ProXalys, Tyme, Chari, Reliance Health, BasiGo, Mecho and Thndr. These are some of the names that made the headlines this week.
Reliance Health, a Lagos/Texas-based digital healthcare provider, during the week, announced closing a $40 million Series B round.
Also, Mecho Autotech, a Nigerian vehicle repair and maintenance firm, closed a US$2.15 million seed funding round.
Let’s get into details.
ProXalys wants to scale up the retail-tech model. During the week, the Senegal-based retail-tech startup closed a US$150,000 in pre-seed funding.
The raiser, according to a report by Ridwan Adelaja, comes as the startup sought to expand across the country and other West African regions.
ProXalys is described as a digital transformational startup in the B2B commerce, with claims to modernise and empower Senegal’s informal traders, as it seeks to digitise the entire value chain and reinventing supply chain processes.
Africa ticked another endorsement box. Global Endeavor network has accepted South Africa’s Tyme and Morocco’s Chari into its accelerator programme, Ripples Nigeria reports.
The accelerator, which is designed to accelerate selected startups, will help startups gain access to various support services to help their companies scale.
The Endeavor initiative will catalyse long-term economic growth by selecting, mentoring, and accelerating the best high-impact entrepreneurs worldwide.
The world is taking mental health seriously. Leading Korean startup, Atommerce, raised a $16.7 million Series B to scale its venture, Ridwan Adelaja reports.
By venture, the startup helps users connect with mental health professionals via a mobile app: MiNDCAFE.
The Seoul-based startup offers a virtual therapy program and a mental health benefits solution for employers