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Singapore VC Granite Asia Leads $60 Million Funding Round for AI ‘Data Foundry’ Centific to Fuel Global Expansion
Granite Asia was one of two foreign VCs, alongside Taiwan’s AppWorks, selected to take part in a new Malaysian initiative to invest in local startups and encourage global companies to redomicile in the Southeast Asian country.
- Categories
- Investing
- Region
- South Asia
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Cape Town’s Open Access Energy Raises $1.8 Million to Scale AI-Driven Electricity Trading
Cape Town-based startup Open Access Energy (OAE) has secured $1.8 million (R32.3 million) in seed funding to expand its AI-powered platform for electricity trading.
- Categories
- Environment, Investing, Technology
- Region
- Sub-Saharan Africa
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Nigerian B2B E-Commerce Startup Sabi Lays off 20% of Workforce as It Pivots
Nigerian startup Sabi, a B2B marketplace serving Africa’s informal sector, has laid off about 20 per cent of its workforce as it pivots to focusing on commodity exports.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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US Wealthtech Waltz Preps Latin America Launch With New $25 Million Credit Line
The credit line has been provided by affiliates of Setpoint Capital, with Waltz now leveraging $50 million in combined equity and debt funding.
- Categories
- Investing
- Region
- Latin America
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Zero Carbon Charge Secures $5.6 Million to Expand Solar EV Charging Network in South Africa
The investment will support the company’s efforts to build a national network of solar-powered, ultra-fast electric vehicle (EV) charging stations positioned every 150 kilometres along the country’s major roads.
- Categories
- Energy, Transportation
- Region
- Sub-Saharan Africa
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Senegalese E-Health Startup KERA Raises $10 Million Funding from IFC
Senegalese e-health startup KERA Health Platforms has raised US$10 million in funding from the International Finance Corporation (IFC), a member of the World Bank Group.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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African Remittance Startup LemFi buys UK Card Issuer
Remittance flows to low- and middle-income countries rose nearly 6% last year to $685 billion, according to a World Bank estimate.
- Categories
- Finance, Technology
- Region
- Global
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Prominent Global VC Endeavor Catalyst Is Raising $300 Million, Sources Say
Endeavor Global identifies breakout founders early, provides them with global mentorship and market access, and then backs them.
- Categories
- Investing, Social Enterprise
- Region
- Global
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