Browsing: Business

almentor raises USD 10 million in a pre-Series round as investors continue to back edtech sector.

Tunisia-based edtech startup Shape has received funding from The Oman Technology Fund as part of its initiative to invest in African startups.

Flat6Labs, a MENA-focused VC firm based in Egypt, has launched a USD 95 million fund to support the growth and development of early stage tech startups on the African continent.

COFE, a UAE-based online coffee marketplace, has raised USD 15 million in funding in a round led by Wa’ed Ventures.

E-Livestock Global, a Zimbabwe-based startup that generates data on livestock, plans expansion into new markets.

EchoVC, a Lagos-based VC firm, has launched EchoVC Chain, an 8 USD million “pilot” blockchain-focused seed fund.

Impact Investing Ghana begins the setup of its Ci-Gaba fund of funds as it aims to make USD 75 million available through local and international funding for Ghanaian capital providers.

Baims is an ed-tech startup that seeks to offer a range of courses and services to students across MENA.

MENA startups raised USD 760 million in February, according to a report by Wamda and Digital Digest.

YMO is a Guinean fintech in the mobile payment sector that aims to improve financial inclusion. The company aims to use the funds to expand across West Africa.