News

Ghanaian startup Wingxtra has joined FasterCapital’s EquityPilot programme to help it scale its cargo drone service. Wingxtra builds high‑payload, GPS‑navigated delivery drones capable of carrying up to 10kg of cargo with redundant navigation and safety systems.

Revspot has raised $4.8 million in a Series A funding round co-led by Inflexor Ventures and Info Edge Ventures. The round also saw participation from Pentathlon Ventures, Silicon Road Ventures and existing investor Titan Capital.

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The fusion power startup Thea Energy told TechCrunch Monday that it has received a $20 million award from ARPA-E to help manufacture its modular high-temperature superconducting (HTS) magnets.

Ferns N Petals (FNP), an omni-channel gifting and floral retail company, is planning to go public by the end of 2028 as it looks to accelerate its expansion plans and pursue acquisitions, according to Reuters.

Bengaluru-based building materials quick commerce startup Fixxly has raised $5.5 million in a seed funding round from Accel, Fireside Ventures and Lightspeed India Partners.

The most successful entrepreneurs, freelancers, and professionals in Africa today have one thing in common: they are not everywhere. They are in the right communities — where their visibility turns into customers, their network turns into funding, and their profile turns into credibility.

From established global networks like LinkedIn to Africa-focused ecosystems such as VC4A and emerging platforms like AfriWallStreet, these platforms are helping shape a more connected and competitive business landscape for the continent.

Pitchwise is a document-sharing and virtual data room platform that enables African founders, dealmakers, and teams to share pitch decks, data rooms, and other sensitive documents through a single link.

On Tuesday, the AI company Recursive Superintelligence announced a $410 million compute deal with Amazon Web Services. The company, which emerged from stealth in May with $650 million in funding

Prince Al Waleed bin Talal Al Saud, a member of the Saudi royal family, has purchased a 5% stake in Lucid Motors, increasing the Kingdom’s overall ownership of the electric vehicle company.

FIFA confirm highly controversial plans to form FIFA Forward Enterprise (FFE), a new body that would oversee commercial rights and operational delivery. It requires private stakeholders and funding. UEFA are strongly opposed, viewing it as FIFA President Gianni Infantino selling stakes in the game.