{"id":1229338,"date":"2022-10-20T00:24:21","date_gmt":"2022-10-20T00:24:21","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/10\/20\/worlds-largest-black-led-vc-fund-leads-4m-seed-round-for-nigerian-retail-automation-startup\/"},"modified":"2022-10-20T00:24:21","modified_gmt":"2022-10-20T00:24:21","slug":"worlds-largest-black-led-vc-fund-leads-4m-seed-round-for-nigerian-retail-automation-startup","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/10\/20\/worlds-largest-black-led-vc-fund-leads-4m-seed-round-for-nigerian-retail-automation-startup\/","title":{"rendered":"World\u2019s largest Black-led VC fund leads $4M seed round for Nigerian retail automation startup \u2022"},"content":{"rendered":"<p><\/p>\n<div>\n<p id=\"speakable-summary\"><em>To get a roundup of \u2019s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT,<\/em> <em>subscribe here<\/em><em>.<\/em><\/p>\n<p>What\u2019s uuuuup, you wonderful humans. We\u2019re psyched to be reporting live from  Disrupt \u2014 without ignoring the rest of the world, natch. It\u2019s been a super fun day, and we\u2019re here to share some delightful morsels of news and shenanigans with you! \u2014 <a href=\"https:\/\/twitter.com\/ChristineMHall\" target=\"_blank\" rel=\"noopener\">Christine<\/a> and <a href=\"https:\/\/twitter.com\/haje\" target=\"_blank\" rel=\"noopener\">Haje<\/a><\/p>\n<h2>The  Top 3<\/h2>\n<ul>\n<li><strong>Go digital<\/strong>: Manual business processes were the norm, so it\u2019s understandable that stepping away from what you know can be difficult. Enter Bumpa, a Nigerian retail automation platform that wants to do the heavy lifting for companies eyeing more digital operations. Helping it along is $4 million in new capital from Base10 Partners, <a href=\"https:\/\/twitter.com\/ulonnaya\" target=\"_blank\" rel=\"noopener\">Tage<\/a> reports.<\/li>\n<li><strong>Holiday, celebrate<\/strong>: The latest Airbnb ads show you can get just about any kind of house \u2014 epic pools, sleep on the side of a mountain, you name it \u2014 so it\u2019s no surprise that vacation rental startups are popular. Case in point, Holidu grabbed $98 million in new funding to keep growing its vacation rentals business in Europe, <a href=\"https:\/\/twitter.com\/riptari\" target=\"_blank\" rel=\"noopener\">Natasha L<\/a> writes.<\/li>\n<li><strong>Delivery system<\/strong>: <a href=\"https:\/\/twitter.com\/ulonnaya\" target=\"_blank\" rel=\"noopener\">Tage<\/a> is back with another top story today, this time on MaxAB\u2019s $40 million raise. The Egyptian e-commerce platform helps facilitate the grocery store relationship with suppliers. They have made 150,000 of those connections since 2018.<\/li>\n<\/ul>\n<h2>Startups and VC<\/h2>\n<p>Nourish Ingredients, a food tech company that creates animal-free fats using synthetic biology, secured $28.6 million in Series A funding, <a href=\"https:\/\/twitter.com\/ChristineMHall\" target=\"_blank\" rel=\"noopener\">Christine<\/a> reports. The round was led by Horizons Ventures and supported by Main Sequence Ventures and Hostplus.<\/p>\n<p>The multidecade rise in healthcare costs isn\u2019t expected to reverse course any time soon. In search of a fix, Alaffia Health was founded in 2020. It\u2019s one of the startups participating in the  Disrupt Battlefield 200, and it uses machine learning to try to identify fraud, waste and abuse in healthcare claims, <a href=\"https:\/\/twitter.com\/kyle_l_wiggers\">Kyle<\/a> reports.<\/p>\n<p>And here\u2019s more from our Greatest Hits album from the past 24 hours:<\/p>\n<h2>Startup Battlefield<\/h2>\n<p>It\u2019s day two of Disrupt and that means the second day of the Battlefield competition. Twenty companies pitched in all, and here\u2019s who took the stage today:<\/p>\n<p><strong>Ally Robotics<\/strong>: The company has developed a combination hardware and software solution designed to make it easier to deploy these automated solutions for those without coding\/robotics experience.<\/p>\n<p><strong>Nat4bio<\/strong>:\u00a0Makes food-grade coating to protect fruit from microscopic threat.<\/p>\n<p><strong>Minerva Lithium<\/strong>:\u00a0Uses absorbent material to change the way we extract lithium.<\/p>\n<p><strong>Reverion<\/strong>: Has developed a way to get more electricity out of biogas and existing fuel-cell technology.<\/p>\n<p><strong>Incooling<\/strong>:\u00a0Is building servers that use liquid to cool down.<\/p>\n<p><strong>Intropic Materials<\/strong>:\u00a0Intropic helps single-use plastics decompose from the inside out.<\/p>\n<p><strong>BetterData<\/strong>: BetterData taps the blockchain to help create better synthetic data.<\/p>\n<p><strong>Labby<\/strong>:\u00a0Wants to make milk healthier and cows happier with better sensors.<\/p>\n<p><strong>Advanced Ionics<\/strong>: Is striving to drive down the price of green hydrogen by slashing how much electricity is needed for electrolysis by as much as 50%.