Egyptian startup Capiter raises $33M to broaden B2B e-commerce platform across MENA

Egyptian startup Capiter raises $33M to broaden B2B e-commerce platform across MENA

Funding start-ups that help sellers and makers distribute items and merchants access them on a single platform keeps increasing throughout Africa. Today, Cairo-based B2B e-commerce start-up Capiter continues that trend by raising a$33 million Series A round. The investment was co-led by Quona Capital and MSA Capital. Other getting involved investors include Savola, Shorooq Partners, […]
For merchants, Capiter attends to three problems. Over 50,000 merchants and 1,000 sellers use Capiter. Capiter has actually attracted an international team that brings together competence from companies like Careem and Flipkart required to accomplish the business’s targets, stated Mahmoud. Capiter also prepares to diversify its monetary services offerings to include payments. Today, Cairo-based B2B e-commerce startup Capiter continues that pattern by raising a$33 million Series A round….

Interaction software start-up Channels handles occasion management with text workflow

Interaction software start-up Channels handles occasion management with text workflow

Three University of Michigan trainees are constructing Channels Inc., a communication software application customized for physical employees, and currently racking up some big customers in the event management industry. , 20, and Ibrahim Mohammed, 20, started the business after finding some common ground in retail and events. Tradition interaction platforms like Slack are aggregating interactions, however are better for remote employees; for physical employees, they rely more on text communication, he stated. They began developing a platform for little hotels to help them shift to digital and provide communication in a non-chronological order that is much easier to gain access to, enables discussion and can be browsed. Marriott became a client after one of its employees saw the Channels platform was being tested at an event. Sahra doesn’t generally invest in companies like Channels, however the company began a “seed sourcing effort” to make investments of between $200,000 and $800,000 into early-stage companies, Al-Barrak said….

Medal.tv, a video clipping service for gamers, gets in the livestreaming market with Rawa.tv acquisition

Medal.tv, a video clipping service for gamers, gets in the livestreaming market with Rawa.tv acquisition

Medal.tv, a short-form video clipping service and social media network for players, is getting in the livestreaming market with the acquisition of Rawa.tv, a Twitch rival based in Dubai, which had actually raised around $1 million to date. The seven-figure, all-cash offer will see two of Rawa’s founders, Raya Dadah and Phil Jammal, now joining Medal, and further […] “A lot of companies that target that market don’t actually comprehend the subtleties and attempt to reproduce existing Far-Eastern or western models that are doomed to stop working,” he said. Rawa, as the first livestreaming platform devoted to Arab gaming, had actually developed out its own proprietary live and network streaming innovation that’s now used in all its products. Going forward, Rawa will continue to run as a different platform, however it will end up being more firmly incorporated with Medal, the company says. The staying Rawa team will continue to run the livestreaming platform under co-founder Jammal’s leadership following the deal’s close, and the Rawa HQ will stay based in Dubai.

Egyptian ride-sharing company Swvl plans to go public in a $1.5 B SPAC merger

Egyptian ride-sharing company Swvl plans to go public in a $1.5 B SPAC merger

Queen’s Gambit Growth Capital, the women-led SPAC in charge of the offer, called Swvl ‘a disruptive platform that fixes complex obstacles and empowers underserved populations.’ After its Egypt launch, Swvl broadened to Kenya, Pakistan, Jordan and Saudi Arabia., Swvl has raised over $170 million. From an African viewpoint, Swvl features as one of the most venture-backed startups on the continent.

Breach simulation startup AttackIQ raises $44M to fuel growth

Breach simulation startup AttackIQ raises $44M to fuel growth

AttackIQ, a cybersecurity start-up that offers companies with breach and attack simulation services, has actually raised $44 million in Series C financing as it aims to ramp up its international expansion. The financing round was led by Atlantic Bridge, Saudi Aramco Energy Ventures (SAEV) and Gaingels, with existing suppliers– including Index Ventures, Khosla Ventures, Salesforce […] AttackIQ was founded in 2013 and is based out of San Diego, California. AttackIQ states this most current round of financing, which comes more than two years after its last, gets here at a “dynamic time” for the business. “AttackIQ has actually developed itself as a classification leader with a powerful business client base that includes 4 of the Fortune 20,” said Dillon.

Tiger Global leads $34M financial investment into Unit21, a no-code scams prevention platform

Tiger Global leads $34M financial investment into Unit21, a no-code scams prevention platform

Unit21, a start-up that assists businesses keep an eye on fraudulent activities with its no-code software, revealed today it has raised $34 million in a Series B round of funding led by Tiger Global Management. The round values San Francisco-based Unit21 at $300 million and comes 9 months after the startup raised a $13 million Series A that […] The company says it has monitored more than $100 billion in activity by means of its API and control panel since its 2018 creation. It also states that it has saved more than 20 million users over $100 million in fraud loss/suspicious activity.”Data is the most important weapon in the battle against fraud and cash laundering,” Kothari said. As of late June, Unit21 had 53 staff members, up from 12 at the exact same time last year. …]…

Egyptian furniture marketplace Homzmart lands $15M Series A for MENA expansion

Egyptian furniture marketplace Homzmart lands $15M Series A for MENA expansion

In a lot of parts of Africa and the Middle East, a consumer journey and experience in purchasing furnishings is not enjoyable. A common shopping procedure would involve watching out for the best price and quality and requesting for recommendations and inspecting offline stores, one after another. It is uncommon to find one-stop stores, specifically big offline […] Over the last 12 months, Homzmart declares to have grown 30x in sales. Homzmart’s very first year in business was all about understanding supply and demand.”Whatever we did in Egypt, we require to do throughout the area.

Egypt’s Flextock closes $3.25 M in the biggest pre-seed yet in MENA

Flextock, among the 10 African start-ups from the recent Y Combinator winter season batch, has actually bagged a remarkablepre-seed round simply two months after graduation. The five-month-old business, which helps businesses and consumers handle e-commerce andfulfillment operations — from warehousing and logistics to shipment and money collection — has closed a$3.25 million pre-seed […]
Flextock presently serves the Egyptian market. Flextock which offers e-commerce fulfillment appears to be one following the global freight company’s”tactical investment”in the Egyptian business. For Mazen Nadim, the handling partner at Foundation Ventures, Flextock’s e-commerce fulfillment and logistics play will be essential to realizing the regional dominance it yearns for. Flextock’s investment continues the series of seven-figure pre-seed rounds that have actually become more widespread in the African tech scene. No less than six startups(consisting of Flextock )have actually raised$1 million or more in this round in the past year….

Flextock is a YC-backed e-commerce satisfaction supplier for Africa and the Middle East

Flextock is a YC-backed e-commerce satisfaction supplier for Africa and the Middle East

When merchants introduce their e-commerce businesses,they can easily handle the end-to-end operations in the early stages. As they start to grow, handling their own operations, from warehousing and logistics to delivery and cash collection, can end up being challenging. This can avoid them from scaling successfully regardless of having a steady inflow of demand. Now, there’s a […]
As they begin to grow, handling their own operations, from warehousing and logistics to shipment and money collection, can end up being hard. Flextock makes cash on a per-order basis. According to the CEO, Flextock is the first end-to-end satisfaction service in Egypt. He assisted scale the company’s profits 5x in less than a year and was instrumental to its$ 8 million Series B round.”We are on an objective to enable more than 1 million merchants in Africa and the Middle East to offer online without carrying out the trouble of running their own operations….