Startups news
Africa’s 5 Unicorn Startups – Which Has the Highest Valuation?
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Nigeria’s Andela Achieves $1.5-Billion Valuation in Latest Series E Round
Image sourced from TechCabal. Andela, a global engineering talent outsourcing company launched in Nigeria in 2014 has secured a $200-million investment during a Series E funding round led by SoftBank Vision Fund 2, the venture capital arm of Japanese mega-corp SoftBank. This latest funding round brings Andela’s total valuation to $1.5-billion, officially making it Africa’s fifth unicorn startup. According to TechCabal, Andela began as an African-focused software developer training and outsourcing company. The firm soon grew to become a top source for talented, well-rounded developers in Africa thanks to the company’s developer training methodology and curriculum. The company received a comfortable $24-million injection from Facebook’s Mark Zuckerberg in 2016. Last year, Andela went complet...
Incubation Hub for African Entrepreneurs Opens in Johannesburg
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4 Lessons Private Equity Can Learn After a Huge 2020 for African VC
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Elon Musk’s Neuralink Brain-Computer Devices Raise $205-Million
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Startup “Unicorns” Help Mobile Money Soar in Africa
Image sourced from WeeTracker. /* custom css */ .tdi_4_c6c.td-a-rec-img{ text-align: left; }.tdi_4_c6c.td-a-rec-img img{ margin: 0 auto 0 0; } A recent GSMA report reveals that there are 1.2 billion registered global mobile money accounts. 560-million of these registered accounts are in Africa. The GSMA, which represents several mobile network firms, states that “Sub-Saharan Africa has been at the forefront of the mobile money industry for over a decade, and in 2020 continued to account for the majority of growth.” FinTech Unicorns Running Wild in Africa Now, five African fintech startups, Flutterwave, ChipperCash, Interswitch, Paga and OPay are now being identified as “unicorns” by investors, the business media and analysts following the surge of mobile payments. /* custom css */ .tdi_3_4...
Kenyan Food Delivery Startup Secures $1-Million Pre-Seed Ahead of August Launch
Image sourced from TechCabal. /* custom css */ .tdi_4_0b0.td-a-rec-img{ text-align: left; }.tdi_4_0b0.td-a-rec-img img{ margin: 0 auto 0 0; } Upcoming Kenyan food delivery startup Kune has closed a pre-seed funding round at $1-million in investments. The startup, which seeks to prepare and deliver freshly-made, ready-to-eat meals at affordable prices, will look to use the capital boost to scale its on-demand services before its planned launch in August later this year. The pre-seed funding round was led by Pan-African venture capital consortium, Launch Africa Ventures, and supported by Century Oak Capital GmbH, Consonance and Pariti, an ecosystem management firm. /* custom css */ .tdi_3_884.td-a-rec-img{ text-align: left; }.tdi_3_884.td-a-rec-img img{ margin: 0 auto 0 0; } Kune on the Go T...
Agritech SupPlant Raises $10-Million to Accelerate South African Agriculture Growth
Sourced from Getty Images. /* custom css */ .tdi_4_476.td-a-rec-img{ text-align: left; }.tdi_4_476.td-a-rec-img img{ margin: 0 auto 0 0; } Today SupPlant, a leading precision agriculture hardware-software solution, has announced its recent funding round, raising $10-million partially dedicated to accelerating its penetration into the South African Market. The round is co-led by Boresight Capital, Menomadin Foundation, Smart-Agro Fund and Mivtah Shamir. The raise brings SupPlants’s total funding to more than $19-million. New Challenges Faced by Farmers The round comes amidst global warming impacting South African farmers who are dealing daily with the unpredicted climate that is changing rapidly causing tropical storms, cold spells, heat waves and constant lack of irrigation water. /* custo...
INTERVIEW Africa’s Business Heroes Awarding $1.5-Million to Africa’s Next Top Tech Entrepreneurs
Image sourced from China Daily. /* custom css */ .tdi_4_240.td-a-rec-img{ text-align: left; }.tdi_4_240.td-a-rec-img img{ margin: 0 auto 0 0; } The worldwide pandemic has spurred digital transformation across the African continent. Tech is booming in Africa, it is all too clear to see. Now more than ever, driven African entrepreneurs and startup founders are innovating new waves into the ocean of technology. All they need is funding. Enter: The Africa’s Business Heroes (ABH) initiative – Alibaba founder Jack Ma’s flagship philanthropic program is spotlighting and celebrating the continent’s top entrepreneurs and startups. /* custom css */ .tdi_3_600.td-a-rec-img{ text-align: left; }.tdi_3_600.td-a-rec-img img{ margin: 0 auto 0 0; } Africa’s Business Heroes is calling for applicants to the ...
Cape Town Tech Startup Secures $14.5-Million More in Funding
“In emerging-market megacities, hundreds of millions of people use public transport to get where they need to go. Before WhereIsMyTransport, there was no central source of data for these networks, despite their size, scale, and importance,” reads a blurb on the startup’s official website. “WhereIsMyTransport helps people understand mobility in emerging-market megacities. We’re trusted by industry leaders like Google, the World Bank, and WSP.” Founded in Cape Town in 2015, the tech startup focusing on mobility creates data maps for formal and informal public transport networks in cities and uses this data and tech to improve the public transport experiences of commuters. WhereIsMyTransport hopes to make public commutes more reliable, predictable, safe, inclusive and more accessible to indiv...
4 Fresh Venture Capital Trends Shaping New African Investments
/* custom css */ .tdi_4_d6c.td-a-rec-img{ text-align: left; }.tdi_4_d6c.td-a-rec-img img{ margin: 0 auto 0 0; } With the second half of 2021 approaches and COVID-19 vaccinations roll out across the globe, albeit at varying rates, Ian Lessem, Managing Partner at HAVAIC, investors in early-stage, high-growth technology businesses, considers the trends making an impact on the African Venture Capital landscape. Homegrown Solutions With the world having adjusted to new ways of shopping, learning, and doing business as a result of the COVID-19 pandemic, the appetite for solutions that solve real, tangible problems are without a doubt the best opportunities for growth. Solutions that offer people and organisations better ways of living and working with less friction will reign supreme. In the Afr...
