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Tag: Funding

Algerian super app Yassir clinches US$150 million Series B funding for expansion 

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ALGERIA – Yassir, an Algerian multi-sided marketplace offering on-demand services such as ride-hailing, food and grocery delivery, banking and more, has raised US$150 million in Series B funding from prominent global investors.  The investment was led by BOND, with participation from DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures (aka Spike Ventures) and Y Combinator, among other strategic investors. …

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MYDAWA taps US$1.2M from Gates Foundation to boost HIV fight in Kenya 

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KENYA – Kenya’s online pharmacy MYDAWA has secured US$1.2 million in funding from the Bill and Melinda Gates Foundation to launch the first Kenyan telehealth solution tailored to boost Human Immunodeficiency Virus (HIV) prevention efforts.  The project will be co-financed by the Organization of American States (OAS) in partnership with the University of Washington, Jomo Kenyatta University of Agriculture and…

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Real estate firm Seqoon secures US$500k pre-seed round to expand in Egypt

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EGYPT – Seqoon, an Egyptian real estate co-ownership firm, has secured US$500,000 in a pre-seed round from Banque Misr’s pilot initiative to encourage creative entrepreneurs. Several renowned angel investors also participated in the round. Seqoon is using this funding to expand its staff and has already opened its first co-ownership location in El Gouna. “I can’t describe the energy we…

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Social commerce platform Bumpa raises US$4m seed fund led by Base10 Partners

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NIGERIA – Bumpa, a social commerce platform that helps entrepreneurs build custom e-commerce websites, has raised US$4 million in seed funding led by Base10 Partners. The funding saw participation from Plug & Play Ventures, SHL Capital, Magic Fund, Jedar Capital, DFS Labs, FirstCheck Africa Angel Program, E62 Ventures, Club 14, and Fast Forward Ventures. According to a statement from the…

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Renewable energy developer Yellow Door Energy raises US$400 million funding round

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MEA – Yellow Door Energy, A renewable energy developer has raised US$400 million in a new funding round led by British private equity company Actis, the company’s largest stakeholder, as it plans expansion into new markets. The investment, which includes the purchase of current shares, will allow the company’s initial investors to exit, Yellow Door Energy said in a statement.…

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Egyptian healthtech platform Vezeeta raises new funding for its expansion plans

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EGYPT – Egyptian healthcare platform Vezeeta has closed an undisclosed funding round led by Abu Dhabi’s Gulf Capital that will finance acquisitions and expansion across the Middle East and North Africa (MENA) region. Vezeeta offers doctor appointment bookings, consultations, an e-pharmacy and lab sample collection through its digital platform for more than 10 million patients across 80 cities. It currently…

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Social-commerce platform Tushop secures US$3m in pre-seed funding round

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KENYA – Tushop, a Kenyan social-commerce platform that enables communities in Nairobi to buy groceries more cheaply with free delivery, has secured US$3 million in a pre-seed funding round. The round is aimed at growing Tushop’s team, investing in tech to make its platform as easy to use as possible and to further expand across Nairobi before rolling the service…

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South African startup Talk360’s seed funding hits US$7m after new backing

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SOUTH AFRICA – Talk360, a South African Voice over Internet Protocol (VoIP) firm, has secured an additional US$3 million months after the first closing of its seed round, bringing the total investment garnered in the round to US$7 million. Allan Gray E2 Ventures (AGEV), Kalon Venture Partners, E4E Africa, Endeavor, current lead investor HAVAC, and a number of angel investors,…

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Proptech firm Partment concludes US$1.5m pre-seed round to improve its platform

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MEA – Partment, a proptech firm that provides co-owned second homes, has announced that it has successfully concluded its pre-seed round at US$1.5 million to improve the infrastructure of the platform and launch its MVP in Egypt. Nclude, a leading venture capital platform focused on investing in fintech and fintech-enabled startups in Egypt, the Middle East, and Africa, as well…

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Tunisian startup Kumulus raises US$0.97m pre-seed funding to further improve its product

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TUNISIA – Kumulus, a Tunisian startup that extracts drinking water directly from the air, has successfully closed a €1 million (US$0.97m) pre-seed funding round to further improve its product and even deliver its first pre-ordered copies. Several institutional investors participated in the round, including Paris Techstars Accelerator, Flat6Labs, WILCO and Bpifrance, and business angels. Kumulus is a company that operates…

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