Tag: Partech
Video e-learning platform for MENA, Almentor, closes $6.5M Series B led by Partech
There are more than 400 million Arabic speakers globally and that number isn’t slowing down anytime soon. Arabic, to most people, is a tough language even to those who speak it. According to Duolingo, someone fluent in Egyptian Arabic might not fully understand Yemeni Arabic speakers because of the vast…
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After its first $54M fund, Algebra Ventures launches $90M fund for startups in Egypt
The venture capital scene in the North African tech ecosystem will be absolutely buzzing right now with the announcement of two large VC funds in the space of two days. Today, Algebra Ventures, an Egyptian VC firm, announced that it has launched its $90 million second fund. Four years ago,…
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Digitail, an app for vets and their customers, raises $2.5M Seed round led by byFounders
Digitail, a cloud service for veterinary surgeries and customers, has raised $2.5M in a Seed round led by byFounders and Gradient Ventures (Google’s AI fund), joined by Partech and a series of angels including as Dr. Ivan Zakharenkov (Smartflow). The startup was already backed (pre-seed round in 2019) by Fast…
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How African startups raised investments in 2020
The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. To understand how much growth has occurred, African startups raised a meagre $400 million in 2015 compared to the $2 billion that came into the…
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Novastar Ventures becomes $200M African VC fund after $108M raise
African startups have another $100 million in VC to pitch for after Novastar Ventures’ latest raise. The Nairobi and Lagos based investment group announced it has closed $108 million in new commitments to launch its Africa Fund II, which brings Novastar’s total capital to $200 million. With the additional resources,…
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Nigeria’s Helium Health raises $10M Series A for Africa expansion
Nigerian startup Helium Health sits in a good position during a difficult period, according to its co-founder. The Lagos based healthtech venture is in the black, has batted away acquisition offers, and just raised a $10 million Series A round, CEO Adegoke Olubusi told TechCrunch. The startup offers a product…
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