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🚀 Moove Secures $100 Million in Series B Funding 🌍 Moove has announced the closing of a $100 million #SeriesB round. They extended a big thank you to Uber, Mubadala, thelatest.ventures, AfricInvest Group, Palm Drive Capital, Triatlum Advisors AG, and Future Africa for their support, as well as Bank of America Business for their invaluable financial advice during this transaction. Ladi Delano #startup #funding #alert #trending #tech #trending #drive #investment #big #connectin #fusion 💡 Elevating the valuation to $750 million, Moove is on a steadfast mission to transform mobility. Their efforts have already positively impacted over 80,000 lives across 9 diverse markets. 🚗 This round fuels the ambition to introduce 45,000 new vehicles, with a keen focus on electric vehicles (EVs), propelling us towards a more sustainable future. Moove's vision extends to broadening their footprint to 16 markets by the end of 2025. https://lnkd.in/edgSqu2c

Moove, an African mobility fintech specializing in vehicle financing for ride-hailing and delivery app drivers, has secured $100 million in funding, with Uber leading the Series B round. The investment marks Uber’s first foray into the African continent’s startup ecosystem, pushing Moove’s post-money valuation to $750 million. While the funding round participants were not officially disclosed by Moove, sources close to the deal confirmed Uber’s involvement to TechCrunch. Other investors include... Tap the link in our bio to read more. #Uber #Moove #AfricanTech #Fintech #Investment #Mobility #Valuation #FinancialNews #RateCaptain #TechInvestment #Startup #VentureCapital #FinancialTechnology #TechNews #BusinessNews #innovation

🚀 Sifted's semi-annual report on European venture capital is here, and it's like a rollercoaster of euros and startups! 🎢💸 🔹 Total Investments in Europe - H1   €47.3B across 2971 deals. Yep, you read that right! 🔹 Early Stages   Pre-seed, seed, and Series A stages accounted for 82.8% (2460 deals) but only 19.7% (€9.3B) of the total cash flow. 🔹 Round Sizes   Bigger and better — average deal size jumped 23.2% to €11M from Q1’s €8.9M (excluding debt). 🔹 Mega Rounds   87 rounds over $100M in H1! Of those, 63 were equity rounds — the highest since H1 2022. 🔹 Biggest Deals   Swedish powerhouses Northvolt (€5B) and H2 Green Steel (€4.75B) took the lead, followed by UK’s SumUp (€1.5B). 🔹 Unicorns Are Real! 🦄   Europe birthed 8 new billion-dollar companies in H1, more than all of last year! 🔹 Investors Galore   5006 investors backed European startups in H1; 195 of them made at least 5 investments each. 🔹 Most Active Investors:   Antler leads the pack with 82 investments, closely followed by SFC Capital with 78. 🔹 Vertical Focus   ClimateTech dominated with €21.3B in investments, but FinTech stole the spotlight in Q2. #VentureCapital #Startups #InvestmentTrends #EUtech

🚀 Moove, an African fintech startup focusing on mobility, saw its valuation soar to $750 million following a $100 million investment round led by Uber. 💥 Moove, an African mobility fintech that offers vehicle financing to ride-hailing and delivery app drivers, has raised $100 million in a funding round as it plots expansion into new markets. Moove did not say who is leading the round, but sources close to the deal confirmed that Uber led the Series B round, making it the company’s first investment in the African continent. Update: After we published this article, Moove confirmed Uber’s investment in a LinkedIn post. 💼 The round also includes sovereign wealth fund Mubadala and several other investors, pushing Moove’s post-money valuation to $750 million. This is up from the $550 million secured last August in a Mubadala-led equity and debt round. The news confirms a Bloomberg report from last month. Dubai-based The Latest Ventures, AfricInvest Group, Palm Drive Capital, Triatlum Advisors AG, and Future Africa also participated in the funding round. 💬 “We want to be at the forefront of electrification in the U.K. and UAE by putting more EVs on the road. But in countries like Nigeria, we hope to be at the forefront of the transition from ICE (internal combustion) engines to compressed natural gas (CNG) vehicles and then from CNG to EVs,” said the Ladi Delano. “We’re doing a lot of work at the moment to prepare the Nigerian market for CNG transition, in the hope that will reduce the impact of the increasing fuel price on the bottom line of our customers.” 🌍 Uber operates in numerous cities across eight African countries: South Africa, Nigeria, Ghana, Egypt, Kenya, Tanzania, Uganda, and Ivory Coast. Its services are primarily available in major urban centers, where there is a considerable demand for ride-hailing services. In 2022, Uber completed 1 billion rides across these markets. Read more: https://lnkd.in/egBySdb5 #africa #startup #business

