Funding

A collection of 142 posts

Funding

UAE Logistics Startup Cargoz Secures Undisclosed Bridge Fund for KSA Expansion

UAE-based logistics startup Cargoz has secured an undisclosed bridge funding round from Nama Ventures, RAZ Group and other angel investors from the UAE and Saudi Arabia. Cargoz plans to use the funds to launch in Riyadh by Q3, 2023 and scale its growth in the UAE. Founded by Premlal Pullisserry

Funding

Egypt's CardoO Rolls out IoT-powered Watch, Secures $660K in Pre-seed Round

Egypt-based Internet of Things (IoT) startup CardoO, has rolled out its first IoT-Enabled Smartwatch. The rollout follows CardoO’s closing of a $660,00 seed round from Alexandria Angel Network, with participation from Sofico Investments and other angel investors from Saudi Arabia. CardoO, which was founded in 2018, specializes in

Funding

Turkey AI Marketing Platform Insider Secures $105 Million

Turkey-based AI marketing platform Insider secures $105 million in new funding round. The fresh investment came from existing investors: Qatar Investment Authority and Esas Private Equity. This comes after the company raised a $121 million Series D at a $1.22 billion valuation in March last year, making it a

Funding

Turkey Foodtech Startup Bundle Kitchen Secures $1.25 Million in Seed Round  for Expansion

Turkey-based Foodtech Startup Bundle Kitchen has secured a $1.25 million seed round from Nuwa Capital, alongside participation from Turkish VC fund Kybele Investment. Bundle Kitchen will leverage this to develop the tech architecture and expand across the region. Founded in 2020, Bundle Kitchen is a leading multi-brand virtual food

Funding

Israeli Cybersecurity Startup Entro Secures $ 6 Million in Seed Funding

Israeli cybersecurity startup Entro has secured $6 million in Seed funding led by StageOne Ventures and Hyperwise Ventures and some Angel investors. The Angel investors include the founder of Trusteer and Transmit Security, Rakesh Loonkar, Mickey Boodaei, founder of Imperva, and Amichai Shulman, founder of Imperva and AirEye Founded in

Funding

Saudi Furniture Marketplace Baytonia Closes First Seed Round

Saudi-based online furniture marketplace Baytonia has closed its first seed round spearheaded by Khwarizmi Ventures with participation from angel investors. However, the amount of funding was not disclosed. The startup will use the fresh funding to develop its customer experience and service and expand its high-quality product offerings across the

Funding

UAE's LegalTech Clara Secures Investment From Plug and Play

UAE-founded legaltech startup Clara has secured an undisclosed investment from the global innovation platform, Plug and Play. In addition to the investment,  the legal tech startup has entered a partnership to provide access to its range of products to startup founders in Plug and Play’s ecosystem. Founded in 2018,

Funding

Plug and Play Reinvests On Morocco-Based B2B E-commerce Startup Chari

Plug and Play has invested a second round in the Moroccan e-commerce platform, Chari. However, the amount invested was not disclosed. The commitment in Chari forms part of Plug and Play’s inaugural cohort in Morocco in collaboration with the Mohammed VI Polytechnic University and Startgate. Chari is an e-commerce

Funding

Israel's AnD Ventures Closes First Fund at $70 Million

Early-stage VC firm, AnD Ventures has closed its first fund at $70 million. The fund backs Israeli-based founders and Pre-Seed ventures via its Studio model and Seed companies through its fund. Investments in the startups range from $100,000 to $200,000 while AnD’s studio investments range from $1-3

Base 10

Nigeria's NOMBA Secures $30M in Pre-Series B to Provide Tailored Payment Services to Businesses

NOMBA, a Nigerian fintech startup, formerly Kudi, has today announced raising $30 million to provide tailored-payment services to businesses. The San Francisco-based Base 10 Partners led the Pre-Series B investment round, with investment from existing investors like Partech and Khosla Ventures and new investors like, Helios Digital Ventures and Shopify

Creadev

Kenya’s Victory Farms Secures $35M to Expand Across East Africa

Victory Farms, a Kenyan-based aquaculture startup, has today announced the completion of a successful $35 million Series B funding round to expand its operations in Kenya and Rwanda and potentially enter Ethiopia, Uganda, and Tanzania. The funding round was led by Creadev, a global venture capital, with participation from Acumen

construction technology startup

Jumba Raises $4.5M Seed Round to Close Housing Gap in Kenya

Jumba’s $4.5 million seed funding round represents a significant milestone for the Kenyan-based construction technology startup. The funding will enable Jumba to scale its operations in Kenya to meet the growing demand for construction materials and tackle the country’s housing deficit estimated to be at 80%. With

comiblock

ComiBlock Secures Funding From California-Based Accelerator , Expert Dojo

ComiBlock, a Nigerian investtech startup has secured funding from a California-based development accelerator, Expert Dojo, in other to scale. The amount raised is yet to be disclosed by the startup. Comiblock was launched in February of 2021, as a crypto divestment advisory platform. With the use of a smartphone, users

