Egyptian health-tech startup, Yodawy has on Monday, announced the raise of a $7.5 million Series B round led by Middle East Venture Partners (MEVP), Algebra Ventures, and Global Ventures. Other participants in the round include Egypt’s CVentures, P1 Ventures, and Athaal Angel Investors Group. The startup which claims

Jeel Platform, an edutainment startup, has closed a seed funding round with $1.2 million from Kuwaiti and Jordanian angel investors. Based in Egypt and Saudi Arabia, the edutainment startup provides kids with shows, games, and stories that are both educative and entertaining. Founded in 2019 by Ahmed Sobaih, The

In March this year, The Hague Institute for Innovation of Law (HiiL) announced the start of its annual global Innovating Justice Challenge in search of the region’s best justice-related social entrepreneurs. The HiiL is a social enterprise devoted to user-friendly justice. That means justice that is easy to access,

Smile Identity, an Identity verification startup, has announced the raise of $7 million in a Series A round co-led by Costanoa Ventures and pan-African venture firm, CRE Venture Capital. Other investors that participated in the round include LocalGlobe, Intercept Ventures, Future Africa, and other unnamed angel investors. Exiting investors such

To increase the spread of its solutions to businesses in West Africa, Daystar Power, a leading provider of hybrid solar power solutions, has recently secured a facility of $20 million from the International Finance Corporation (IFC) to fund its project pipeline in Nigeria. This deal is coming on the heels

Omnisient, a South Africa startup that specializes in secure data sharing for businesses has recently announced the close of a $1.4 million funding round. The startup revealed that the investment will be used to expand the Omnisient team, accelerate product development and drive its international expansion plans to the

Nigerian fintech and lending startup Lidya has announced the close of a $8.3 million pre-Series B funding round. The round was led by Alitheia Capital via its uMunthu Fund. Bamboo Capital Partners, Accion Venture Lab and Flourish Ventures all participated in the round. In 2017, Lidya raised a $1.

Egyptian tech-focused Venture Capital firm, Algebra Ventures, has recently announced the appointment of Laila Hassan and Omar Khashaba to its second $90 million funds as General Partners. Both individuals collectively bring together a strong regional network and portfolio support expertise and a multi-stage investment experience. Laila previously worked with 500

Lagos based startup, Tix Africa, a self-service ticketing platform for event creators in Nigeria, has announced the close of a six-figure pre-seed funding round to scale up its events app. The funding round was led by HoaQ, a community of creators and operators interested in backing African startups. With participation

TECNO’s release of its premium flagship PHANTOM X hitting the mid-to-high-end brought no small disturbance. It is not only a major move for TECNO, but also a positive signal for the industry – mid-to-high-end smartphone technology and market has become more mature today, and market demand is likely to spread

Africa-focused early-stage investment firm VestedWorld has invested in Nigerian marketing technology company Terragon to increase its geographical reach, expand its product suite and develop new partnerships. The terms of the transaction were not disclosed Founded in 2011, Terragon offers a consumer insight and activation platform that aggregates, organizes, and enriches

After securing a six-figure investment in January this year, Egypt-based delivery startup, Zeew, has recently announced the raise of another $170,000 from Sanabil 500 MENA Seed Accelerator. The Accelerator is an initiative led by both Sanabil Investments and 500 startups. This latest fund brings the total investment received by