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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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‘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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Data-driven iteration helped China’s Genki Forest become a $6B beverage giant in 5 years

TechCrunch

Creative use of the country’s networked manufacturing and logistics hubs make mass production both cheap and easy. It was just a matter of time until an intrepid Chinese entrepreneur with a tech background decided to take on Coca-Cola and PepsiCo. China is also home to one of the world’s largest e-commerce and tech ecosystems.

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Fed Tech News Roundup 8 July 2015

CTOvision

Pentagon's Silicon Valley unit gets $1.75M for fiscal 2015 - FCW.com FCW (Today) - FCW.comPentagon's Silicon Valley unit gets $1.75M for fiscal 2015FCW.comThe Defense Department's first fulltime outreach office in Silicon Valley is up and running thanks to a July 2 memo from Deputy. Some are already. Marine Corps, Interior Dept.

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Backbone nabs $14M for supply chain software inspired by mesh networks

TechCrunch

In a survey conducted long before the pandemic began (in 2015), large companies — those with revenues in the range of $500 to more than $1 billion — pegged variability as the top challenge that they faced. Forecasting, also known as demand variability, has long been a hurdle for businesses reliant on the global supply chain.

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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. The company recorded a 130% CAGR between 2017 to 2021.

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Nigerian founders-turn-investors are now running syndicate funds

TechCrunch

The Future Africa Fund kicked off in 2015 when Iyinoluwa Aboyeji and Nadayar Enegesi , co-founders of US-based and African-focused talent company Andela, wrote checks to African startups as angel investors. Bosun Tijani talks strategy as CEO of Africa’s new largest tech hub. Adopting syndicate funds for African startups.