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In today's edition of #TechCabalDaily: Capiter raises $33m ; Instagram’s adverse effects on young adults; Releaf is breathing life into Nigeria’s food processing industry; The UK government partners with the Nigeria Startup Bill; and, Events: DSN's AI Startup Summit
In the first half of 2021, VC investment in Egypt grew by 29 per cent year-on-year, accounting for 91 per cent of total capital deployed in 2020, accord...
Explain your job to a five-year-old I help people do a bunch of everyday activities (like moving around their cities) more effectively using technology. What’s the first career you dreamed of having as a kid? I remember dreaming about being a physicist early on. I was really captivated by cosmology and the universe growing up, and in many ways, I still am. What's something you wish you knew earlier in career/life? Be the river, not the boat. What's the best advice you've ever received in your career? Always be learning — and if you're no longer learning, do something else. Take time to ap...
Egypt’s Flextock closes $3.25M in the largest pre-seed yet in MENA Flextock, one of the 10 African startups from the recent Y Combinator winter batch, has bagged an impressive pre-seed round just two months after graduation. The five-month-old company, which helps consumers and businesses manage e-commerce and fulfillment operations — from warehousing and logistics to delivery and cash collection — has closed a $3.25 million pre-seed investment. As it stands, this is a record high for the MENA region, which also had a record-high two months ago in fellow Egyptian and YC winter batch...
Flextock raises $3.25 million pre-Seed round Egypt-based e-commerce logistics marketplace Flextock, has raised a $3.25 million pre-Seed funding round from regional investors including Egypt-based Foundation Ventures, Saudi Arabia-based Jameel Investment Management Company, UAE-based Access Bridge Ventures, along with undisclosed angel investors in the GCC. Global investors in this round include China-based MSA Capital, South Africa-based CRE Venture Capital, US-based Alter Global, YC Combinator, logistics firm Flexport, and B&Y Venture Partners. This is in addition to a personal investment ...