Tag: raises

Zest Equity, UAE’s digital infrastructure solutions platform for private market transactions, has secured $4.3 million to simplify and digitise private market transaction processes by providing essential infrastructure to streamline execution. The pre-series A funding was led by Prosus Ventures with participation from Morgan Stanley Inclusive and Sustainable Ventures (MSISV)and will be deployed to grow its

OmniRetail, a Nigeria-based B2B ecommerce marketplace digitising order management and embedded financial services for retailers, distributors, and manufacturers has raised $20 million to expand across Nigeria, Ghana and Ivory Coast. The $20 million was co-led by Norfund and Timon Capital with participation of Ventures Platform, Aruwa Capital...

Lori Systems, the Nairobi-based digital freight platform, has raised $2 million in a bridge round at a significantly reduced $5 million valuation, a steep drop from its 2020 peak valuation of $120 million. Led by Delta40, with participation from Future Africa, FP Capital, and others, the new funding brings Lori’s total raised capital to over

Aetherflux plans to launch an initial demonstration satellite to test its space-based solar power technologies by 2026. Credit: Aetherflux WASHINGTON — A startup taking an alternative approach to space-based solar power has raised $50 million as it works towards a first demonstration mission next year. Aetherflux announced April 2 it raised a $50 million Series

Helios Fund V has raised $75 million investment funding from EIB Global to invest in companies in digital infrastructure, financial services and technology, and tech-enabled service sectors including education, training and healthcare, which are aligned with the priorities of the EU-Africa Global Gateway Investment Package. The European Investment Bank (EIB Global) made the funding into Helios Investors V

The Israeli occupation army has announced an elevation of the alert level throughout Israel, just days before the start of the Jewish Passover holiday. The declaration of the alert status in Israel follows a situation assessment conducted by Chief of the General Staff Eyal Zamir. Military presence is also slated to be reinforced across various

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Moniepoint, a Nigerian business payments and banking services platform, has secured an investment from Visa to advance financial inclusion and shaping the future of digital payments while fostering SME growth across Africa. Visa joins other notable investors including Development Partners International, Google’s Africa Investment Fund, Verod Capital, Lightrock, QED Investors, Novastar Ventures, British International Investment