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Category: entrepreneurship
Africa’s logistics startup space has gained another multi-million dollar round with global backing. Kenyan company Sendy — with an on-demand platform that connects clients to drivers and vehicles for goods delivery — has raised a $20 million Series B led by Atlantica Ventures. Toyota Tsusho Corporation, a trade and investment arm of Japanese automotive company Toyota, also joined … Continue reading Kenyan logistics startup Sendy raises $20M round backed by Toyota
Melinda Gates's Pivotal Ventures made one of its first investments in a startup with Sallie Krawcheck's Ellevest.BRYAN BEDDER GETTY IMAGES FOR THR Fortune reports that Melinda Gates is investing $50 million in creating more tech opportunities for women—outside of the industry’s usual power centers. The philanthropist in October pledged $1 billion towards expanding women’s power … Continue reading Why Melinda Gates is investing $50 million to make the next Silicon Valley—starting in Chicago
Encantos, a Culver City-CA-based entertainment education company, raised $2M in seed funding.The round was led by Kapor Capital with participation from Boston Meridian Partners, Chingona Ventures, the Goldhirsh Foundation, Human Ventures, and MathCapital. Several existing and new angel investors, including Tom Chavez (CEO of super{set} Startup Studio), Rich Greenfield (Partner at LightShed Partners), Lydia Jett … Continue reading Encantos Raises $2M in Seed Funding
According to a report from Tech Crunch, Kidtech startup SuperAwesome has raised an additional $17 million in funding, which includes a new strategic investment from Microsoft’s venture fund, M12. Others participating in the round include existing investors Mayfair Equity, Hoxton Ventures and Ibis, along with other angels.To date, SuperAwesome has raised $37 million in outside … Continue reading Kidtech startup SuperAwesome raises $17M, with strategic investment from Microsoft’s M12 venture fund
Africa’s leading businessman and Chairman of Globacom Limited, Dr Mike Adenuga Jr., has been voted Entrepreneur of the Decade. He won the award at the Silver Jubilee Anniversary of ThisDay Newspapers held at Eko Hotel in Lagos on Monday night. His company, Globacom, was also named the Brand of the Decade at the event, which … Continue reading Mike Adenuga voted Nigeria’s Entrepreneur of Decade
Ghana’s Complete Farmer and Nigeria’s ReelFruit have secured US$50,000 each in funding after being peer-selected as winners of the Village Capital Agriculture Africa accelerator.Disrupt Africa reported in September nine startups from across the continent had been selected for the programme run by Village Capital, which runs a host of accelerators across Africa using its innovative … Continue reading Ghanaian, Nigerian startups secure $50k funding after Village Capital agriculture accelerator
The same names keep recurring — Dangote, Sawiris, Rabiu, Rebrab — but the rankings shift.In the 2020 Forbes magazine’s ranking of Africa’s billionaires, Aliko Dangote ($10.1bn) remains number one. Overall, two big winners stand out, while several others see their fortunes — and rankings — seriously reduced.The cumulative fortune of the continent’s billionaires, according to … Continue reading True winners and false losers in the Forbes 2020 billionaire rankings
Amazon CEO Jeff Bezos famously called the e-commerce giant "the best place in the world to fail" in his 2016 shareholder letter ."What really matters is, companies that don't continue to experiment, companies that don't embrace failure, they eventually get in a desperate position where the only thing they can do is a Hail Mary … Continue reading Jeff Bezos has said that Amazon has had failures worth billions of dollars — here are some of the biggest ones (AMZN)
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