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Algeria’s Yassir picks up $30M to build a super app in North Africa

TechCrunch

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.

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Nigeria’s Termii raises $1.4M seed led by Future Africa and Kepple Africa Ventures

TechCrunch

Emmanuel says the company has its sights on North Africa with a physical presence in Algeria for the expansion. The reason lies behind the fact that in this quarter, Nigeria has accounted for 76% of the company’s messaging transactions, while Algeria currently accounts for 15%.

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Yassir pulls in $150M for its super app, led by BOND

TechCrunch

The African startup, first launched in Algeria, has now raised $193.25 When CEO Noureddine Tayebi started Yassir, the plan was to build a super app that included services people — in the French-speaking Maghreb region consisting of Algeria, Morocco and Tunisia — had little or no access to on one platform.

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Tunisian edtech startup GOMYCODE raises $8M to expand across Africa and the Middle East

TechCrunch

In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. Bouhlel says the company has local teachers in every country — over 500 in number — and they teach students in over 12 languages. It raised $850,000 seed in October 2020.

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4 keys to international expansion

TechCrunch

After an initial success helping Groupon scale internationally via a merger with Rocket’s incubation firm CityDeal, Rocket’s team have aggressively scaled businesses from Algeria to Zimbabwe — sometimes in a matter of weeks. Some companies are global by default — think mobile gaming companies — or simply require language localization.

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MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

TechCrunch

. “For us, our strategy is to build a global team that can think local and execute properly. ” While the acquisition signals MaxAB’s move into Morocco, it also shows the company’s entry into the Maghreb markets — Algeria, Libya, Mauritania, Morocco and Tunisia, where there’s little or no contest.

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How African startups raised venture capital in 2022

TechCrunch

Outside the top four countries, startups from Ghana, Algeria, Tunisia and Senegal raised the most equity funding. Though at the same time, it can open up opportunities for local funds to earn ground and enter better deals,” he added. Partech: Nigeria represented 23% of African tech’s total equity funding.

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