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

TechCrunch

His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round. The service, which is only available for incorporating businesses in Nigeria, the U.S.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

In a year marred by the coronavirus pandemic, it seems that early-stage startups on the African continent are continuing to see some notable growth, both in terms of their business and from investors looking to back them. . But as a sign of how the market is firming up, that changed last year and now the firm invests $25,000 for 7% equity.

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How African startups raised investments in 2020

TechCrunch

According to Dario Giuliani , the firm’s director, the research organisation avoided using geography to define an African startup due to factors contributing to business identities like taxation, customers, IP, and management team. Mauritius-headquartered companies received $110 million while African startups headquartered in the U.K.

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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. Frebault adds that Juven may also consider non-tech companies that can solve such problems.

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Colossal says creating woolly mice is a ‘validation step’ for de-extinction and could help eradicate diseases

Fast Company Tech

It was a busy week for Colossal Biosciences: On Tuesday, it introduced the world to the first-ever woolly mice ; by Wednesday, those mice were going viral; and on Saturday, they were the topic of a bit on Saturday Night Lives Weekend Update.

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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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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

But a s the company continued to grow, it became apparent that the product had use cases for small businesses. In fact, at the time, more than half of its users in East Africa reported using the platform for business reasons, according to Okoudjou. MFS has made a series of acquisitions and investments this past year.

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