E-commerce platform Tejarra.com raises seed investment from VC firm Openner

EGYPT – Egyptian electronics e-commerce platform Tejarra.com has raised seed investment from venture capital (VC) firm Openner, Egypt’s first Venture Builder model.  Through the partnership, Openner will not only offer capital, but also in-depth, hands-on technical support, scientific expertise and additional resources for the platform’s marketing and sales operations as well as its market success and positioning.  “In an already fast paced world, with challenges that rise every day, both consumers and retailers around the region are seeking new and innovative shopping and marketing solutions respectively,” said Islam Erfan, Founder and CEO of tejarra.com.  “After closely monitoring both…

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Logistics startup Bosta raises US$6.7m Series A round led by VC Silicon Badia

EGYPT – Bosta, a Cairo-based ecommerce logistics startup, has raised US$6.7 million in a Series A round led by Amman-based global VC Silicon Badia. The round also included the participation of 4DX Ventures, Plug and Play Ventures, Wealthwell VC, Khwarizmi Ventures, and a few other investors. It takes their total investment to date to US$9.1 million. In February last year, Bosta had announced a seven-figure (USD) Series A from European parcel delivery company DPDgorup and Fawry but it has confirmed to us that the US$6.7 million it has announced today…

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Tokyo based VC Uncovered Fund launches, targets US$15m to invest in seed and Series A stage African companies

AFRICA – Uncovered Fund, a Tokyo based, venture capital fund targeting early and seed stage startups in Africa has launched with a targeted size of US$15 million and confirmed its first five investments in African tech startups. Launched in June of last year, the fund is scheduled to close at the end of June 2021, with a total size of US$15 million. The Tokyo-based outfit founded by Takuma Terakubo in 2019 will invest $50,000 to $500,000 in African startups in seed and Series A stages. Before Uncovered Fund, Terakubo was…

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