricInvest Innovation Fund (CAIF), at €110 million.
South Africa’s student housing startup DigsConnect secures investment to spearhead international growth
DigsConnect.com, South Africa’s digital student accommodation platform, announced the closure of its Pre-Series A seed extension round after securing undisclosed multi-million rand investment.
Yamaha partners with Nigerian startup MAX for vehicle financing and maintenance
Moto Business Service Nigeria (MBSN), a subsidiary of Japan’s Yamaha Motor Corporation, announced a strategic partnership with Metro Africa Xpress (MAX), to finance and maintain over 50,000 vehicles over the next 2 years.
African accelerator for European scaleups Chapter54 now in full swing
Chapter54, the first accelerator dedicated to European scaleups wishing to expand into African markets, launched in January 2022 by Partech, has started to support its first batch of European scaleups.
Pan-African talent marketplace Gebeya announces new innovation to accelerate hiring freelance professionals
Gebeya, the Pan-African marketplace for freelance professional talent, announced a new innovation to accelerate a more stable, dynamic African tech talent infrastructure.
French insurtech startup Orus raises €5m to reinvent professional insurance for SMEs
Orus, the insurtech company for small businesses, announced it has raised €5 million from Frst, Partech, Portage Ventures and around twenty business angels.
HiddenLayer startup emerges from stealth mode, raises $6m seed funding to protect AI-powered products
HiddenLayer startup announced it has emerged from stealth mode to launch its flagship product, after raising $6 million in seed funding led by Ten Eleven Ventures.
D3 launches first cohort of startups to accelerate scaling of carbon dioxide removal solutions
Global climate technology accelerator Third Derivative (D3), has launched a focused cohort of five promising startups working on durable carbon dioxide removal (CDR) solutions.
Social impact fintech DreamStart Labs partners with BRAC Bank to reach unbanked women in Bangladesh
DreamStart Labs, a fintech for emerging markets, and BRAC Bank, a commercial bank in Bangladesh, have entered into an agreement to provide digital financial services to unbanked women in Bangladesh.
Novelis partners with recycling startup Sortera Alloys to recycle automotive post-production and consumer scrap
Novelis, a sustainable aluminum solutions provider and the world leader in aluminum rolling and recycling, announced a strategic partnership with Sortera Alloys, an industrial scrap metal sorting and recycling company.
Virginia-based fashion tech startup Circ raises $30m funding to expand recycle clothing, eliminate waste
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.
Japanese open-source autonomous driving startup TIER IV launches $300m green autonomous driving project
TIER IV, an open-source autonomous driving startup, announced it has received a grant from the Green Innovation Fund Projects (GI Fund) for research and development of autonomous driving software platforms.
Oslo-based DevOps startup Kosli set to launch free tier for developers
Oslo-based software startup Kosli announced it will launch a free tier of its SaaS later this summer. Founded in 2019 as a compliance automation platform for regulated DevOps teams in sectors like fintech, Kosli will now offer a much broader set of use cases for developers in all industries.
Carbon Business Council launches to create a seat at the policy table for carbon management startups
The Carbon Business Council (CO2BC) has launched, to advocate for early-stage companies focused on removing, utilizing, and managing carbon dioxide.
DivInc Houston launches inaugural Women in Tech Accelerator with title sponsor SheSpace
DivInc, the premier startup accelerator for people of color and women entrepreneurs, announced the launch of its first Women in Tech Accelerator made possible through Houston title sponsor, SheSpace.
917Ventures partners with AC Ventures to explore business opportunities, grow ecosystem in Philippines
917Ventures has partnered with AC Ventures, a subsidiary of Filipino conglomerate Ayala, to explore business opportunities and grow its ecosystem.
Canvas Medical achieves ONC certification, raises $24m to power clinicians and developers scaling digital health companies
Canvas Medical, the EMR that enables clinicians and developers to power the future of care delivery, raised $24 million in Series B funding led by M13 with participation from Haystack.
Insight Partners announces Enterprise Technology Exchange to drive unparalleled innovation within the enterprise software sector
Global software investor Insight Partners announced the establishment of its Enterprise Technology Exchange, a council of preeminent technology leaders in Europe and North America.
