E-commerce marketplace Fatura secures US$3m pre-series A round to expand its services

EGYPT – Fatura, a Cairo-based ecommerce marketplace, has secured US$3 million in a pre-Series A round led by Sawari Ventures and Arzan Venture Capital. The round also included participation from Egypt Ventures, EFG-EV, Cairo Angels, and Khwarizmi Ventures. In July 2020, the company raised an unknown amount of money in a seed round. With this financing, Fatura will be able to expand its services beyond e-commerce and digital financing, allowing it to optimize the interchange of products, money, and information in the B2B environment while concentrating on ease and user…

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Nexford University completes US$10.8m Pre-Series A funding round led by Global Ventures

NIGERIA – Nexford University, a next-generation online university based in Washington D.C. and with offices in Nigeria, has announced the successful completion of a US$10.8 million Pre-Series A funding round led by Global Ventures, the UAE-based venture capital firm. Participating investors included Future Africa’s new thematic fund focused on education, which is led by Iyinoluwa Aboyeji, the co-founder of Flutterwave and Andela, plus angel investors, family offices and VCs from 10 countries including the US, UK, France, Dubai, Switzerland, Qatar, Nigeria, Egypt and Saudi Arabia. The global investor base reflects…

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