INFOGRAPHIC: Startup Funding in Africa and the Middle East — Week 16

David Adubiina -
  • 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.”