We're excited to share today's news and announcement of Assembly Ventures' newest portfolio company - Monogoto. In addition to Assembly Ventures, the $27 million Series A was led by Toyota Ventures with participation from new investors including Samsung Next, Kickstart Ventures, Magenta Venture Partners, J-Ventures Fund, and existing investors Team8, Triventures, Singtel Innov8, Telefonica, and Alter Venture Partners. Monogoto CEO Itamar Kunik believes "We've built a game-changing, self-service cloud infrastructure that simplifies connectivity and drives innovation. Just as Amazon Web Services (AWS) transformed the cloud and Twilio scaled communications at scale, Monogoto is redefining connectivity." We couldn't agree more. Enterprises have long sought a digital infrastructure that can seamlessly facilitate connectivity - and Monogoto is leading this shift with its software-defined, accessible, and affordable solution. Assembly Ventures is excited to partner with Monogoto's visionary team to break down barriers for innovators, creating continuous connectivity that will ultimately disrupt the way we live, work and move the world. Congratulations to Itamar Kunik, Maor Efrati, and all of Team Monogoto. Let's Move the World. Thank you David Sokolic, Jim Adler, Liran Grinberg, Joan Yao, Oded Hermoni, Michal Geva, Antonio Viana Baptista, Jeff Karras, Yuval Shachar, Sarit Firon, Zohar Alon, Ofer Ben-Noon, David Amzallag, Raz Bachar, Gil Prashker. To learn more, visit TechCrunch: https://lnkd.in/dAivAEZa #VentureCapital #Mobility #Detroit #Berlin #SiliconValley #Connectivity #Automotive

🚀 Zepto Raises $665 Million at a Valuation of $3.6 Billion to Enter New Markets. Zepto, the rapid delivery startup, has secured $665 million in a funding round, boosting its valuation to $3.6 billion and paving the way for expansion into new markets. 💰 Funding Boost: - Zepto has raised $665 million in its latest funding round. - This significant investment elevates Zepto’s valuation to $3.6 billion, underscoring investor confidence in its business model and growth potential. 🚀 Strategic Objectives: - The newly acquired funds will be used to expand Zepto’s presence into new markets, both domestically and internationally. - Zepto aims to enhance its rapid delivery infrastructure, ensuring efficient and timely service as it scales. 📈 Market Impact: - With this funding, Zepto plans to strengthen its position in the competitive rapid delivery market by entering new geographical areas. - The expansion is expected to drive revenue growth and increase market share, positioning Zepto as a key player in the industry. 🌐 Industry Benefits: - Zepto’s growth will contribute to the evolution of the rapid delivery sector, promoting innovation and improving service standards. - The company's focus on speed and efficiency will set new benchmarks for the industry, benefiting consumers with faster delivery options. 🏬 Service Enhancement: - Part of the investment will be allocated to enhancing Zepto's technology and logistics network, ensuring robust and scalable operations. - Zepto aims to improve its customer experience by minimizing delivery times and expanding its product range. 📅 Future Outlook: - With the $665 million funding, Zepto is well-equipped to accelerate its growth trajectory and achieve its ambitious expansion goals. - The company’s focus on entering new markets reflects its commitment to becoming a global leader in rapid delivery services. Zepto's $665 million funding round signifies a major milestone, enabling the company to expand its market reach and reinforce its leadership in the rapid delivery sector. #Zepto #Funding #RapidDelivery #MarketExpansion #StartupGrowth #TechInnovation #Investment #Logistics #StartUpNews #BusinessNews #MicroShots #NewsUpdates

One month after its launch in the United States, Nigerian vehicle-financing startup Moove has expanded to Mexico, marking a significant milestone in its growth journey. Moove, which finances vehicles for ride-hailing services like Uber, aims to become profitable by 2025. The expansion highlights the resilience of African startups in overcoming tough macroeconomic challenges, positioning themselves for global success. Find out more at https://lnkd.in/dbVeCdyE #Remoteworknews #Moove #Nigerianstartups #news #newsupdate #tech #technews #ict #technewsupdate #techworld #techgeek #geek #computer #computernews #computernewsupdate #modernlife #trends #techtrends #computertrends #icttrends #techmagazinenews #globaltech #globaltechnews #globalnewsupdate

Bhavish Aggarwal-led two-wheeler electric vehicle (EV) manufacturer Ola Electric has received the nod from the Securities and Exchange Board of India (SEBI) for its much-awaited initial public offering (IPO). The company received the approval earlier in the day today and is eyeing a listing on the exchanges within a month, one of the sources said. 🚀 Join the startup revolution! Follow StartupTrak for the latest and hottest startup news, inspiring stories, and game-changing innovations! 💯❤️🔥 . . #OlaElectric #IPO #SEBIApproval #BhavishAggarwal #ElectricVehicles #EV #StockMarket #TechNews #IndianStartups #BusinessUpdate #SustainableMobility #AutomotiveIndustry #MarketDebut #FinancialNews #InvestmentOpportunity #GreenTechnology #StartupNews #StartupTrak