SolarWorks announced that it raised €2 million in venture funding while VC4A also announced the list of 8 startups that will be pitching for Series A funding at its upcoming Summit in Cape Town. That and more in today's brief.
Here are the eight startups that will pitch for Series-A funding at VC4A summit
African startup funding platform VC4A has selected eight startups that it will showcase at next month’s Africa Early Stage Investor Summit in Cape Town. The selected are; Agrocenta, Fibre Lifestyle, Gebeya, GoMetro, Invoiceworx, Nawa-Scientific, Piggybank, and Shezlong. Full story on Ventureburn.
Egypt’s The Next 100 African Startups initiative to invest in Innovative Africa-Based Start-Ups
The Next 100 African Start-ups initiative, organized jointly by IFC and MIIC, will select up to 100 promising entrepreneurs based in Africa and connect them with business leaders, international investors, financial institutions, and policymakers at the Africa 2018 Forum in December in Sharm El-Sheikh, held under the patronage of Egypt’s President Abdel Fattah Al Sisi. The initiative is part of IFC’s broader efforts to boost entrepreneurship in the Middle East and Africa by helping start-ups access much-needed financing, receive advice, and break into new markets. Full story on TechMoran.
These 6 African companies are on TIME’s 50 Most Genius List
Last week, TIME magazine released its list of the 50 most genius companies in 2018 which featured six companies in Africa. The list, according to TIME, features the businesses that are ‘inventing the future’ with notable names like SpaceX. Airbnb, WeWork and more. The African companies are; Bitland, BRCK, Ona, Agriprotein, Babymigo, and Wonderbag. Full story on Digest Africa.
SolarWorks raised €2M, looking to boost international expansion
SolarWorks – a pay-as-you-go (PAYG) company with operations in Mozambique – announced it had raised €2 million. The venture round was led by EDP Renovaveis SA with participation from Persistent Energy Partners. Full story on Digest Africa.
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