Stori becomes Mexico's newest Unicorn after raising $150m round of financing, valuing the startup at $1.2b
Stori, a fintech company offering credit card products to Mexico's underserved population, announced a $150 million round of financing, valuing the company at $1.2 billion, achieving a "Unicorn" status.
Why you should implement cryptocurrency payments into your e-Commerce website, Remuno
Crypto is one of the biggest aspects of modern finance and technology. For businesses, this revenue stream could provide major boosts to sales numbers, with crypto payments giving customers more freedom while also bringing benefits.
The African Business Roundtable Project Preparation Masterclass Free Webinar, July 27
After discussions with a variety of advisory and investment institutions, and to further attract investment to projects, the African Business Roundtable Secretariat in association with Afreximbank has designed the “Project Preparation Masterclass”.
Lithuanian startup Elinta Charge raises €7m to accelerate EV charging solutions
AVIA Capital and LitCapital have invested €7 million in Elinta Charge, a Lithuanian developer and manufacturer of electric vehicle (EV) charging solutions, to support R&D, development of new products and further international expansion in the fast-growing e-mobility market.
London-based soccer game startup CLUB closes $3.1m seed round for the first F2P and Play-and-Earn soccer ownership game
CLUB, the independent studio behind CLUB Game, the first free-to-play (F2P), play-and-earn soccer game that allows you to create and sell your own real-player soccer club, has secured its first major round of funding.
Flagstar Bank completes third MortgageTech Accelerator program
Flagstar Bank announced it has wrapped up its third MortgageTech Accelerator program - the first and only accelerator in the United States solely dedicated to mortgage technology.
YC-backed startup Bobidi raises $5.8m to build global bug bounty platform for AI models
Bobidi, an AI model test platform, announced it has raised $5.8 million in seed funding from Y Combinator, We Ventures, Hyundai Motors Group ZER01NE, Scrum Ventures, NPE, Meta, Lotte Ventures, Atlas Pac Capital, and angel investors.
Michigan-based edtech startup Alchemie earns $1m grant for accessible learning for STEM
Alchemie, an educational technology company based in Troy, Michigan, announced it has received a prestigious one-million-dollar Small Business Innovative Research (SBIR) grant from the Department of Education's Institute of Education Sciences.
Mixed bag for U.S. startup ecosystem as market outlook remains uncertain - PitchBook, NVCA report
Despite an uncertain macroeconomic environment, US venture capital (VC) deal activity in the first half of 2022 was strong, according to the Q2 2022 PitchBook-NVCA Venture Monitor.
Israeli tech startup AI21 Labs raises $64m to change the way people read and write using artificial intelligence
AI21 Labs, an Israeli startup aiming to fundamentally change the way people read and write, announced the completion of its $64 million series B funding round, bringing the company's valuation to $664 million.
Microlearning startup Arist raises $12m to reimagine workplace learning for a new generation
Arist announced that it has raised $12 million in a Series A funding round led by pioneering growth-stage business software investor PeakSpan Capital, accompanied by Rainfall Ventures.
Austin-based startup Sumatra raises $1.5m seed round to launch real-time data platform
Sumatra, an Austin-based real-time data platform company, announced that it has secured $1.5 million in seed financing led by S3 Ventures with participation from Sentiero Ventures, Data Power Ventures, and AI Sprouts.
Ukrainian and Dutch-based startup Cloudprinter.com raises €7m seed funding to grow its global print API platform
Cloudprinter.com, the Ukrainian and Dutch-based global print API platform raised €7 missed in a seed round led by Capital Mills.
Online energy marketplace VECKTA closes $3.3m seed round to accelerate growth
VECKTA, the online energy marketplace that connects commercial and industrial energy users with capital, services, and equipment suppliers, announced it has closed a $3.3 million institutional seed round.
Magic Eden launches Magic Ventures to focus on Web3 gaming investments
Magic Eden, the destination for NFTs, announced the launch of Magic Ventures, a venture arm that will focus on investing in Web3 games.
Healthtech startup Arise raises over $4m to build inclusive eating disorder treatment and mental health support
Arise, the digital healthcare company enabling comprehensive care for eating disorders, mental health, and long-term healing, has launched after raising over $4 million in a seed funding round.
