Rwanda Finance Limited (RFL) and the East Africa Venture Capital Association (EAVCA) have formed a new partnership to enable private investment in Africa through their respective mandates.
Deals in the food tech space have been picking up lately, with Scandinavian food tech startups like Curb, which was founded by Delivery Hero's former executive Carl Tengberg, and Danish food platform Superb, being the latest in a string of recent growth equity investments in this space.
ARQIS has advised Munich-based AI startup OCELL on its seed financing round. With software for digital forestry, OCELL helps forest managers to achieve more efficiency and sustainability.
Hiber AB, the platform that enables people to create interactive 3D experiences such as games, no coding skills required, has taken USD15 million in Series A funding, led by EQT Ventures. This brings Hiber’s total funding taken to date to almost USD20 million, giving the company the capital it needs to further accelerate the growth of its social entertainment network, Hiber. New investor CMT Digital also participated in the round, along with existing investors Luminar Ventures, Bumble Ventures, Konvoy Ventures, and SYBO.
Innovate Finance, an industry body representing UK FinTech, has appointed Yvonne Bajela as its newest board member.
Rest Less, a digital platform for the over 50s, has raised GBP6.1 million (USD8.5 million) to further expand its services for its members. The funding round was led by venture capital firms MTech Capital and Viola FinTech with further participation from existing investors, QED Investors and Octopus Ventures. Viola FinTech Founder, Daniel Tsiddon, and MTech Capital Co-Founder, Kevin McLoughlin will join the board of directors.
Nauta Capital, a pan-European venture capital firm investing in capital-efficient B2B software companies, has launched a new initiative to support pre-seed deeptech European startups.
Novalis Biotech, an early-stage venture capital investor in technologies aimed at revolutionising healthcare, has closed its EUR25 million second fund, the Novalis Biotech Acceleration Fund.
Ladi Greenstreet and Daisy Onubogu have taken over the leadership of Diversity VC, as CEO and COO respectively.
Thymia has raised a GBP780k/USD1.1 million in a pre-seed round to scale its platform to assess for and monitor depression.