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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. ” Badamosi, who returned to Nigeria from the UK in 2015, worked as the general manager for Starta Africa, an online community for African tech entrepreneurs.

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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

Joseph Rehmann founded Victory Farms in 2015. In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets. billion fish deficit.

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Surging homegrown talent and VC spark Italy’s tech renaissance

TechCrunch

As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade.

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Vyrill, winner of the TC Early Stage Pitch-Off, helps brands discover and leverage user-generated video reviews

TechCrunch

Vyrill helps brands discover and leverage video reviews created by authentic customers and users. The company presented its product at TechCrunch Early Stage: Marketing & Fundraising, where it beat out nine other companies, winning the pitch-off. Vyrill claims to have the solution. million pre-seed round in 2018.

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‘Knowledge-as-a-service’ platform Lynk announces collaboration with UBS

TechCrunch

Founded in 2015, Lynk has raised a total of $30 million in funding, including a $24 million round announced in January that was led by Brewer Lane Ventures and MassMutual Ventures, with participation from the Alibaba Entrepreneurs Fund. Lynk’s technology uses machine learning algorithms to match clients with experts in its database.

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Puls Technologies lands $15M to provide on-demand home repair service

TechCrunch

That’s where Puls Technologies come in. Puls raises $50 million for in-home technical support. The company initially got started in 2015 as a mobile phone repair service, and in 2020 underwent a management shift that pivoted the business model to memberships, Gabi Peles, Puls CEO, said via email. Puls Technologies app.

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How African startups raised investments in 2020

TechCrunch

To understand how much growth has occurred, African startups raised a meagre $400 million in 2015 compared to the $2 billion that came into the continent in 2019, according to Africa-focused fund Partech Africa. However, that figure isn’t the only yardstick. It was expected that these figures would increase in 2020. billion and $1.8