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After its first $54M fund, Algebra Ventures launches $90M fund for startups in Egypt

After its first $54M fund, Algebra Ventures launches $90M fund for startups in Egypt

by admin | Apr 6, 2021 | News

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...
India’s CRED valued at $2.2 billion in new $215 million fundraise

India’s CRED valued at $2.2 billion in new $215 million fundraise

by admin | Apr 6, 2021 | News

Two-year-old CRED has become the youngest Indian startup to be valued at $2 billion or higher. Bangalore-based CRED said on Tuesday it has raised $215 million in a new funding round — a Series D — that valued the Indian startup at $2.2 billion (post-money), up from...
Brighton-based MPB snaps up $69M to build out its used camera equipment marketplace

Brighton-based MPB snaps up $69M to build out its used camera equipment marketplace

by admin | Apr 6, 2021 | News

Used-goods marketplaces, an online staple since the beginning of the internet as we know it, have really come into their own during the Covid-19 pandemic: they’ve been a place for people clearing out their domestic spaces to list items that they have that are still in...
Bob W, the ‘tech-driven’ hospitality provider, raises €10M in seed funding

Bob W, the ‘tech-driven’ hospitality provider, raises €10M in seed funding

by admin | Apr 6, 2021 | News

Bob W, the self-described “tech-driven” hospitality provider that offers an alternative to traditional hotels and short-stay rentals, is disclosing €10 million in seed funding. Leading the round, which included a first tranche of €4 million last year, is byFounders VC...
Charles raises €6.4M seed to bring ‘conversational commerce’ to WhatsApp

Charles raises €6.4M seed to bring ‘conversational commerce’ to WhatsApp

by admin | Apr 6, 2021 | News

Charles, a Berlin-based startup that offers a “conversational-commerce” SaaS for businesses that want to sell on WhatsApp and other chat apps, has raised €6.4 million in funding. Led by Accel and HV Capital, the seed funding will be used by the company to scale and...
Egyptian VC firm Sawari Ventures finally closes $71M fund for North African startups

Egyptian VC firm Sawari Ventures finally closes $71M fund for North African startups

by admin | Apr 6, 2021 | News

Egyptian-based VC firm Sawari Ventures has closed its $71 million fund for North Africa’s rapidly growing startup ecosystem. The firm first announced its fund in 2018, when it closed an initial $35 million (which subsequently increased to $41 million) in hopes to...
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