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The Off-Grid Energy Access Fund (FEI-OGEF), Cordaid, and Qotto’s existing investors also participated in the round. Cleantech Qotto embarks on growth plan backed by $8M funding by Annie Njanja originally published on TechCrunch
The new funding, mPharma co-founder and CEO Gregory Rockson told TechCrunch, will be used to build the startup’s data infrastructure, triple its talent pool over the next three years and support expansion plans in its current and new markets.
1) The e-commerce site where products fund projects. Launching – and funding – several crowd commerce campaigns. Launching – and funding – several crowd commerce campaigns. Similar to a Kickstarter model, these campaigns use products to fund projects. As of May 2013, w4tw was over-funded by $16,285 from a cool $25K.
Funds are generally categorized as “restricted” or “unrestricted,” which determines how and where they’re allocated. For instance, charity: water has a 100% model , where every public donation funds sustainable clean water projects, and private donors cover its operational costs.
We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation. The Challenge ran for six weeks through December 5th. We did very well, and with the Skoll Foundation’s matching support, each gift to our campaign more than doubled its impact.
Australian drone logistics company Swoop Aero is celebrating new milestones and funding as it plans its expansion to more markets. “If you’re the minister of a country, whether it’s Austrialia or Malawi, you say ‘we want to be able to do 300 high-priority deliveries a month.’
funded Financial Sector Deepening (FSD) Africa. The organization is working with eight insurance regulators including those of Ghana, Malawi, Nigeria, Rwanda and Tanzania to build an environment that bolsters insurtech innovation across the continent.
One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. Part of the funding will be used to expand the business’ presence. Sun King has previously raised $170 million in equity and debt funding.
Social enterprises like One Acre Fund, startups like Apollo Agriculture, and agribusiness giants like Flour Mills and Export Trading Group are also among Pula’s clients. “With our latest funding, now is the time to break into new ground. Co-CEOs with agricultural backgrounds. million farmers.
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.
San Francisco-based venture capital firm Runa Capital, Ace & Company, Todd & Rahul Angel Fund and Vibe VC participated. It currently has a lean team of 10 located in Nigeria, Malawi, South Africa, Zambia, and Europe. The Zambian company will also use the funds to expand its regional customer base. .
Founded in 2013 by Rockson , Daniel Shoukimas and James Finucane , mPharma is one of the well-funded startups across Africa raising over $50 million since inception, this includes a Series C round of $17 million, led by UK’s development arm CDC Group, it received last year. We currently have five centers open.
mPharma disclosed to TechCrunch that it has acquired a 55 percent stake previously held by the Abraaj Group, a private equity firm that collapsed after investors, including the Bill and Melinda Gates Foundation, sounded an alarm over the administration of its $1 billion healthcare fund. s development finance institution, last year.
Countries like South Sudan, Burundi, Chad, Malawi, Burkina Faso, Madagascar, Tanzania are among some of the least electrified countries in the world, and could benefit from clean energy from solar or wind. The company plans to have additional technological and business model innovations, and the use of AI and IoT to remotely manage its fleet.
Two 14-year-old girls, one in the US and one in Malawi, had their lives changed when they joined forces to fight the AIDs epidemic in Africa. Through the creation hope-giving projects that serve the most vulnerable in Malawi, the organization connects U.S.-based The two girls met at Hope Village Orphan Care Center in Malawi.
Starting this week, you can vote for the best NetSquared Innovation Fund Award nominated projects until Saturday, April 14th at Noon PDT. CompuMentor has created a Technology Innovation Fund to provide direct cash support to projects selected by the NetSquared Community. Community-Owned Telecenter Project in Malawi.
Cyclone Idai struck Malawi, Mozambique and Zimbabwe, causing widespread flood destruction. Although data from institutional philanthropy is still incomplete, there is enough information to indicate a considerable decline from $76 billion in collective funding in 2018. . Wildfires plagued the Amazon, California and Australia.
In "The Life You Can Save: Acting Now to End World Poverty" , Princeton University professor Peter Singer famously highlights one study in which individuals who were shown a picture of a girl named Rokia and told her story were willing to give far more than when asked to help three million hungry children in Malawi. Fund for UNICEF.
Today, the Los Angeles nanny funds a school in her native Malawi -- where half a million children have been orphaned by the disease." Since May 2007, he and his crew have aided thousands of victims at 15 sites across the United States -- free of charge." Maria Da Silva "Has lost 14 family members to AIDS.
The Humane Society of the United States raised $20,000 in 6 days , all through their cause, to fund a team of journalists documenting the seal slaughter in Canada. And Camfed raised $4,500 to build a roof on a school in Malawi , then turned around and funded another $3,386 project to give shoes to schoolgirls in Zimbabwe. .
Set up an online fundraiser, tell your community to start raising funds, push play, and watch the cash roll. How do you inspire and empower your community to effectively raise funds for your cause? Project-based fundraising can be a cost-effective and engaging way for nonprofits to fund existing programmatic work. Not so much.
The latest funding adds to the $1.8 million seed funding the insurtech raised last year. Abass added that Lami is using the funding to hire, fast-track its expansion plans and drive underwriter partnerships. Kenyan insurtech startup Lami enters Malawi, DRC after acquiring Bluewave, eyes rest of Africa.
Eric Dayton, Director of Data at buildOn , faced many unknowns when he came home from Malawi on March 3rd, a week before the COVID shutdown. A misplaced metric can erode trust in a board or funder meeting, but the right one can get your program funded. We grew up in the 1990s and early 2000s.
Eric Dayton, Director of Data at buildOn , faced many unknowns when he came home from Malawi on March 3rd, a week before the COVID shutdown. A misplaced metric can erode trust in a board or funder meeting, but the right one can get your program funded. We grew up in the 1990s and early 2000s.
FinDev Canada has injected $13 million into Energy Entrepreneurs Growth Fund ( EEGF ), which invests in early and growth-stage energy startups in sub-Saharan Africa. Part of the funding will go toward increasing access to clean energy for off-grid households and businesses in the region. million mezzanine investment from the fund.
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