<\/p>\n<p><strong>Kayhan Space<\/strong>: Kayhan Space is making orbit safer with timely, automatic collision warnings for satellites.<\/p>\n<p>Tune in to .com tomorrow to watch the finalists pitch one more time before a panel of judges to find out who will take home this year\u2019s Disrupt Cup and $100,000.<\/p>\n<h2>News drop from Disrupt<\/h2>\n<h2>The Great Migration and the next 10-year cycle in cloud<\/h2>\n<div id=\"attachment_2423660\" style=\"width: 1034px\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2423660\" class=\"wp-caption-text\"><strong>Image Credits:<\/strong> Tim Robberts <span class=\"screen-reader-text\">(opens in a new window)<\/span> \/ Getty Images<\/p>\n<\/div>\n<p>Now that the public cloud market has undergone a correction after years of growth, will seasoned workers look for greener pastures at smaller companies?<\/p>\n<p>According to Andy Stinnes, general partner at Cloud Apps Capital Partners, we\u2019re entering a decade-long cycle that will spark a Great Migration of talent.<\/p>\n<p>\u201cThe answer is clear once you think about it,\u201d he says. \u201cCompanies are extending cash runways, and cloud leaders are feeling that pain as they lay off parts of their teams and face even more work and pressure.\u201d<\/p>\n<p>A few more for you:<\/p>\n<p><em>+<\/em><em> is our membership program that helps founders and startup teams get ahead of the pack.<\/em><em> You can sign up here<\/em><em>. Use code \u201cDC\u201d for a 15% discount on an annual subscription!<\/em><\/p>\n<h2>Big Tech Inc.<\/h2>\n<p>Similar to our story from yesterday, <a href=\"https:\/\/twitter.com\/kyle_l_wiggers\" target=\"_blank\" rel=\"noopener\">Kyle<\/a> brings us another one about how Adobe continues to unveil new features powered by artificial intelligence, including the ability to paste objects into photos and add realistic lighting and shadows. He mentions that he\u2019s \u201cno Photoshop wizard\u201d but that Adobe told him \u201cthat compositing can be a heavily manual, tedious and time-consuming process,\u201d and the new prototype will do away with that.<\/p>\n<p>And five more for you:<\/p>\n<ul>\n<li><strong>Driving into acquisition<\/strong>: Mullen Automotive acquires ELMS for $240 million in a deal that helps out the bankrupt company, but also enables Mullen to build up to 50,000 electric vehicles each year,<a href=\"https:\/\/twitter.com\/jaclyntrop\" target=\"_blank\" rel=\"noopener\"> Jaclyn<\/a> reports.<\/li>\n<li><strong>Taking on TikTok<\/strong>: Pinterest is having a go at TikTok, of all social media platforms, by partnering with record labels so that users can add popular music to their \u201cIdea Pins.\u201d <a href=\"https:\/\/twitter.com\/sarahintampa\" target=\"_blank\" rel=\"noopener\">Sarah<\/a> has more.<\/li>\n<li><strong>Move over drivers, robots coming through<\/strong>: In a sign that the Alphabet subsidiary is ready for prime-time, Waymo tells us it plans to launch a robotaxi service in Los Angeles once it clears some regulatory hurdles,<a href=\"https:\/\/twitter.com\/kirstenkorosec\" target=\"_blank\" rel=\"noopener\"> Kirsten<\/a> writes.<\/li>\n<li><strong>Home is where the insurance is<\/strong>: Amazon is entering the home insurance marketplace game in the United Kingdom by launching an insurance comparison site, <a href=\"https:\/\/twitter.com\/indianidle\" target=\"_blank\" rel=\"noopener\">Ivan<\/a> reports.<\/li>\n<li><strong>Klarna, Klarna, Klarna, Klarna, Klarna Kameleon<\/strong>: It\u2019s been a while since we were able to use that, and it still does not disappoint. The buy now, pay later platform now has a new creator app for retailers and influencers to collaborate on features and shoppable video, <a href=\"https:\/\/twitter.com\/laurenforristal\" target=\"_blank\" rel=\"noopener\">Lauren<\/a> writes.<\/li>\n<\/ul>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>To get a roundup of \u2019s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. What\u2019s uuuuup, you wonderful humans. We\u2019re psyched to be reporting live from Disrupt \u2014 without ignoring the rest of the world, natch. It\u2019s been a super fun day, and we\u2019re here to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1229340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-1229338","post","type-post","status-publish","format-standard","has-post-thumbnail","category-celebrity-gossip"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1229338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1229338"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1229338\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1229338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1229338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1229338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}