Egyptian last-mile delivery startup Mylerz has secured $9.6 million from Lorax Capital Partners and payment company Fawry.
Founded in 2019 by Samer Gharaibeh, Mylerz provides same-day delivery through a fleet of over 350 vehicles and 21 local fulfilment hubs positioned across the home country.
The firm plans to use the money to expand in rets of North Africa over the next 3-4 months and to construct and open a new AI-enabled, automated 25,000 sqm cross-docking fulfilment centre in Cairo by the end of the year.
Nigerian plastic waste recycling venture Kaltani has snagged $4 million in seed funding from undisclosed investors to expand its operations across the country as it prepares for a Series A round later this year.
Founded by Obi Charles Nnanna, Kaltani said it would get to a capacity of 13,000-15,000 tonnes per year with the current round of funding and would scale it to 40,000 tonnes per year as it raises the next round of VC funding.
The startup will open 20 new collection and aggregation centres across the country with the latest round.
Artha India Ventures, a family office of Ashok Kumar Damani, today announced a pre-seed investment in Kenya’s Badili, Africa’s first online buy-back platform for smartphones.
Badili has raised the first tranche of $850,000 from the total target of a $3.35 million pre-seed round. Notable angels and institutional investors such as Rajesh Sawhney, Ritesh Malik, SOSV, Uncovered Fund and Grenfell Holdings participated in the tranche.
The startup will use the funds for acquiring inventory, tech enhancement and establishing its offline presence through brick-and-mortar stores across seven cities in Kenya. The consumer-to-business (C2B) startup is the first in Africa that purchases and sells used smartphones directly from the consumers and is supported by strategic partnerships in China, South Korea and India.
The re-commerce startup for old mobile phones was founded and led by Rishabh Lawania. It operates through its website, mobile app and a network of over 210 dealers.
Nigerian digital compliance and security platform Identitypass, which nabbed pre-seed funding last November, has raised $2.8 million in seed funding led by MaC Venture Capital.
Y Combinator, Soma Capital, True Capital Fund and Sherwani Capital also joined the round.
The 17-month-old venture co-founded by Lanre Ogungbe, Niyi Adegboye and David Obi offers services like AI-powered biometric authentication and identity data verification.
The firm claims to have 200 active clients spread across fintech, e-commerce, education, and mobility sectors. It says the platform has processed over 1 million unique verifications to date.
Manara, a cohort-based edtech venture chasing the MENA opportunity, has secured $3 million in pre-seed funding led by Stripe, with participation from marquee angels such as founders of LinkedIn, Y Combinator and Careem.
Cofounded by Iliana Montauk and Laila Abudahi, Manara offers tech skills training for free but charges the students a tenth of their salary in the first two years of job placement after the training program.