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Pastel, a Nigerian bookkeeping and digital platform for merchants, raises $5.5M led by TLcom

There’s no end to digitizing the operations of small and medium businesses (SMBs) in the traditional retail sector across sub-Saharan Africa. In Nigeria alone, this industry, worth more than $200 billion, consists of over 40 million businesses of varying sizes, according to reports. Traditional retail in the country comprises small kiosks and open-air markets selling […]

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Egyptian B2B e-commerce platform Cartona raises $12M to scale and explore new verticals

Startups that solve the supply-chain and operational challenges of players in the fast-moving consumer goods (FMCG) industry — by helping buyers access products from sellers on a single platform — keep attracting venture capital from investors. Cartona, one of the major players digitizing the traditional trade market, including mom-and-pop stores, FMCG producers, wholesalers and distributors […]

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Canvas Medical, ‘the Tesla of EMRs,’ raises a $24 million Series B round

When Andrew Hines started Canvas Medical in 2015 he couldn’t have predicted that telehealth would go from niche to norm or that a pandemic would inspire entrepreneurs to launch a new fleet of digital health startups that needed fresh infrastructure. He just knew he wanted to build software for physicians like his wife, who wasted […]

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Incident.io looks to beef up its Slack-based incident response platform with $28.7M in fresh cash

It’s Incident.io co-founder and CEO Stephen Whitworth’s assertion that there’s fragmentation in the market for software incident management solutions. Customer success tools don’t communicate with engineering tools, he argues, while engineering tools don’t play well with governance, risk and compliance platforms — resulting in few decision-makers seeing the impact of failure in one place. There […]

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Travel platform Holibob raises £10m investment

Ryan Howsam, the founder and CEO of travel insurance business Staysure and a prior investor in the travel platform Holibob, led the $12 million (£10.1 million) Series A funding round. A business-to-business marketplace called Holibob, which was originally established in Scotland but is now situated in London, employs artificial intelligence (AI) to locate activities for […]

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Cyber insurance startup Coalition plots global expansion as valuation hits $5B

Coalition, a San Francisco-based startup that combines cyber insurance and proactive cybersecurity tools, is preparing to expand outside of the U.S. for the first time following a mega $250 million Series F investment that takes its valuation to $5 billion. The investment, backed by Allianz X, Valor Equity Partners and Kinetic Partners, comes less than […]

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McEasy is digitizing Indonesia’s logistics, transportation and supply chain industries

In Indonesia, many logistics providers still use old-fashioned systems to track their operations and fleets, including pen-and-paper ledgers. McEasy wants to change that. The startup, which develops software-as-a-service solutions for the logistics and supply chain industry, has raised $6.5 million in Series A funding led by East Ventures. The startup was founded in 2017 by […]

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Onomondo secures cash to expand its wireless network for IoT devices

Onomondo, a startup offering a dedicated wireless network for internet of things (IoT) devices, today announced that it raised $21 million in a funding round led by Verdane with participation from Maersk Growth, People Ventures and The Danish Growth Fund. In an email, CEO Michael Karlsen told TechCrunch that the new cash will be put […]

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UK’s Oxford Quantum Circuits snaps up $47M for quantum-computing-as-a-service

Quantum computing has been making quantum leaps of progress in the last several years — going from theoretical concept to multiple testing environments, to help organizations prep for a time when quantum computers, and their unparalleled processing power, become a scaled reality. Now, UK-based Oxford Quantum Circuits is announcing £38 million ($47 million) in funding […]

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