STARTUPS

  • Hydrobox Secures Sh 1.16bn To Scale Mini Grids

    Kenyan Energy Startup Hydrobox Secures Sh 1.16bn To Scale Mini Grids

    Kenyan energy startup, Hydrobox, has taken a big step in its vision to revolutionise rural electrification after securing $9 million (Sh 1.16bn) in debt financing from FMO, the Dutch entrepreneurial development bank.   The funding targets to scale Hydrobox’s eight mini-grid projects in a bid to bring underserved communities affordable and sustainable energy. As part of Hydrobox’s mission to electrify remote…

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  • SpotmyEnergy

    German cleantech startup SpotmyEnergy raises €10.5m seed funding to accelerate energy efficiency for households

    German energy startup SpotmyEnergy has secured fresh capital amounting to €10.5 million in a seed financing round. The round was led by Norrsken VC, the investment arm of the renowned Swedish Norrsken Foundation. Additionally, Vorwerk Ventures joins as a new investor alongside existing investor Picus Capital. The new funds will be used to meet product demand and further expand the…

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  • Areas partners with Plug and Play to strengthen its commitment to sustainability

    Areas partners with Plug and Play to strengthen its commitment to sustainability

    Areas, a global player in Food & Beverage and travel retail, has launched ‘Areas for Change Challenge’ in collaboration with Plug and Play, to strengthen its commitment to sustainability. Areas is seeking for startups that develop innovative and sustainable solutions. The challenge aims to address the company’s needs and tackle issues in the Food & Beverage, Travel & Hospitality, and…

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  • Japanese startup Green Science Alliance launches 100% plant based vegan nail polish thinner

    Japanese startup Green Science Alliance has developed 100% plant based nail polish thinner with “Re : soil” trademark. The brand name ”Re: soil” originates from the concept of developing cosmetic products which returns back to soil by biodegradation. There are a few plant natural based cosmetic products in the market already but one would not see much of cosmetic products…

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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 $15M to Scale Electric Cooking in East Africa

    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

    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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