In April, startups across the African continent raised $413,143,000 across 38 fully-disclosed deals. That means – for this year – April was ranked the lowest in terms of funding announcements made, 41% ($296 million) less than what was announced in March, and 34% ($216 million) less than February’s announcement. Per sector, the top three sectors are energy-tech, fintech, and logistics. Energy leads with $289,800,000 (70.1%); fintech with $53,500,000 (12.9%); and logistics with $34,000,000 (8.2%). But so much more has been happening in the African tech space, and we’ve compiled it all here: Bitcoin
Isabel Aznarez, Ph.D is the Co-Founder of Stoke Therapeutics, a science-based company that develops new and precise ways to treat the underlying cause of severe genetic diseases by precisely upregulating protein expression. They can develop a treatment for diseases affecting the central nervous systems, eye, liver, and kidney through protein upregulation. Aznarez, who holds a Ph.D. in medical and molecular genetics from the University of Toronto and a B.Sc. in biology and human genetics from the University of Uruguay, launched the firm back in 2014 with Professor Adrian Krainer, Ph. D. She is one
BYJU’S, the world’s leading education technology company, has just announced 2021 Scripps National Spelling Bee Champion Zaila Avant-garde as its first US youth ambassador. At the age of 15, Zaila’s constant pursuit of learning has made her the first Black American winner of the Bee and a three-time Guinness World Record holder: including one for the most bounce juggles in one minute with four basketballs. Even with all of these accomplishments under her belt, Zaila remains steadfastly committed to exploring new interests and the world around her. She is currently a
Nigeria’s Autochek has announced its acquisition of KIFAL Auto, a Moroccan automotive technology startup, to drive its expansion into North Africa. This announcement comes months after it acquired the Ugandan and Kenyan operations of Cheki, an online car marketplace. Autochek looks to bring Africa’s sales and servicing of cars online. It also aims to build the financial infrastructure to drive the penetration of auto financing across Africa. In October last year, the firm raised $13.1 million in a seed round and is backed by several investors, including pan-African VC firms TLcom Capital, 4DX Ventures,
In 2020, there was an outpouring of support for the Black community from the games industry, ranging from donations, and statements in support of the Black Lives Matter (BLM) movement, to promotions of inclusion programs. And while some firms have undoubtedly taken these lessons on board to build a better workplace going forward, the discourse has quietly moved on; for some companies, the BLM movement was only performative. One of the most extensive studies of racial representation in games was a 2009 study that analyzed 150 of the most popular titles. Black characters comprised 10.7%
The gaming industry is set to reach $222 billion thanks in part to Gen Z consumers who are the biggest and most monetizable audience, according to a new report published by Data.ai. There are more than 2.7 billion gamers worldwide, and with a young demographic it’s scale and appeal is attracting luxury brands like Balenciaga, who became the first luxury brand to partner with Fortnite on four virtual outfits, or “skins”, alongside accessories, weaponry and a virtual Balenciaga destination in-game. And in November, luxury fashion brand Moncler followed with in-game
Major beauty retailers are boosting small, minority-owned businesses in a bid to support Black women entrepreneurs. As of last year, 17% of Black women in the U.S. were in the process of starting or running new businesses, according to the Harvard Business Review. That outpaces the 15% of white men and the 10% of white women who reported the same. But only 3% of Black women reported running ‘mature’ businesses. And when it comes to the traditional workforce unemployment rate, it remains high among Black women, at 5.5% in March, compared with
Grammy award-winning artist, Miguel, has just been announced as the newest Global Creative Director for T3MP0, a digital studio that creates web3 communities for A-List talent and brands. He is reportedly the first musical artist of “his stature” to be involved in creating a web3 studio from the ground up, according to the company’s press release. As T3MP0’s creative director, Miguel will extend his extensive collaboration history into partnering with the world’s biggest talent and brands in the web3 space. “We are very excited to support Miguel’s creative vision for the
Investment and advisory firm Pendulum, which funds and consults with businesses founded by people of color and has high-profile clients, including former President Barack Obama, is getting a new infusion of capital from Merchant bank BDT & Co. BDT specializes in providing advice and long-term capital through its affiliated funds to help the family- and founder-led businesses pursue their strategic and financial objectives. Husband and wife duo Robbie and D’Rita Robinson serve as chief executive and chief operating officer of the firm, which is reported to be staffed by people
South African educational technology (edtech) startup FoondaMate has secured $2 million seed funding in a round led by LocalGlobe, a UK-based venture capital firm, to drive uptake of its WhatsApp and Facebook-based learning chatbot across the globe. How does it work? Foondamate helps students with their revision by giving them immediate answers to questions and access to revision papers, while also guiding them in responses to questions. It aims to level the playing field in education by empowering the 345 million+ students who currently have limited access to internet-enabled education
