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Bookshare International Library We’re always thinking about new ways in which Benetech could go deeper and help many more people. We’re making securing new funding for Bookshare’s international expansion a top priority! We have built Bookshare International upon three principles.
Savannah Fund , a pan-African venture capital firm, today announced a $25 million fund as it looks to back more early-stage startups on the continent. Since launching in 2012, Savannah Fund — led by Mbwana Alliy and Paul Bragiel — has backed more than 30 startups. Mbwana Ally (Managing Partner, Savannah Fund).
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. Investments did pick up, and from July, VC funding on the continent had a bullish run until December. of the total African VC funding counted by Disrupt Africa.
MAX ) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. The funds will also be used to extend vehicle financing credit to over 100,000 drivers in the next two years. “It
Norway’s Pangea Trust, through its equity crowdfunding platform Connect , is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa. Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries.
Even though Benetech doesn’t have donor funding for this, our VP of Global Literacy, Betsy Beaumon, and I thought it would be worthwhile to attend this meeting. They were holding an international meeting of blindness groups around the campaign to ratify the Marrakesh Treaty in London during the days before the Geneva meeting.
Victory Farms , an aquaculture startup and farm for tilapia fish comprising hatcheries, nursery ponds and deep-water cages, has raised $5 million in new funding. This funding will allow the Kenyan-based company to expand its business into Rwanda, DRC and Tanzania. Joseph Rehmann founded Victory Farms in 2015.
million) in pre-seed funding. Nigeria, Ghana, and the U.S., There’s Jendaya Editorial, showcasing not only the brands stocked through the platform but also key historical and seasonal news aiming to inspire an international audience. for relatives back in Nigeria. and Europe to customers globally.
But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down. What’s a record year of funding without some unicorns? International investors participated from pre-seed to Series E stages. It wasn’t a bad year, though.
(Since Google didn't include a link on the page, I've included a list with links below) I'm curious how they came up with the list - a small committee within Google or did they crowdsource names internally?
AltSchool, which is now Altitude Learning) has raised $1 million in pre-seed funding to scale its efforts, said chief executive Adewale Yusuf to TechCrunch. In 2020, Yusuf toyed with the idea of building a physical campus where he and his team would train software engineers to get international opportunities.
Then, the disparities between venture funding studies were stunningly clear. . Partech Africa covers equity deals in tech and digital spaces and funding rounds higher than $200,000. billion in total estimated funding — $4.65 It’s more than a 250% increase from last year’s total funding of $1.3 billion to $1.5
African merchants encounter many challenges when it comes to international shipping ranging from logistics and customs to hidden and excessive charges. “The world was shutting down, but there was this high demand for stuff and demand for international shipping was going up simultaneously.
The company’s total Series C stands at $250 million but its total funding to date is over $305 million. Its services are used across seven African countries — Ghana, Uganda, Nigeria, Tanzania, Rwanda, South Africa and Kenya. is responsible for almost 30% of the international remittances to sub-Saharan Africa.
Analysts say the value of e-commerce in Africa is expected to reach $29 billion next year, yet Africans still find it difficult to make international payments for products online. Klasha Checkout, which works a lot like Checkout , allows international merchants to collect payments from Africa in local currencies.
Today, the company is announcing that it has closed $9 million in seed funding to scale its operational presence, recruit talent and expand into new markets. based fund 88mph co-led the round with China-based MSA Capital, with participation from Zagadat Capital, Kepple Ventures and Vunani Capital. He also sits on the board of 88mph.
The round also included a $5 million debt from Talanton and Verdant Capital Specialist Funds. Pezesha is tapping local and international banking institutions, HNWIs and DeFi for additional liquidity for onward lending. FlexID gets Algorand funding to offer self-sovereign IDs to Africa’s unbanked. Image Credits: Pezesha.
But before that, there was shared optimism that African startups would raise more VC funding last year than in 2021 when the continent, for the first time, passed the $4-5 billion threshold. Africa predicted to experience sustained funding slowdown in 2023 Most tech observers share Cuvelier’s thoughts on VC activity in Africa.
NALA , a Tanzanian cross-border payments company that recently pivoted from local to international money transfers, said Thursday it has raised $10 million in a new fundraising round. But in 2020, NALA started testing international money transfers after some users expressed interest in moving money from the U.K. and the E.U.,
“This is the largest batch we have ever funded and it’s about 50% international. Nigeria leads the way again with five startups, while Egypt has four, Morocco has two, and Kenya, Ghana, Zambia and South Africa each have one. Yemaachi Biotechnology (Ghana). Amenli (Egypt).
Within this timeline, he interned at several companies in Palo Alto, California. AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round. Yahya Bouhlel started coding in his early teens. This brings GOMYCODE’s total financing to $8.85
The startup has today announced entry of RejaReja, the B2B retail marketplace, into Ethiopia, Ghana, Tanzania, Rwanda and Uganda, after successful pilot programs, coming about two months after it grew beyond Kenya by launching in Nigeria. MarketForce recently raised $2 million in seed funding.
-based company that connects consumer goods brands to thousands of retailers and help out with distribution, has raised $110 million in new equity and debt funding round as it looks to bring in more retail stores and expand its buy now, pay later service across the continent.
