The ideal startup story involves entrepreneurs with the right ideas, bank-rolled to billion-dollar valuation by investors with deep pockets. While many tech startups look up to this formula, some explore alternative routes.
Sure Chill’s cooling technology harnesses a unique property of water to keep its vaccine and blood bank refrigerators cool for longer hours without power.
Ecoligo will use the funds to scale up its model, which provides businesses with solar power systems through crowdfunding, in Ghana and Kenya.
Nigeria-based OPay has closed a new $50 million funding round, the largest for any Nigerian tech startup so far in 2019. The company will use the new funding to deepen its roots in the Nigerian market for all its digital businesses including ORide and OFood. It also has plans to expand to other African markets.
Nigerian medical startup 54gene has secured a $4.5 million seed funding barely 7 months after it launched. The sum was raised from investors some of which include YCombinator, Fifty Years, Better Ventures, KdT Ventures, Hack VC and Techammer.
Nigerian healthtech startup, MDaaS Global has secured a new $1 million seed round of funding as it prepares to replicate its innovation across different markets.