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Tag: Startup

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Africa’s startup funding rebounds after two-year slump

Africa’s startup ecosystem recorded a significant recovery in 2025, bringing an end to a two-year downturn in funding as venture capital inflows rebounded strongly. According to BusinessDay, the resurgence was driven by improved company fundamentals, greater macroeconomic stability in major African markets, and the increasing influence of Africa-based investors leading larger and more resilient funding […]

Cloudflare accuses AI startup Perplexity of bypassing web scraping restrictions
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Cloudflare accuses AI startup Perplexity of bypassing web scraping restrictions

AI startup Perplexity is under fire for allegedly scraping content from websites that explicitly barred such activity, according to new research from internet infrastructure giant Cloudflare. In a blog post published Monday, Cloudflare accused Perplexity of deliberately circumventing safeguards designed to block unauthorized data scraping. The company claimed Perplexity disguised its crawler’s identity and bypassed […]

Court blocks 54gene asset sale amid legal battle
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Court blocks 54gene asset sale amid legal battle

A Federal High Court in Lagos has issued an injunction halting the sale of defunct biotech 54gene’s assets, marking a dramatic twist in the legal saga engulfing one of Africa’s most celebrated biotech startups. The injunction prevents the dissolution of 54gene and blocks a planned sale that included a genomic biobank containing data from 100,000 […]

M-KOPA sued over alleged discrimination against African staff
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M-KOPA sued over alleged discrimination against African staff

One of Africa’s leading fintech firms, M-KOPA, is at the centre of a legal storm following allegations that it sidelined African employees while favouring foreign investors and expatriate staff in its equity structure. The lawsuit, filed in Kenya by long-serving employee Elizabeth Njoki, accuses the UK-headquartered company of systematically excluding local staff from meaningful ownership, […]

Startup Cluely raises $15m for interviews, exams AI tools expansion
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Startup Cluely raises $15m for interviews, exams AI tools expansion

Cluely, a startup that openly markets its AI-powered tools as a way to “cheat” during job interviews, exams, and sales calls, has secured $15 million in Series A funding. The round was led by Silicon Valley giant Andreessen Horowitz, the company announced on Friday via a video posted on X (formerly Twitter). While the company […]

The parent company of Nigerian logistics startup Kwik has been declared bankrupt by a court in Amsterdam, following a lawsuit filed by a former employee.
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Kwik parent company declared bankrupt in Amsterdam

The parent company of Nigerian logistics startup Kwik has been declared bankrupt by a court in Amsterdam, following a lawsuit filed by a former employee. Despite the bankruptcy ruling, Kwik’s CEO, Romain Poirot-Lellig, maintains that the company remains solvent and operational. Unlike Gokada’s high-profile Chapter 11 bankruptcy in the United States—a legal process designed to […]

Vendease CFO Mohamed Chaudry steps down amid major restructuring
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Vendease CFO Mohamed Chaudry steps down amid major restructuring

Chief Financial Officer and co-Chief Operating Officer at Vendease, the Y Combinator-backed food procurement startup serving restaurants across Africa, Mohamed Chaudry, has stepped down. His resignation comes after a period of intense restructuring within the company. Over the past few months, Vendease has undergone significant changes, including two rounds of layoffs that affected 180 employees, […]

Police arraign suspect over Bumpa co-founder Teejay Opayele's death
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Police arraign suspect over Bumpa co-founder Teejay Opayele’s death

The Lagos State Police Command has confirmed the arraignment of Abiola Odutayo in connection with the death of Adetunji Opayele, co-founder of Bumpa, popularly known as Teejay. Opayele, 32, lost his life in a tragic road accident on March 4, 2025, an incident that has sparked widespread public concern. According to a statement released on […]

Over 20,000 sign petition seeking justice for Bumpa co-founder
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Over 20,000 sign petition seeking justice for Bumpa co-founder

A petition demanding justice for Adetunji ‘TeeJay’ Opayele, Co-founder and Chief Technical Officer of Nigerian retail automation startup Bumpa, has garnered over 20,000 signatures on Change.org. The petition, addressed to the Lagos State Government, seeks a manslaughter charge against the driver allegedly responsible for his death. According to Techpoint Africa, Opayele died on March 5, […]

Norwegian startup begins home trials for humanoid robot
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Norwegian startup begins home trials for humanoid robot

Norwegian robotics startup 1X is set to launch early trials of its humanoid robot, Neo Gamma, in several hundred to a few thousand homes by the end of 2025, CEO Bernt Børnich confirmed. “Neo Gamma is going into homes this year,” Børnich stated in an interview at Nvidia GTC 2025. “We want early adopters to […]

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Bumpa Co-Founder Adetunji Opayele passes away

Nigerian e-commerce startup Bumpa has announced the passing of its co-founder and Chief Technology Officer, Adetunji Opayele. Fondly known as “TeeJay,” Opayele reportedly lost his life in a car accident. Opayele co-founded Bumpa alongside Kelvin Umechukwu in 2021 with the goal of helping small and medium-sized businesses across Africa streamline their operations. The platform enables […]

Founders Factory Africa rebrands as 54 Collective vc firm
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Founders Factory Africa rebrands as 54 Collective vc firm

After four years of accelerating startups across the continent, Founders Factory Africa has rebranded as 54 Collective, a sector-agnostic venture capital firm with a $40 million fund dedicated to investing in early-stage African ventures. “Today, we are a VC firm with a $40 million fund. In addition, we have $107 million backing our venture success […]

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