Shekel Mobility, a B2B marketplace for auto dealers in Africa, raises US$7M led by Ventures Platform and MaC VC

Shekel Mobility, a B2B auto dealers marketplace, has secured over US $7 million in funding, with US$3.2 million in equity and over US$4 million in debt. The YC-backed startup focuses on offering affordable financing and business solutions tailored for car dealers in Africa, aiming to help small dealers with daily transactions and keep costs down.

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SA insurtech startup Pineapple secures US$21.3M Series B

November 16, 2023

South African insurtech startup Pineapple has raised ZAR400 million (US$21.3 million) in Series B funding to boost its growth. The round was led by new investors Futuregrowth, Talent10, and MIC. Existing investors, including Old Mutual ESD, Lireas Holdings, ASISA ESD Fund, and E4E Africa, also participated. Pineapple’s innovative approach and robust growth, coupled with sustainable claims ratios surpassing industry standards, attracted investor support.

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Customer Data Platform Industry Adds New Vendors: CDP Institute Report

July 12, 2024

Software vendors continued to add Customer Data Platform (CDP) capabilities to existing systems in the first half of 2024, according to the CDP Institute’s latest Industry Update report.  Nearly all of the dozen companies appearing in the report for the first time started as marketing or messaging applications and added CDP capabilities after they were built.  These firms accounted for most of the industry growth during the report period.

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