investing in startups Archives - AfricaBusiness.com

10Nov

By Africa BusinessNo Comments

Startups

SeaO₂ Secures €2+ Million for Pioneering Ocean Carbon Removal Technology

Dutch climate tech startup SeaO₂ has announced a major funding boost of over €2 million, aimed at accelerating its innovative carbon removal technology. Specializing in Direct Ocean Capture (DOC), SeaO₂ extracts CO₂ directly from seawater, helping reduce atmospheric CO₂ levels by enhancing the ocean’s natural absorption capacity. With backing from investors including DOEN Participaties, NEW-TTT fund, Future Tech Ventures, and CarbonFix, this funding will support SeaO₂ in scaling from prototype to a pilot plant with a planned capacity of 250 tons of CO₂ per year by 2025. “This investment is a recognition of our team’s dedication,” said CEO Ruben Brands, “and it’s a crucial step towards our mission of removing one gigaton of CO₂ by 2045.” SeaO₂’s partnerships with organizations like XPRIZE...

12Apr

By Africa BusinessNo Comments

Kenya News, Startups

Kenyan retail-tech startup Tanda secures funding for regional expansion from HAVAÍC

Kenyan agency banking startup Tanda is expanding its operations regionally after securing funding from early-stage African tech investor HAVAÍC, Zedcrest Capital, DFS Lab, Victor Asemota and three other investors. Tanda has also secured key strategic partnerships with Mastercard and Interswitch which will further accelerate its growth. The company’s expansion comes on the back of successfully pioneering and proving the viability of the interoperable agent and merchant model in Kenya, a model that has only been validated in West Africa prior to Tanda. Commenting on HAVAÍC’s decision to invest in Tanda, Rob Heath, Partner at HAVAÍC says, “Tanda is solving one part of the very deep and complex problem of financial inclusion that is not only Kenyan, but a problem across all emerging and undev...

29Jan

By Africa BusinessNo Comments

Startups

Workshop 17 Wins Global Startup Award – Competition expands across Africa

On the 27th of January 2021, the winners of the 2019 season of the Global Startup Awards (GSA) were announced at the Global Grand Finale Day. Bringing home an Award to Africa was Workshop17, which scooped Best Coworking Space in the world’s largest independent startup ecosystem competition. On outshining the other finalists from around the world, Paul Keursten, Co-Founder and CEO of Workshop17 says: “We are thrilled to be a winner of such an established, global competition. It is a recognition for our vision to be a platform for entrepreneurship and innovation, and a tribute to the whole South African ecosystem of start-ups and innovator.” Western Cape Premier, Alan Winde shares: "I am very proud of Workshop17's win in the Global Startup Awards. Over the past year, we have seen tradition...

Development Trend of African Startups and Fintech

3Dec

By Shahina ParvinNo Comments

Fintech, Kenya News, South Africa News, Startups

Development Trend of African Startups and Fintech

Africa is a land of opportunity long neglected. It is unique and the diversity in cultures may make it difficult for something new to be accepted in society. However, the scenario has changed and African markets have started to gain attention from the past couple of years. Therefore, we can see the rise of African startups as regions progress with time accepting change. Consequently, poverty is going down and the African society promises a safe future and a solid education system for generations to come. Amidst this progress, the number of fintech companies in South Africa is emerging at a rather very fast pace. As the country is starting to embrace digital payment and banking systems instead of the traditional banking system, it has become easy for African tech startups to grab a hold of ...

The Gender Equity Track: Searching for 500 African Female-Led Startups

15Nov

By SeedstarsNo Comments

Startups

The Gender Equity Track: Searching for 500 African Female-Led Startups

About the Gender Equity Track Every year since 2013, Seedstars runs its renowned Seedstars World Competition, gathering the most promising startups from over 90 emerging markets for the ultimate prize of up to USD 500,000 in equity investment. The objective of the Gender Equity Track is to drive gender-inclusive training opportunities and catalyse more investment for female founders in Sub-Saharan Africa. The Gender Equity Track consists of the following key components: 1) Gender Lens Training 2) Gender Lens Investment and 3) Gender-Balanced Representation. The Gender Equity Track was piloted after a 2018 analysis showed that from the 5’000 applications the Seedstars World competition received the previous year in 2017, only 14% were female-led businesses, and only 3% of women applica...

24Apr

By Africa BusinessNo Comments

South Africa News, Startups, Tech

88mph startups meet with investors

Cape Town, South Africa – 88mph, a seed investor and accelerator operating in Nairobi, Cape Town and Lagos, is hosting this year’s Cape Town Investor Day at Crossley & Webb’s vintage car showroom. In February, seven startups received investment from 88mph and have been hard at work over the past 10 weeks. Besides the investment, the accelerator assists startups by providing access to networks, feedback on products, business models, marketing and pushes the startups to experiment in the market with solutions they build. The startups will use Investor Day to communicate with High Net worth Individuals and Venture Capitalists what their businesses do, and are looking for investors that understand and can add value while taking their businesses to the next level. Kresten Buch, a Danish web...