beU Delivery Raises $300,000 from Chinese Accelerator

beU Delivery, one of the largest food delivery platforms in Ethiopia, has raised $300,000 from the China-based accelerator MiraclePlus (formerly Y Combinator China), sources told Shega.

beU secured the funding after being accepted into MiraclePlus’s Fall 2022 accelerator program. As an accelerator, MiraclePlus invests $300,000 in all selected startups and then accelerates them through a 10-week program.

Although the news has only recently become public, the investment was actually closed approximately seven months ago. Despite attempts to reach out via email, both beU Delivery and MiraclePlus did not respond to inquiries from Shega.

Last month, Hao Zheng wrote on social media, “beU delivery was funded by MiraclePlus (formerly Y Combinator China). Can vouch for its quality – some of my batch mates were the smartest founders I know.”

With the goal of helping early-stage startups really take off MiraclePlus organizes a 3-month Accelerator Program twice a…

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Raxio Data Centers Raises up to $170m Sustainability-Linked Debt Facility to Accelerate Digital Transformation in Africa

Raxio Data Centers, an African data center operator with a presence in Ethiopia, has announced that it has secured a sustainability-linked debt facility of up to $170 million to finance its data center development and expansion plans in Africa.

The financing package includes $110 million from Proparco and the Emerging Africa Infrastructure Fund (EAIF), which are both development finance institutions with a joint objective of contributing to the development of digital infrastructure in Africa.

Raxio’s current footprint covers seven countries in Africa, including Uganda, Ethiopia, Mozambique, the Democratic Republic of Congo, Côte d’Ivoire, Angola, and Tanzania.

In Ethiopia, Raxio has a...

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Gebeya Raises Pre-series A Funding from Tokyo-based VC Firm

Gebeya Inc., the SaaS-enabled, Pan-African marketplace, today announced a new investment from, a Tokyo-based VC firm,  Inclusion Japan (ICJ). The new investment aims to drive growth and innovation for Gebeya’s continuous expansion.

The undisclosed strategic investment will be used to expand Gebeya from a single two-sided tech talent marketplace to a provisioner of marketplaces under a Marketplace-As-A-Service model.

Headquartered in Addis Ababa and with offices in Kenya and Senegal, Gebeya has six years of operation and has been working to build Africa’s tech talent ecosystem through a combination of upskilling and job-creation opportunities for hundreds of working tech professionals...

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