INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 16
Here are the venture funding activities we tracked in the Middle East and African region this week – including Pula, Fortis, Cynomi, Miggo Security, RAAAM, and Spatialedge.
- Pula gets $20 million Series B fund to reach more farmers
- UAE’s Fortis closes $20 million Series A to bolster Mena expansion
- Cynomi Raises $20M in Funding
- Miggo Security Raises $7.5M in Seed Funding
- RAAAM Memory Technologies Closes $4M Seed Funding
- AI-driven Spatialedge secures $3 million to scale in South Africa
Pula gets $20 million Series B fund to reach more farmers
- Pula, a Kenya-based Agritech startup, has raised $20 million in Series B funding, with BlueOrchard, IFC's $225 million venture capital platform amongst others leading the funding round.
- Founded in 2015 by Rose Goslinga and Thomas Njeru, the company designs and delivers innovative agri-insurance and digital products to help smallholder farmers endure climate risks and improve their farming practices to bolster their incomes over time.
- With this funding, Pula plans to make insurance available to 100 million smallholder farmers fulfilling its "triple 100 vision.”
