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Egyptian logistics startup, Bosta announce expansion plans to SA, UAE in 2022.

Egyptian logistics startup, Bosta announce expansion plans to SA, UAE in 2022.

Egypt-based logistics and last-mile delivery startup, Bosta, has announced plans to launch its presence in South Africa and the United Arab Emirates (UAE) in 2022. This expansion is coming on the heels of a $6.7 million Series A funding round led by Silicon Badia with other participating local and

Franco-Senegalese Startup, Fleeti, Raises $1.1 million in Seed Funding

Franco-Senegalese Startup, Fleeti, Raises $1.1 million in Seed Funding

Fleeti, a Franco-Senegalese startup and fleet management solutions for Africa, has raised $1.1 million in seed investment from Newfund, Groupe Clim, Janngo, SkalePark, Mapinvest, and several business angels. Founded in July 2020 by Iban Olcomendy and Gabriel Delerue. Fleeti brings a new dynamic to the fleet management sector in

Algerian Logistics Startup, Yassir, raises $30m in Series A

Algerian Logistics Startup, Yassir, raises $30m in Series A

Algeria-based logistics and last-mile delivery startup, Yassir, has raised $30m in a Series A round led by WndrCo, DN Capital, Kismet Capital, Spike Ventures, and Quiet Capital. Endeavor Catalyst, FJ Labs, VentureSouq, Nellore Capital, Moving Capital (the Uber alumni investment club). Notable angel investors include Cleo Sham, former director of

Nigerian Delivery Startup ShapShap Secures Funding From GreenTec

Nigerian Delivery Startup ShapShap Secures Funding From GreenTec

Nigerian fragmented logistics and delivery startup, ShapShap, has received an undisclosed investment sum from GreenTec Capital Partners, an Africa-focused venture capital firm. ShapShap was launched in 2019 by Khalil Halilu to provide an all-in-one platform designed to ease delivery for all stakeholders. The startup is currently involved in servicing logistics,

Egyptian Legaltech Startup, Hekouky, Secures Pre-seed Funding from Nama Ventures

Egyptian Legaltech Startup, Hekouky, Secures Pre-seed Funding from Nama Ventures

Egyptian Legaltech platform that helps entrepreneurs and company owners form organizations and register trademarks Hekouky, has announced it raised an undisclosed amount in a pre-seed fundraising round led by Nama Ventures. Hekouky was founded in 2020 by Hala Riad, Mayy Abdelbary, and Fatima Khalil with the aim of digitalizing users’

Nigerian fintech, OnePipe secures $3.5m in seed funding

Nigerian fintech, OnePipe secures $3.5m in seed funding

Nigerian API infrastructure fintech startup, OnePipe, has secured $3.5m in seed funding. The seed round which is coming a year after OnePipe raised $950,000 in pre-seed funding, was led by Atlantica Ventures. Tribe Capital and V&R associates. Canaan Partners, Saison Capital, Norrsken, The Fund, and Two

Nigerian B2B Retail Startup, Sabi, Raises $6m

Nigerian B2B Retail Startup, Sabi, Raises $6m

Nigeria-based B2B startup -a spinoff from Rensource (an African energy firm that provides consumers with power-as-a-service), Sabi, has announced it closed a $6m bridge deal led by CRE Ventures, a pan-African VC fund. Sabi spawned out of Rensource which has been led by Ademola Adesina and Anu Adasolum since its

South African Endeavor Raises $8m To Fund Startups In South Africa

South African Endeavor Raises $8m To Fund Startups In South Africa

Endeavor South Africa, a community of high-impact entrepreneurs, has announced it raised $8m in its Harvest Fund II for South African startups. A statement released by the organization has said that the fund which has already invested in six technological startups, with four more in the pipeline, will be fully

South African Fintech Firm, Crossfin, Acquired For $94.3m

South African Fintech Firm, Crossfin, Acquired For $94.3m

South African Fintech startup Crossfin has been acquired by Ethos’ Mid-Market Fund I (EMMF I) and Patrice Motsepe’s African Rainbow Capital (ARC) in a deal worth $94.3m. The EMMF I and ARC consortium deal will provide the Crossfin with much-needed exposure in Fintech, and according to a statement

Busha raises $4.2m seed funding to scale its crypto exchange platform

Busha raises $4.2m seed funding to scale its crypto exchange platform

Nigeria-based cryptocurrency exchange, Busha has raised $4.2 million in investment led by Jump Capital. Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round. Busha which has been scaling its services across Nigeria since 2019 will now deploy the new

South African Mobiz Secures $4m from South African VCs

South African Mobiz Secures $4m from South African VCs

South African e-Commerce startup integrating hyper-personalization into mobile marketing, Mobiz, has secured $4m from HAVAÍC, Futuregrowth, Launch Africa, Allan Gray E-Squared Ventures, CapaciTech, and Endeavor’s Harvest Fund. The funding aims to propel the startup’s growth into the United States and increase its marketing, sales, and account management activities.

