Daily Digest Friday, 22 May 2020
Funding In West Africa
Kenyan Agritech Startup Apollo Agriculture Raises $6m Series A To further Scale Its Business
Apollo Agriculture, the Kenyan agri-tech startup has secured a US$6 million Series A funding round to continue rapidly scaling by partnering with more farmers, expanding its product offerings, and growing its team. Read more….
Funding in North Africa
Egypt’s EYouth raises USD180K in SEED funding from EdVentures
EYouth, a social enterprise based in Cairo that empowers youth through a wide range of services, has raised USD 180K in a round investment as SEED fund from EdVentures, the venture capital arm of Egypt’s Nahdet Misr Publishing House. Read more
Ethiopia’s Logistics Startup Deliver Addis Secures Additional Funding From The Impact Angel Network
Ethiopia’s leading logistics startup and pioneer e-commerce company Deliver Addis has secured funding through its partner company Roadrunner Technology Solutions LLC (Roadrunner) from members of RENEW’s Impact Angel Network (IAN) to meet its increased demand as a result of the coronavirus pandemic. Read more….
Funding In Southern Africa
Edtech startup Syafunda lands R2.5m investment from Edge Growth
SA edtech startup Syafunda has received a R2.5-million investment from Edge Growth which will allow the startup to scale its platform to meet the growing need amid the coronavirus pandemic for online learning in South Africa. Read more…..
Naspers Foundry invests R100 million in agritech business, aerobotics
Naspers announced a R100 million investment in agritech business Aerobotics, through its early-stage business funding initiative Naspers Foundry. Aerobotics is a subscription-based artificial intelligence (AI) company that provides intelligent tools for the agricultural industry to manage its crops. Read More
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