The Draft: Samsung tops the global smartphone market; Lenovo records historic highs in both revenue and profit
Here are our editor's picks of the most important technology stories across emerging markets in the past week.
Google is expanding its support for the Black Founders Fund in Africa program
Google for Startups, a Google initiative giving access to equity-free funding to Black-founded startups in Africa, will be expanding its support for the $4 million Black Founders Fund program with an additional $1 million in funding.
Launched in 2021, as part of Google's commitment to working toward a more equitable
Ex-Binance executives launch $100 million crypto fund for Latin America and Africa
Old Fashion Research, a group founded in 2021 by the former executives of Binance has launched a $100 million fund to support crypto adoption and expansion in emerging markets– Latin America and Africa.
* The funds will focus on supporting metaverse and cryptocurrency projects in the regions.
* The group has earlier
Anava Fund of Fund raises $6.4 million to invest in Tunisian startups
Anava Fund of Fund, a Tunisia-based investment body has raised $6.4 million in a subscription to 216 Capital Fund I to support startups with high potential for growth in Tunisia.
* The funds will be used to invest in pre-seed and seed rounds of startups with over $100,000 for
Inventus Capital launches $120 million fund to support SaaS startups
Inventus Capital, a venture capital firm based in India has launched $120 million in its fourth fund to support early-stage consumer internet and software-as-a-service (SaaS) startups.
* The launched fund is waiting for the approval of the Securities and Exchange Board of India, targeted at six months' time, the firm claims.
Singapore's blockchain VC firm NGC Ventures raises $100 million
NGC Ventures, a Singapore-based blockchain and financial technology firm has raised $100 million in its new funding round to support web3-focused projects.
* The crypto firm will fund early-stage projects in web3 including decentralized finance (DeFi), non-fungible tokens (NFTs), and GameFi (blockchain-based play-to-earn games using DeFi and NFTs).
* Babel Finance, Huobi
VC agency Mustard launches £4 million Africa-focused investment
Mustard, a venture agency based in London has launched a £4 million investment focusing on building narrative-driven technology ventures from the early stages in Africa.
* The funds will be used to build out ventures from Africa with the potential to go global in outputs.
* The agency will support visionary venture
UAE-based VC firm Cypher Capital launches $5 million Ocean Protocol projects funding
Cypher Capital, a venture capital firm based in UAE has launched $5 million to fund Ocean Protocol projects.
* Ocean Protocol is a decentralized platform for data exchange and monetization using the Ethereum blockchain.
* The investment will target 20 projects in Ocean Protocol over two years.
* Cypher Capital has earlier invested
Saudi Arabia-based VC firm 8020 Capital launches $10 million accelerator fund
8020 Capital, [https://8020.capital/] a venture capital firm based in Saudi
Arabia has launched a $10 million accelerator fund and startup studio fund to
support and invest in emerging tech startups.
* The funds will help new business founders to develop companies that will
contribute to the growth of the
Technology giant MTN's revenue saw double-digit growth to reach $2.8 billion in Q1 2022
The most important technology news and top venture deals across emerging markets, with charts that illustrate the stories.