Early-stage VC firm Launch Africa Ventures has made its 100th investment, making it probably the most active investor in African tech startups, and closed its first fund at US$36.3 million.
At $4+ billion revenue, Shopify is big but not Big Tech. But it’s taking a page from the Big Tech playbook with Audiences, which will aggregate customer behaviors from participating merchants to develop target audiences that can then reached through Facebook and LinkedIn. The new feature will help to overcome the loss in targeting capabilities resulting from Apple’s tighter privacy rules.
Egyptian startup DXwand, an omnichannel conversational AI and digital assistant tool, that easily helps businesses turn conversations into growth insights, has closed a pre-Series A funding round of US$1 million to expand across the region and accelerate its AI research.
Salesforce has reversed course on its bid to acquire data management and integration platform Informatica a source has told Reuters. Informatica itself said that it is not in talks to be acquired. Salesforce stocks rose on this latest news while Informatica’s fell.