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Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across AfricaKenyan startup Wow...
15/12/2021

Kenyan startup Wowzi secures $3.2 million from 4DX Ventures, Andela co-founder to expand across Africa
Kenyan startup Wowzi has secured new funding to expand the reach of its platform, which turns social media users into brand influencers, to West and Southern Africa — as it taps the increasing usage of social sites across the continent driven by the proliferation of smartphones and a deepening internet pe*******on. Wowzi, which connects social media users with advertisers and provides consumer insights, has secured a total of $3.2 million from investors over the last few months, part of which includes a recently concluded $2 million seed round that was led by the Africa-focused venture capital firm 4DX Ventures. This was preceded by a $1.2 million pre-seed round. Other investors in the seed round were To.org, Golden Palm Investments, LoftyInc Capital, Afropreneur Angels, and Future Africa. Andela co-founder Christina Sass, and former Andela executives Jessica Chervin, Justin Ziegler, as well as Johnny Falla, who currently serves as chief development and growth officer at Wowzi, took part in the round too.

Educate Online, which allows remote learning at international schools, raises $4M SeedIt was only earlier this week that...
15/12/2021

Educate Online, which allows remote learning at international schools, raises $4M Seed
It was only earlier this week that we learned StudyFree — which connects students with international educational opportunities — had raised a $3 million seed round. But there’s more to this than being accepted on a traditional course. The pandemic has turned education into a remote industry, and tech startups have responded. Educate Online is a platform allowing international students to study at UK, US, and Canadian schools, but there’s a twist. All the study is done online, remotely, full-time or part-time, without having to move to another country and bear the related costs. It’s now raised $4 million in Seed funding from Xploration Capital, TMT Investments, Flyer One Ventures, Softline, and Angelsdeck. In the past 12 months, the startup says it’s garnered 2,500 students from 18 countries, covering K-12 study, ESOL, career exploration, university preparation, and internship & mentorship programs.

7 investors discuss web3’s present and peer into its future'The genie is out of the box'ost people have experienced the ...
15/12/2021

7 investors discuss web3’s present and peer into its future
'The genie is out of the box'
ost people have experienced the internet only through Web 2.0: online applications, the social web and software as a service form the fabric of our lives.

But even as other technology rapidly evolves, basic web infrastructure has remained largely unchanged since the turn of the millennium. Lately, many have championed web3 as the internet’s next phase, but the term encompasses so much territory, conversations can be rather diffuse.

We’re still years away from web3 capturing major market share, and there are valid concerns that its complexity will daunt consumers and regulators. However, our research indicated that the investment landscape is growing increasingly competitive as venture capitalists become more educated and less skeptical.

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