Tag: Investment News
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Nigerian Fintech Startup Youverify Secures $2.5 Million for Global Expansion
Nigerian identity verification platform Youverify has secured $2.5 million in pre-Series A funding.
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Addis Ababa EV Startup Dodai Secures $4 Million in Series A Funding
Ethiopian electric vehicle (EV) startup Dodai has raised $4 million in its Series A funding round, marking a significant milestone for the company and the Ethiopian startup ecosystem.
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Flat6Labs and Organon Partner for Second Women’s Health Tech Incubator in MENA
Flat6Labs, a leading seed-stage venture capital firm in the Middle East and North Africa (MENA) region, and Organon, a global healthcare company devoted to women’s health, have joined forces to launch the second cycle of the Women’s Health Accelerator Program.
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South African Satellite Tech Company Simera Sense Secures $14.5 Million Funding For Growth
Simera Sense, a leading provider of optical solutions for Earth observation satellites, has secured €13.5 million (US$14.75 million) in a growth funding round.
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FSD Africa’s Bimalab Africa Insurtech Accelerator Program Gets $600,000 For Africa Expansion
The Bimalab Africa Insurtech Accelerator Program has secured a significant funding boost of $600,000 from the Swiss Re Foundation.
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Nigerian Game Developer Maliyo Becomes the First African Developer to Partner With Disney
In a first for the African continent, Nigerian game developer Maliyo Games has partnered with Disney Games to launch a mobile game based on the new Disney+ animated series “Iwájú.”
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South African Car Subscription Startup Planet42 Secures $16 Million Funding
South Africa car subscription startup Planet42 has secured $16 million (R300 million) in local currency debt and equity funding from Standard Bank.
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Kenya to Get First-Ever Geothermal Powered Data Center in Partnership with UAE
Kenya has signed a landmark agreement with the United Arab Emirates to develop the world’s first data center powered by geothermal energy.
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Mastercard and SAVA Join Forces to Empower African SMMEs With Innovative Financial Tools
Mastercard has partnered with Johannesburg-based fintech company SAVA to bolster financial inclusion for small and medium-sized businesses (SMMEs) in Africa.