Last Week Today is a weekly podcast sponsored by GetFundedAfrica with your host Nichole Manhire PhD
The GFA research team keeps track of all funding activity throughout Africa and Nichole creates a list of 5 startups that stood out and made headlines.
Top 5 Funded Startups (in no particular order)
Rabbit
$11 Million USD
Rabbit is a clean-tech transportation company, has just secured $11 million in pre-seed funding,from Global Founders Capital, Raed Ventures, Foundation Venture, MSA Capital, and Goodwater Capital backed this pre-seed round, which set a new stage record in Africa and the Middle East for TF VC.
About Rabbit
In June, Ahmad Yousry, Walid Shabana, Ismail Hafez, and Tarek El Geresy created Rabbit. Following seeing that Yousry continually experienced a sequence of slow and unsuccessful deliveries whenever he ordered groceries, the founders began talking about replicating fast delivery methods in Egypt.
Efreshli
US$550k
The seed round was led by angel investor Tarek Sakr and property developer Marakez, with participation from other investors. The startup will now focus on strengthening its technology solutions and opening its first GCC location in 2022.
About Efreshli
Founded in early 2019 by Heba El-Gabaly, Efreshli is a technology-enabled furniture design and shopping solution that has created a new way for consumers in Egypt to shop for their homes, from their homes. Read More
Craydel
US$1million
The round was led by Enza Capital and Reshaad Sha’s AI investment fund BriteGaze, along with the Future of Learning Fund and two US-based firms Bisk Ventures and Tekton Ventures.
About Craydel
Manish Sardana, John Nguru and Shayne Aman Premji launched Craydel in 2021 with a mission to democratise higher education by providing students access to a variety of courses from universities around the world. Read More
JUMO
US$120mn
To date, JUMO has raised over US$200 million in equity and loan rounds from Brook Asset Management, Finnfund, Proparco, Leapfrog, and Goldman Sachs, among others.
About Jumo
Manish Sardana, John Nguru and Shayne Aman Premji launched Craydel in 2021 with a mission to democratise higher education by providing students access to a variety of courses from universities around the world. Read More
ShipBlu
US $2.4million
The latest funding round was led by Nama Ventures, with participation from Startling Ventures, Orange Ventures, 1984 Ventures, and other investors.
About ShipBlu
ShipBlu was co-founded in 2020 by entrepreneurs Ali Nasser, Ahmed ElKawass, and Abdelrahman Hosny. It specializes in redefining e-Commerce shipping and fulfillment in Egypt. Read More
If they can do it you can do it too!!
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