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Category: entrepreneurship
It is a long, hard road to raising funding as a tech entrepreneur in Africa, requiring lots of perseverance, but those that do succeed in doing so have a responsibility not only to their investors but also the next generation of founders.That is according to startup founders taking part in a panel entitled “How to … Continue reading Raising funding in Africa is tough, but those that succeed have a big responsibility
Battery Ventures, the now 37-year-old investment firm, just closed on two new funds with $2 billion in capital commitments — nearly double the record-breaking $1.2 billion that the firm closed on exactly two years ago.The raise is part of a broader trend of firms rushing back to market every two years to lock down ever … Continue reading Battery Ventures just closed on a whopping $2 billion across two funds, two years after its last fundraise
According to CNBC Report Before Mark Cuban became a billionaire in 1999, he experienced a string of failures. But if you ask him, past mistakes don't matter."It doesn't matter how many times you f--- up," Cuban said on Barstool Sports' "Pardon My Take" podcast on Feb. 4. "You only gotta be right once. Then everybody … Continue reading 3 times Mark Cuban failed before becoming a billionaire: ‘You only gotta be right once’
Malaysian edtech startup Forward School has raised US$500,000 in pre-seed funding to build out its offerings and eventually expand to other Southeast Asian markets. The startup received the new funds from angel investors such as Exabyte’s Chan Kee Siak, Vitrox’s Chu Jenn Weng, AIMS Group’s Chiew Kok Hin, Zaid Ibrahim & Co.’s Ang Siak Keng, … Continue reading Edtech startup Forward School banks $500k to add more tech-focused programs
Kenyan B2B agri-tech startup Taimba, which operates a mobile-based cashless platform connecting rural smallholder farmers to urban retailers, has accessed EUR250,000 (US$277,000) in funding through a partnership with Enviu and the DOEN Foundation. Taimba sources agricultural products directly from farmers and delivers directly to informal greengrocers, schools, hospitals and restaurants within Nairobi, removing the middlemen … Continue reading Kenyan agri-tech startup Taimba gains access to $277k funding
Egyptian eCommerce platform, Homzart has raised $1.3 million seed round investment. A number of funds participated in the round, including 500 Startups, Chinese firm MSA Capital, Oman Technology Fund (OTF) and Equitrust, the investment arm of Choueiri Group. Homzart’s raise is the largest seed funding ever by an Egyptian startup according to MENAbytes. The Homzart … Continue reading Egyptian ecommerce startup, Homzmart raises $1.3 million seed funding
Bengaluru-based edtech startup WizKlub has raised 70 million rupees (US$980,000) in a seed round led by seed and pre-seed stage VC firm Incubate Fund India. The investment round, which also included participation from Insitor Impact Asia Fund, brings the startup’s total capital raised to 120 million rupees (US$1.7 million) so far, according to a statement. … Continue reading Edtech startup WizKlub raises nearly $1m in seed funding
Mauritius-based mobility startup Vite has raised a pre-seed funding round from Oui Capital to launch full operations after a highly successful beta testing period.Vite is the first app-based mobility company in Mauritius, which has just concluded a beta testing period that saw more than 6,500 app downloads and 500 completed trips.The pre-seed funding round secured … Continue reading Mauritius-based transport startup Vite raises pre-seed funding round
Alibaba co-founder Jack Ma has become the latest technology industry figure offering to help fight the coronavirus outbreak.China’s richest man will donate 100 million yuan ($14.5 million) through his charitable foundation, joining Bill and Melinda Gates in pledging assistance. That’s on top of an offer by his Alibaba Group Holding Ltd. to establish a 1 … Continue reading Jack Ma pledges $14.5 million to help fight coronavirus
South Africa-based startup Over, which developed an app that allows businesses to easily create content for social media, has been acquired by American publicly-traded internet domain registrar and web hosting company GoDaddy for an undisclosed amount.Launched in Cape Town in 2012, Over began life as a simple “text over photos” app for sharing goals and … Continue reading SA social media content startup Over gets acquired by GoDaddy
Just yesterday, I was writing about Thomas Frey, a renowned American futurist and celebrity speaker. This is after I got a clue that he was already checking out of Murtala Mohamed International Airport, Lagos, Nigeria. Thomas Frey is one of the few people I've dedicated my time to reading and watching videos about on YouTube. … Continue reading Vernon – My first year since starting a business and connecting with a favorite celebrity. (Lessons and the way forward)
The project “Scaling digital agriculture innovations through startups” (SAIS), implemented by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), kicked off its Investment Readiness Programme on December 12-13, 2019 in Nairobi, Kenya.The objective of SAIS is to scale digital agritech innovations which … Continue reading 14 African startups to go to scale in German Investment Readiness Programme
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