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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. It’s one of the few companies offering such services, including Firstbase.
Founded by Yele Badamosi in 2017, Microtraction arrived on the continent’s early-stage investment scene with all intent to be “the most accessible and preferred source of pre-seed funding for African tech entrepreneurs.” Though, just eight of those companies got investments. The introductory batch was all Nigerian.
According to Partech, fintech represented 25% of total African funding raised last year, with agritech, logistics & mobility, off-grid tech, and healthtech sectors following behind. Mauritius-headquartered companies received $110 million while African startups headquartered in the U.K. Those in South Africa claimed $119.7
Mauritius and U.K.-based Juven is one of the few investment firms targeting growth deals on the continent , including TLcom , Novastar and Partech Africa , that have written significant checks in tech companies in recent years. . Frebault adds that Juven may also consider non-tech companies that can solve such problems.
As a tech entrepreneur, Lamm said he saw the opportunity to inspire people and make a pretty big impact. And he said, I’d work to bring back wooly mammoths, reintroduce them into the Arctic, help suppress carbon and methane in the ecosystem, and make technologies for human healthcare and also for conservation.
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.
This is the second fund for the nine-year-old Mauritius-headquartered investment firm. “Early-stage funding is vital to enable more of Africa’s emerging and growing tech founders to grow their business and fuel the transformation of Africa’s internet economy.
It recently opened new offices in Abidjan, Kampala, Kinshasa, Nairobi and Lagos while moving its headquarters from Mauritius to London. It also plans to hire more talent within and outside the continent and continue investing in other African tech startups.
We are proud to be backed by globally recognized investors providing a balance between deep-tech and emerging market expertise. Countries like South Africa, Mauritius and Rwanda are already ahead of the game. Opibus told TechCrunch that it is looking to deliver its first electric bus by the first quarter of next year. “We
Such decisions must not be delegated to unelected tech leaders. ChatGPT is a general-purpose chatbot that uses artificial intelligence to generate text after a user enters a prompt, developed by tech startup OpenAI. Europe, South Korea and New Zealand, and soon more will be able to download the app from the app store. How does it work?
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