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How African startups raised investments in 2020

TechCrunch

With other outlets like media publications WeeTracker and Disrupt Africa disclosing different results for the African venture capital market, we compared and contrasted their results last year. Mauritius-headquartered companies received $110 million while African startups headquartered in the U.K. million; Nigeria followed with $150.4

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Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

And in trying to sweet-talk investors, what’s not taken into context or often disregarded is that Africa is a fragmented $3 trillion market. Trade has the least startup activity in a market that received $5 billion in VC funding last year. . The continent is also home to more than 1.2

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professionals

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Cleantech Qotto embarks on growth plan backed by $8M funding

TechCrunch

Qotto , a solar kits provider with operations in Burkina Faso and Benin, has raised $8 million in a Series A equity-debt round led by the IBL group, a billion-dollar conglomerate headquartered in Mauritius with business interests in a number of sectors including energy, financial services, logistics, distribution, and engineering.

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Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa

TechCrunch

“We are primarily focused on expanding across Africa in 2022 and in other emerging markets globally,” Wowzi co-founder and CEO, Brian Mogeni, told TechCrunch. “We Wowzi makes it possible for brands to partner with social media users for marketing campaigns. We offer a really comprehensive reporting dashboard online.

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Goldman Sachs spinoff Juven to back African high-growth companies with large checks

TechCrunch

Mauritius and U.K.-based The one-year-old firm is looking to invest large checks in companies “that have proven business models, strong revenue traction and large addressable markets,” it said in a statement. What we know (and don’t) about Goldman Sachs’ Africa VC investing.

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Savannah Fund launches $25M fund to invest in African startups at seed and Series A

TechCrunch

This is the second fund for the nine-year-old Mauritius-headquartered investment firm. The firm has a presence in Kenya, South African and Tanzania, but its core markets remain Kenya, Nigeria, and South Africa. South African startup Aerobotics raises $17M to scale its AI-for-agriculture platform.

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ChatGPT: Everything you need to know about the AI-powered chatbot

TechCrunch

Major brands are experimenting with it, using the AI to generate ad and marketing copy, for example. owners of Mercedes models that use MBUX will be able to opt into a beta program starting June 16 activating the ChatGPT functionality. ” They’re all chasing after a customer service software market that’ll be worth $58.1

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