Cassava Technologies Closes a $90 Million Equity Investment Round
December 18, 2024
Cassava has announced the close of an equity investment round of $90 million with participation from U.S. International Development Finance Corporation (DFC), Finnish Fund for Industrial Cooperation (Finnfund), and Google LLC. This funding is a…
Cynoia Named Best SaaS Startup at AfricArena 2024
December 17, 2024
Cynoia has been named Best SaaS Startup at the prestigious AfricArena Grand Summit 2024 in Cape Town. The summit, celebrating its seventh year as Africa’s premier tech ecosystem accelerator event, brought together over 100 startups…
Cauris Finance Secures $40 Million in Funding
December 16, 2024
Cauris Finance has announced the close of a $40 million debt facility with a U.S.-based institutional investor. This facility will enable Cauris to expand its efforts to support socially impactful African fintechs that provide essential…
Kenya’s Aurora Health Systems Wins Qualcomm Wireless Reach Award for Innovative ECG Device
December 11, 2024
Qualcomm has announced the completion of the second year of its Make in Africa Startup Mentorship Program, culminating in the Make in Africa Finale 2024. This platform continues to showcase the energy and innovation emerging…
Moove Partners with Waymo for Autonomous Vehicle Fleet Operations in the U.S.
December 10, 2024
Moove has announced a fleet partnership with Waymo, the global leader in autonomous driving technology. This collaboration represents the first commercial partnership of its kind on the Waymo One app. Under the agreement, Moove will…
Egypt's Nowlun Secures $1.7 Million Seed Funding
December 3, 2024
Nowlun, an Egyptian digital freight forwarding platform, has announced it has raised $1.7 million in seed funding. The round was led by Nama Ventures and A15, with participation from Sanabil 500 Global and prominent angel…
Kenya Startup Ecosystem Platform Launches to Drive Data-Driven Growth and Global Connections
December 2, 2024
During Kenya Innovation Week, Dealroom.co, in partnership with GrowthAfrica and Systemic Innovation, launched the Kenya Startup Ecosystem Platform—a transformative, open-access database designed to drive data-driven insights and foster international connections for Kenya’s dynamic, startup and growth…
Raenest Returns as Headline Sponsor for Africa Tech Summit Nairobi 2025
November 28, 2024
Africa Tech Summit Nairobi has announced that Raenest will be the headline sponsor for the second consecutive year in 2025. The seventh edition of Africa Tech Summit Nairobi, powered by Raenest, will take place on February 12th…
Sylndr Secures EGP 370 Million Financing Facility to Transform Egypt's Used Car Market
November 28, 2024
EFG Hermes has announced that its investment banking division had completed an advisory for an EGP 370 million working capital facility for Sylndr, Egypt’s leading online used cars player. The innovative structure of this transaction…