Viebeg, Shamba Pride, BlinkApp raise venture funding; Flutterwave buys Disha

 Viebeg, Shamba Pride, BlinkApp raise venture funding; Flutterwave buys Disha

The Rwanda Innovation Fund (RIF), managed by Angaza Capital, has invested in Viebeg Technologies, a health-tech company that provides medical supplies and equipment throughout central and east Africa via a data-driven procurement platform.

Viebeg was founded in 2018 by chief executive officer Tobias Reiter, who has prior experience building AI-driven platforms, and chief commercial officer Alex Musyoka, who has sales and operations experience in senior roles at medical supply companies including Crown Healthcare, East Africa’s largest player.

The company said it has raised a total of $1 million but did not clarify if this included the funding received three months ago. In August, Beyond Capital Ventures, an emerging market-focused impact venture firm, had inked its debut transaction in Rwanda by backing Viebeg. Beyond Capital Fund and Eckenstein Geigy Stiftung had also joined as co-investment partners in Viebeg’s pre-seed funding round at the time.

Viebeg says its data-driven logistics platform — encompassing shipping, warehousing, last-mile distribution, and inventory management — helps healthcare facilities to better manage procurement, ensuring that they have the right type and quantities of medical supplies in stock to treat patients.

The company claims it can generate average cost savings of 40% for its customers by connecting healthcare providers directly with manufacturers.

Headquartered in Kigali, Viebeg has already established a commercial presence in Burundi and the Democratic Republic of the Congo besides Rwanda and Kenya, serving more than 410 customers since its launch three years ago.

The company says it is targeting an underserved $4 billion market in East and Central Africa, with the Covid-19 pandemic augmenting the need to strengthen medical supply chains across the region and bolstering demand for essential supplies.

The Rwanda Innovation Fund invests in growth-stage ventures across health-tech, agri-tech, smart city and ed-tech sectors in the Middle East and Africa.

BlinkApp

Cairo-based mobility risk assistance startup BlinkApp has raised a six-figure pre-seed round, led by investors based in the UAE and Saudi Arabia.

Founded in 2017 by Wael Noufal and Ahmed El-Mahdy, BlinkApp tries to minimise the risk impact on vehicles. It captures and analyses data, using smartphone’s sensors and AI technology, to monitor drivers’ behaviour, detect collisions, and generate reports to guide and assist customers.

BlinkApp had previously raised two zero-equity grants with around $210,000, from ITIDA through the ITAC programme to develop research in cooperation with Egypt Japan University for science and technology.

By 2025, BlinkApp aims to onboard six million users and reach revenue of nearly $20 million.

Shamba Pride

Kenyan agri-tech startup Shamba Pride, an online platform that connects farmers to inputs and services, has raised Ksh122 million ($1.1 million) led by Seedstars Africa Ventures and Gray Matters Capital.

Shamba Pride will use the money to support its expansion and roll out its digital solution to over 1,000 digital shops.

Flutterwave-Disha

African payments technology company Flutterwave has acquired Disha, a platform that enables digital creators to curate, sell digital content, portfolios and receive payments from their audience worldwide.

This comes nine months after Disha had said it was shutting shop but soon after did a volte face and said it was evaluating options.

Disha was founded by Evans Akanno (ex-CEO), Rufus Oyemade (ex-CTO) and Blessing Abeng (ex-CMO).

Vivek Sinha

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