Startups articles


Andela Closes $10 Million “Series A” Funding Round Led By Spark Capital

Andela Closes $10 Million “Series A” Funding Round Led By Spark Capital

Andela, an Africa-focused technology talent accelerator that trains software developers and matches them with global employers, has closed a Series A funding round, believed to be over $10 million, according to a TechCrunch report. The latest funding round, led by Spark Capital, the $2 billion fund headquartered in Boston that counts Twitter, Oculus, and Tumblr


This Infographic Tells All You Need To Know About South Africa’s Startup Landscape

Recently, South African-based tech site, Ventureburn partnered with First National Bank (FNB), investment advisory firm, Clifftop Colony and analytics company, Qurio in a Startup Survey that polled about 200 tech startups, in order to learn insights about South Africa’s startup industry. By tech startup, they mean a company with annual revenues below R20-million, and staff numbers


Meet The 4 Startups That Pitched At iDEA’s First Demo Day in Lagos

Last Saturday, four startups pitched in front of venture capitalists, angel investors and the media at iDEA’s very first Demo Day held at its Yaba-based Lagos centre. The four startups — Afrobus, Hutbay, Nerve and Verge — had gone through iDEA’s 4-month accelerator programme consisting of 3 modules (Design, Build, Pitch), designed to help startups launch and


MTN Is Partnering With CNN To Grow SMEs Through #AfricaView Initiative

[Sponsored Content] – Sponsored content featured on, usually in the form of an article, photo or video-related content offers our audience the opportunity to learn more about a product, service, industry, trend or topic. While our advertising relationships do not impact on our editorial coverage on the site, the goal is to align brands


iDEA Is Hosting Its First Demo Day This Weekend

Government-backed, not-for-profit organisation, iDEA which has been supporting the development of indigenous skills and capabilities in software development since 2013, is hosting its first Demo Day. iDEA’s Demo Day, scheduled to hold on June 20 at its Lagos center in Yaba, Lagos is strictly by invitation and will mark the graduation of its in-house businesses


Ghana’s Cloud-Based Freight Tracking Startup, Vestracker Moves To Europe

Vestracker, a cloud-based software that allows freight forwarders to easily track consignments has launched offices in Uppsula, Sweden and Accra, Ghana. “These offices allow Vestracker to be closely aligned with the major shipping centers of the world,” says Osam Sarsah, the company’s co-founder and CEO. The MEST-backed startup provides freight forwarders with unique features to

Nigeria’s Online Hotel Booking Service Raises $1.2 Million

Nigeria’s online hotel booking service,, has raised $1.2 million from the Omidyar Network, the investment vehicle of eBay founder Pierre Omidyar, and EchoVC Pan-Africa Fund, a seed-stage technology fund, reports Forbes. The funds, according to the company, would be used to invest further in its technology capacity and in pursuing expansion into Ghana and


Startup Week Is Coming To Lagos This July

Startup Week, a 5-day event that brings entrepreneurs, local leaders, and friends together to build momentum and opportunity around the technology community’s unique entrepreneurial culture and identity is coming to Lagos in July. The event, which consists of keynote sessions, meetups, panel discussions, workshops, pitches as well as several networking opportunities would provide the knowledge,


Kenya’s FinTech Startup, Weza Tele Acquired By AFB For $1.7 Million

Kenyan financial technology startup, Weza Tele has been acquired by financial services group AFB for US$1.7 million, reports Disrupt Africa. In a statement on the company’s website, chief executive officer, Hilda Moraa said: “Weza Tele Ltd is pleased to announce that we are now part of AFB, a pioneering organization providing credit access to customers