Gorillas to acquire Frichti in latest instant grocery consolidation

German startup Gorillas has announced that it plans to acquire Frichti, a French startup that delivers both ready-to-eat meals and groceries. The acquisition hasn’t closed just yet but both companies have entered exclusive discussions. “We don’t share details about the deal itself, especially as it isn’t completely signed,” Frichti co-founder and co-CEO Julia Bijaoui told … Read more

Cana Technology raises glass to new capital as it readies beverage printer for market

Following nearly four years in the prototype phase, Cana Technology is unveiling what it calls the “world’s first molecular beverage printer” after securing $30 million in funding from venture foundry The Production Board. If you’re wondering exactly what this might be, it’s basically a SodaStream meets a computer printer. The smart connected device is about … Read more

Nourish + Bloom Market, first Black-owned, autonomous grocery, opens in Atlanta

Contactless grocery store Nourish + Bloom Market opened to the public Friday in Trilith’s Town Centre retail district in Atlanta. Husband-and-wife entrepreneurs Jamie and Jilea Hemmings started the grocery store and bistro to offer over 1,000 locally sourced, healthy food products, including produce, meats, baked goods, dairy and prepared meals. The Hemmings began their startup … Read more

Paris-based VC firm Partech unveils Chapter54 accelerator to help European startups cross into Africa

Partech Shaker, the innovation division of the Paris-based VC firm Partech, has launched an accelerator program christened Chapter54 to help European startups launch in African markets. The accelerator will take in 10 technology startups annually over the next four years for the Chapter54 program, which will last up to eight months. Application for the inaugural … Read more

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

Multinationals like Amazon and Alibaba have leveraged logistics infrastructure such as UPS and FedEx to create large businesses. It’s not the same in Africa, where few third-party infrastructure players exist to provide end-to-end logistics to e-commerce companies. PAPS, a Senegal-based logistics and delivery company, is filling this gap in its region by offering customers various logistics … Read more

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

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 … Read more