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Chari, a Moroccan startup digitizing mom and pop stores, raises $5M at $70M valuation

TechCrunch

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.

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Nigeria’s Curacel raises funding to power insurance offerings and expand into North Africa

TechCrunch

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.

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E-Mediat: Social Media Capacity Building for NGOs in the Arab World

Beth's Blog: How Nonprofits Can Use Social Media

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.

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Morocco’s food tech Terraa raises $1.5M led by FoodLabs

TechCrunch

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

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Al Mada Ventures, the $110M fund for Africans by Africans

TechCrunch

Al Mada Holding Group is one of Africa’s largest private investment funds. Over the years, Al Mada’s approach has centered on acquiring majority shareholdings in some of Morocco’s largest private companies, with its portfolio spanning 27 markets […] © 2023 TechCrunch.

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Morocco’s Chari valued at $100M in bridge round as it looks to pilot BNPL services

TechCrunch

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.

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E-Mediat Networking Conference at the Dead Sea, Jordan

Beth's Blog: How Nonprofits Can Use Social Media

” 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.

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