A ride-hailing and delivery service operating in Africa, aiming to provide reliable transportation and logistics solutions.
VOLZ raises Algeria’s largest startup funding round in local currency
VOLZ raised 600 million dinars (about $5 million) to strengthen its product offerings and expand into new markets. The funding round was led by Tell Group and included participation from Groupe Industriel Babahoum Algérie (GIBA).
African tech doesn’t need more strongmen
The culture of strongmen in African tech mirrors the political history of the continent, leading to centralized and personality-driven startups. Strongman leadership often results in talent leaving due to a lack of creativity and initiative, as well as disengagement from investors.
10 Startups to Watch in 2025 in North Africa
Chari, a Moroccan startup, is revolutionizing retail with a B2B e-commerce platform that supports over 20,000 small grocery stores. MaxAB in Egypt has merged with Wasoko, creating Africa's largest informal retail network, supporting over 450,000 merchants.
P1 Ventures Eyes Africa’s Emerging Tech Hubs
P1 Ventures has closed its first $50 million institutional fund. The firm is allocating half of its new fund to emerging hubs in North, West, and Central Africa.
Pan-African contrarian investor P1 Ventures reaches $25M first close for its second fund
P1 Ventures has reached the first close of its second fund at $25 million. The firm plans to focus on sectors such as e-commerce, fintech, insurtech, health tech, SaaS, and AI.
