Funding has long been a challenge for African startups but the tide has started to turn in the last year as the sector heats up and both investors and entrepreneurs start to see some of their long term efforts come to fruition. In the recent past the biggest issue startups from Lagos to Nairobi or […]
Category: News
Getaround acquires European car rental platform Drivy for $300M
Getaround, the peer-to-peer car-sharing startup that launched at TC Disrupt back in 2011, is making moves to become a global car rental service. […]
AfricInvest and Cathay Innovation Join Forces to Launch the Leading Pan-African Venture Fund
April 10, 2019 AfricInvest, a leading private equity firm in Africa with $1.5bn in assets under management, and Cathay Innovation, the global venture capital fund, created in affiliation with Cathay Capital Private Equity, are pleased to announce today their association for the fundraising and management of the “Cathay Africinvest Innovation” Fund, the first Pan-African Venture […]
Cathay Innovation and AfricInvest to raise $168M Africa VC fund
Tunisia-based private equity firm Africinvest has teamed up with Cathay Innovation — the venture sub of Paris-based private equity firm Cathay Capital — to launch a new Africa tech fund with a target raise of $168 million. Details are still forthcoming, but the Cathay Africinvest Innovation Fund will focus primarily on Series A to C-stage investments in African technology […]
Owkin Closes A New Venture Round Led By F-Prime Capital And Eight Roads Ventures
Owkin, a company which builds machine learning technologies and infrastructure to enable breakthrough medical research, today announced a funding round led by F-Prime Capital and Eight Roads Ventures. The round was joined by GV, Cathay Innovation and NJF Capital. […]
Pinduoduo sold RMB 65 billion in goods from anti-poverty program in 2018
Chinese social e-commerce platform Pinduoduo said on Tuesday that it earned sales revenue of more than RMB 65 billion (around $9.7 billion) in 2018 from a special program that sells farm produce from poverty-stricken regions. The report on the program is a timely response to announcements made during the central government’s annual Two Sessions meetings, promoting new […]
Online bank Chime now valued at $1.5 billion after new funding round
Digital bank Chime has tripled its valuation, officially passing the $1 billion-mark this week. The San Francisco-based company announced a $200 million Series D financing round that brings its new valuation to $1.5 billion. Investors were led by DST Global, which also participated in earlier fundraising rounds, and new investors Coatue, General Atlantic, Iconiq Capital […]
Chime Raises $200 Million At $1.5 Billion Valuation
Digital bank Chime has tripled its valuation, officially passing the $1 billion-mark this week. The San Francisco-based company announced a $200 million Series D financing round that brings its new valuation to $1.5 billion. […]
Trifacta Triples User Base And More Than Doubles Cloud-Based Revenue in 2018
Trifacta, Inc., the global leader in data preparation, today announced another year of significant growth. Fiscal year 2019, which ended January 31, saw annual recurring revenue (ARR) grow by over 85 percent with accelerated growth of more than 2x in cloud-based revenue as result of strong customer wins globally, continued industry recognition as the leader in […]
DataSine raises $5.2M led by Pentech and Propel for its AI content-marketing platform
By now, most of us should be familiar with the concept of the tailored news feed. Right now my Facebook feed (yes, I’m still there, alas) has been messed up because I’ve clicked on too many posts about Brexit, but I digress. My point is that content has long since fallen to the tyranny of […]