Daily Digest

Daily Digest Tuesday, 19 October 2021

Funding In North Africa

Cairo-based ConTech Elmawkaa Raises Six Figure Seed Round

The Seed round was led by Flat6labs and joined by a Group of Oqal angels from Saudi Arabia after joining 500 Startups (now 500 Global) in Misk’s second batch in 2019. Read More

Egyptian Logistics Startup ILLA Raises 7-Figure Seed Round To Help It Grow

Launched through the Flat6Labs Cairo accelerator in March 2019, ILLA caters for corporates and SMEs, providing full-fledged transportation and logistics solutions tackling major pain points unique to the FMCG industry.  Read More

Funding By Africans For Africans

Sendy Invests In Kamtar, A Logistics Company In A Bid To Accelerate Pan-African Expansion Plans

Following a recent funding round, Sendy partnered with Mobility 54 Investment SAS, Toyota Tsusho Corporation and corporate venture capital arm, to acquire a significant stake in the logistics company. Read More

DEAL: Sendbox Raises $1.8 Million In Seed Funding To Digitize Deliveries For African SMEs

Investors in this round include 4DX Ventures, Enza Capital, FJLabs, and Golden Palm Investments. With participation from Flexport and YC Combinator as part of its 2021 winter cohort. Read More

Deals To Watch

PCK & Swift Lab Have Partnered To Launch A Drone Delivery Service In Kenya

The Postal Corporation of Kenya (PCK) has entered into a 3-year deal with Swift Lab, a drone manufacturing company, to roll out drone-based delivery services countrywide. Read more

From The GFA Team

To Be African Or Not To Be African That Is The Question: African In The Diaspora (Diary)5 Steps for Personal Development: Life Changes With Efe
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Africa was the birthplace of the human species between 8 million and 5 million years ago. Read More Personal development is a lifelong process, it refers to the continuous act of evaluating your values and goals towards building your skills and qualities to reach your potential. Read More

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email: nichole@getfundedafrica.com

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