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InDrive Launches Ventures and M&A Arm to Invest $100 Million in Startups Across Emerging Markets
InDrive will be investing vertically and horizontally from the ride-hail industry, with an eye toward either acquiring or using the services of those companies.
- Categories
- Investing, Transportation
- Region
- Global
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Bolt Food to Close South Africa, Nigeria Operations
Rising petrol prices, inflation and the economic downturn are some of the macro-economic factors negatively affecting the food delivery market.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, failure, startups
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Cognna Secures $2.25 Million in Seed Funding Led by Impact46
COGNNA, a trailblazer in cybersecurity within the Middle East and North Africa region, has completed a seed funding round, amassing over $2.25m.
- Categories
- Investing, Technology
- Region
- North Africa & Near East
- Tags
- cybersecurity, fintech, startups
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Nigeria’s UfarmX Expands to Senegal to Power Next Generation of Farmers Through Blockchain
Nigerian agri-tech startup UfarmX leverages blockchain technology to empower rural, unbanked and underserved smallholder farmers.
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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Shekel Mobility Secures $7 Million to Drive Vehicle Financing in Africa
Shekel Mobility, a B2B trading platform catering to car dealers in Africa, secured a $7 million seed in a round led by Ventures Platform and MaC VC.
- Categories
- Transportation
- Region
- Sub-Saharan Africa
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Norrsken22’s Debut Fund Closes at $205 Million to Back Growth-Stage Startups in Africa
Norrsken22’s target remains investing in approximately 20 startups. The fund’s typical investment ticket size averages around $10 million.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
-
Sustainable Packaging Startup Fibmold Secures $10 Million Funding From Omnivore, Accel
The startup claims to manufacture the packaging items from natural fibers, including bamboo, bagasse, husk, wheat straw, or even waste paper depending on the end-use.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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South African Insurtech Startup Inclusivity Solutions Raises USD 1.5 Million in New Funding Round
Inclusivity Solutions employs technology and strategic partnerships to make affordable insurance accessible to consumers in emerging markets.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- impact investing, insurance, scale, startups
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