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Daily Digest Wednesday, 27 May 2020

Funding In Africa

Universal Launches Def Jam Africa as Its Latest Big Bet on the Continent

Def Jam is going international. A little more than a half a year after launching Def Jam South East Asia, Universal Music Group today announced Def Jam Africa, a new division based in Johannesburg, South Africa, and Lagos, Nigeria, that will focus on “hip-hop, Afrobeats and trap talent in Africa” and report to Universal Music Sub-Saharan Africa & South Africa Managing Director Sipho Dlamini. Read more

Funding In East Africa

Kenyan e-health startup Access Afya among first to receive funding from MIT Solve as part of $900k round

Kenyan healthcare startup Access Afya has become one of the first investments made by MIT Solve through its new venture vehicle, as part of a US$900,000 bridge funding round. Read More

Call For Applications

Final call for startups to enter Lagos Urban Innovation Challenge

Utopia, an organisation that helps foster and fund innovation in emerging market cities, has made a final call for startups to enter the Lagos Urban Innovation Challenge. Read More

Funding In Other Emerging Markets

yolda Raises $830K in Seed Funding

yolda, a Turkish digital logistics startup, raised $830K in seed funding. The round was led by Collective Spark with participation from angel investors Barbaros Özbuğutu (founder of iyzico), Florian Gschwandtner (founder of Runtastic), Marcus Mosen (investor in N26, iyzico) and Stefan Kalteis. Read More

Greeneye Technology Raises $7M in Seed Funding

Greeneye Technology, a Tel Aviv, Israel-based company developing an artificial intelligence platform to detect and spray weeds in real-time, closed a seed funding round of $7m. Read more

Attention Venture Capitalists and investors GFA needs your help. Click Here

GetFundedAfrica is a technology-based, business information platform operated by Afriscaper Research & Consulting Limited with a mission to reduce barriers to funding for African businesses. GFA matches investor ready, African & African-Diaspora owned companies with global investors, leveraging market research, industry data and news aggregation

Introducing our latest feature writer, Martin N. Chukwuezi who recently wrote an insightful article called ”The impact of Covid-19 pandemic on Oil and Gas Projects in Nigeria

If you would like to raise funding for your next big business or project in Africa send us an email on mary@getfundedafrica.com

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