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Kenya-based aquaculture tech Victory Farms nets $5M funding to expand into new markets

TechCrunch

In 2015, Rehmann teamed up with his longtime business partner Steve Moran to explore Lake Victoria and perform some feasibility studies on how they could use technology to disrupt the country’s cold chain markets. They raised an angel round to start Victory Farms before launching in mid-2016 to serve a market with about a $1.5

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YC W22 batch nets 24 African startups, including 18 from Nigeria

TechCrunch

Quick thoughts : Off the back of DoorDash’s IPO, Y Combinator seems set on replicating that success in other markets, including Africa, where the likes of Glovo and Jumia Food are ramping up efforts to grab market share. ” Founders : Henry Mascot started a company in 2017 to help hospitals digitize records.

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Fetcherr raises $12.5M to dynamically price airfare with algorithms

TechCrunch

Roy Cohen believes that there’s a severe underinvestment in tech within the airline industry, with airlines continuing to rely on legacy systems and outdated infrastructures that date back decades. “Fetcherr predicts demand using real-time, sophisticated models and automatically provides pricing recommendations.”

Airlines 184
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Mushroom protein company Meati Foods opens ‘mega’ facility; closes $22M in new funding

TechCrunch

Tyler Huggins, co-founder and CEO of Meati Foods, told TechCrunch that the company wasn’t actively seeking additional capital, but had decided to keep the Series C round open due to additional investor interest. Will it lead to marketability? In addition, he plans to get Meati products into 7,000 doors by the end of the year.

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Nigeria’s Indicina raises $3M to help businesses offer credit to their customers at scale

TechCrunch

For years, Africa’s credit infrastructure has lagged behind the rest of the world due to low credit coverage from its bureaus. But while big corporates and high net worth individuals have no issues accessing loans from banks in Nigeria, retail and SME segments are somewhat neglected at scale. Image Credits: Indicina.

Banking 216
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Covid-19 Accelerates The Need for Retail, Manufacturing Supply Chains To Adapt – Part 2

Cloudera

Physical retail stores – Expect retailers to optimize space allocations moving away from a reactive to a more proactive supply chain design approach rooted in deep, layered real-time data that supports sophisticated decision making. Long term impact on retailers. Brent Biddulph: .

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The biggest moonshots in YC’s S22 batch

TechCrunch

Numi’s products are still in development, but the company is already boasting about a moonshot-sized goal — to capture 30% of the seafood market in 10 years. Optimization problems might sound like an odd market around which to build a company. hospital systems. Perhaps there is a venture market for the future of flight.