- Week 40, 2022
- Read time: 5 minutes
Governments across Africa seem to be on a quest to trample on citizens’ digital rights. In Uganda, the Computer Misuse Bill becomes law, while Nigerians risk becoming collateral damage in the government’s ongoing suit against Meta. Read on to find out more about this and other stories from TechCabal this week.
Pamela Tetteh Editor, TechCabal.
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Who brought the money this week?
- Egyptian fintech Telda, raised $20 million in seed funding from GFC, Sequoia capital and Block with the objective to revolutionize finance for the MENAP Region.
- Flapkap, a MENA-based company that offers revenue-focused financing to e-commerce brands, received $3.6 million in seed funding. QED led the round, and other investors included Nclude, A15, and Outliers.
- Nigeria-based data and intelligence company Stears, raised $3.3 million in seed funding.
- Nigeria’s Lifestores healthcare, a pharmaceutical venture, raised $3.3 million in pre-series A funding led by Health54.
- Egyptian beauty services company, Glamera raised $1.3 million in a seed funding round led by Riyadh Angels Investors (RAI).
- Egyptian tech-enabled marketplace iSUPPLY, raised $1.5 million in a pre-seed round led by Disrupt Techventures and other undisclosed investors.
- Prop source, a South African proptech company raised an undisclosed amount of funding to expand its residential product offering.
- Vezeeta, an Egyptian healthtech company, raised an undisclosed amount of funding from existing investors such as Golf Capital and VNV Global.
Guess the Driver
What else to read this weekend?
- Can the world’s biggest tech show help the Maghreb tech ecosystem break even?
- The Next Wave: A digital economy is, above all, physical.
- Google partners with Coinbase to accept crypto payments.
- Digital Nomads: Taking a €30,000 pay cut to work in Germany.
- Google is playing the long game with its Africa-focused initiatives.
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