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Convoy raises $400 million to expand its on-demand trucking platform

Convoy raises 0 million to expand its on-demand trucking platform Convoy, the digital freight network that connects truckers with shippers, has raised $400 million in a Series D funding round as it aims to scale its business amid an increasingly competitive market. The funding round brings Convoy’s post-money valuation to $2.75 billion. […]

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What is Andela, the Africa tech talent accelerator?

What is Andela, the Africa tech talent accelerator? As someone who covers Africa’s tech scene, I’m frequently asked about Andela . That’s not surprising, given the venture gets more global press (arguably) than any startup in Africa. I’ve found many Silicon Valley investors have heard of Andela but aren’t exactly sure what […]

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Remitly raises $220M to expand from money transfers to financial services, now at ~$1B valuation

Remitly raises 0M to expand from money transfers to financial services, now at ~B valuation When it comes to financial services in emerging markets, remittances — people sending money to each other across international borders, often not to established bank accounts — continues to be one of the biggest, with the World […]

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Generation closes $1B growth fund targeting sustainable startups

Generation closes B growth fund targeting sustainable startups Generation Investment Management, the firm co-founded by environmentalist and former Vice President Al Gore, was built on the premise of backing sustainable startups. Now, as the idea of sustainability starts to gain wider traction, the firm is doubling down on the concept. Today, Generation […]

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Africa Roundup: Zimbabwe’s net blackout, Partech’s $143M fund, Andela’s $100M raise, Flutterwave’s pivot

Africa Roundup: Zimbabwe’s net blackout, Partech’s 3M fund, Andela’s 0M raise, Flutterwave’s pivot Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Partech is doubling the size of its African venture fund to $143 million […]

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Sophia Genetics bags $77M Series E, with 850+ hospitals signed up to its “data-driven medicine”

Sophia Genetics bags M Series E, with 850+ hospitals signed up to its “data-driven medicine” Another sizeable cash injection for big data biotech: Sophia Genetics has announced a $77M Series E funding round, bringing its total raised to $140M since the business was founded back in 2011. The company, which applies AI […]

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Toast launches a new handheld device and kitchen display system for restaurants

Toast launches a new handheld device and kitchen display system for restaurants Toast, the Boston-based technology developer for the restaurant industry, has launched a new handheld point-of-sale device and a kitchen display system to integrate the front and back of any restaurant. Using the devices any waiter can become an expert on […]

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Asana raises $75M Series D led by Al Gore’s Generation Investment Management

Asana raises M Series D led by Al Gore’s Generation Investment Management  Asana, the productivity and collaboration service, is getting a major infusion of cash after Generation Investment Management, a London-based firm backed by former U.S. Vice President Al Gore, led a $75 million investment. Investment Management was joined in this Series D […]

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