South African aerospace startup Cloudline has secured $6 million in funding as it aims to lead the global frontier of carbon emissions-free autonomous flight.
Schmidt Futures, the philanthropic venture founded by ex-Google CEO Eric Schmidt and Wendy Schmidt, is an investor in the seed round.
Working in East Africa, notably in Kenya and Uganda, highlighted the substantial impact of infrastructure on people’s lives.
The following year, Horne founded Cloudline at the intersection of technology, transportation and its implications on community outcomes.
Earlier in the year, Cloudline performed proving flights for authorities in Kenya, marking it as the first airship to fly in East Africa.
TUNL, a South African parcel shipping platform, has secured $1 million in pre-seed funding from investors, including Founders Factory Africa, Digital Africa Ventures, E4E Africa, and Jozi Angels.
The current challenges in cross-border shipping cost African businesses an estimated $50 billion annually in missed opportunities.
TUNL’s founders identified a recurring issue among small- and medium-sized South African merchants during the pandemic: Shipping costs sometimes surpassed the value of their products.
On the TUNL platform, merchants offer customers various shipping options during checkout.
South Africa is known for its wine industry, with exports reaching 368.5 million liters last year.
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AfCFTA creates the largest unrestricted trade region in the world, providing a major opportunity for Africa to become a thriving trading hub. Success will depend on how quickly infrastructure investments…
Africa’s startup market defied the global venture funding decline in H1 2022, doubling its total from the previous year to $3 billion. However, VCs tightened their purse strings later in…
