Startups
Fonbnk Raises $3.5-Million in Seed Funding to Aid Underbanked Across Africa
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SA Company Wins $50-Million in Africa’s “Largest-Ever” Crypto Raise
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New Microsoft Initiative to Support 10,000 African Start-Ups Over the Next 5 Years
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SA Fintech Clickatell Wins $91-Million in its Latest Round of Funding
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This Nigerian Fintech Unicorn is Taking Egypt by Storm
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SA Startup Bringing “Tap to Pay” to Africa’s Informal Sector Raises Millions
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Egypt: Thndr – raises $20 million to democratize investing
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Blockchain startups grow as global VC funding generated $25.2B in 2021
Last year was impressive for blockchain startups, as research from CB Insights found that venture capital funding reached new heights during every quarter of 2021. According to CB Insights’ “State Of Blockchain 2021” report, $25.2 billion worth of venture capital funding went to global blockchain startups last year, demonstrating a 713% increase from $3.1 billion in 2020. The report also found that the United States led the greatest amount of funding deals in Q4 of last year, generating $6.26 billion for 157 deals. The document notes that global growth was driven by increasing consumer and institutional demand for crypto-related products and services. VC funding focused on crypto adoption Chris Bendtsen, a senior analyst at CB Insights, told Cointelegraph that CB Insights’ report con...
African tech startup funding passes $2bn mark
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The Sandbox announces $50M fund for its startup accelerator program
Virtual world project The Sandbox announced its metaverse accelerator program that will push the development of the open metaverse by investing $50 million in startups. The Animoca Brands subsidiary is partnering with the venture accelerator firm Brinc to target 30 to 40 blockchain startups a year for the program. The Sandbox Metaverse Accelerator Program will allocate up to $250,000 in investment to each potential project and will give additional incentives to top-performing projects. The bonuses include The Sandbox (SAND) digital asset and LAND, digital real estate within The Sandbox’s metaverse. Apart from this, the best-performing startups will also have access to additional investment grants and high-profile mentors. According to The Sandbox Co-Founder Sebastien Borget, the program is...
Ventures Platform Secures First Close of US$40mn Fund
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West & Central African App Platform Gozem Raises $5-Million in Series A Round
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