Kenyan startups can apply for grants of up to $113k

Kenyan startups can apply for grants of up to $113k

The Federal Development Ministry (BMZ) has invited Kenyan startups to apply for grants of up to $113k from the second cohort of the develoPPP Ventures program. Recall that the develoPPP Ventures program was launched in the middle of the year on behalf of the German Federal Ministry of Economic Cooperation

GCC based Venture Firm, VentureSouq, launches $50 million fund For MENAP Startups

GCC based Venture Firm, VentureSouq, launches $50 million fund For MENAP Startups

GCC-based venture capital firm VentureSouq (VSQ) announced the launch of its MENA FinTech Fund I, the region’s first sector-specific fund for startups across the Middle East & North Africa, and the Pakistan region (MENAP). The $50 million VentureSouq fund invests in early-stage startups with a primary focus on key

Egyptian Fintech Startup, Hollydesk, Raises $325k Pre-seed Funding Round

Egyptian Fintech Startup, Hollydesk, Raises $325k Pre-seed Funding Round

Egyptian Fintech startup, Hollydesk, has announced it raised $325k in pre-seed funding round to further expand its services and solutions in new markets in the region. The round was led by angel investor Faisal Abdel Salam and other investors. Hollydesk is a Cairo-based Fintech startup launched in 2020 to manage

Mecho Autotech announces funding from Ingressive Capital, Ventures Platform, others

Ingressive Capital

Mecho Autotech announces funding from Ingressive Capital, Ventures Platform, others

Nigerian startup Mecho Autotech has secured an undisclosed amount of funding from VC firm Ingressive Capital, Ventures Platform, Tekedia Capital Investment, and Mono’s CEO Abdul Hassan. The startup intends to use this new funding to improve the quality and reliability of its auto care services in Nigeria. Launched in

Nigerian mobility startup, Treepz closes $2.8m seed, acquires Ugandan bus company, Ugabus

Nigerian mobility startup, Treepz closes $2.8m seed, acquires Ugandan bus company, Ugabus

Treepz, a Nigerian shared mobility startup has announced the close of its seed round at $2.8 million after about 3 months. The startup also announced its expansion to Uganda with the acquisition of Ugandan bus company, Ugabus. According to Treepz, Ugabus, which will be rebranded by Treepz Uganda on

South Africa based VoxCroft secures $2M Series A Funding from Knife Capital

South Africa based VoxCroft secures $2M Series A Funding from Knife Capital

VoxCroft Analytics, a South African open-source intelligence startup, has secured a $2 million investment from Knife Capital. This investment will help accelerate its already rapid expansion in the United States and other foreign markets. VoxCroft has offices in South Africa and the United States, and a global network of more

SA fintech startup, Paycode, secures funding from Investment One Financial Services Limited

SA fintech startup, Paycode, secures funding from Investment One Financial Services Limited

South African fintech startup, Paycode, has secured an undisclosed investment from one of Nigeria’s leading financial services providers, Investment One Financial Services Limited (Investment One). This deal was made through its Venture Capital subsidiary, Investment One Vencap Limited. In a statement, Paycode said this latest investment will be used

Egyptian Edtech startup Educatly raises $1m pre-seed round

Egyptian Edtech startup Educatly raises $1m pre-seed round

Egyptian Edtech startup Educatly has closed a $1m pre-seed funding round to help it build on strong early growth by further developing its product and scaling up marketing efforts. Enterprise Ireland, Falak Startups, and other angel investors all participated in the round. Educatly was founded by Mohamed ElSonbaty, Abdelrahman Ayman,

2 Rwanda tech startups bank funding from Kigali-based Norrsken Foundation

2 Rwanda tech startups bank funding from Kigali-based Norrsken Foundation

Rwandan tech startups PesaChoice and Viebeg have raised undisclosed amounts of seed funds from the Kigali-based Norrsken Foundation. The Norrsken Foundation was founded by Niklas Adalberth in 2016; the firm aims at helping founders solve the world’s greatest challenges. The firm is now less than one month away from

Togolese Mobility Startup, Gozem, Expands To Cameroon

Togolese Mobility Startup, Gozem, Expands To Cameroon

Africa-focused ride-hailing, logistics, and food delivery startup, Gozem, has announced it will be expanding to Cameroon. Gozem was created by Emeka Ajene in 2018. The startup offers users a suite of services, including motorcycle-taxi transport to car-taxi transport, e-commerce to delivery & logistics services, to various financial services. Gozem which

South African fintech startup, Ozow bags $48m in a Series B round led by Tencent

South African fintech startup, Ozow bags $48m in a Series B round led by Tencent

South African fintech startup, Ozow has announced the close of a $48 million Series B funding round to enhance its product offering and expand into new markets. Ozow’s $48 million Series B round is led by the Chinese internet giant, Tencent, and also includes Endeavor Catalyst and Endeavor Harvest

South Africa’s AURA raises $4.7m Series A funding to expand its emergency service

South Africa’s AURA raises $4.7m Series A funding to expand its emergency service

South-African medical and security response platform, AURA, has raised $4.7m in a Series A funding round to scale its operations globally. The round was led by MultiChoice Group (MCG) with participation from KLT Holdings and Buffet Investments. Founded in 2016 by Warren Myers, Ryan Green and Adam Pantanowitz, AURA

Shuttlers raises $1.6m seed funding to expand its shared mobility service

Shuttlers raises $1.6m seed funding to expand its shared mobility service

Shuttlers, a Nigerian tech-enabled shared mobility startup has raised $1.6 million in seed funding to scale its operations across cities in Africa. The investment round was led by Chicago and Africa-focused investment firm VestedWorld. Other investors that participated were Payment giant Interswitch, Rising Tide Africa, CcHub Syndicate, Launch Africa,

Ugandan Startup, Zembo raise $3.4M from Toyota, DOB Equity and InfraCo Africa

Ugandan Startup, Zembo raise $3.4M from Toyota, DOB Equity and InfraCo Africa

Zembo, a French startup with operations in Uganda, has raised $3.4 million to help grow its electric motorcycle business in Kampala, Uganda. Mobility 54 Investment SAS, a corporate venture capital subsidiary of Toyota Tsusho Corporation and CFAO group, DOB Equity and InfraCo Africa all participated in the investment deal.