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Tag: Seed round

Egyptian dark butcher startup Brotinni raises seed funding round to grow business 

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EGYPT – Brotinni, an Egyptian foodtech and dark butcher startup bringing innovation to the meat industry, has raised US$600,000 in a seed funding round led by Innlife investments.  Founded by Dalia Abou Omar, Brotinni offers a platform to order hand-cut, farm-sourced and vacuum-sealed fresh meat and poultry cuts.  Its offerings also include flash-frozen and ready-to-cook products and provides delivery services…

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Climate tech VC firm Satgana closes its US$29m fund to invest in Africa and Europe

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AFRICA – Satgana, a climate tech VC firm has announced the first closing of its fund, with a EUR30 million (US$29 million) target size, and plans investments in Africa and Europe. Headquartered in Luxembourg, Satgana is a climate tech VC fund, with the ambition to invest in startups providing technological solutions to the climate emergency. Focused on climate technologies, Satgana…

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Flourish Ventures launches Africa-focused pre-seed investment platform Madica

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AFRICA – Flourish Ventures, a venture capital firm located in the United States, has created Madica, a pan-African investment initiative that intends to provide cash, technological assistance, and coaching to underrepresented entrepreneurs throughout the continent. The sector-agnostic initiative focuses on pre-seed stage technology firms, which is where most ideas fail. The initiative has set aside US$6 million for investment in…

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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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B2B e-commerce platform MaxAB completes US$40m pre-series B equity transaction

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NORTH AFRICA – MaxAB, a food and grocery B2B e-commerce and distribution platform that serves a network of traditional merchants in Egypt and Morocco, has announced the completion of a US$40 million pre-series B equity transaction to drive its development across the MENAP area. Silver Lake, the global leader in technology investing, through its Long Term Capital strategy; British International…

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E-commerce platform Kenzz secures US$3.5m to expand its business

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EGYPT – Kenzz, an e-commerce platform bringing shopping to the masses in Egypt and the Middle East, has announced a US$3.5 million seed round to expand its product categories, broaden the product categories on its platform, acquire people, and invest in technology when it releases its app. Outliers Venture Capital, a MENA-focused venture capital firm located in the United States,…

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B2B pharma platform i’SUPPLY raises US$1.5m pre-seed round led by Disruptech Ventures

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EGYPT – i’SUPPLY, a digital B2B multi-seller marketplace operating in the pharmaceutical industry, has raised US$1.5 million in its pre-Seed round of funding to connect pharma businesses with small and medium wholesalers and pharmacies for the purpose of financing. The pre-Seed round was led by Disruptech Ventures and included participation from other investors as well. “With an initial launch late…

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Delivery management system Roboost secures investment to expand its product portfolio

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EGYPT – Roboost (formerly known as Tayar), Egypt’s delivery management system, has acquired a six-figure seed round of investment from Falak Startups, AUC Angels, and a follow-on funding from Flat6Labs. Roboost’s AI delivery management system will be improved, and its product portfolio will be expanded as a result of the new fundraising round, which will expedite the company’s growth. “We…

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