Startups Archives - Page 3 of 20

PRE-SEED INVESTMENT PROGRAM MADICA ANNOUNCES FIRST SET OF AFRICAN TECH PORTFOLIO COMPANIES

24Apr

By Africa BusinessNo Comments

Startups, Tech

PRE-SEED INVESTMENT PROGRAM MADICA ANNOUNCES FIRST SET OF AFRICAN TECH PORTFOLIO COMPANIES

Pan-African Program Adds New Hires, Kicks Off Founder Immersion Networking Trips, Ecosystem Collaboration Madica, a structured investment program designed for pre-seed stage startups in Africa, announced its first set of investments in three startups today. In line with Madica’s mandate, each startup has received an investment of up to $200,000 and is now a part of Madica’s comprehensive investment program which includes 18 months of dedicated company-building support tailored to the unique needs of each startup. Madica delivers its support through a highly personalized curriculum, hands-on mentorship, invitations to fully-funded week-long founder immersion trips, executive coaching opportunities, and access to madica’s global network of investors for follow-on funding - all designed to s...

TLcom Closes Africa’s Largest Early-Stage VC Fund at $154 Million

22Apr

By Africa BusinessNo Comments

Business, Startups

TLcom Closes Africa’s Largest Early-Stage VC Fund at $154 Million

Africa’s Leading Early-Stage VC Surpasses Target for Its Second Fund, TIDE Africa II, Focused on Seed & Series A Companies Today, TLcom Capital, the Africa-focused venture capital firm, announced the final close of TIDE Africa Fund II, its second fund for technology in Africa, at $154 million. Confirming TLcom Capital’s status as Africa’s largest Seed and Series A investor, the new fund accelerates the firm’s mission to partner with elite founders to tackle Africa’s biggest and most complex challenges with innovative solutions that will unlock massive value in the continent’s critical sectors. At more than twice the size of TLcom Capital’s first fund, TIDE Africa Fund II is oversubscribed and sees participation from several new, high-profile LPs alongside returning LPs from the firm’...

Global Startup Awards Africa 2024 is OPEN

8Mar

By Africa BusinessNo Comments

Startups

Global Startup Awards Africa 2024 is OPEN

Calling all African innovators, startups, and ecosystem enablers dedicated to solving critical global challenges. The Global Startup Awards Africa (GSA Africa) 2024, Edition 11, is now open for entries, with Ethiopia announced as the host for the African Finale in October 2024, the stage is set for a transformative journey towards unlocking Africa's true potential and shaping a future for generations to come. Aligned with the United Nations Sustainable Development Goals (SDGs), the 2024 categories include GreenTech, HealthTech, Mobility and Logistics, AgriTech, FinTech, and Women in Tech. Notably, this year sees the introduction of the Youth Startup category, with Africa being the youngest continent globally, boasting 60% of its population under 25 years old, we're proud to introduce...

12 African Startups draw full house as Techstars hosts Demo Day in Lagos

25Feb

By Africa BusinessNo Comments

Nigeria News, Startups

12 African Startups draw full house as Techstars hosts Demo Day in Lagos

Event unveils category-defining innovations across Africa Techstars, the most active startup investor in Africa, held its second pan-African Demo Day in partnership with Lagos-based innovation program, ARM Labs. The ARM Labs Lagos Techstars Accelerator Demo Day was held on 20th February at Balmoral Convention Center, Federal Palace Hotel, Lagos. The event featured presentations from Techstars’ stellar second cohort from across the continent, marking the end of an immersive three-month accelerator program. The startups presented to Techstars' vast network of investors, mentors, senior operators, and ecosystem leaders, unveiling achievements and future plans whilst vying for strategic partnerships and commercial collaboration. In addition to the startups’ presentations, the event feature...

Durban to Dublin — Irish Tech Challenge South Africa 2023 Winners to Showcase SDG Innovations in Ireland

13Feb

By Africa BusinessNo Comments

South Africa News, Startups

Durban to Dublin — Irish Tech Challenge South Africa 2023 Winners to Showcase SDG Innovations in Ireland

The Irish Tech Challenge South Africa is excited to announce that the 2023 winning cohort is set to travel to Ireland for a 10-day curated immersion and networking programme with access to top industry leaders and potential for further funding. The Irish Tech Challenge is a prestigious competition that seeks to unearth high-impact South African start-ups that have developed innovative, SDG-aligned solutions. The winning five start-ups emerged from 266 applications and were unveiled on 21 November 2023. From AgriTech to BioTech to HealthTech, their innovations demonstrate the depth and diversity of talent in the South African tech landscape. The five winning start-ups: Thato Schermer — Founder, Zoie Health (HealthTech) Neo Hutiri — Founder, PeleBox (HealthTech) Vuyo Pakad...

