IFC

World Bank’s IFC backs Indian insurtech startup Onsurity in $24M funding

Onsurity, an Indian startup that offers monthly subscription-based insurance solutions to micro, small and medium enterprises, startups and growing businesses, has raised $24 million in a funding roun

Google-backed Indian audio platform Kuku FM raises $25 million

Google-backed audio content platform Kuku FM has raised $25 million in a new funding round as it looks to make deeper inroads with its audiobook offerings in the South Asian market. Indian billionaire

IFC leads $5M extension round in Ivorian SaaS e-commerce platform ANKA

ANKA, an Ivorian SaaS e-commerce platform for African businesses, has raised $5 million. The pre-Series A extension round is a mix of equity and debt; last January, ANKA, formerly Afrikrea, raised $6.

IFC leads $17M investment in South African insurtech Naked

Naked Insurance, a South African insurtech company that helps consumers to insure their cars, homes and valuables, has raised $17 million in Series B funding led by the International Finance Corporati

IFC launches $225M platform to back early-stage startups in Africa, Central Asia, Middle East

The International Finance Corporation (IFC) has today launched a $225 million venture capital platform to back early-stage startups in Africa, Middle East, Central Asia and Pakistan. The IFC, a member

IFC and other impact investors return to backing Ukraine startups, with new $250M fund aimed at founders under the gun

Funding sources for tech startups in Ukraine have gone off a cliff this year, with investors (and their LPs) wary of taking on the risk of backing potentially promising ideas and people who have staye

Seedstars launches second fund to invest in 100 startups in emerging markets

Since its launch nine years ago, Seedstars has invested in 81 companies in over 30 emerging markets. Now it’s set a goal of investing in 100 more startups with the launch of its second emerging mark

IFC set to invest $26M in Partech’s Africa Fund II

The International Finance Corporation (IFC), the private sector arm of the World Bank, plans to make an equity investment of up to €25 million ($26.43) into the Partech Africa Fund II (PAF II) by th

PayMaya owner Voyager Innovation raises $167M from KKR, Tencent and IFC, to launch digital bank in the Philippines

Voyager Innovations, the Manila-based owner of PayMaya, one of the Philippines’ most popular payment and financial services apps, announced today it has raised $167 million in new funding to launch

TLcom Capital closes $71M Africa fund with plans to back 12 startups

VC firm TLcom Capital has closed its Tide Africa Fund at $71 million with plans to make up to 12 startup investments over the next 18 months. The group —  with offices in London, Lagos, and Nairobi

From seed to Series A: Scaling a startup in Latin America today

It’s not easy to raise growth-stage capital in Latin America, but it’s getting easier. As startups begin to flourish in the region’s largest markets, available funding is evolving to suit the ne

Moglix raises $23M to digitize India’s manufacturing supply chain

We hear a lot about India’s e-commerce battle between Walmart, which bought Flipkart for $17 billion, and Amazon. But over in the B2B space, Moglix — an e-commerce service for buying manuf

BlackBuck closes $70M to digitize freight and logistics across India

BlackBuck, a startup that is digitizing logistics and cross-country freighting in India, has closed out a $70 million Series C round.

World Bank’s IFC investment firm invests $2M in Southeast Asian fund SeedPlus

SeedPlus, the early stage investment firm launched by Singapore-based VC firm Jungle Ventures last year, has snagged a strategic investment from IFC, the investment and asset management firm within t

Rocket Internet Fashion Ecommerce Startups, Lamoda & Dafiti, Get €25M From World Bank Group’s IFC

Rocket Internet has secured new funding for two of its fashion-focused ecommerce startups, with a €10M investment for Lamoda, which operates predominantly in Russia and Kazakhstan, and €15M in e

Mobile Data Optimization Company Altobridge Raises Further $7.8M Led By Intel Capital

County Kerry, Ireland-headquartered <a target="_blank" href="http://www.altobridge.com">Altobridge</a>, a company that develops and deploys technology for mobile networks to help them cut the cost of

IFC Comes To iTMS

The Independent Film Channel is bringing some of its content to the iTunes Music Store, IFC Entertainment announced today. The deal will bring 13 films to iTunes, six of which are nominated for an Ind