Microtraction hits $15M first close on its second fund for pre-seed investment in African startups

Microtraction, an early-stage venture capital firm that invests in African startups at the pre-seed stage, is announcing that it has reached the first close of its second fund, Microtraction Community Limited. The fund doesn’t have a set target at the moment, the founding partners told TechCrunch, but

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Paris-based Koolboks closes $2.5M seed round to scale solar refrigeration across Africa

The power grid supply in Africa is erratic and inconsistent, affecting rural and urban households and businesses. For restaurants or neighborhood stores dealing with perishables, frozen foods and beverages, having intermittent electricity inhibits the growth of their businesses. Some of them turn to diesel-fueled generators, which are

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