Senegalese logistics and delivery company PAPS raises $4.5M led by 4DX Ventures and Orange

PAPS, a Senegal-based logistics and delivery company, filling the logistics gap in e-commerce in its region has announced that it has raised a $4.5 million pre-Series A round to expand its tech-enabled logistics solution across the Francophone region. The round was co-led by pan-African venture capital firm 4DX Ventures and regional telecom operator Orange. Participating investors include existing funds Uma Ventures and Saviu Ventures and new investors Yamaha Motor, LoftyInc Capital, Proparco, Google Ventures,, Kepple Ventures and Enza Capital.

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Cloud Migration Has a Non-Silver Lining: Reports

January 20, 2022

Here’s a trio of surprisingly consistent reports on the dark side of cloud computing. Dynatrace finds that companies are struggling to multi-cloud environments; Nutanix reports pretty much the same thing; and Stacklet says that governance is a “significant inhibitor” to cloud adoption. Of course, all three companies are selling solutions to the problem, but this still suggests that IT departments are finding cloud migrations are not as easy as they once seemed.

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Kenyan e-commerce company Copia Global raises $50M to ramp up African expansion

January 20, 2022

Kenyan B2C e-commerce company Copia Global has raised $50 million in a Series C equity round led by Goodwell Investments. The new financing round welcomed new investors such as Zebu Investment Partners, the U.S. International Development Finance Corporation (DFC), and Koa Labs, as well as past investors Lightrock, German development finance institution DEG, and Perivoli Innovations.

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