Carbon to Value Initiative announces year two startup cohort for carbontech accelerator program
The Carbon to Value Initiative (C2V Initiative), has selected eight startups for the second year of its carbontech accelerator program in partnership with Fluor Corporation, the initiative's Year Two Cohort Champion.
Canadian biotech startup Spiderwort secures $13.2m financing to accelerate clinical trials of biomaterials
Spiderwort, the biotech company innovating in cellulose-based tissue scaffolding to treat acute spinal cord injuries, announced the successful completion of its $13.2 million Series A financing.
Cleantech startup Greener Process Systems develops modular system to capture maritime and industrial emissions
Greener Process Systems filed a series of patents that demonstrate their focus will expand to general industrial applications as well as further developments in CO2 capture, storage and re-utilization.
[Column] Patrick Ndegwa: Is 2022 the year for African startups?
Africa is the place to be if you want to discover and support new ideas. According to a Substack newsletter titled Africa: The Big Deal, the continent was the recipient of startup deals worth a combined $4.27 billion
Qiming Venture Partners closes $3.2b funds to back early and growth stage tech startups in China
China based venture capital firm Qiming Venture Partners announced the closing of $3.2 billion, including USD Fund VIII at $2.5 billion and the first closing of RMB Fund VII at $700 million.
Nigerian fintech startup CARMACHAIN hits over 80 million consumer profiles
Nigerian fintech startup CARMACHAIN announced it has hit over 80 million consumer profiles. This milestone is a major move for CARMACHAIN as it takes another step forward in realising its mission of decentralising data.
Quantitative investment firm Hidden Road raises $50m to accelerate access to traditional and digital markets
Hidden Road, the global credit network for institutional investors, announced the closing of $50 million Series A funding, led by Castle Island Ventures,
Automotive B2B marketplace APFusion raises $6.5m in series seed financing to expand its platform
APFusion, the automotive B2B marketplace and SaaS company focused on modernizing the auto salvage industry, secured $6.5 million in series seed financing bringing the company's total financing to $7 million.
Blockchain security startup BlockSec closes $8m funding round to accelerate growth
Blockchain security startup BlockSec announced the completion of $8 million seed plus round of funding, to expand its research and production team and provide the on-chain monitoring and attack interception capability.
Kenyan healthtech startup AfyaRekod launches Universal Patient Portal for worldwide health data mobility management
Kenyan-based AfyaRekod launched the fully automated Universal Patient Portal – a block-chain driven technology that will transform the face of patient care across Africa and the World.
London-based fintech startup Griffin raises $15m to become the bank fintechs can build on
Griffin, a Banking as a Service (BaaS) fintech firm, announced it has raised $15.5 million funding to launch the OS for embedded finance.
Sabre joins Plug and Play as travel and hospitality partner
Sabre Corporation, a software and technology company powering the global travel industry, announced its partnership with Plug and Play's Travel and Hospitality program headquartered in the heart of Silicon Valley.
Medical Solutions acquires healthcare staffing tech startup Matchwell
Matchwell, the healthcare staffing solution built for today's flexible workforce, announced it has been acquired by Medical Solutions, one of the nation's largest providers of total workforce solutions serving the healthcare industry.
Israeli biotech food colorant startup Phytolon closes $14.5m funding to accelerate growth
Phytolon, the developer of fermentation-based natural food colors, announced it has secured $14.5 million Series A funding, led by DSM Venturing, to further progress its technology towards commercialization.
Stellar Ventures closes $23m fund for next-gen of space entrepreneurs
Stellar Ventures launched its first fund, SV Andromeda Fund LP, which recently held its final closing with over $23 million in capital commitments and the mission to invest in the future of space technology.
ING Ventures invests in OpenFin to accelerate growth across the financial industry
OpenFin, the operating system (OS) of enterprise productivity, announced it has secured a strategic investment from ING Ventures, the venture capital arm of ING.
Simplifyber secures $3.5m seed investment to reinvent how clothing is made with sustainable, advanced Manufacturing
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.
Verification platform ComplyCube expands startup assistance program to $50,000
Verification platform ComplyCube, has increased startup assistance to $50,000. The Startup Program supports qualifying businesses with free checks, resources, and consultancy.
