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Local HR tech startup bluworks closes USD 1 mn pre-seed round
The startup plans to use the funds to develop its services and expand its team
Are the Magnificent Seven now the Fab Four?
PLUS: Venture capital is still out of fashion with institutions + worries about sustainability of US debt
Edtech startup Sprints secures USD 3 mn in a bridge round
The company will use the funds to double down on its plan to expand into ten new markets
Two USD investments in medical startups including first by nation’s only female angel investment network
InCurA will use the funds to develop new products and finalize clinical trials for products that have already been developed
EdVentures founder Dalia Ibrahim on what we can expect from the local edtech sector this year
There is huge potential in Egypt as the cost of doing business here is comparatively reasonable, Ibrahim tells us
Partech closes USD 300 mn Africa-focused fund
The fund will invest in African tech startups with initial tickets of USD 1 mn-USD 15 mn in African startups
Africa was not immune to last year’s tech VC winter
Francophone countries, however, posted strong growth in value and volume of investments
Why is there an Egyptian edtech startup expansion to the Gulf?
Egypt serves as a unique testing ground from which startups can more easily expand regionally, Baims CSO Hossam Taher thinks
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