Saduwa, Africa’s first Afrocentric Social Network built by a Nigerian StartUp is set to launch today. The Saduwa App enhances interactions by catering to specific location-based needs of users. It also employs augmented reality to redefine user experience with Snapchat-like filters that are 100% African. Some of the filters include masks, African sculptures and slangs…. Read More »
In less than a month, Samsung is expected to announce its new flagship smartphones – Galaxy S8 and S8+ which will replace the S7. The two will be unveiled on March 29 during the MCW 2017 and released on April 21. The Galaxy S8 and Galaxy S8+. Each device is expected to sport a 5.8-inch… Read More »
Edtech startup Nearpod has closed $21 million in its, Series B funding round bringing the total to 30.2 million of funds raised to date. The round was led by Insight Venture Partners, Reach Capital, GSV Acceleration, Krillion Ventures and AGP Miami. This latest round of funding will support the demand from teachers seeking VR and… Read More »
Facebook has unveiled new tools which will make use of artificial intelligence to identify members that may be at risk of killing themselves and help prevent the suicides. While the site already has self-harm prevention features, they rely on users to spot and report friends’ problematic posts. Now, the company is testing AI tech that… Read More »
Women have already reached greater heights in today’s age no one in the past can imagine they will. These are small strides that were accomplished over the years up until they have cemented their place in the society. From business to politics, women have taken on a role that only men were given in the… Read More »
AdmitHub, an edtech startup which builds conversational artificial intelligence (AI) to guide students on the path to and through college, has raised $2.95 million in seed funding. The funding round was co-led by Relay Ventures and Reach Capital, with participation from University Ventures and others. The new funding will be used by AdmitHub to grow… Read More »
Peer-to-peer (P2P) lending platform Funding Circle has raised £82 million ($100 million) in an equity funding round led by Accel, with participation from existing investors, including Union Square Ventures, Baillie Gifford, Index Ventures, DST Global, Ribbit Capital, Rocket Internet, Sands Capital Ventures, and Temasek. Founded out of the U.K. in 2010, Funding Circle connects small firms seeking capital… Read More »
Barcelona-based social advertising company Adsmurai has received €4 million in a second round of funding led by venture capital firm Axon Partners Group, with participation from Banc Sabadell, through its program BStartup10, and Enisa, a Spanish government-funded financing group. Launched in 2014 by Marc Elena, Otto Wüst and Juan Antonio Robles, Adsmurai specializes in generating… Read More »
In an effort to increase exposure of African startups to global investors and resources, Africa Startup Ecosystem announced the launch of the first digital accelerator for the region. The accelerator program begins with a full startup development boot camp covering ideation, product development, marketing, customer acquisition and funding. The boot camp is followed by workshop… Read More »
The Tony Elumelu Foundation (TEF) has announced the opening of application to support young businesses in Africa with $5,000 seed capital as part of its third cycle entrepreneurship programme. The programme is currently accepting application from African entrepreneurs with business ideas that has the potential of transforming the fortunes of Africa. Tony O. Elumelu, the Founder… Read More »