Crescent fintech raises $5m pre-seed round, launches platform to help companies improve cash management
Crescent, a fintech best known for crypto-backed high yields, announced it has raised $5 million pre-seed round from strategic angels and tech founders.
Israeli fintech and capital markets startup Deshe Analytics raises $6.5m funding to expand to international markets
Israeli fintech and capital markets startup Deshe Analytics announced a $6.5 million seed funding round led by Group 11.
African fintech Flutterwave appoints Gurbhej Dhillon as new CTO
Flutterwave, Africa’s payments technology company, announced the appointment of former Goldman Sachs’ Managing Director, Gurbhej Dhillon as Chief Technology Officer (CTO).
Nigerian fintech startup Mono launches in Kenya
Mono, a Nigerian fintech startup that builds open banking infrastructure to enable access to customer financial data and bank payments for digital businesses in Africa, announced it has expanded its services to Kenya.
Climentum Capital raises €150m to invest in European early-stage tech startups attacking CO2 emissions
Climentum Capital announced it has raised €150 million for investments into European early-stage tech companies attacking CO2 emissions.
Nemetschek invests in UK-based startup SymTerra to drive digitalization in the construction industry
The Nemetschek Group, one of the software providers for the AEC/O and media & entertainment industries, announced to have invested in the UK-based startup SymTerra, a construction site communications platform.
Neomoon digital bank raises $850k in first seed capital investment round
Neomoon, the digital bank based on stablecoin which offers Latin Americans financial solutions to protect their money from devaluation and facilitate daily transactions, announced the closing of $850k first seed capital investment round.
London-based startup growth agency Tailored Brands rebrands to Ventuure to scale Series A and B startups
Startup growth agency Tailored Brands announced it is rebranding to become Ventuure, to evolve its mission to support Series A and B startups.
Dutch-based startup Backbase raises €120m in growth equity funding
Backbase, creator of the category-leading Engagement Banking platform, raised €120 million in growth equity funding from Motive Partners.
French space-tech startup Leanspace raises €6m to digitalize the space industry via the cloud
Leanspace, the company building the digital infrastructure of the space industry, announced the closing of an oversubscribed seed financing round of €6 million.
London-based invoice intelligence platform Xelix completes $5m Series A funding to accelerate growth
Invoice intelligence platform Xelix announced it has successfully completed the Series A funding round, raising $5 million.
Peterson Ventures raises $140m across Fund IV and Opportunity Fund I to double down on its core strategy
Peterson Ventures, a pre-Series A venture firm that invests across SaaS and digital commerce, announced that it has raised over $140 million in new capital for its Fund IV and Opportunity Fund I.
Bodybuilding.com partners with Retail Ecommerce Ventures to accelerate growth
Bodybuilding.com, the online fitness store, has struck a deal to partner with Retail Ecommerce Ventures (REV), a global leader in e-Commerce with a rapidly growing roster of well-known brands, to accelerate growth.
Entertainment tech startup Virtuosica launches for select artists and U.S. audiences
Entertainment tech startup Virtuosica has launched the beta version of its first product, the Virtuosica virtual concert platform.
Telehealth startup Ria Health secures $18m Series A to scale online alcohol use disorder treatment
Ria Health, a telehealth provider specializing in alcohol use disorder (AUD) treatment, announced the closing of $18 million in Series A funding
Telegraph Hill Partners raises $525m fifth fund for new life science and healthcare investments
Telegraph Hill Partners (THP), a venture capital and growth equity firm dedicated to building life science and healthcare technology businesses, announced it has closed on THP V, a new $525 million investment fund.
BII invests $20m in African mobility fintech Moove to strengthen the informal transport industry
The British International Investment (BII), the UK government’s Development Finance Institution (DFI), announced a $20 million, 4-year structured credit investment in Moove, a mobility fintech democratising access to vehicle ownership in Africa.
Lummus announces successful startup of CATOFIN PDH unit in China
Lummus Technology announced the commissioning and startup of a propane dehydrogenation (PDH) unit at Shandong Ruize Chemical Technology's complex in China.
Zing Data raises $2.4m to bring business intelligence to mobile
Zing Data, a collaborative business intelligence and visualization startup, announced it has raised $2.4 million, led by Kindred Ventures, Correlation Ventures and early backers of Amplitude and Robinhood.
