This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
The project is training 300 NGOs in Jordan , Lebanon , Tunisia , Morocco , and other Arab countries to become networked ngos and use social media for civil society goals. A true public/private partnership, the funding partners include Microsoft and craiglist Charitable Fund.
million pre-seed funding in a round led by FoodLabs, a European early-stage VC investor and venture studio for food, sustainability and health. In the next few months, we will build some collection centers in all the major agricultural cities of Morocco. Terraa , a Moroccan B2B tech-enabled food distribution platform, has raised $1.5
Like many startups playing in the B2B e-commerce space across the continent, Chari digitizes the largely fragmented FMCG sector in Morocco and Tunisia. Once it gets operations right in Morocco, Chari plans to expand this BNPL service to Tunisia and other French-speaking countries in Africa. But Chari opted not to.
” The conference marked the end of an 18-month capacity building program that trained more than 220 NGOs in Jordan, Lebanon, Morocco and Tunisia on how to use social media effectively to advance civil society. The program accomplished the following: 220 organizations participated.
Last year, MaxAB , the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches ; the latter accompanied its acquisition of the Morocco-based and YC-backed WaysToCap. million orders within this timeframe.
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.
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.
million funding it has just secured. Mylerz growth funding round was led by Lorax Capital Partners, an Egypt-based private equity firm with participation from Fawry, one of the biggest e-payment companies in Egypt.
Stephen Deng, the co-founder and partner of DFS Lab, a firm that invests in digital commerce startups, serially compared the 2016 Southeast Asia funding landscape to where Africa might be in 2021, at $3 billion. What’s a record year of funding without some unicorns? billion and $2.8 These predictions weren’t entirely off the mark.
Appetito , the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma , an identical startup with operations in the Maghreb regions of Tunisia and Morocco. . The deal is expected to close by the end of Q3 2022.
To understand how much growth has occurred, African startups raised a meagre $400 million in 2015 compared to the $2 billion that came into the continent in 2019, according to Africa-focused fund Partech Africa. Investments did pick up, and from July, VC funding on the continent had a bullish run until December. billion and $1.8
Next, I stumbled across the Dutch office of the International Fund for Animal Welfare (IFAW) and though they were not expecting me, they were very welcoming and a pleasure to spend time with. I have a soft spot for donkeys after seeing so many of them on a recent trip to Morocco. This one of donkeys caught my eye. HagueDayTrip.
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.
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.
These new features follow the closing of $6 million in what it is calling “pre-Series A” funding. Kayak Ventures led the investment and was joined by Detroit Venture Partners, REI Co-op Path Ahead Ventures, former Booking.com CEO Gillian Tans, Dadneo, CLIN Fund, Amarena and WeBoost.
AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF) and French-based development finance institution Proparco, co-led the early-growth round. In addition to Tunisia, GOMYCODE is present in Bahrain, Morocco, Egypt, Algeria, Ivory Coast, Senegal and Nigeria. This brings GOMYCODE’s total financing to $8.85
Chari offers an identical offering in Morocco. B2B e-commerce platform Chari is acquiring the credit line of Axa Assurance in Morocco for $22M. This play is akin to agency banking, a branchless banking system in Nigeria and West Africa where human agents act as ATMs to offer financial services in remote areas.
TrovaTrip , a travel planning and booking platform that lets creators host adventures with their communities, has raised $15 million in Series A funding led by Madrona. The platform includes bookable experiences like hiking in Patagonia, sourcing textiles in Morocco, practicing yoga in Bali and more.
Freterium , a startup based in Morocco, is one such company providing this software, and it has raised $4 million in seed to scale across the country and into surrounding regions. . CDG Invest, Y Combinator, Flexport, Swiss Founders Fund, Outlierz Ventures, and a few angel investors from the U.S., Europe, Asia, and Africa participated.
In one development of that theme, today, Taptap Send — one of the startups building tools to manage these money transfers — is announcing $65 million in growth funding as it continues its mission to enable remittances specifically to the most overlooked countries.
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.
In its expansion phase, backed by a $3 million pre-seed funding, the startup looks to tap some of the biggest distributors and e-commerce players in Ghana, and later Nigeria, to grow beyond Kenya, Tanzania, Uganda, Zambia and Zimbabwe. Morocco’s Freterium grabs $4M to scale its freight trucking software across MENA.
