Startup – Page 5 – Hakuna Matata Media

Morocco’s Colis.ma Raises $300K to Expand Across Africa

2 years ago2 years ago04 mins

Colis.ma, a Moroccan cross-border logistics startup, has successfully secured $300,000 in pre-seed funding from Witamax, a private-backed venture capital firm. This financial backing will empower Colis.ma to solidify its presence across Morocco’s five largest regions and expand its operations into six European countries, with plans to further penetrate the West African market. The startup is also eyeing a subsequent fundraising round slated for early 2026, aimed at capturing additional market share within the logistics sector.

Sawari Ventures Launches $200M Fund to Support African’s Startups

2 years ago2 years ago04 mins

Sawari Ventures, an Egypt-based venture capital firm, is gearing up to launch its second fund, “Sawari Ventures II,” in early 2025, with a target of raising $200 million. This new initiative aims to build on the successes of the firm’s first fund while expanding into new sectors and regions across Africa. With the growing demand for investment in technology and innovation, Sawari Ventures II is poised to make a significant impact on the startup ecosystem in the region.

Kenya Tops Africa in Startup Fundraising Achievements

2 years ago2 years ago03 mins

Kenya has solidified its position as the leading African country in startup funding, raising an impressive $437 million (Sh56.5 billion), which accounts for 31% of the total funds raised on the continent in 2024. This remarkable growth underscores the strong confidence that global investors have in Kenya’s strategic location, fast internet speeds, and favorable business policies.

Mastercard Start Path Adds 10 New Fintech Startups

2 years ago2 years ago05 mins

Mastercard has unveiled its latest cohort of startups joining the Start Path Emerging Fintech program, showcasing a lineup of 10 cutting-edge companies that are set to make waves in the digital economy. This carefully selected group includes AWorld, Bankingly, FootprintLab, HowGood, Inovat, Lasso Security, Reewild, UrbanFox, Uvicuo, and Vaayu—each bringing a unique approach to solving modern challenges in areas such as sustainability, cybersecurity, digital transformation, and travel. By supporting these innovators, Mastercard aims to drive progress and create a more sustainable, secure, and interconnected world.

Endeavor SA Raises R190m to Boost African Startups

2 years ago2 years ago04 mins

Endeavor South Africa has successfully raised R190 million in the first funding round of its ambitious R500 million Harvest Fund III, aimed at investing in African tech startups and companies. This initial close not only exceeded the target of R150 million but also reinforces Endeavor’s commitment to nurturing high-potential tech enterprises across the continent, underscoring the growing confidence in Africa’s vibrant tech landscape.

Thanks Carbon Plans Expansion in African Markets

2 years ago2 years ago03 mins

Thanks Carbon, a South Korean climate-tech start-up, is making a significant move into Africa’s carbon market with its innovative Haimdall solution. This technology is designed to target government institutions, large-scale agribusinesses, and individual farmers, offering a new avenue for earning profits through carbon credits.

Latitude59, Estonian Startup Event, Returns to Kenya

2 years ago2 years ago03 mins

Latitude59, the premier startup and technology event in the Baltic States, is making its return to Kenya. Scheduled for November 28th, 2024, in Nairobi, this marks the second edition of Latitude59 in the city, following a successful event held last December.

Kenya’s Startup Bio-Logical Secures $1.3M for Expansion

2 years ago2 years ago03 mins

Bio-Logical, a Kenyan climate startup, has secured $1.3 million in funding to expand its Mount Kenya biochar facility, boosting production capacity and supporting smallholder farmers across the country. The funding round was led by CrossBoundary, Redshaw Advisors, and existing investors like the Steyn Group, marking a significant step towards scaling up operations.