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Tag: Startup

Seedstars Africa raises $30m to fund African startups
News Tech

Seedstars Africa raises $30m to fund African startups

The European Investment Bank’s subsidiary, EIB Global, has committed $30 million in finance to Seedstars Africa Ventures. Following a $8 million investment, French private equity firm LBO France, the fund’s anchor investor, has made a fresh commitment. With a goal of raising between $80 million and $100 million, the fund will help seed and Series […]

Health startup mPharma lays off 150 workers
News Tech

Health startup mPharma lays off 150 workers

A Ghanaian health startup, mPharma, which supply of prescription drugs for pharmacies and their suppliers, has let go some of its employees. “We took the difficult decision to right-size the team,” Gregory Rockson, the company’s CEO, told TechCabal. The layoffs are in light of the current macroeconomic conditions driven by the devaluation of the naira.” […]

Israeli startup Vesttoo names Ami Barlev as interim CEO
Startups

Israeli startup Vesttoo names Ami Barlev as interim CEO

Israeli fintech company, Vesttoo, has announced the appointment of Ami Barlev as interim CEO, stepping in for Yaniv Bertele, who led the firm during a false collateral scandal. Barlev brings a wealth of experience from senior roles in various Israeli and Nasdaq-listed companies, startups, and tech-focused fields such as AI, communications, aviation, and real estate. […]

Kenya logistics startup Sendy shuts down, sells assets
featured News Tech

Kenya logistics startup Sendy shuts down, sells assets

Sendy, a Kenyan logistics start-up that, among other things, allowed merchants to buy FMCGs directly from producers, is closing down operations and considering selling its assets. Sendy co-founder Meshack Alloys acknowledged the sale to TechCrunch without providing any other information, stating: “We are in the middle of an acquisition process. So yes, Sendy is being […]

Kenyan startup FarmWorks secures $4m pre-series A funding
Startups

Kenyan startup FarmWorks secures $4m pre-series A funding

Fast-rising agritech startup in Kenya, FarmWorks, has successfully closed a remarkable $4 million Pre-Series A funding round to bolster its operations and make a significant impact in the agricultural sector. The startup takes a unique approach by connecting farmers with essential farm inputs, including pesticides, and also purchasing their crops, following the out-grower model widely […]