Browsing: Startups
African tech investment is dominated by Nigeria, Egypt, Kenya and South Africa, according to a report by Disrupt Africa.
AfricInvest Maghreb Private Equity Fund IV, administered by AfricInvest, a leading African investment platform, has invested USD 30 million in a Pre-Series B funding round in ArabyAds, a leading MENA region AdTech firm.
The Group 42 fund will operate as a private equity investor and will target high-growth markets.
Egyptian fintech firm Lucky has signed a partnership agreement with Egyptian on-demand warehousing and fulfillment platform, Khazenly. Lucky is a digital rewards app, users of which enter a points reward system to obtain discounts on purchases from over 20,000 local and international brands.
Tech African Women (TAW) is a joint initiative by the United Nations Economic Commission for Africa (ECA), in partnership with tech venture firm Betacube. TAW seeks to support female-led idea stage startups from Ethiopia, Senegal, Tanzania and Tunisia.
Egypt’s Convertedin has raised USD 3 million in a round featuring regional and international investors.
MENA unicorns set to emerge due to favorable regional conditions, according to a recent report by Saudi firm STV.
MENA startups raised USD 105 million in July, the lowest monthly amount recorded so far this year, according to regional startup investor and development platform Wamda.
The Nilepreneurs Initiative for Entrepreneurship, an Egyptian startup support program, has announced the launch of four new courses for business incubators to support startups.
Stllr Network provides plug-and-play marketing models incorporating social media, SEO and media buying.