STARTUPS
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Oslo-based Glint Solar closes $8m to accelerate global solar power adoption
Oslo-based solar developer software Glint Solar, has secured $8 million Series A funding round led by Smedvig Ventures with participation from Momentum, Futurum Ventures, and Antler. The solar power industry has seen record growth over the last few years, with the annual global solar PV capacity increasing by 87% between 2022 and 2023. However, more still needs to be done to…
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OpenAirlines secures €45m imvestment to accelerate aviation industry’s ecological transition
OpenAirlines, a global provider of eco-flying software solutions, has announced a new milestone in its growth trajectory after raising €45 million from Eiffel Investment Group, leading the operation through its Eiffel Essentiel fund, with the backing of Mirova, a Natixis Investment Managers affiliate dedicated to sustainable investments. Both funds are leading the way in Europe’s energy transition. These two players…
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UK startup Naturbeads secures £7.8m funding to address worldwide microplastic pollution
UK startup Naturbeads has secured £7.8 million Series A funding round to further develop its pioneering technology that addresses worldwide microplastic pollution. Eos Advisory led the round alongside existing investor Progress Tech Transfer, and new investors CDP Venture Capital through its Corporate Partners I Fund, PI-NB, and Paragon Capital Management in Singapore through its early-stage VC fund, Paragon Ventures I.…
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BURN Secures $15 Million To Scale Electric Cooking In East Africa
BURN, the manufacturer of clean cooking stoves has secured a US$15 million investment from the European Investment Bank (EIB). The investment was announced during the World Bank/IMF Annual Meetings in Washington. This funding will accelerate BURN’s efforts to manufacture and distribute its IoT-enabled ECOA electric cooking appliances to over 1 million households in East Africa. The ECOA Induction Cooker (IDC)…
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Standard Chartered Awards Sh8.75 Million to 7 Sustainability Women-led Startups
Last week, Standard Chartered Kenya, in collaboration with Strathmore University’s @iBizAfrica awarded Sh 8.75 million to seven women-led startups in the sustainability sector as part of the seventh cohort of the Women in Tech Incubation Program. The 7 women-led startups for WomeninTech Cohort 7 are: Moma Renewable Energy, Hayah Cradle to Bloom, Zidallie, Gwiji for Women, Zaoshinani, AerialGIS and PsychCare Clinic. The…
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Sustainable Startups Selected to join Women In Tech KES 22 Million Programme
Standard Chartered and @iBizAfrica- Strathmore University have announced the latest inductees into their transformative ‘Women In Tech’ programme. This year’s Standard Chartered Women In Tech programme aims will bring together female entrepreneurs who are leveraging technology to spearhead sustainable startups that generate impact. In line with this objective, the aim for this year’s cohort is to enable these startups to…
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UK foodtech startup Clean Food Group secures £2.5m funding to accelerate commercialization of its sustainable oils and fats technology
UK-based foodtech startup Clean Food Group, has announced a further £2.5 million in funding from Clean Growth Fund, a climate-specific UK venture capital fund, providing UK cleantech entrepreneurs with the expertise and capital they need to reduce carbon emissions and tackle the climate crisis. The funding will be used to accelerate the commercialization of Clean Food Group’s sustainable oils and…
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Hamburg-based Novocarbo raises €25m funding to catalyze Europe’s net zero infrastructure
Hamburg-based startup Novocarbo, has secured €25 million in growth funding to establish a pan-European infrastructure network of its net-zero solution. The investment, made by SWEN Capital Partners (SWEN CP), marks one of the largest CDR-investments in Europe within the last year. With the new financing through the SWEN Impact Fund for Transition 2 fund, Novocarbo will further expand its network…
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UK-based startup WASE secures £8.5m to scale waste-to-energy technology
WASE, a UK-based startup that is unlocking the power of waste to make it the fuel for the future, announced it has secured £8.5 million funding round. The round was led by Extantia Capital, with participation from Hitachi Ventures, WEPA Ventures, the family venture capital firm of the European multigenerational family business WEPA, and Engie New Ventures, the CVC arm of the global energy…
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Roam secures $24m Series A funding to accelerate electric vehicle production in Kenya
Roam, an electric mobility player in electric vehicle (EV) innovation in Africa, is set to expand its operations in Kenya, following a $24 million Series A funding round. This funding round was led by Equator Africa and includes investments from Renew Capital, At One Ventures, TES Ventures, The World We Want, and One Small Planet, among other prominent private and…
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