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Report: Shifting Investor Appetite Prolongs Fundraising for African Startups
African startups will have to become comfortable with longer fundraising timelines, a new report suggested, as more dealmakers flock to ventures at the seed stage in a changing investment landscape.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- research, startups, venture capital
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Gates Foundation-Backed I3 to Invest $1.6 Million in 15 African Healthtech Startups
The initiative will give $50,000 equity free grants to ten early stage startups and up to $225,000 each to five early stage startups who are solving problems in healthcare delivery, pharmacy services, and product distribution.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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Indonesia’s eFishery Unicorn Allegedly Faked Most of Its Sales – Report
A preliminary, ongoing probe into the agritech startup estimates that management inflated revenue by almost $600 million in the nine months.
- Categories
- Agriculture
- Region
- South Asia
- Tags
- startups
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SaaS Startup TreZix Bags $2 Million To Streamline Import And Export Solutions
The Surat-based startup plans to expand its sales and marketing operations across India while eyeing entry into the US market.
- Categories
- Technology
- Region
- Asia Pacific
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Riceberg Ventures Launches $20 Million Fund to Support DeepTech Startups in India
The fund plans to invest in 25-30 startups globally, with an average ticket size of USD 0.5 million per investment.
- Categories
- Technology
- Region
- Asia Pacific
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South African SAAS Startup TACo Raises $1.6 Million to Power AI Sustainability Platform
The company’s impact-driven approach has garnered support from investors who align with its vision of driving measurable benefits for people, the planet, and profit.
- Categories
- Environment, Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- climate change, data, innovation, startups
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Africa’s Startups Need Patient Capital: Could the African Diaspora Help Provide it?
African startup funding amounts to a tiny fraction of global venture capital (VC), and these investments are often concentrated on sectors like fintech and e-commerce. As a result, as Kristin H. Wilson at Innovate Africa Fund argues, African founders often lack the capital and incentive to tackle the continent’s biggest development challenges. She proposes a new approach to funding innovative African-made solutions to these issues — one that leverages the capital and entrepreneurial expertise of the African diaspora.
- Categories
- Health Care, Investing
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Microsoft Announces US $3 Billion Investment Over Two Years in India Cloud and AI Infrastructure to Accelerate Adoption of AI, Skilling and Innovation
Microsoft shared a comprehensive plan to train and skill 10 million people by 2030, reinforcing its commitment to partnering with India on its journey to become an AI-first nation.
- Categories
- Investing, Technology
- Region
- Asia Pacific
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