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06 - 03 - 2019

Welcome to today's edition of TC Daily. If you are not subscribed please take a moment to subscribe so you have this delivered directly to your mailbox.

This month, Endeavor is celebrating International Women's Day (March 8) by honouring and celebrating the Women of Endeavor. From March 4-8, in coordination with colleagues across Endeavor’s 32 other markets, Endeavor Nigeria is running a week-long social media campaign, highlighting the amazing achievements of the Women of Endeavor - high-impact entrepreneurs, mentors, investors and board-members building and supporting some of the most exciting scale-up companies in the world. Follow our campaign on Twitter, Facebook and Instagram using the hashtag #HerImpact, subscribe and read our March newsletter here.

South African startup,  InvestSure, has raised ZAR9.6 million (US$685,000) in funding to broaden its offering and expand into new markets. The funding was secured from Hannover Re Africa subsidiaries, Lireas Holdings and Compass Insure, as well as venture capital firm 4Di Capital. InvestSure launched in May, 2018.

Are you a tech innovator addressing land and property rights? The Secure Tenure in African Cities: Micro Funds for Community Innovation initiative is accepting applications for grant of up to US$50K. Applications are open till March 14, 2019. Click here to apply.

After securing US$1.5 million in a funding round led by the US-based Bittrex, South African startup VALR, will launch its digital asset trading platform which will allow customers seamlessly and instantly trade between bitcoin or ether and over 50 cryptocurrencies. VALR plans to leverage technology belonging to Bittrex, another digital asset trading platform.

Impact investment fund Beyond Capital has finalised its participation in Nairobi-based startup Tulaa‘s seed round with a $25,000 capital injection. Last year, Tulaa secured a $627,000 seed round led by Canadian impact investor AHL Venture Partners and included investments from  Global Partnerships/Eleos Social Venture Fund, Beyond Capital and Rafiki Ventures. The funds will be used to drive the startup's expansion in Kenya.

Ghana's OZÉ, Cote d’Ivoire's Seekewa, Nigeria's AMPZ.TV, Kenya's WayaWaya and South Africa's Snode Technologies have been selected as regional winners in  MEST Africa’s 2019 Pan-African pitch competition. They will pitch on a global stage in the finals at the 4th MEST Africa Summit, to be held in Nairobi, Kenya, June 10-12, for a US$50K in equity prize as well as business mentorship.

An Australian ‘Airbnb for Parking’ has launched in Kenya. Kerb allow car users find parking easily as well as let homeowners rent out their spare spaces to make extra cash. Launched in Australia in October 2016 by Rob Brown and Matt Salmon, Kerb is available in 300 cities and 19 languages. The Kenya launch will be shortly followed by a regional expansion across East Africa.

NBA Player, Andre Iguodala, will be joining e-commerce giant Jumia as a member of its board of directors. According to the company, Andre will be “charged with promoting business development and technology in Africa.”

TechCabal is pleased to bring to you a story of audacity depicted in a portrait series and exhibition event. The Tech Women Lagos series profiles 50 women in Lagos’ technology ecosystem from different backgrounds and at different stages of their tech careers. Their stories are captured in portraits and prose in its own website — — which launches on International Women’s Day, March 8, 2019. Visit our website to learn more about the idea behind the exhibition and to register for updates regarding all the events that are part of the exhibition.

From TechCabal

Taxify (Barely) Beats ‘King’ Uber in the Battle for Lagos + Africa’s Biggest Smartphone Seller is Taking a Cue from Apple

That's it for today.

See you tomorrow.   - Kay
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