Startup Updates

Chari, a pioneering B2B e-commerce startup, has clinched a funding partnership with UM6P Ventures, indicating a pivotal moment for both entities in advancing scientific innovation and entrepreneurship in Morocco and beyond.

For the inaugural cohort, early-stage businesses based in East Africa are invited to apply. The qualifying criteria include having a tech or tech-enabled business model, a viable product, a minimum of $500,000 in annual recurring revenue, and a year-on-year growth rate of at least 50%.

Tunisian retail-tech startup Winshot has successfully closed a six-figure funding round. The infusion of funds is earmarked for optimizing operational efficiency and amplifying customer satisfaction across brands, retail chains, and franchise operations.

Egypt's WayUp Sports has clinched a substantial seed round of funding. The investment, led by Beltone Venture Capital, Index Sports Fund, and strategic angel investors, is poised to propel WayUp Sports into a phase of regional expansion.