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Co-Creation Hub’s edtech accelerator puts $15M towards African startups

TechCrunch

Africa’s largest innovation hub Co-Creation Hub (CcHUB), is launching a $15 million accelerator program, dubbed The Edtech Fellowship Program, to back and support 72 startups across Nigeria and Kenya over the next three years, TechCrunch has learned. One, the edtech space is highly regulated, more than the casual tech observer might think.

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GetVantage offers revenue-based financing to India’s founders

TechCrunch

That’s the gap that revenue-based financing platforms like GetVantage want to fill. The Mumbai-based startup announced today that it has raised $36 million in equity and debt led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, along with returning investors Chiratae Ventures and Dream Incubator Japan.

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Binance-backed Xend Finance launches DeFi platform for credit unions in Africa

TechCrunch

Nigerian startup Xend Finance uses decentralized finance (DeFi) to address currency devaluation. This gave birth to Xend Finance.” Not only is Xend Finance trying to protect credit unions from fluctuation, but it is also changing how they operate. Image Credits: Xend Finance. Image Credits: Xend Finance.

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Nestcoin raises $6.45M pre-seed to accelerate crypto and web3 adoption in Africa and frontier markets

TechCrunch

billion between July 2020 and June 2021, per research by New-York based research firm Chainalysis. Bademosi was the Director of Binance Labs in Africa, overseeing the incubation and development of blockchain projects when he decided to start Bundle as CEO in 2019. million pre-seed to that end.

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Despite creaky markets, European edtech is showing its resilience

TechCrunch

European, North American edtech startups see funding triple in 2021. billion raised in 2021. The first half of 2022 saw 16 so-called mega-rounds, compared to 24 in the second half of 2021 and 30 in the first half of 2021. More posts by this contributor. These are turbulent times.

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Despite the downturn, CVC gains traction in Brazil’s startup ecosystem

TechCrunch

Despite the challenging fundraising environment of 2022, we saw more big corporations launching their corporate venture arms in Brazil last year than during the boom years of 2020 and 2021.

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LexxPluss expands into US with its warehouse robots

TechCrunch

Drone Fund led the latest financing along with SOSV’s HAX, Incubate Fund, SBI investment and DBJ Capital. market, the largest autonomous mobile robots market, which was already $762 million in 2021 and is expected to grow to $3.2 with a fresh injection of about $10.7 million (1.45 million (5.26 billion yen).