morocco

Al Mada Ventures, the $110M fund for Africans by Africans

Al Mada Holding Group is one of Africa’s largest private investment funds. The Casablanca-headquartered private holding operates in different fields, such as banking, telecommunications, renewable e

Morocco’s food tech Terraa raises $1.5M led by FoodLabs

Terraa, a Moroccan B2B tech-enabled food distribution platform, has raised $1.5 million pre-seed funding in a round led by FoodLabs, a European early-stage VC investor and venture studio for food, sus

Tunisian edtech startup GOMYCODE raises $8M to expand across Africa and the Middle East

Yahya Bouhlel started coding in his early teens. Within this timeline, he interned at several companies in Palo Alto, California. Most of his work revolved around building apps and iPhone games. When

Egyptian q-commerce platform Appetito bags Lamma for over $10M

Appetito, the Egyptian platform that delivers groceries and household products to customers from 11 dark stores across three cities in the North African country, is acquiring Lamma, an identical start

Namibian B2B e-commerce retail platform JABU raises $15M led by Tiger Global

More venture capital keeps trooping into Africa’s B2B e-commerce retail, a space where startups are digitizing informal trade to get thousands of merchants to operate more efficiently. This time, it

Egypt’s Mylerz raises $9.6M for its e-commerce fulfillment service, eyes Africa-wide growth

Mylerz, a Cairo-based e-commerce fulfillment startup, plans to enter three new markets in North Africa and expand across Egypt over the next three months against the backdrop of the $9.6 million fundi

B2B e-commerce platform Chari is acquiring the credit line of Axa Assurance in Morocco for $22M

Moroccan B2B e-commerce and retail startup Chari has acquired Axa Credit, the credit branch of Axa Assurance Maroc, for $22 million, the company confirmed to TechCrunch today. The news comes off the b

Morocco’s Freterium grabs $4M to scale its freight trucking software across MENA

In Africa and the Middle East, most companies in the freight industry still use old-fashioned methods such as spreadsheets, phone calls and emails to manage their shipments. They are electronic yet ma

Morocco’s Chari valued at $100M in bridge round as it looks to pilot BNPL services

Moroccan B2B e-commerce and retail startup Chari confirmed to TechCrunch that it has secured a bridge round at a $100 million valuation. The bridge round welcomed new investors Khwarizmi Ventures, Air

YC-backed Namibian startup JABU gets $3.2M for its B2B e-commerce and retail play

Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 million financing round. The seed round, which was closed last year, welcomed investors such as

African tech took center stage in 2021

Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated

Taptap Send raises $65M to build cross-border remittances focused on the most underserved markets

Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part of how those living in developing countries, off t

Algeria’s Yassir picks up $30M to build a super app in North Africa

Yassir, an Algerian startup that provides on-demand services such as ride-hailing and last-mile delivery, has raised a $30 million Series A round. The investment came from a long list of VCs and angel

Uber tests shared rides in Africa as UberPool stays shut in US, Canada

Uber is testing Pool Chance, a feature that lets riders heading in the same direction share the cost of the journey, in Kenya, with plans to roll out the low-cost service to Ghana and Nigeria. TechCru

Chari, a Moroccan startup digitizing mom and pop stores, raises $5M at $70M valuation

If there’s a sector that has seen the biggest uptick in the number of startups and venture capital in emerging markets since the start of last year, it has to be the digitization of mom and pop

This tool tells you if NSO’s Pegasus spyware targeted your phone

Over the weekend, an international consortium of news outlets reported that several authoritarian governments — including Mexico, Morocco and the United Arab Emirates — used spyware developed by N

Egyptian VC firm Sawari Ventures finally closes $71M fund for North African startups

Egyptian-based VC firm Sawari Ventures has closed its $71 million fund for North Africa’s rapidly growing startup ecosystem. The firm first announced its fund in 2018, when it closed an initial

Explore the global markets of micromobility at TC Sessions: Mobility

While electric scooters first launched at scale in the U.S., they quickly made their way overseas. Now, there’s a bustling electric scooter market in Europe, China, Latin America and one that&#8

Nigeria’s Helium Health raises $10M Series A for Africa expansion

Nigerian startup Helium Health sits in a good position during a difficult period, according to its co-founder. The Lagos based healthtech venture is in the black, has batted away acquisition offers, a

Africa Roundup: Africa’s tech ecosystem responds to COVID-19

In March, the virus gripping the world — COVID-19 — started to spread in Africa. In short order, actors across the continent’s tech ecosystem began to step up to stem the spread. Early in Ma
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