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South African talent marketplace OfferZen gets $5.2M to deepen European expansion

South African tech talent marketplace OfferZen which is one of the beneficiaries of the growing global demand for tech workers, has raised €4.5 million ($5.07 million) in Series A funding from South African investment company Base Capital.

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GreenTec Capital Partners invests in Nigerian mobility, logistics startups

December 2, 2021

Germany-based VC firm GreenTec Capital Partners has announced undisclosed investments in two Nigerian startups – inter-city transport company T40 and logistics platform ShapShap. GreenTec has invested in a host of African startups, including Kenyan AI startup SuperFluid Labs, Nigerian logistics startup Parcel-it, Kenyan insurtech platform Bismart, Ivory Coast-based waste management startup Coliba, Kenyan logistics platform Amitruck, and Nigerian e-commerce startup Pricepally.

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CIAM Vendor Ping Identity Bought for $2.8 Billion by Private Investors

August 5, 2022

CIAM (Customer Identity and Access Management) was once largely about managing employee access to company systems, but it’s increasingly applied to consumer log-ins and identities as well.  This creates an overlap with the identity management systems more traditionally used for customer data.  The expanded market helps to explain why private investor Thoma Bravo just paid $2.8 billion for CIAM vendor Ping Identity, a 60% premium of its most recent stock price and just under 10x revenue.

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