DisrupTech Ventures is an early-stage venture capital fund aiming to provide seed funding to up to 28 startups. The VC fund raised $36 million from several investors, including Development Finance Institutions, Funds-of-funds and Family offices. The investment is projected to be an important financing source for Egyptian tech companies, which often struggle to raise capital to bring their innovations to market.
Launched two years ago, DisrupTech was established to support early-stage Fintech and Fintech-enabled digital services startups focusing on Egypt. The firm adopts a hands-on approach from the beginning, partnering with talented entrepreneurs to transform their vision into reality.
French digital library YouScribe, owned by telecom giant Orange, has launched its services in Ghana, marking its second foray into an English-speaking African market.
Nigeria-founded mobility startup Moove has entered into a strategic partnership with Waymo, a global leader in autonomous driving technology, to establish operations in the United States.
The Mastercard Foundation Fund for Resilience and Prosperity is offering a new opportunity for SMEs in the agricultural sector across Sub-Saharan Africa.
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