Agritech

Farmerline Ghana Secures $1.5 million From Dutch Investor

Farmerline, a Ghanaian agtech startup has recently secured equity funding of One million Five hundred thousand US dollars ($1.5 million) from Oikocredit a Dutch impact investor. This is Farmerline’s second closing in its pre-series round. The dutch investment brings the total raised fund at Fourteen Million, Four hundred

Funding

Kippa raises $8.4m in seed round

Nigerian financial management app, Kippa has raised $8.4 million seed funding to help small and mid-size enterprises (SME). This comes after the company acquired payment solution service license (PSSL) from the Central Bank of Nigeria to act as a Super-Agent to its 500,000 merchants across 774 local governments

Funding

HelpMum receives $250,000 grant to deploy AI-enabled Immunization in Nigeria

HelpMum, a Nigerian healthcare social enterprise committed to reducing maternal and infant mortality rate in Africa has received a $250,000 grant from the Patrick McGovern Foundation to ensure the combination of artificial intelligence (AI) with its vaccination tracker. According to the founder, Dr. Abiodun Adereni, the fund will be

Africa

Nestcoin’s Metaverse Magna secures $3.2 million seed to build Africa’s largest crypto gaming community

Metaverse Magna (MVM) has raised $3.2 million seed to build Africa’s largest gaming decentralized autonomous organization (DAO). It was incubated in partnership with Old Fashion Research (OFR), a multi-strategy blockchain investment fund. This was after Nestcoin procured a pre-seed fund of $6.45 million in February of this

Funding

Egypt's Auto Service App, 3atlana Receives a Six-Figure Seed Round

3atlana, Egypt’s auto service app, has received a six-figure seed round from Ghabbour Auto, the country’s leading automotive manufacturing company, to strengthen its AI system. The 3atlana app allows its users to access door-to-door services, in which an engineer and mobile car center are dispatched to their location,

Funding

Ghana's Zeepay Raises $10 million Series A Round.

Zeepay has announced a Ten million US dollars ($10 million) Series A 5 funding round. Zeepay is a Ghanaian fintech company that is targeted at providing integrated mobile payment services which include mobile wallets for their audiences thereby making financial transactions for its users seamless. Zeepay launched in 2014 with

Artificial Intelligence

Health-tech, Ubenwa, Raise $2.5million in Pre-seed Fund

Ubenwa, a health-tech that engages the use of Artificial Intelligence, AI, and learning tools to diagnose infants (children within 0-6 months of age) has secured$2.5million in the pre-seed fund, granted to help the startup develop its operations and execute its marketing plans. Founded in 2017, by Nigerian, Charles

frontEnd

FrontEnd Ventures Prepares To Supports Kenyan Startups With $5Million

Kenya-focused venture capital fund, FrontEnd Ventures has closed its first $ 1 million venture capital fund to make funding available for early-stage startup founders in Kenya. Launched in 2021 by Steven Wamathai and Njeri Muhia, the venture capital is supported by a Five million US Dollars ($ 5 million) fund which is

Bloom

Bloom Secures $6.5 Million Seed Funding

Sudan’s first YC-supported startup, Bloom, has secured a $6.5 million seed to complete its expansion plan. The company plans to expand across the Anglo-East African countries, such as Zambia, Rwanda, Tanzania, Etiopia, and Kenya. Bloom is a Sudanese fintech company that offers a high-yielding saving service through its

Business

Creditchek raises $240,000 in a pre-seed funding

Nigerian fintech startup, Creditchek, has announced its success in raising pre-seed funding of $240,000. Co-Founder Ibe Kinsely took to LinkedIn to make this announcement. Creditchek is a financial service company developed to check and verify customers’ credit worthiness. According to Kinsley, Creditchek raised the pre-seed to build a reliable

Accelerator

Best Seed Funding Types Available for Early-stage Startups

Let’s talk funding. Funding rounds are part of the most important features of a startup, they make up its success story. Every business strives to gradually increase its customer base, make a return off of its initial investment, surpass its rivals, and eventually win much desired recognition. Although it’

Funding

Nigerian Startup, ShopEX snaps $400,000 Pre-seed from HAVAIC

Nigeria based multi-channel retail startup, ShopEX, has raised a pre-seed funding of $400,000 from Cape Town venture capital firm, HAVAÍC. The investment forms part of a US$635,000 convertible notes round alongside existing angel investors. This brings the total investment raised by the startup to $885,000, with