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Today, a new activity takes us to Morocco, where YC-backed company Chari just raised a $5 million seed round at a valuation of $70million. Rocket Internet, Global Founders Capital and P1 Ventures co-led the round, which is the largest of its kind in Morocco at the moment. “The more we grow, the more we have funding.
In the latest development, Curacel , a Nigeria-based platform that aims to drive insurance penetration in emerging markets via APIs enabling insurers to connect with digital distribution channels and administer their claims, has raised $3 million in seed funding. So far, its tech caters to distribution and claims automation.
at Stanford and spending most of his professional life in Silicon Valley working at various companies, CEO Noureddine Tayebi returned to Algeria to get involved in the country’s nascent tech scene to start a company and build technical talent in the Maghreb region (Algeria, Morocco and Tunisia). After earning a Ph.D.
As businesses reopened globally and the pandemic drove people to adopt new habits in e-commerce, work, spending money, online delivery, and learning, venture capital into various industries was poised to increase immensely, and Africa would not be exempt. What’s a record year of funding without some unicorns? billion and $2.8
They include Algeria, Botswana, Egypt, Kenya, Lesotho, Malawi, Mauritius, Morocco, Mozambique, Senegal, Seychelles and South Africa. Next , they request the funds via bank transfer, leading to more incurred costs or use other cross-border money platforms like WorldRemit.
A true public/private partnership, the funding partners include Microsoft and craiglist Charitable Fund. The Morocco Team discussed how Youth Without Borders is a networked network and the Yemen Team pointed out how the Youth Leadership Development Foundation is one as well. lack of time and not seeing the value of social media.
million in seed funding. The latter is home to startups like Axie Infinity and Yield Guild Games, which have raised millions of dollars in venture capital owing to the adoption of crypto and play-to-earn models. Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets.
seed funding. As the adoption of telehealth continues, Ponea targets to grow its customer base by 500,000 in the next three years, and establish a presence in four other markets including South Africa, Nigeria, Egypt and Morocco. “We Nigeria’s YC-backed Remedial Health raises $4.4M To date, Ponea has attracted $4.3
Otherwise, the company is mainly relying on profits from its core micromobility business to fund these new business lines. Looking further out, Fenix wants its footprint to cover the greater Middle Eastern region, from Morocco to Pakistan. Fenix launches ride-hailing service in Bahrain. Image Credits: Fenix. Image Credit: Fenix.
E-Mediat is funded by the Middle East Partnership Initiative (MEPI) of the United States Department of State with support and in-kind donations from Microsoft, Cisco and craigslist Charitable Fund. E-Mediat is working with more than 220 NGOs in Jordan, Lebanon, Morocco, Tunisia, and Yemen. Rami Al-Karmi, N2V Lab.
A new copyright exception has been adopted nationwide just a couple of years earlier, the Chafee Amendment (also known as Section 121). Just three years ago, negotiators from around the world converged on Marrakesh, Morocco, to hash out a final deal. He came back the next day and gave me unbelievably positive news.
Prior to adopting Salesforce, EFE was without a scalable database solution, relying instead on Excel spreadsheets to record and share organization data. “We Partnerships, securing funding, and spending more time placing MENA youth into fulfilling, sustainable employment are all made possible by the organization’s Salesforce solutions.
In the coming decades, Africa will be a significant growth market for mobile games, driven by the proliferation of technology adoption among the continent’s youthful population. We now have, in our minds, the three best funds that focus on gaming and web3. 1 downloaded game in the U.S. for a few days last July, according to data.ai.
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