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.
Ugandan fintech platform Tugende closes pre-Series B investment round to accelerate growth
Tugende, the East African fintech platform providing asset financing and digital services to small businesses, announced it has raised a pre-Series B investment round led by current shareholder Partech Africa.
Chinese ARHUD solution provider Raythink completes Series A+ financing to accelerate mass production of in-vehicle AR displays
Raythink, the ARHUD solution provider for the automotive and transportation industry, announced it has raised around $15 million in a Series A+ funding round led by Chengwei Capital.
Autochek acquires Morocco’s automotive tech startup KIFAL Auto to drive North Africa expansion
Autochek, the automotive technology company making car ownership more accessible and affordable across Africa, has announced the acquisition of KIFAL Auto, a Moroccan automotive technology startup, to drive its expansion into North Africa.
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.
Raytheon Technologies venture capital group invests in Hermeus to accelerate air travel
Raytheon Technologies announced a strategic investment in Hermeus Corporation, a company developing hypersonic aircraft for defense and commercial applications, through its newly established corporate venture capital group, RTX Ventures.
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.
Insurtech startup ETAP secures $1.5m pre-seed funding to drive car insurance penetration in Africa
ETAP, an insurtech startup that makes it easier to buy and claim insurance, has secured $1.5 million in pre-seed funding to grow its team and drive the adoption of much-needed car insurance across Africa.
Kenyan electric vehicle startup Opibus rebrands to ROAM
Kenya’s leading electric vehicle (EV) maker Opibus has changed its name to ROAM. The company was among the earliest entrants into the local electric vehicle manufacturing sector.
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.
Europe's TIER Mobility acquires US-based Fantasmo to expand its accurate e-scooter parking system
TIER Mobility, Europe's shared micro-mobility provider, announced it has acquired Us-based Fantasmo, to further expand its most accurate e-scooter parking system and introduce a computer vision-powered rider assistance system.
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.
Vehicle financing startup Moove partners with Swvl for EV buses across the MENAP region
Egypt’s on-demand bus-hailing company Swvl, announced a new partnership with African fintech mobility startup Moove to scale Moove’s revenue-based vehicle financing model across the MENAP region.
On-demand transport platform Bolt launches 2nd edition of its Women in Tech internship program in Kenya
On-demand transport platform Bolt announced it has rolled out the second edition of its Women in Tech internship program in Kenya.
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.
EV startup BasiGo flags off first electric buses in Kenya
Nairobi headquartered e-mobility startup BasiGo flagged off the first electric buses in the country for passenger use.
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.
German e-bike startup ADO debuts high-end urban commuter D30
Frunkfart-based startup ADO is debuting an high-end urban commuter e-bike D30 officially. At the same time, ADO will join hands with Insta360 to launch the co-branded ADO Insta360 GO 2 XE, to cross city and chase adventure.
[African Startup Review] Pie Kamau: Capital funding for tech startups gain momentum in 2022
The startup ecosystem in Africa is taking shape. A lot of technological innovations especially in the areas of fintech, e-mobility, e-commerce, healthtech, foodtech and cleantech have seen accelerated growth towards Africa’s digital transformation and innovation.
Irish e-mobility startup Modmo raises €8.7m seed round to accelerate urban transportation
Irish e-mobility startup Modmo closed out 2021 with a €5 million investment from Ballymore Group CEO Sean Mulryan, in addition to €2.7 million raised in September and €1 million in March from several angel investors.
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.
Swedish-Kenyan electric vehicle tech startup Opibus launches first electric bus designed and developed in Africa
Swedish-Kenyan electric vehicle technology startup Opibus has introduced the first all-electric bus in Kenya as well as the first African designed electric bus ever.
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.
Tallinn-based Bolt raises €628m funding round to accelerate transition from owned cars to shared mobility
Tallinn-based Bolt announced the closing of €628 million round of funding, its largest funding to date. This funding round will help Bolt accelerate its mission to help cities transform urban areas.
Car subscription startup GO launches in four additional markets
Distinct from traditional auto lease and finance, GO’s model offers subscribers a simple and affordable alternative to car ownership.
