Sweden-based e-mobility startup Opibus raises USD 7.5 million in the latest equity round
Sweden-based Opibus is a Swedish-Kenyan technology company that designs, manufactures, and distributes electric vehicles, raised USD 7.5 million on 2nd November. Investors: Funding led by Silicon Valley fund, At One Ventures, along with Factor Ventures and Ambo Ventures managed by former Google and Uber executives. In total, USD 7.5 million has been raised from closed fundraising, including USD5 million in...
Israel based DevSecOps Startup Oxeye emerges from Stealth with USD 5.3 million in Seed round
Oxeye, a technology innovator in cloud-native application security testing, has raised USD 5.3 million in a seed funding round led by MoreVC on 2 November 2021. Investors: MoreVC, a seed-stage venture capital fund in Israel, led the latest funding round with participation from i3 Equity Partners and other cybersecurity-focused investors as the startup prepares to protect the world's most popular...
Egypt based dark store grocery delivery startup Appetito raises USD 2 million in Pre-Series A round
Appetito, a Cairo-based Online Grocery Delivery startup, has raised USD 2 million in a Pre-Series A round led by Jedar Capital on 3 November 2021. Investors: Jedar Capital, a US-based early-stage VC focusing on MENA and Emerging Asia, led the latest round of funding with participation from Golden Palm investments, DFS Lab and a group of prominent angel investors and...
Kenya-based e-mobility startup BasiGo raises USD 1 million in pre-seed funding
Kenya-based BasiGo, an e-mobility startup that provides clean energy alternatives for public transportation, raised USD 1 million on 2nd November. Investors: BasiGo has several investors backing it, including Climate Capital, a Silicon Valley venture capital firm, and Third Derivative, an accelerator for climate-related technologies. Purpose of funding: The company has developed a financing model to accommodate the high acquisition costs of...
Top 10 Fintech Startups in UAE
Fintech companies are making the financial system a whole lot easier and faster. According to Investment Monitor, the global fintech market is projected to hit a market value of USD 305 billion by 2025, growing at a CAGR of 20% over the next four years. Key reasons behind the rapid growth of the fintech market are convenience, sustainability, bringing...
US-based cybersecurity startup Wabbi secures US$ 2M in Seed funding
Wabbi, a Boston-based security platform allowing corporations to absorb application security processes into development pipelines to scale and develop application security across businesses, has raised US$ 2 million in a Seed funding round led by Mendoza Ventures on 2 November 2021. Investors: The latest funding round featured Mendoza Ventures as the lead investor and involved participation from Cisco Investments. Purpose of the...
US computer software startup Magnify raises USD 6 million in seed funding
US-based Magnify, a platform for automation and arrangement of post-sales activities, raised USD 6 million on 1st November 2021. Investors: Madrona Venture Group and Decibel Partners led the funding. There was participation from Bill Richter, CEO of Qumulo; Christal Bemont, CEO of Talend; Elissa Fink, former Tableau CMO; Jon Gelsey, former Xnor and Auth0 CEO; and Will Arora, CTO of...
Pakistan-based e-commerce startup Zarya raises US$ 1.7M in pre-Seed funding
Zarya, a Lahore-based e-commerce startup operating as a reseller platform, has raised US$ 1.7 million in a pre-Seed funding round led by Raed Ventures on 1 November 2021. Investors: The latest investment round featured Raed Ventures as the lead investor with participation from Taager, Global Founders Capital, Fatima Gobi Ventures and Class 5 Global. Purpose of the funding: The startup seeks to deploy...
Philippines fintech Mynt raised USD 300 million in the latest private equity round
Philippines-based Mynt, a fintech startup that provides access to a range of advanced financial digital solutions, raised USD 300 million on 2nd November. Investors: Warburg Pincus led the investment round along with Insight Partners, as well as Bow Wave Capital, which is one of Mynt's existing investors. In addition to Globe and Ayala, Itai Tsiddon and Amplo Ventures participated in...
US computer software startup Apollo.io raises USD 32 million in series B round
US-based Apollo.io, a platform that enables sales representatives to expand their networks and opportunities, raised USD 32 million on 1st November. Investors: Tribe Capital led the round along with NewView Capital and Nexus Venture Partners, totaling USD 41.3 million for the startup. Purpose of funding: Through the new funding, the company will expand its product development teams, engineering teams, and marketing...