Ilara Health Secures $4.2M Pre-Series A to Digitise Fragmented Primary Healthcare in Africa

12Feb

By Africa BusinessNo Comments

Business, Medicine, Startups

Ilara Health Secures $4.2M Pre-Series A to Digitise Fragmented Primary Healthcare in Africa

Kenya-based start-up to scale investment in thousands of Primary care clinics through new technology and enhanced business model Ilara Health, the healthtech company digitising and consolidating highly fragmented primary care in Kenya, has today announced the close of a $4.2M pre-series A round of equity and debt. Led by DOB Equity, the round also sees follow-on equity investment from AAIC INVESTMENT, Angaza Capital, Black Pearl Investments, Perivoli Innovations, as well as debt investment from Alphamundi and Kiva Capital. New to the round are Philips Foundation and Boehringer Ingelheim. The new partners are strategic healthcare investors that bring their deep experience working with and investing in companies in the global healthcare industry. Ilara Health will use the latest capital ...

10 Ventures Announced for the Africa Tech Summit Nairobi 2024 Investment Showcase

16Jan

By Africa BusinessNo Comments

Events, Kenya News, Startups

10 Ventures Announced for the Africa Tech Summit Nairobi 2024 Investment Showcase

Africa Tech Summit Nairobi has announced ten African tech ventures that will showcase their solutions to a diverse audience of industry experts, investors and fellow innovators on February 14th and 15th. While African startup funding declined in 2023, the investment showcase continues to foster collaborations and stimulate investment opportunities to bridge the funding gap in the ecosystem. According to data from Africa: The Big Deal, African startup funding experienced a 39 percent decline, falling to $2.9bn in 2023 from $4.6bn recorded in the previous year. The 250+ entries received from various countries across Africa, including Kenya, Egypt, Tanzania, Nigeria, Ghana, South Sudan, Malawi, Angola, Morocco, Botswana, Benin, Congo, Uganda, South Africa, Sierra Leone and more, highlight t...

18Dec

By Africa BusinessNo Comments

Fintech, South Africa News, Startups

Unleashing Africa’s potential: A vision for innovation and entrepreneurship

SA Innovation Summit CEO Buntu Majaja looks back at this year’s successes and quantifies next year’s opportunities. - SAIS2023 brought together 2,600 innovators from 26 countries - The investment capital in attendance equalled around R30 mbillion - Startups are pivoting to or building on AI In the dynamic world of technology and entrepreneurship, the courage and determination of startup founders is invigorating. As the CEO of the SA Innovation Summit, witnessing these entrepreneurs, often unsure of their own capabilities until the moment of truth, fuels a passion for the role and a deep sense of responsibility as an enabler for the industry. It’s believed that everyone possesses an innate desire to contribute positively to the world, and it is this entrepreneuria...

Africa’s most active startup investor, Techstars, Announces 12 new investments through its Africa- focused program in partnership with ARM Labs

15Dec

By Africa BusinessNo Comments

Startups

Africa’s most active startup investor, Techstars, Announces 12 new investments through its Africa- focused program in partnership with ARM Labs

Techstars, the most active startup investor in Africa, has announced its second cohort of 12 companies to participate in its pan-African accelerator program in partnership with Lagos-based innovation program, ARM Labs. Following a successful inaugural program, the ARM Labs Lagos Techstars Accelerator will build upon its commitment to helping entrepreneurs that are changing Africa and the world. The 2023 cohort, selected from over a thousand applications, delivers tech-enabled solutions across various verticals in Sub-Saharan Africa. The sourcing and selection was led by Managing Director for the accelerator, Oyin Solebo. It culminated in a screening committee joined by fellow directors at Techstars, executive leaders at ARM - Jumoke Ogundare, Sadiq Mohammed, Wale Odutola, Uche Azubuike a...

6Nov

By Africa BusinessNo Comments

Ethiopia News, Nigeria News, Startups

Three Nigerian startups scoop top awards at Global Startup Awards Africa, Addis Ababa

Nigerian startups continue to enhance their reputation as some of the most innovative and dynamic players in the continent’s startup ecosystem, after the region walked away with three top awards at the Global Startup Awards (GSA) Africa Summit recently held in Addis Ababa. The GSA Africa in collaboration with the Global Innovation Initiative Group (GIIG), the Ethiopian Ministry of Labour and Skills (MOLS), the Ethiopian Ministry of Innovation and Technology (MInT) with the support of the Entrepreneurship Development Institute (EDI) Ethiopia, revealed the names of 16 overall African category winners. At the spectacular awards ceremony in the Ethiopian capital, three Nigerian startups were among the winners. Emergency Response Africa’s critical initiative to connect individuals experienc...