Automobile startup Faction Technology announces funding from TDK Ventures
Faction is taking a unique approach to both driverless technology and lightweight vehicle systems that can dramatically impact how goods and people are moved
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.
African mobility fintech Moove enters Kenyan market, broadens vehicle financing to bikes and trucks
Moove, an African mobility fintech, has launched operations in Nairobi, its first city in East Africa and sixth on the continent.
Toronto-based mobility startup Treepz expands to East Africa, acquires Uganda's Ugabus
In a bid to digitize the public transportation system and provide safer, reliable and comfortable commute options across Africa, Toronto-based shared mobility company Treepz, announced its acquisition of a similar Ugandan bus company Ugabus.
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.
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.
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".
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.
South African delivery startup Picup introduces premium driver network for businesses
South Africa's crowdsource delivery tech startup Picup has introduced a premium service aimed at businesses that require drivers to represent their brand.
bp invests $7m in electric vehicle charging startup IoTecha
bp ventures has invested $7million in smart electric vehicle (EV) charging firm, IoTecha, leading a $13.2 million investment round.
Ivory Coast transport startup Moja Ride partners with O-CITY for its next phase of growth in mobility innovation
Moja Ride, an Ivorian startup providing a reservation and cashless payment system for transport services in Abidjan, has partnered with O-CITY for its next phase of digital innovation and future expansion.
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.
Startup STOW IT partners with airport parking operators to offer long-term travelers monthly parking at airports around the US
Set up and designed for long-term and monthly travelers, startup STOW IT has partnered with airport parking operators to offer the cheapest monthly rates at over 20 airports around the US, making long-term airport parking an easy option.
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.
Venture builder Satgana launches first portfolio startup in Kenya, Mazi Mobility
After its launch in September last year, venture builder Satgana has announced its first portfolio startup from Nairobi, Kenya, Mazi Mobility, to address the issues faced by the public transport industry in the Global South by electrifying the motorcycle industry.
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.
Danish startup MATE accelerates e-Bike expansion with new funding from Marcy Venture Partners
The Danish design startup MATE announced a new investment from Marcy Venture Partners to accelerate the future of smart transportation, with the global aim for the world to go greener via a new, smarter, more flexible, and flashy form of transportation.
DBSA launches second edition of the Youth Challenge in South Africa
The Development Bank of Southern Africa (DBSA), launched the second edition of the DBSA Youth Challenge, a competition aimed at harnessing innovative solutions from young people in South Africa to help address infrastructure challenges.
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.
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.
Phantom Space Corporation startup raises $5m seed funding to revolutionize space transportation
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.
Kigali-based electric mobility startup Ampersand raises $3.5m from EIF
Kigali based electric motorcycle startup Ampersand has raised $3.5 million in funding from the Ecosystem Integrity Fund (EIF) to rapidly scale its electric motorcycle and swap station network in Rwanda.
Verdant Capital raises $9.9 million financing for East African tech enabled MSME lender Tugende
Pan African specialist investment financial institution Verdant Capital has raised $9.9 million Series A equity capital for Tugende, a technology enabled MSME lender in East Africa.
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.
[Nigeria] Kwik Delivery closes $1.7 million financing round to fund expansion
Nigerian last-mile delivery startup Kwik Delivery has announced that it has closed its pre-Series A financing round. The company successfully raised $ 1.7 million in equity from institutional and high net worth investors.
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.
Seattle-based traveltech startup Cabana rolls out new offerings, expands operations to California
Cabana, the Seattle-based traveltech startup reinventing how people travel through its fleet of luxe mobile hotels, is rolling out enhanced offerings to its customers in Seattle and soon to its newest market, Los Angeles.
Autonomous sweeper from Berlin startup approved for public road use in Singapore
The autonomous compact sweeper "Donner", developed by a consortium led by ENWAY and Bucher Municipal, has passed the Land Transport Authority's approval test for autonomous vehicles for use on public roads.
sennder raises $160 million to accelerate digitization of European trucking
Through its proprietary technology, sennder directly connects enterprise shippers with trucking companies, bringing greater transparency and efficiency to both carriers and shippers.
Ten biggest startup layoffs in 2020 hit 25,500, Uber leads with 30 per cent, report
Data presented by Buy Shares indicates that approximately 25,500 jobs have been lost in the top ten largest startup layoffs amid the pandemic. The layoffs were recorded between March 2020 and January 2021.
