South Africa's Parcel Shipping Platform, TUNL, Raises $1 Million in Pre-Seed Funding
December 16, 2023
TUNL has secured $1 million in pre-seed funding from Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels. The funding will be used to accelerate the company’s growth in its beachhead market of…
Techstars Announces 12 new investments through ARM Labs
December 15, 2023
Techstars has announced its second cohort of 12 companies to participate in its pan-African accelerator program in partnership with Lagos-based innovation program, ARM Labs. Following a successful inaugural program, the ARM Labs Lagos Techstars Accelerator will build…
Mergers and Acquisitions: A survival toolkit for African startups
December 14, 2023
By Kaivan Sattar, CEO and founder, Asaak In June 2023, my company Asaak did something unusual for an African tech startup: we acquired another company on another continent. More specifically, we acquired the operations of…
Jumia Food to Cease Operations This Month Due to Low Sales
December 14, 2023
Jumia Food, the food delivery arm of the e-commerce giant Jumia, is set to cease operations this month. For years, Jumia Food has competed with companies such as Glovo, Uber Eats, and Bolt Food. These…
tappi Raises $1.5M in Pre-Seed Funding
December 9, 2023
tappi has raised $1.5M in an oversubscribed Pre-Seed round led by Mercy Corps Ventures and Chui Ventures. With participation from Digital Currency Group, SOSV, Resilience17, growX ventures, Orbit Startups and Reflect Ventures, the investment also saw contributions from angel investors and advisors from global tech…
Endeavor Kenya Unveils Scale-Up Program Empowering High-Growth Founders
November 27, 2023
Endeavor Kenya, a non-profit organization that supports high-impact entrepreneurs, has launched its inaugural cohort-based initiative for high-growth founders, the ScaleUp Program. The program will identify ten high-growth ventures based in East Africa and support them…
Women in Tech Program Grants USD 70,000 to 7 Women-Led Startups in Kenya
October 26, 2023
Standard Chartered Bank and @iBizAfrica have announced the 6th cohort of the Women in Tech Incubator program. Themed ‘Leveraging Technology for Impact,’ the ceremony witnessed the felicitation of seven outstanding women-led businesses, each receiving a…
Google Announces 11 African Startups for Inaugural Africa AI First Accelerator Program
October 5, 2023
Google has unveiled the first cohort for its ‘Google for Startups Accelerator: AI First’ program, marking a significant leap forward for African innovation. The 11 selected startups, chosen from a competitive field of groundbreaking projects,…
29 African Healthcare Startups Secure Funding and Support from Gates Foundation, MSD, and More
September 18, 2023
29 startups have been selected to receive funding and impact support from prominent organizations, including the Bill & Melinda Gates Foundation, MSD, Microsoft, and others. The second cohort of the Investing in Innovation Africa (i3)…