Yassir pulls in $150M for its super app, led by Bond

Yassir, an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November.  The investment was led by Bond, the growth-stage firm that Mary Meeker spun out of Kleiner Perkins in 2018. Other investors in the growth round include DN Capital, Dorsal Capital, Quiet Capital, Stanford Alumni Ventures and Y Combinator via its Continuity Fund, among other strategic investors.  The African startup, first launched in Algeria,…

Startup Tunisia: Turnover of startups grows despite ongoing difficult context

The 3rd edition of the annual Startup Tunisia report, published Tuesday, shows that 6.7 million dinars have been invested by startups until 2021 with more than 22 investments in 2021, an increase of 900,000 dinars compared to the previous year. In 2021, the fundraising by Business Angels was carried out by 45 people and 1 network/ They were concentrated up to 57% on startups operating in B2B. According to Startup Tunisia, the labelled startups achieved a turnover of 120 million dinars in 2021, i.e. an evolution of 67% compared to…

Flat6Labs celebrates 3rd Hub Day of Ignite Tunisia project

Flat6Labs, the leading seed venture capital firm in North Africa and Middle East region, organised the 3rd Hub Day of the Ignite Tunisia project. This event brought together representatives of the entrepreneurial ecosystem, donors, investors and the media who gathered to discover the support programmes presented by structures from different regions of Tunisia, from Bizerte to Medenine, including Tunis, Nabeul and Monastir. During 4 months, the representatives of these 6 structures benefited from coaching and mentoring sessions covering several fields with national and international experts mobilized to support them, online…

Tunisian ‘Cure Bionics,’ chosen to receive funding from pan-African ‘Investing in Innovation’ program.

Cure Bionics, a Tunisian startup that creates bionic arms (prostheses) using 3D printing technology, has been chosen to receive funding from the pan-African Investing in Innovation (i3) programme, supported by the Gates Foundation, along with 29 other top African startups that have an impact on the healthcare supply chain. The business is also creating therapeutic applications for persons with disabilities utilizing immersive technologies, enabling them to receive care without having to visit a clinic. The Bill & Melinda Gates Foundation-funded i3 program seeks to invest in the most promising African…

Tunisian startup Expensya signs big deal with BNP Paribas

Tunisian startup Expensya and BNP Paribas announced Tuesday the launch of a joint product. It allows BNP Paribas customers to have an expense management solution. Karim Jouini, CEO of Expensya, explains: “The BNP Paribas customer has the BNP Paribas payment card, the Expensya software and everything is integrated from end to end up to the CFO and accounting. Today, this gives access to more than 650 thousand cards in Europe. We will start with France. We will then roll out this solution to Belgium, Italy and hopefully Germany as well”.…

Drinking water-Technology: Tunisian start-up partners with NGO to provide 570 students with drinking water in northwest Tunisia

Tunisian start-up “Kumulus Water” has provided assistance to a school deprived of drinking water in Makhtar in the region of Siliana (north-west of Tunisia) through a technical solution “Kumulus 1”, designed to generate water from the ambient air. It came to support its expertise in water technology, the efforts of the Tunisian NGO “WallahWeCan”, which campaigns for the improvement of living conditions of students in schools and educational environments in Tunisia, especially in disadvantaged areas. Thanks to atmospheric water generators, each producing 20 to 30 litres of healthy drinking water…

Tunisia: GoMyCode, an education startup, raises $8 million in Series A round

GOMYCODE, a Tunisian IT startup, announced Thursday that it has raised $8 million in a round of financing. The round was jointly led by AfricInvest, through its innovation fund Cathay AfricInvest (CAIF), and Proparco, a French-based development finance institution, with participation from existing investor Wamda Capital. This new injection of funds brings the total investment raised by the startup to $8.85 million, after raising a seed of $850,000 in October 2020. The edtech startup was founded in 2017 by 24-year-old Yahya Bouhlel (CEO) to initially solve a shortage of skilled…

Kumulus Water refreshes air to provide water to 570 school children

Tunisian start-up Kumulus Water, specializing in hydrological engineering, has designed solar-powered water generators. The device, called “Kumulus 1”, is equipped with four filters and smart features that provide drinking water to 570 schoolchildren in Makthar. Some 570 schoolchildren Makthar, governorate of Siliana, now have a regular supply of drinking water thanks to a new system called “Kumulus 1”. It was installed as part of a partnership between the Tunisian foundation Wallah We Can, which operates in the education sector, and the start-up Kamulus Water, which specializes in hydrological engineering. These…

31 waste management SMEs authorized to restart their activities

The National Agency for Waste Management (ANGed) approved the reopening of 31 small and medium-sized enterprises (SMEs) specializing in solid waste collection in Tunisia. These companies had ceased all activities for a year and a half. The new measure has been effective since 27 April 2022, when several agreements were inked between the National Waste Management Agency ( ANGed ) and the managers of 31 small and medium-sized enterprises (SMEs) in Tunisia. One year and a half ago, these companies specializing in solid waste collection were ordered by ANGed to…

Blue Jay Communication knowledge partner for Africa Fintech Summit

Leila Ben Hassen Founder & CEO of Blue Jay Communication announced on Social media that her agency is assigned to be a Knowledge Partner of Africa Fintech Summit 2022 due to be held on April 21. Leila Ben Hassen has more than 15 years’ experience working in communications, business development and media in Africa. She established Blue Jay Communication in December 2017, as a ground-breaking communications agency specialising in Africa and driven by a clear objective: to accelerate change and help foster new opportunities for Africa’s vibrant youth. Leila Ben…