Ntuple launches Korea railroad ticketing system in Google Maps
Ntuple, a South Korean tech startup that focuses on backend technology has announced that it launched the Korea railroad ticketing service ‘ga-G’ in Google maps.
[Startup Interview] Daniel Gatura, CEO, Ace Mobility, Kenya
Daniel Gatura is the CEO and founder of Ace Mobility, a Kenya-based startup that is focused on improving the public transport by addressing mobility challenges of the vulnerable with a focus on the differently abled, women and elderly. Daniel elaborates.
On demand delivery provider GoFor raises $20 Million funding for expansion into the U.S
GoFor Industries, a provider in last-mile, on-demand and same-day delivery startup says it has closed a $20 million (CAD) Series A growth investment to continue its ongoing expansion into the U.S.
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.
Australian AI startup HIVERY partners with JR East Water Business to optimize vending machines in Japan
Retail AI pioneer, HIVERY and JR East Water Business, have agreed to rollout HIVERY Enhance, an AI-driven vending machine optimization solution, to 6,000 vending machines across East Japan Railway's train stations.
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.
South Korean startup Autonomous a2z raises $1.9m for autonomous driving solution
Autonomous a2z, a member company of Born2Global Centre and Sejong Technopark, received a seed investment of $1.9 million from angel investments by individuals and partner corporations.
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.
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.
FedEx invests in 200 small businesses in its grants programme
Global delivery services company FedEx Corp. has announced the completion of the company’s #SupportSmall Grants programme.
Nigerian mobility startup MAX.ng partners with DLM Capital to transform transportation finance in Africa
Metro Africa Xpress, a mobility platform in Nigeria and West Africa, announced the successful issuance of a ₦400m 1-year fixed-rate notes under its newly structured ₦10bn/$22m Private Company Bond program.
Neuron Mobility secures $12 million funding to expand to Australia, UK and New Zealand
Singapore e-scooter startup Neuron Mobility has announced its latest round of funding of $12 million, led by top Australian venture capital firm, Square Peg, along with global venture capital firm GSR Ventures.
[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.
Australia startup Bolt Bikes rebrands to Zoomo, announces expansion to USA
Bolt Bikes Bolt Bikes, the mobility startup, has completed a Series A capital raise of $11 million to invest in expanding its operations in the United States and move into new categories globally.
Traveltech startup Omio raises $100m to strengthen position as global travel platform
Omio, formerly GoEuro, Europe’s leading multi-modal travel booking platform, announced it has secured $100 million in investments from existing and new investors.
German traveltech startup Omio launches 'Open Travel Index' to navigate new travel era
Europe’s leading multi-modal travel booking platform Omio is reigniting travel by launching a new online resource to help travellers easily understand where they can travel to within Europe.
Zipp Mobility gets green light for UK e-scooter trials
Zipp Mobility, the Irish micromobility startup, announced the UK Department for Transport (DfT) has approved the company’s e-scooter model for use in trials across the UK.
Uber set to acquire UK taxi software startup Autocab
Uber has announced that it has entered into an agreement to acquire UK technology startup Autocab.
Sweden e-scooter startup Voi Technology wins first large-scale exclusive trial deal in UK
Swedish-founded micro-mobility startup Voi Technology is getting ready to put its first fleet of e-scooters on UK streets.
Nigerian mobility startup Plentywaka raises $300,000 investment as it expands into Abuja
Nigerian mobility startup Plentywaka secured a pre-seed investment led by Emfato, Microtraction, and Niche Capital worth $300,000.
OneRail announces acceptance into Microsoft for Startups Programme
OneRail, an Orlando-based final mile delivery orchestration and fulfillment platform, hass announced its acceptance into the Microsoft for Startups immersive programme.
Pan-European micro-mobility startup Voi achieves profitability in June, secures $30m funding
Voi Technology, the pan-European micro-mobility leader announced it has reached its first-ever monthly profit at group level for the month of June, less than two years since it launched the e-scooter service which now operates across 40 cities.
Booking.com partners with Here Mobility to boost pre-booked airport taxi services in US and Europe
Booking.com and HERE have announced a partnership, that will give travelers using the Booking.com app and platform access to an additional 1.3 million vehicles in 70 cities across the US and Europe.
