Funding and Acquisitions Nigerian medtech startup MDaaS Global raises over $1m in equity funding MDaaS Global, a Lagos-based medtech startup that builds and operates diagnostic centres in Nigeria, has raised just over $1-million in equity funding, reveals a US Securities and Exchange Commission filling made on (1 April). The filling states that up to 12 investors were involved in the round which commenced on 15 March. According to the filling the total offering amount was … Read More
Funding and Acquisitions Egyptian end-to-end distribution platform Brimore raises $800k seed round End-to-end distribution platform Brimore has announced that it has raised $800 000 in a seed round co-led by Algebra Ventures and Endure Capital. In a statement today (2 April) the Cairo-based startup said 500 Startups, Flat6labs and some undisclosed angel investors also participated in the round. Brimore’s platform provides manufacturers with direct access to local communities who can both use and promote the products. The startup was founded … Read More
Funding and Acquisitions Kenya’s Sokowatch, Asoko Insight, WaystoCap, TousFacteurs & MaxAB raise funding from Morocco-based Outlierz Ventures Morocco-based Outlierz Ventures, an early-stage VC fund backed by private investors from Silicon Valley, Middle East and Africa has made five investments in fast growing tech-enabled companies across five different markets. The startups include, Morocco’s WaystoCap, Kenya’s Sokowatch, UK’s Asoko Insight, France’s TousFacteurs, and Egypt’s MaxAB, The startups received investment tickets range between $50k and $500k in Seed stage and … Read More
Funding and Acquisitions Nigerian fintech firm TeamApt raises $5M Series A, led by Quantum Capital Partners. Nigerian fintech startup TeamApt has raised $5.5 million in capital in a Series A round led by Quantum Capital Partners. The Lagos based firm will use the funds to expand its white label digital finance products and pivot to consumer finance with the launch of its AptPay banking app. Founded by Tosin Eniolorunda, TeamApt supplies financial and payment solutions to Nigeria’s largest … Read More
Funding and Acquisitions BRCK Acquires the Surf Network BRCK has long been on a mission to create an onramp to the internet for people who can’t afford it regularly. To this end, we built the SupaBRCK that runs the Moja Network, and then started expanding that service in Kenya and Rwanda. Moja is about getting everyone online, even if you can’t afford it, by having businesses buy services … Read More
Funding and Acquisitions South African AI startup Xineoh secures $1.5m funding round SA tech company Xineoh has closed a $500 000 equity funding round and is now exploring opening a second office in Canada — in Toronto — the startup’s CEO and founder Vian Chinner revealed today. The company, which Chinner (pictured above) founded in 2010 and uses artificial intelligence (AI) to predict customer behaviour, already has offices in Canada’s Vancouver — as well … Read More
Entrepreneurship & Technology Our three year Journey as a startup First of I want to Give thanks to God, our readers, supporters, other tech media blogs, my co-founder, ya’ll are the reason we are still standing strong through the journey. Basically When you are a one runner, you carry the company load alone, what if the weight becomes a burden and you really feel like hanging the boots, quitting and … Read More
Funding and Acquisitions Andela Secures $100M Series D from One New Investor and 4 Existing Ones Andela, the company building distributed engineering teams with Africa’s top software developers, today announced the completion of a $100M Series D funding. The round was led by Generation Investment Management with participation from existing investors including Chan Zuckerberg Initiative, GV, Spark Capital, and CRE Venture Capital. Founded in 2014, Andela connects Africa’s engineering talent with the demand for software developers … Read More
Funding and Acquisitions GOODWELL ACQUIRES SHARE IN COPIA Goodwell Investments has acquired a share in Copia, a promising ecommerce business that specializes in supplying products and services to currently underserved consumers in rural Kenya. Copia has great potential to expand in that country and other emerging rural markets across Africa and beyond. Copia supplies products and services to “Base of the Pyramid” (BoP) consumers. Through a combination of … Read More
Funding and Acquisitions Uganda’s M-SCAN scoops the winner at Techcrunch Startup Battlefield Africa After Running an Event in Africa for the second time in Lagos, Nigeria: Techcrunch Startup Battlefield Africa where 15 companies took part in competing for the $25,000 equity free grand prize and a chance to attend the TC Disrupt 2019 in SF. The winner of the event was M-SCAN from Uganda, which develops portable mobile ultrasound devices (Ultrasonic probes) that are laptop, … Read More
