AFRICAN STARTUPS MORNING WIRE
ISSUE OF
The overnight wire, every weekday morning — the raises, launches and exits the desk judged in.
BioInformatiCo prepares seed funding for Leova AI as Five35 exits Complete Farmer and IFC evaluates Cauris Finance investment.
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South Africa’s BioInformatiCo To Open Seed Round For Leova AI Scale-Up
Clinical data management organisation BioInformatiCo is preparing to open a seed funding round in the next two to three months to further develop and take its Leova AI platform beyond the operational environment in which it was built. The Johannesburg-based company has developed an AI platform that already automates key parts of clinical trial database [...]
Why it matters: BioInformatiCo plans to open a seed funding round within two to three months to scale its Leova AI platform beyond its current operational environment.
techfinancials.co.za · 19 October
How Five35 Ventures made 3.5 times its investment on Complete Farmer
Five35 Ventures achieved a 38% internal rate of return over four years by selling its stake in Complete Farmer.
techcabal.com · United States · 19 October
IFC proposes $7.5M Investment in Cauris Finance’s African fintech fund
The International Finance Corporation is evaluating a $7.5 million investment in Cauris Investment Management's Third Wave Fund to support African digital
innovation-village.com · 19 October