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Acasia Ventures invests in Nigerian delivery startup
This is Acasia’s second investment this month
Edtech platform Almentor raises USD 10 mn in pre-series C round. PLUS: Acasia Ventures invests in Credable.
The money will be used to launch in Saudi Arabia and build out its B2C segment
Flat6Labs launches USD 95 mn Africa-wide seed fund
The fund will onboard two cohorts of 10-15 startups annually
Local startups are starting to get their deposits from SVB
Scores of Egyptian startups have money tied up with the bank
What really happened at SVB?
This is the second largest bank failure in US history
Silicon Valley Bank collapse leaves dozens of local startups in the lurch
SVB clients are scrambling to find cash to meet payroll and other expenses.
Crypto platform Rain throws in with MoneyHash on payments. Plus: STV is fundraising and Raya’s accelerator inks pact with GIZ
MoneyHash’s API will allow Rain to add payment service providers and payment methods across the Middle East and Africa.
EAEF wants to invest up to USD 50 mn in Egypt this year
EAEF looking to reinvest Auf Group sale proceeds in our food, healthcare + agriculture sectors: The Egyptian-American Enterprise Fund (EAEF)…
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