Tag: Rocket Internet
4 keys to international expansion
Levin Bunz Contributor Levin joined Heartcore Capital in 2019 from Global Founders Capital, the billion-dollar VC arm of Rocket Internet, where he was responsible for investments in Canva, Heyjobs, Instarem, Anyfin and others. During my five years with Global Founders Capital, Rocket Internet’s $1 billion VC arm, I saw more…
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DHL acquires stake in Link Commerce developed by MallforAfrica
DHL has acquired a minority stake in Link Commerce, a turn-key e-commerce company that grew out of MallforAfrica.com — a Nigerian digital-retail startup. Link Commerce offers a white-label solution for doing digital-sales in emerging markets. Retailers can plug into the company’s e-commerce platform to create a web-based storefront that manages…
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Cathay Innovation’s first investment in Germany is healthcare startup Medwing
Medwing, a German startup with an ambition to tackle Europe’s shortage of healthcare workers, said on Tuesday that it has secured €28 million ($30 million) in a Series B financing round. Global venture capital firm Cathay Innovation led the round, marking its first investment in a German company. Other participating…
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TikTok parent ByteDance leads $6M round in financial AI startup Lingxi
TikTok’s parent company ByteDance has added Lingxi, a Beijing-based startup that applies machine intelligence to financial services such as debt collection and insurance sales, to its ever-expanding portfolio of investments. The AI startup has raised a $6.2 million Series A round co-led by ByteDance and Rocket Internet, the German accelerator…
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African fintech firm Flutterwave launches SME e-commerce portal
San Francisco and Lagos-based fintech startup Flutterwave has launched Flutterwave Store, a portal for African merchants to create digital shops to sell online. The product is less Amazon and more eBay — with no inventory or warehouse requirements. Flutterwave insists the move doesn’t represent any shift away from its core payments business.…
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Goldman backed ventures Jumia and Twiga partner on produce in Kenya
Pan-African e-commerce company Jumia and B2B agtech startup Twiga Foods are partnering to deliver produce in Kenya using adaptive measures during COVID-19. In 2019, Jumia became the first VC funded tech company in Africa to list on a major exchange, the NYSE. Based in Nairobi, Twiga raised a $30 million…
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