French startup Koala closes €1.6m seed round led by Insurtech Gateway
Paris based insurtech Koala announced an investment of €1.6 million led by London based incubator and fund Insurtech Gateway alongside Playfair Capital, Techstars Ventures and private investors.
ETF leads €7 million investment in Finnish startup Basemark
Basemark, a leading software company specialising in graphics and autonomous driving vehicle software, has successfully concluded a €7 million equity funding round by ETF Partners.
Uber acquires food delivery startup Postmates for $2.65 billion
Uber has announced that it will acquire US on-demand food delivery startup Postmates for approximately $2.65 billion in an all-stock transaction.
Belgium mobility startup Skipr secures €7 million to fund European expansion
Skipr, a Belgian startup that enables companies to bring the future of mobility to their employees, has secured a seven million euro Series A round of funding.
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.
[Startup Interview] Riaan Rautenbach, CEO, Live Fr8, South Africa
LIVE FR8™ is a South African startup that offers cargo suppliers and transporters improved and cheaper logistics services through cloud technology. Cargo suppliers and transporters connect directly.
French startup Monk raises $2.4m Seed round to develop AI-based inspection technology
French startup Monk, an Artificial Intelligence focused on car damage detection announced a $2.4 million fundraising Seed round led by Iris Capital, alongside Plug and Play and key business angels.
French healthtech startup Ambler raises €6 million to accelerate digitalization of medical transport
18 months after its first fundraising, Ambler has completed a € 6 million round of financing with Bpifrance via the Digital Venture pole, Idinvest Partners, Partech and Kima Ventures to accelerate the development of its platform for connecting carriers sanitary and health establishments.
UK startup Planet Smart City expands further in Brazil with new smart city launch
Planet Smart City startup, the global leader in smart afordable housing, has expanded its presence in Brazil with the launch of its fourth smart project in the country- Smart City Aquiraz.
Spain startup Zeleros raises €7m in financing to lead the development of hyperloop in Europe
Zeleros Hyperloop startup has completed a financing round worth more than €7 million for the company to start a new and important phase in the development of its unique version of hyperloop, the fifth mode of transport.
India’s Ola Electric acquires Dutch scooter startup Etergo
Ola Electric, an offshoot of Indian ride-hailing company Ola, has acquired Etergo BV, an innovative electric scooter OEM, based out of Amsterdam, the Netherlands.
Bolt raises €100m from Naya Capital to expand transport, food delivery services in Europe and Africa
Estonia-based Bolt has closed an investment round of €100m from Naya Capital Management to help the company continue to scale its product segments from ride-hailing to micro-mobility and food delivery in Europe and Africa.
BlaBlaCar partners with Voi Technology to offer e-scooters in France
Carpooling platform BlaBlaCar has chosen to extend its offer and partner with Swedish electric scooters company Voi Technology to offer BlaBla Ride Scooters.
Dutch e-bike startup VanMoof raises $13.5 million for global expansion
Dutch e-bike tech scale-up VanMoof, has raised approximately $13.5 million from Europe’ top venture capital firms Balderton Capital and assembly partner SINBON Electronics.
DispatchTrack announces $144 million funding to optimize last-mile logistics
DispatchTrack, a provider of SaaS-based last-mile logistics solutions in San Jose California, has closed a $144 million growth transaction led by Spectrum Equity.
Intel acquires urban transit startup Moovit for $900 million
Global tech multinational Intel Corporation has acquired Moovit, a mobility-as-a-service, MaaS, solutions startup, for an estimated $900 million.
[Startup Interview] Ali Messoudi, President, Transpare, Morocco
Transpare is a digital platform that makes international freight transport easier. Like Booking or Trivago for tourism, we put in relationship shippers and freight forwarders. Transpare.eu is totally free, both can register themselves in a few minutes only. Then they ask a quotation
[Startup Interview] Fahim Saleh, Founder, Gokada, Nigeria
Fahim Saleh founded the Lagos-based transport service app, Gokada, in February 2018. He now holds the position of co-CEO alongside Ayodeji Adewunmi. Gokada has since become an accepted and often-used means of efficient transport in the populous city.
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