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SoftBank Leads $127 Million Funding Round for Brazilian Healthcare Startup Alice
Brazilian healthcare startup Alice has raised $127 million in its series C funding round led by Softbank Latin America Fund, the company said on Tuesday.
- Categories
- Health Care
- Region
- Latin America
- Tags
- impact investing, startups
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Google’s Africa Investment Fund Makes First Investment in Uganda’s SafeBoda
Internet giant Google announced that it has made the first investment from its Africa Investment Fund in Ugandan super app SafeBoda.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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African Development Bank Approves USD $170 Million for Investment in Nigeria’s Digital, Creative Start-Ups
The Board of Directors of the African Development Bank (www.AfDB.org) has approved a loan of US$170 million to finance a digital and creative enterprises program in Nigeria.
- Categories
- Education
- Region
- Sub-Saharan Africa
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African Climate Startups Invited to Apply for Adaptation SME Accelerator Project
Run by Village Capital and The Lightsmith Group, ASAP will accelerate 16 SMEs and startups that are scaling climate adaptation and resilience solutions in Africa and Asia.
- Categories
- Energy, Environment
- Region
- Global
- Tags
- accelerators, climate change, scale, startups
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Brazilian Consumer Credit Startup Open Co Raises $115m in SoftBank-led Round
Open Co, a São Paulo-based consumer credit company, announced today that it has raised $115 million in a round led by SoftBank Latin America Fund.
- Categories
- Finance
- Region
- Latin America
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Scale Is Overrated: Why the ‘Unicorn Industrial Complex’ is Holding Back Social Enterprise and Emerging Markets Business
Social enterprises and small and growing businesses (SGBs) are the focus of a lot of discussion and excitement in the development sector, as seen in recent SGB coverage on NextBillion and other publications. But Jack Foreman at Foresee Advisors argues that this discussion ignores the needs – and essential natures – of the vast majority of these businesses, particularly in emerging markets. He explains why the focus on scale – and investors' search for the next potential "unicorn" startup – overlook the crucial importance of SMEs that are content to remain small or medium-sized.
- Categories
- Investing, Social Enterprise
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African Edtech Startup Ulesson Raises $15m, Backed by Nielsen Ventures and Tencent
Founded by Nigerian serial founder Sim Shagaya in 2019, uLesson came into the market when the pandemic hit last year.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
- Tags
- edtech, impact investing, startups
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Cybersecurity Startup CloudSEK Bags $7 Million in Funding Led by MassMutual Ventures
The startup will use the fresh capital to scale its team of 100 engineers to evolve and refine its machine-learning capabilities as well as in increasing the marketing muscle outside of the country.
- Categories
- Technology
- Region
- Asia Pacific
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