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
Naspers to spend over $300 million seeking its first major African tech startup boost Africa’s most valuable company is putting more of its vast war-chest of investment dollars to work in South Africa. Naspers, the Cape-Town based giant, has announced plans to invest $314 million in tech businesses in South Africa over the next three years. Of that amount, around $92 million will be committed to Naspers Foundry, a startup fund for tech businesses. The fund, …Read More
Egypt’s HitchHiker raises $200,000 for its international P2P shipping platform Cairo-based HitchHiker has raised $200,000 for its international P2P shipping platform, the startup announced today. The investment came from Dubai-based angel investors. Founded last year by Hussein Mahmoud El-Terawy and Hassan Selim, HitchHiker likes to call itself a social network (available as an Android and iOS app) that connects people wanting to ship something from Point A to Point B internationally with …Read More
Here are the 10 startups pitching at Seedstars Lagos Global early-stage startups competition Seedstars has already picked African winners in Egypt, Tunisia, Zimbabwe, Morocco, Ghana, Rwanda, Libya, Uganda, Senegal, the Democratic Republic of Congo (DRC), Kenya, Mozambique, Guinea Bissau and Angola, and will hold its Lagos event on October 19 at Seedspace Lagos. Besides representing Nigeria at the Seedstars Regional Africa Summit, the winner will receive an all-inclusive trip to Switzerland to compete at the Seedstars Summit in April, with up to US$1 million in …Read More
Microsoft funds three African startups to boost rural internet access Microsoft has, through its Airband Grant Fund, invested an undisclosed amount in three startups to provide internet access and cloud-enabled solutions to underserved African communities. The three startup are: Mesh Power and ColdHubs which hail from Rwanda and Nigeria, respectively, and Agsol — which is registered in Hong Kong and Australia — has operations in Kenya. The three were part of eight startups from the US, Africa and …Read More
10 African Innovators Selected For Global Accelerator Startupbootcamp AfriTech Startupbootcamp (SBC) AfriTech today announced the Top 10 African Innovators selected to participate in the globally renowned, multi-corporate backed accelerator program for 2018. Post an intensive 3-month global scouting tour, across 15 countries, and inclusive of 19 FastTrack events and 220 face-to-face startup engagements, the SBC AfriTech team received 1,004 applications from 73 countries in total, attracting double the applications …Read More
33 African startups make it into 2018 Innovating Justice Challenge finals A total of 33 African justice innovators and legaltech startups have made it into the final round of the 2018 edition of the Hague Institute for Innovation of Law’s (HiiL) Innovating Justice Challenge. The Hill Justice Accelerator (HJA), which runs the challenge, announced the finalists in a blog post earlier this month. The accelerator stated that finalists were selected based on their impact, …Read More
Nigeria’s TaxiTV secures seed funding from Beta.Ventures Lagos-based advertising technology startup TaxiTV has secured an undisclosed amount of funding in a seed round led by Beta.Ventures as it looks to scale its product, expand to other cities and improve its sales execution. The funding round – which Osiyale says is worth over US$50,000 – is led by Beta.Ventures, while other backers include Collins Onuegbu of Sasware, Sam Senbanjo …Read More
Kenyan insurtech startup Bismart raises funding from GreenTec GreenTec, headquartered in Frankfurt, Germany, will invest an undisclosed amount of money in Bismart to enable the company upscale its digital and online platforms to connect customers to insurance and investments solutions available in the African market. The agreement, announced in Frankfurt, will see Bismart benefit from GreenTec’s expertise and experience in funding start-ups in Africa through capacity building, and …Read More
Make-IT in Africa has launched investment guides to its beneficiaries Make-IT in Africa, an African initiative that is currently operating in Kenya and Nigeria to support entrepreneurs by explaining to them how to access capital and foster on financial opportunities by sharing information. The initiative is also purposely working to match startups and investors by introducing funding instruments and sharing investors directories. Through their partnership with Allied Crowds and Victoria Ventures, …Read More
