Stockholm-based venture capital firm Creandum has closed its sixth early-stage fund, valued at 448 million euros (almost $500 million), that it will use to help tech company founders across Europe build their businesses, according to a Tuesday (March 1) report on EU-startups. “The early stage...
African FinTech startup M-KOPA raised $75 million in a growth equity round to expand its financial services platform for the underbanked into additional countries beyond its current operations across Kenya, Uganda, Nigeria and Ghana. The fresh capital will also be used to help M-KOPA grow...
A lack of seed investments continues to prove a challenge in Africa’s venture capital space, despite increasing signs of improvement in recent years. In 2019 and 2020, only 7% of all capital went into seed companies, a figure which grew a year later to about...
Open B2B finance platform Upswing Financial Technologies has raised $4 million from global fund QED Investors. As Entrepreneur reported Monday (Feb. 28), the company will use the funding to develop plug-and-play platforms for open finance and to help FinTechs and consumer tech players offer financial...
Indian B2B marketplace IndiaMART will invest $1.8 million in Realbooks, a cloud-based accounting software platform, a move that gives it a 26.01% stake in the company. Based in Kolkata, India, Realbooks lets business create customized invoices, attach files to vouchers, and manage their inventory, while...
J.P. Morgan Chase is the latest investor in blockchain intelligence company TRM Labs, according to a Monday (Feb. 28) press release. The amount of the investment was not disclosed. The investment will help the San Francisco company fund its cryptocurrency compliance and risk management technology,...
Cairo, Egypt-based logistics provider Milezmore has raised $5 million in pre-seed financing, the company announced Monday (Feb. 28). The capital will allow the firm to enhance technology, expand storage, enlarge delivery capacity and scale cloud solutions, the company said. It is also intended to address...
Online grocer Weee has raised $425 million in late-stage funding amid ongoing demand for food and grocery delivery, according to a Monday (Feb. 28) press release. The funding round — led by SoftBank Vision Fund 2 — brings the startup’s total capital raised to $800...
Funds continue to pour in for online grocery, with providers that differentiate meaningfully from competitors in the crowded space especially standing out. On Monday (Feb. 28), for instance, online grocer Weee, which specializes in delivery of groceries from a range of ethnicities, announced that it...
