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Startup Tag

Egyptian prop-tech startup Isqan raises 6-figure pre-seed funding round

Egyptian prop-tech startup Isqan has raised a six-figure US dollar pre-seed funding round as it launches its new platform designed to revolutionise the country’s real estate sector. Founded last month by Ali Ezzat and Karim Hazem, Isqan is a listings platform for users looking to rent or buy properties in Egypt.  The startup, which only went live with its offering in August, says it combines a user-friendly interface with a free services offering. Isqan has partnered a number of Egyptian real estate companies to offer users a wide range of trusted options.  Read also; Grant worth $25 000 launches for young SA filmmakers Isqan raised the six-figure pre-seed...

SA edtech startup receives $7-million investment

Bradley Elliott, the Chief Marketing and Innovation Officer of Valenture provides insight into how the investment will help the edtech startup reach its goals.  The investment will be used towards the high-tech enabled boutique high school campuses in South Africa  “The investment will be used for further global expansion, enhancing the learning experience, and building out additional offerings such as new subjects and exclusive bootcamps like Coding, Design Thinking, Data Science, and more.” In addition, the funding will be used for resources dedicated to the roll-out of the school’s hybrid, tech-enabled, boutique campuses, which combine online learning, in-person guidance by Learning Coaches, and socialising with peers, and additional features...

Egyptian Startup Rology Secures $860,000 For Its Platform

Cairo-based healthtech Rology has secured $860,000 in a Pre-Series A round led by HIMangel. The round was also joined by Dubai Angel Investors (DAI), The Asia Africa Investment & Consulting (AAIC) from Japan, and Saudi’s Athaal Group. “For the last three years we saw firsthand how Rology’s services help hospitals offer fast and accurate care to their patients and how it can literally save patients’ lives. We look forward to expanding Rology’s platform to the African and Middle Eastern market where there is a huge need for Rology’s services and ultimately help hospitals offer better care to their patients,” Amr AboDraiaa, the co-founder and CEO Rology,...

Your Startup Is a Movement

During this campaign season, many of us are reflecting on how change is created and political movements take hold. There is an analogue between grassroots politics and startup evangelism. The best founders talk eloquently about their mission and the change they want to make in the world. They speak about something larger than dollars and cents. They articulate a vision of the future that attracts adherents. They create a movement. If you want to understand how Tesla can become the most valuable car company in the world without needing to spend a dime on advertising, while its competitors futilely buy Superbowl ads, or why 170,000 people...

Rwanda, Begins To Start Processing The “Start-up Act,” 20 other African Countries to follow

The Rwandan government has become the latest on the continent to start working on implementing a Startup Act, which it hopes will spur the development of the country’s tech-based services industry.  The Startup Act will soon go to parliament in the Democratic Republic of Congo (DRC), and related laws and decrees are being worked on or explored in almost 20 African countries.  To bring this home, the Rwandan government has called upon Innovation for Policy Foundation (i4Policy); the same organisation that was instrumental to the feat achieved in both Tunisia and Senegal. i4Policy i4Policy, a pan-African community of over 160 innovation hubs in 45 countries across Africa, has launched a continental consultation to...

Apply: NISRF (Nigeria Impact Startup Relief Facility)

About NISRF Helping Early-Stage Impact Startups Survive the COVID-19 Crisis Nigeria Impact Startup Relief Facility (NISRF) is an emergency facility designed by a consortium of funding partners to disburse grants to a significant number of existing post-MVP stage high-growth startups who create impact so they remain viable during the COVID-19 crisis. NISRF is designed to support grant applicants whose businesses/activities are either being adversely affected by or modified in response to COVID-19. In order to qualify for this funding, the following criteria have to be met: 1Be a company operating in Nigeria 2The company is tackling an urgent social problem 3The company is post-MVP, revenue-generating, registered with CAC 4Can demonstrate solid financial...

New Report Ranks South Africa, Kenya and Rwanda As Africa ’s Top Startup Ecosystems

Although much of Africa ’s fundraising has gone to Nigeria in the past two years, a new report by the India-based global startup data firm, StartupBlink, code-named StartupBlink Ecosystem Rankings Report has ranked South Africa, Kenya and Rwanda as the continent’s top startup ecosystems.  According to the report, globally the US has maintained a substantial ranking gap from all other countries, the big four also includes the UK, Israel, and Canada. The only change that differs from 2019 in the Big 4 is between Israel (3rd) and Canada (4th).According to the report also, the highest placed country new to the top 100 is Taiwan, ranking 30th; an impressive...

Ugandan investtech startup XENO raises $150k pre-seed funding round

Ugandan online investment advisory startup XENO has raised a US$150,000 pre-seed funding round to power its continued growth. Launched in 2017, XENO uses artificial intelligence (AI) to help people plan, save, and invest their money in a diversified investment portfolio. The startup’s platform takes into account a user’s personal circumstances, financial goals and risk tolerance to automatically devise a recommended investment portfolio, and claims its risk profiling and portfolio-compiling algorithm is one of the first of its kind in Africa. XENO has now raised US$150,000 from Nordic Impact Funds in a pre-seed round that takes its total investment secured so far to US$430,000.  Aéko Ongodia, the startup’s founder and chief executive officer (CEO), said...

Germany Africa Business Forum Sets up Fund to Invest in German-African Energy Startups

The Germany Africa Business Forum (GABF) announced it has launched a multi-million Euro funding commitment to investing in German energy startups that focus on Africa in collaboration with private partners from the energy industry. The funding commitment, which pledges funds to German startups with exposure to African energy projects, will be the first such intra-regional initiative. Read more from source article: https://www.techawkng.com/2019/07/25/germany-africa-business-forum-fund-invest-startups/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

In Africa, private equity firms are reducing their funding sizes to target startups

This behaviour could change soon. According to industry insiders, a number of domestic private equity companies are planning to lower their minimum funding amount so they can invest in startups. At an event in December, a partner at a major PE company confirmed this development to me but did not go into specifics. Read more from source article: https://techcabal.com/2020/03/24/in-africa-private-equity-firms-are-reducing-their-funding-sizes-to-target-startups/ Click here to subscribe for GetFundedAfrica Newsletters: https://getfundedafrica.com/pricing-plans/ ...

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