A few individual businesses have sought to tackle this problem internally and allow employees to access their daily salaries as they work for it. Earnipay founder and CEO Nonso Onwuzulike tried this while running Reaval, a Ghana-based recycling business he started on the side in 2019.
The startup, which provides multiple products for the cross-border commerce space in Africa, raised this new financing from a group of international investors co-led by American Express (AMEX) Ventures, the strategic investment group of American Express. Lagos and San Francisco-based Klasha has received an additional $2.1 million seed round.
The company’s plan to expand its offering across the continent comes in the wake of growing competition from companies such as Uber, which is currently testing a carpooling service in Nairobi, with plans to roll it out in Ghana and Nigeria.
Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program. Accelerators provide all-round support to early-stage startups, including helping them find product-market fit, funding and access to investors. .
Bolt’s Africa regional director, Paddy Partridge, told TechCrunch that the ride-hailing firm has experienced a spike in on-demand transportation services, and that the current drivers — especially in Ghana and Nigeria where “there’s a real shortage of cars” — are not enough to meet this growth.
When I signed up to participate in the Girl Effect Blogging Campaign, I wasn't sure how I would contribute, but when I connected with Carinne Brody at an International Museum of Women event a couple weeks ago, I knew she would be a wonderful person to talk with us about the connection between girls' education and global health.
million in Series C funding from global private equity firm Lightrock. The equity funding comes as the fintech plans to roll-out a series of new products and services including new loans that will increase the credit limit from $1,000, and allow longer repayment periods from the current maximum of one month.
These startups will have access to funding between $100,000 to $250,000 and hands-on technical support. Founders Factory Africa and Netcare to fund 35 health-tech startups. However , startups in Venture Build will be receiving up to $250,000 in funding. This is a change from when the company launched in 2018.
Launched in partnership with the Ford Foundation , which has committed $3 million in matching funds as part of its America's Cultural Treasures initiative , Southern Cultural Treasures is aimed at fostering lasting stability and resiliency among arts communities across the South. November 3, 2021.
Most FTX customers have been unable to withdraw their funds from the platform as the Bahamas-headquartered company goes through bankruptcy proceedings. But because some people look a certain way or tick a certain box, they get all the funding, no governance, no reporting, and no accounting department.
ICA Fund Good Jobs. There are two fundamental things we love about ICA Fund Good Job’s annual report : The table of contents and the graphics. Pencils of Promise is an international development organization focused on education, and we love their 2018 Annual Report for its simple but informative design. Pencils of Promise.
2021 was a record year for venture capital fundraising, and fintechs were the largest recipients of funding worldwide, with about 21% of all venture dollars last year going into fintech startups. billion in seed through late-stage venture funding. And damn, out of Ghana this past week, Dash raised a $32.8
org is an international movement of people working to end the age of fossil fuels and build a world of community-led renewable energy for all. BlocPower , a Salesforce Ventures Impact Fund portfolio company, is a Brooklyn-based climate tech startup that is rapidly greening and electrifying buildings in America’s urban core.
But I’ve also learned that there are a lot of incompetent investors that are investors simply because of who they know, and a lot of entrepreneurs that aren’t the best in the world who get funded because of who they know. You end up internalizing that bias in your mathematically “objective” decision-making.
ICA Fund Good Jobs There are two fundamental things we love about ICA Fund Good Job’s annual report : The table of contents and the graphics. Pencils of Promise Pencils of Promise is an international development organization focused on education, and we love their 2018 Annual Report for its simple but informative design.
When I sat down to talk with the co-Directors, Melinda Kramer and Amira Diamond, in early March, they had literally just returned from the West African Woman and Water Training in Ghana. There are resources, information, training, and funding available in plenty. There is not a shortage of resources. There are solutions. What was that?
In case you missed it, last week was the second annual International Grantmaking Symposium (IGS) , presented by CAF America in partnership with UNDP. CAF America launched the IGS last year around the shared belief that international philanthropy can, and should be, a powerful force in our effort to address the world’s most pressing issues.
She is donating 100 percent of the royalties from the book to the Global Fund for Women. And, at a time when the international women's movement is facing challenges, it would be great to have a reminder that good news is going on, that good work is being done, that progress is happening. Paola Gianturco: My name is Paola Gianturco.
Reports indicate they secured 83% more funding than the previous year, primarily attributed to the record-setting $329 billion U.S. But according to data from PitchBook, less than 2% of VC funding went to all-women-founded teams in 2021. Women-founded companies in the U.S. raised more money from venture capitalists in 2021 than ever.
and Nigeria-based company, which has built a distributed remote team across Nigeria, Ghana and Kenya, says it’s working to democratize Africa’s highly fragmented payment system by leveraging blockchain-based solutions. This is something that we specifically value in our fund and what Bitmama in particular delivers.”. CEO Ruth Iselema.
million in seed funding, as well as the launch of a cloud-based AI platform — which allows users to build with large language models. . It is looking to expand its team of 33, which is currently spread across nine countries, including Ghana, Nigeria and Kenya. Ohio-based startup Mantium has today announced closing $12.75
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