egypt

Egyptian edtech Orcas lands $500k from Algebra Ventures, NFX Capital

Egyptian startup Orcas has raised $500 000 in a pre-Series A funding round led by Egyptian venture capital (VC) fund Algebra Ventures, with participation from…

How founder of Egypt’s Xpay bagged $250k after meeting angels at social event

The founder of startup XPay — which was reported last week to have raised $250 000 from two angel investors — says he closed the…

UK’s StatsBomb acquires Egyptian football data analytics startup ArqamFC

Egyptian football data analytics startup ArqamFC has been acquired by British competitor StatsBomb. This, according to an article published earlier this week by tech publication Menabytes. ArqamFC…

World Bank to invest $50m to help scale Egyptian early-stage investment network

The World Bank, as part of a $200-million project that aims to support small businesses and job creation for women and youth in Egypt, will…

Up to $175k in total prize money up for grabs in 2019 Bell Labs Prize

Three innovators from around the world stand to win a share of $175 000 in the 2019 Bell Labs Prize. The competition is aimed at proposals that “change the game” in the ICT sector by a factor of 10.

Egyptian gaming community GBarena lands seed funding from Cairo investor

Egyptian esports and gaming community GBarena has raised seed funding from Cairo-based investor HIMangel, the startup has revealed. The startup made the announcement in…

African tech startups raised over $1.2bn in funding in 2018 – Partech report

A report by French venture capital (VC) firm Partech Africa has found that 146 African tech startups raised $1.163-billion in equity funding last year…

Cairo-based GoodsMart announces second investment from Algebra Ventures

Cairo-based household shopping app GoodsMart today announced that it has secured its second investment from Egyptian venture capital (VC) firm Algebra Ventures. The deal…

Egyptian healthtech Vezeeta does it again with $1-million raise from the IFC [Updated]

Egyptian healthtech startup Vezeeta has raised a new, $1-million investment from the International Finance Corporation (IFC), a member of World Bank Group — less than…

Egyptian ride-hailing app Halan raises ‘multi-million’ dollar Series-A round

Egyptian startup Halan — Egypt and Sudan’s first motorcycle and tuktuk ride-hailing app — has announced that it landed an undisclosed Series A funding round from round co-led…

Entrepreneurship platform RiseUp to launch Egypt Startup Manifesto

Cairo-based entrepreneurship platform RiseUp will tomorrow (4 December) launch the Egypt Startup Manifesto, which aims to outline solutions to the challenges faced by Egyptian entrepreneurs. The launch takes…

Egyptian startup HitchHiker secures $200k round from Dubai-based angels

Cairo-based peer-to-peer international shipping startup HitchHiker has announced that it has secured $200 000 in a round of funding led by Dubai based angel…

SA startups Pineapple, Preeva win place in Google’s Launchpad Accelerator Africa

SA startups Pineapple and Preeva will join nine other companies in Lagos soon, with the announcement today by Google of the second class of Launchpad Accelerator Africa. Pineapple last…

Egyptian fintechs score with sandbox after AUC Venture Lab, Temenos deal

Fintech startups in Egypt will be able to test their new products and services in a sandbox, following an announcement today that university accelerator AUC…

DEMO Ventures reveals five countries its new $100m fund for startups will target

Egypt, Ghana, Kenya, Nigeria and South Africa. These are the five countries that a new $100-million fund — to be launched in October by DEMO Ventures…

Ahead of the Arabian derby, meet Nafham the biggest edtech platform in MENA

Egypt takes on Saudi Arabia later on this afternoon (4pm Central African Time) in a dead rubber that is being dubbed as the Arabian…

Ahead of the Pharoahs’ Group A match, meet Egyptian healthtech Vezeeta

This afternoon at 2pm, Egypt kicks off Africa’s campaign at the 2018 Fifa World Cup with its Group A match against Uruguay. With Mo Salah…

This is how Ventureburn will celebrate African tech startups this World Cup

The 2018 Fifa World Cup kicks off today. This year’s tournament stands out from previous editions as for the first time video assistant referees will use…

On-demand home nursing service 7kemma wins Seedstars Cairo

7kemma, an on-demand home nursing service, has won Seedstar’s first African pitch event at Seedstars Cairo ahead of five other startups. The pitch event was…

Egyptian startup La Reina raises $1m from Algebra Ventures, 500 Startups

Egyptian startup La Reina — an online platform for rental couture — has closed a $1-million deal in a Series A funding round led by Egypt’s largest venture…

Google expands intake for new Launchpad Accelerator cohort to 10 African nations

Google’s Launchpad Accelerator has opened applications for its next cohort — and has added seven more African countries to the three countries it initially targeted when it…

Egyptian wins $100 000 Innovation Prize for Africa with smart magnetic bearings

Egyptian Aly El-Shafei was last night awarded the Innovation Prize for Africa‘s grand prize of $100 000 for his innovative magnetic bearings which help increase energy generation….

Egyptian startup Mintrics scores investment from Dubai-based fund

Egyptian social video analytics tool Mintrics announced today that it had received an investment of an undisclosed amount from Dubai’s venture capital seed fund Numu Capital….

WhatsApp will take legal action against spammers, starting December

Showmax rolls out new sports streaming feature to all customers

New AfDB fund to help grow electronic financial services for low-income communities

Top startup events in South Africa, Africa you should know about this week [14/6/2019]

Six Nigerian fintech startups to keep an eye on

Google’s new Game Builder lets you make 3D games on Steam

Huawei users are getting Booking.com ads on their lock screens

The 5 games that totally won E3 2019, according to social media data

Audi’s new cars in Germany will count you down, pace you to green lights

Two Ford Focus trim levels also found to have lock issues

South Africa’s govt ministers really love German cars and big Toyotas report reveals