22 C
Lagos, South Africa and New York
Thursday, September 24, 2020
Home PRIVATE EQUITY FUND NEWS

PRIVATE EQUITY FUND NEWS

Nigeria’s mobility startup MAX.ng raises $7m to scale moto-taxi transportation in Africa

LAGOS, June 20th, 2019 — MAX.ng, the pioneering Nigerian mobility startup, announced today that it has raised $7 million from an elite group of strategic and financial investors from the US, Europe, Asia and Africa. The investor group includes Novastar Ventures, a Nairobi and Lagos-based VC firm,...

Egypt’s Swvl raises $42m investment, targets Nigerian expansion

Cairo-based transportation startup Swvl is expanding to Nigeria after it's raised $42 million from investors, the startup told news wires after initially announcing the role of Country General Manager for Nigeria last week. Swvl will be launching in Lagos by mid-July with 50 buses...

Nigerian Ride-Hailing Startup Raises $5.3M For Motorcycle Unit

On-demand motorcyle ride-hailing startup Gokada has announced that it has raised a $5.3-million Series-A round led by San Francisco-based Rise Capital. The Lagos-based startup said in a statement today that Adventure Capital, First MidWest Group, IC Global Partners, and several other unnamed local investors also...

Nigerian firm “Farmcrowdy” bags UNIDO award

The United Nations Industrial Development Organisation (UNIDO) has given Lagos-based Farmcrowdy Group the award for “Disruptive Innovation in Agribusiness Technology”. According to a statement made available to the News Agency of Nigeria (NAN) by the group on Thursday in Lagos, the award was given on...

Ghanaian award-winning start-up targets affordable medicine for every African

Nellie Peyton, Thomson Reuters Foundation DAKAR, April 10 - A Ghana-based start-up has received $1.5 million from Ebay billionaire Jeff Skoll to support its work in changing Africa’s pharmaceutical industry to make medicines more affordable. MPharma is one of five social businesses to receive awards...

Bounce News Nigeria nears Shutdown as Naspers Considers Exit

Naspers is planning another major exit from the Nigerian internet business circle. According to a few reports, the South African company is on the verge of pulling out of Bounce News Nigeria, the hugely popular news aggregator. The move could collapse all Bounce News...

Nigerian medtech startup MDaaS Global raises over $1m in equity funding

MDaaS Global, a Lagos-based medtech startup that builds and operates diagnostic centres in Nigeria, has raised just over $1-million in equity funding, reveals a US Securities and Exchange Commission filling made yesterday (1 April). The filling states that up to 12 investors were involved in...

Nigeria’s largest classifieds listing platform acquires OLX Africa Operations

Nigeria’s largest classifieds listing platform, Jiji has reached an agreement to acquire five OLX operations in Africa. According to a press release, Naspers-backed OLX has agreed to sell its operations in Nigeria, Kenya, Ghana, Tanzania, and Uganda to Nigeria’s Jiji. All traffic to local OLX...

Nigeria’s “proptech” boom driven by rising mobile phone use

Didi Akinyelure LAGOS, April 2 (Reuters) - Nigerians searching for their dream home to buy or rent are turning to the internet in droves, leading to a surge in the number of property-focused technology firms. The emergence of these “proptech” companies is due to the country’s...

Nigerian waste management startup attracts N81.4 Million funding

Wecyclers, a Lagos-Based waste recycling company, has won the 2019 King Baudouin African Development Prize worth €200,000 (N104 million) for its development work in Africa. ALSO READ: Atiku’s endorsement, presidency will unite Nigeria – Timi Frank Nigeria’s Wecyclers wins €200,000 Prize in waste management...
WP to LinkedIn Auto Publish Powered By : XYZScripts.com
Open chat
Send us your story