NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

South African emergency response platform AURA is preparing to scale globally after securing €13.5 million ($14.6 million) in Series B funding. The round, co-led by Cathay AfricInvest Innovation Fund (CAIF) and global venture capital firm Partech, brings the startup’s total funding to date to €21 million ($22.8 million). The funds will accelerate AURA’s expansion into the United States and help solidify its presence in nearly 50 countries within the next two years.

Photo courtesy RDNE Stock project.