Egyptian B2B trucking marketplace Trella has secured a further significant debt facility from ALMA Sustainable Finance (ALMA) and the US International Development Finance Corporation (DFC) to support the growth of its operations. Founded in 2018, Trella is a B2B technology platform and trucking marketplace connecting shippers with carriers in real-time. Active across the Middle East [...] Read more ›
14
Egyptian startup FlapKap, a tech-enabled revenue-based financing platform that aims to revolutionise the e-commerce space, has announced the close of its US$3.6 million seed round. Founded earlier this year by Ahmad Coucha and Khaled Nassef, FlapKap helps online stores to maximise their growth potential by using artificial intelligence-based insights and financial data analytics to assess [...] Read more ›
0
South African startup Snapt, a provider of software-based load balancers and application delivery controllers (ADCs), has closed its doors after appearing to run out of funding. Snapt, which was founded in South Africa in 2012, established an independent sales and marketing arm in the United States (US) in 2015 to cope with increasing demand. In [...] Read more ›
6
Nigeria is the most popular tech startup investment destination in Africa – between 2015 and 2022, 383 tech startups raised a combined US$2,068,709,445. That is according to the Nigerian Startup Ecosystem Report 2022, released by startup-focused content and research company Disrupt Africa, which utilises Disrupt Africa’s datasets, expertise and networks to document what startups are [...] Read more ›
18
The Nairobi-based Purple Elephant Ventures (PEV), a tourism-focused venture studio, has closed a pre-seed round of US$1 million from a group of well-known global investors to help it launch startups that will drive Africa’s tourism sector towards a greener future. Founded by CEO Ben Peterson, previously senior partner at AHL Venture Partners; Jan Van der [...] Read more ›
18
Thirty-six startups from across the continent have been shortlisted for the 2022 MEST Africa Challenge, the winner of which will secure US$50,000 in equity funding. Founded in Ghana in 2008 by serial entrepreneur Jorn Lyseggen, MEST is a pan-African software and entrepreneurship training programme, seed fund, and incubator helping to launch technology startups across the [...] Read more ›
15
Nigerian startup Tix is reducing technical barriers for event creators to give them complete control of their events. Launched in 2019 as Festival Coins, Tix Africa is an event technology platform that helps event organisers harness granular data from attendees, reducing costs and maximising revenues in the process. The app provides tools and services that [...] Read more ›
0
As entrepreneurs we often find ourselves in the difficult situation that not all areas of our company are working as they should in order to be scalable and get investment. But we also know that when starting a business, we are often limited in manpower, financial flexibility or the specific knowledge and are therefore struggling [...] Read more ›
5
Egyptian beauty services booking platform Glamera has raised a US$1.3 million seed funding round to help it expand operations across the MENA region. Launched in September 2019, Glamera allows users to book appointments with hundreds of contracted providers covering all beauty sections, including salons, clinics, spa, gym, and dental. The startup has tens of thousands [...] Read more ›
36
The African Development Bank (AfDB)-financed Incubation Centre of Excellence has opened its doors at the Pan African University Institute for Basic Sciences Technology and Innovation (PAUSTI), seeking to promote and drive innovation, creativity, entrepreneurship, and private sector linkages. PAUSTI is a postgraduate hub of research and innovation, offering four masters and PhD programmes, which is [...] Read more ›
8
African tech startups raised US$2.7 billion in total funding in the first three quarters of 2022, almost 30 per cent more than the US$2.1 billion banked in the entirety of 2021. The seventh edition of Disrupt Africa’s annual African Tech Startups Funding Report, released in January, found 564 startups raised a combined US$2,148,517,500 in 2021, [...] Read more ›
0
South African prop-tech startup PropSource has raised an undisclosed amount of funding as it builds out its residential product offering. PropSource is a commercial property brokerage that works closely with listed nationals, or reits, nationwide to fill vacancies in their property portfolios. The startup has built its property database via technology, and has over 3,500 [...] Read more ›
0
The Smart Energy Solutions for Africa (SESA) consortium project has launched the first “SESA Call for Entrepreneurs”, seeking small and medium-sized enterprises, particularly women-led, with a focus on sustainable energy solutions in Ghana, Malawi, Morocco and South Africa. Reliable, affordable, and sustainable energy access has been a challenge for rural communities in Africa. SESA, a [...] Read more ›
8
South Africa’s Cape Innovation & Technology Initiative (CiTi) has opened its new East Africa office in Kigali, Rwanda, and announced a collaboration with the Allan & Gill Gray Philanthropy’s (AGGP) Jasiri Talent Investor programme and the Jasiri Accelerator. CiTi is a not-for-profit impact organisation and Africa’s oldest tech incubator, having been supporting African entrepreneurs for [...] Read more ›
15
Egyptian Internet of Things (IoT) startup CardoO has raised a US$660,000 seed round of funding to help it achieve its goal of becoming the leading Arab brand for premium and price-effective smart devices. CardoO facilitates access to the latest affordable consumer electronics and IoT devices for MENA consumers, offering these products through online sales, direct [...] Read more ›
42
Six ocean-focused startups have been selected for OceanHub Africa (OHA), the first and only ocean impact focused business accelerator on the continent. OHA is ocean-impact catalyst initiative supporting ocean-impact ventures through acceleration programme and leadership of global ocean-minded ecosystem, nurturing an environmentally conscious and profitable economy that would effectively mitigate the oceans’ over-exploitation and pollution, [...] Read more ›
1
Ugandan startup Pieme is a social platform that enables locals to turn their homes into part-time restaurants, guest houses, or event venues. Pieme was founded in 2018 when Joshua Muhindo and John Kainja visited Kenya from Uganda, and wanted to experience authentic homemade meals and meet locals over a plate of ugali, sukuma, and nyama [...] Read more ›
5
Egypt’s Partment, a prop-tech startup that offers co-owned second homes, has closed a US$1.5 million pre-seed funding round to enhance the infrastructure of its platform and deploy its MVP. Founded in 2022, Partment offers a hassle-free solution for second home co-ownership. Through a digital platform and smart booking system, the startup enables users to co-own [...] Read more ›
0
Forty-three inclusive African startups have been selected to take part in the Social and Inclusive Business Camp (SIBC), a yearly acceleration programme designed to help the most promising high-impact African entrepreneurs scale up their businesses. The SIBC aims to support entrepreneurs and create long-lasting connections with a wide range of ecosystem stakeholders through innovative training [...] Read more ›
2
Franziska Reh does not have your typical investor background, if there is such a thing. Brought up in Germany, she spent her teens at Greenpeace, before working at Deutsche Bank in Frankfurt, New York and Russia. “I later moved to strategy consulting, which I’ve done for a few years with a focus on corporate sustainability [...] Read more ›
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Most popular sources
Business Insider
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34% 5 |
Tech Wire Asia
|
12% 4 |
CNET
|
9% 3 |
Tom's Hardware
|
7% 4 |
The Verge
|
6% 1 |
| View sources » | |
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29.11.2024 06:33
Last update: 06:26 EDT.
News rating updated: 13:22.
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