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MarketForce raises USD40m in Series A

MarketForce (MarketForce360.com), a Nairobi-headquartered B2B platform for retail distribution of consumer goods and digital financial services in Africa, has closed a USD40 million Series A round led by V8 Capital Partners. The raise, the largest Series A round of its kind in East and Central Africa, comes seven months after

Urbanmetry raises USD2m pre-Series A

Urbanmetry, an AI-driven city and property data company, has closed a pre-Series A round of USD2 million led by Monk’s Hill Ventures. The funding will be used for developing its intelligent data products and platforms to serve end consumers in the property and mortgage markets; and for building out its

Trident Energy secures investment from Quantum Energy Partners

Trident Energy and Warburg Pincus have closed a new investment in Trident Energy by Quantum Energy Partners (Quantum). Under the terms of the transaction, Quantum is now a significant investor in Trident and has committed to participate in a USD400 million Line of Equity (LOE) alongside Warburg Pincus and Trident’s

Solvay invests in 9T Labs

Solvay Ventures, the venture capital fund of Solvay, is investing in the Zurich-based startup 9T Labs to bring additive manufacturing of carbon-fibre-reinforced plastic (CFRP) parts to mass production. 9T Labs’ hybrid manufacturing technology enables complex, high-performance structural parts to be produced in carbon fibre-reinforced thermoplastic composites in volumes up to

Nordstjernan acquires Finnish diagnostics company Aidian

Nordstjernan is to acquire the Finnish in-vitro diagnostics company Aidian from funds that are managed by the Nordic private equity firm Axcel. Aidian is a global player in the growing market for point-of-care diagnostics. The company develops, manufactures and sells instruments and tests that are used in such fields as

Agronomics acquires stake in Geltor via secondary transaction

Agronomics, a listed company focused on cellular agriculture, has acquired 1,069,593 Preferred Stock in a secondary transaction in Geltor, a company focused on producing designer proteins for use in the cosmetic industry, from an existing shareholder, for total consideration of USD9,499,525. This represents an equity stake in Geltor, on a

AutoVantage raise EUR150,000 through Rōnin at EUR2M valuation

AutoVantage, a Romanian platform where new car buyers can compare offers from car dealers all over the country and choose the best one for their needs, is the newest startup soon to be listed on Rōnin. The company is raising EUR150,000 through Rōnin, at a EUR2,000,000 valuation. Rōnin is an

Blend Network secures GBP10 million in funding round led by VC investor Nico Paraskevas

Market-disruptive property lender Blend Network (Blend) has secured GBP10 million in funding in its latest investment round, which was led by emerging VC investor Nico Paraskevas, a former senior executive at Glencore. The funding round was capped at this level following an oversubscription.  Existing investors, who also participated in this

Due diligence platform Umazi closes pre-seed USD1m investment

Umazi, a due diligence platform automating enterprise identity verification, has secured a USD1 million investment from Innovate UK and other angel investors, as it announces a spate of high-profile partnerships with Artesian:DueDil and ComplyAdvantage to simplify their due diligence systems. The USD1 million pre-seed investment which involved angel investors across

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