The platform, which will allow broker-dealers, asset managers, pension funds, and institutional investors to access markets outside their own country, is announcing its launch to the public today. million in pre-seed funding from private investors and venture capital firms, including LoftyInc Capital and STEMeIn.
A true public/private partnership, the funding partners include Microsoft and craiglist Charitable Fund. The goal is to train over 150-250 NGOs in Jordan, Lebanon, Yemen, Morocco, and other countries and help them put social media skills into practice.
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 This means we do not build what is available.
After scaling its payments product across sub-Saharan Africa, Flutterwave has expanded its services up north to Egypt and Morocco. So we still have plans for that,” said the chief executive, who has also backed several startups personally and more recently through the newly launched $200 million pan-African fund Norrsken22.
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. Delivery workers for Fenix Genie ride Fenix’s shared e-scooters. Image Credit: Fenix.
A true public/private partnership, the funding partners include Microsoft and craiglist Charitable Fund. In the morning, we did a team building exercise to better understand the network core, the in-country teams from Yemen, Morocco, Lebanon, Tunisia, and Jordan. February 27, 2011.
Autochek expands to North Africa after acquiring Morocco’s Kifal Auto. The company will face competition from the likes of Autochek, a Nigeria-based automotive platform that has recently made inroads into North Africa via an acquisition.
Silent auctions have proven to be powerful tools for raising vital funds and rallying your supporters, but these fundraising events aren’t just about generating revenue. For nonprofits, galas and silent auctions can raise significant funds while cultivating relationships with people who truly support your cause.
Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 million financing round. The seed round, which was closed last year, welcomed investors such as Afore Capital, Y Combinator, FJ Labs, Quiet Capital, Kli Capital, Pareto Capital and unnamed angels.
“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. Chari (Morocco). Freterium (Morocco). Amenli (Egypt).
The startup is announcing the acquisition of Morocco-based B2B e-commerce and distribution platform WaystoCap for an undisclosed amount. That business model got WaystoCap into Y Combinator’s Winter batch in 2017, making it the first company accepted from Morocco. The company subsequently raised a $3 million seed round.
Yassir , an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November. . Mary Meeker’s Bond has closed its second fund with $2 billion.
Just three years ago, negotiators from around the world converged on Marrakesh, Morocco, to hash out a final deal. We would need an additional $1-2 million/year of funding to begin this type of experiment globally, but we’re already planning to experiment with it in some of the least wealthy countries in the world.
Partnerships, securing funding, and spending more time placing MENA youth into fulfilling, sustainable employment are all made possible by the organization’s Salesforce solutions. I feel like there’s even more we can accomplish now that we understand the power of Salesforce through what we’ve learned from Cloud for Good.” .
Autochek expands to North Africa after acquiring Morocco’s Kifal Auto. Autochek was previously present in Nigeria, Ghana, Kenya, Ivory Coast, Uganda and Morocco. CoinAfrique classifieds ads marketplace is active in 12 Francophone markets. The company, which in October last year raised $13.1
million in seed funding. Since the start of this year, Jambo has already signed up over 12,000 students across 15 countries (Morocco, Nigeria, Ethiopia, Equatorial Guinea, Uganda, Kenya, Congo, Uganda, Rwanda, DR Congo, Tanzania, Zambia, Namibia, Madagascar and South Africa) to take a curated web3 curriculum, both online and offline.
Since its launch in 2018, Carry1st, a publisher of social games and interactive content across Africa, has raised funding from investors such as Google via its Africa Investment Fund and Avenir Growth Capital. We now have, in our minds, the three best funds that focus on gaming and web3. 1 downloaded game in the U.S.
A source tells us Founders Fund is also investing. May 25, 2023 ChatGPT app is now available in 11 more countries OpenAI announced in a tweet that the ChatGPT mobile app is now available on iOS in the U.S., Europe, South Korea and New Zealand, and soon more will be able to download the app from the app store.
Kavita Ramdas, President and CEO, Global Fund for Women. Kavita Ramdas is the President and CEO of the nonprofit, the Global Fund for Women. I think it's worth it (: Kavita Ramdas: The Global Fund for Women is the largest independent, publicly supported grant-making foundation to advance women's human rights internationally.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content