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DEG Backs Two African Funds with $41 Million
DEG’s funding will provide growth capital to support African businesses in their pursuit to expand and densify the digital infrastructure for Africa’s ongoing digital transformation.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Sequoia Capital Makes a Big Bet on Web3, Leading $450 Million Investment in Polygon Blockchain
Sequoia Capital is playing catchup with arch-rival Andreessen Horowitz in the race to invest in what could be the future of the internet — so-called Web3.
- Categories
- Technology
- Region
- Global
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Nigeria’s Reliance Health Raises $40 Million Series B funding Round
Nigerian e-health startup Reliance Health has announced the completion of a US$40 million Series B funding round to help it expand in emerging markets around the world and add to its product suite.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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Colombian E-Commerce Enablement Startup Melonn Raises $20 Million to Help Small Businesses Scale in Latin America
Melonn, a Colombian startup that provides fulfillment and software services to small and medium-sized e-commerce companies in Latin America, has raised $20 million in a Series A round led by QED Investors.
- Categories
- Technology
- Region
- Latin America
- Tags
- e-commerce, startups
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Nestcoin Raises $6.45 Million in Pre-Seed Capital to Accelerate Crypto and web3 Adoption in Frontier Markets
Nestcoin, a company building, operating, and investing in web3 applications, announces that it has raised $6.45 million in pre-seed capital.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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How Cross-Industry Collaboration Can Spur the Digitalisation of the Last-Mile Distribution Sector
Last-mile distributors play a critical role in bringing energy and other life-changing products and services to customers in sub-Saharan Africa, and digitalisation is key to enabling these companies to operate at scale. But as Javier Baranda Alonso at Energy 4 Impact explains, both distributors and digital service providers often struggle to understand and service each other’s needs. He shares insights from a research report that highlights ways to accelerate the digitalisation of last-mile distribution by building bridges between the two sectors.
- Categories
- Energy, Social Enterprise, Technology, Telecommunications
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Kenya’s Afya Rekod Raises $2 Million Seed Funding to Digitise Health Record
Afya Rekod, a Kenyan healthtech startup solving this problem by creating a platform that digitally collects and stores people’s health records, has closed a $2 million seed funding to scale its product and expand into new African markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Hyderabad based Agritech Startup Our Food Raises US $6 Million
Hyderabad City-based agritech startup Our Food has raised $6 million in a growth funding round led by existing investor 3Lines Venture Capital.
- Categories
- Agriculture, Technology
- Region
- South Asia
- Tags
- food security, startups
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