| Date | Title | Description |
| 18.09.2025 | Wasoko co-founder Daniel Yu steps down one year after MaxAB merger | Daniel Yu, who co-founded Wasoko in 2013, is leaving his full-time role at the Kenyan B2B e-commerce company after over a decade of building it into one of Africa’s largest retail-tech startups. The move comes one year after Wasoko merged w... |
| 15.06.2025 | African E‑Commerce Super‑App MaxAB‑Wasoko Acquires Egypt’s Fatura | MaxAB‑Wasoko, the leading pan‑African retail e‑commerce and supply‑chain super‑app, has announced the acquisition of Egypt‑based B2B marketplace Fatura from EFG Finance, marking a key milestone in its mission to unify and digitally empower ... |
| 15.11.2024 | 86% of African Tech Founders Report Impact on Wellbeing – Yet 81% Enjoy the Journey | Share this:
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| 30.10.2024 | Wasoko, MaxAB taps auto executive as technical advisor as valuation soars past $500 million | After their August 2024 merger, Wasoko and MaxAB told TechCabal that they had launched new business units beyond e-commerce and the development of AI systems powering pricing, product selection, and route optimisation.
Wasoko and MaxAB, an ... |
| 29.08.2024 | The Rise of a New E-Commerce Titan in Africa | In the bustling world of African e-commerce, a seismic shift has just occurred. Wasoko, a Kenyan B2B e-commerce platform, has merged with Egypt’s MaxAB. This all-stock merger, finalized after a four-month delay, aims to create a powerhouse ... |
| 28.08.2024 | African e-commerce firms merge in expansion bid | Kenyan e-commerce firm Wasoko and Egyptian counterpart MaxAB completed an all-stock merger, creating a firm that will sell essentials to more than 450 000 merchants in eight African countries.
The move provides a single platform for both fi... |
| 27.08.2024 | Wasoko, MaxAB finalise “category king” merger | After a four-month delay, Wasoko, a Kenyan B2B e-commerce platform, has completed an all-stock merger with Egypt’s MaxAB. The merged entity will have a new name, which the company declined to share, citing a rebranding process which will so... |
| 24.06.2024 | A New Report By Lucidity Insights In Partnership With Entrepreneur Middle East Takes A Deep Dive Into Egypt's Startup And Investor Ecosystem Egypt is the MENA's most populous country, Africa's third m... | This month, Lucidity Insights partnered with Entrepreneur Middle East to publish a comprehensive special report looking at Egypt's startup and investor ecosystem titled, Investing in Egypt's Startup Ecosystem in 2024. The special report loo... |
| 22.12.2023 | Two of Africa’s largest B2B e-commerce platforms, MaxAB and Wasoko, in merger talks | Egyptian B2B e-commerce startup MaxAB and Wasoko, a Kenya-based e-commerce player with operations in Tanzania, Rwanda, Uganda and Zambia, are in talks to merge operations, TechCrunch has exclusively learned from multiple sources. TechCrunch... |
| 11.10.2023 | Data snapshot: Macro-headwinds put Africa’s normally resilient supply chain startups to the test | Data snapshot is a regular AgFunderNews feature in which we analyze agrifoodtech market investment data provided by our parent company, AgFunder.
Click here for more research from AgFunder and sign up to our newsletters to receive alerts ab... |
| 27.09.2023 | Data snapshot: the largest funding rounds of the decade for Africa agrifoodtech | Data snapshot is a regular AgFunderNews feature in which we analyze agrifoodtech market investment data provided by our parent company, AgFunder.
Click here for more research from AgFunder and sign up to our newsletters to receive alerts ab... |
| 14.09.2023 | NEW REPORT: African agrifoodtech startups face headwinds as VC funding drops sharply from record-breaking 2022 | Disclosure: AgFunder is the parent company of AgFunderNews.
There’s no denying 2023 has been a gloomy year so far for agrifoodtech financing in Africa — as is the case in most other markets around the world.
Africa’s food and agriculture te... |
| 19.04.2023 | Digitizing the supply chain drove investment increase in African agrifoodtech in 2022 | Data Snapshot is a regular AFN feature analyzing agrifoodtech market investment data provided by our parent company, AgFunder.
Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new research re... |
| 20.03.2023 | Next Wave: The hard limits of retail digitalisation in Africa
TechCabal’s 2021 Year-End report
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This essay is a contribution from Chernay Johnson (director of research, DFS Lab).
Africa’s $1.4 trillion retail market is a massive opportunity. The largest raw economic opportunity in serving consumers are those ea... |
| 26.10.2022 | MaxAB has raised a $40 million in pre-series B equity funding | MaxAB, a B2B e-commerce and distribution platform for food and grocery products that serves a network of conventional merchants in Egypt and Morocco, has announced the closing of a $40 million pre-series B equity transaction to support its ... |
| 20.10.2022 | The Week in Agrifoodtech: new investments in alternative fat, Kroger buying Albertsons, Beyond Meat cuts 200 jobs | This week saw two new investments in startups making alternative fat products: Australia’s Nourish Ingredients and UK-based Hoxton Farms. Kroger announced plans to buy fellow grocery giant Albertsons and precision spraying startup Smart Ass... |
| 19.10.2022 | MaxAB, an Egyptian B2B e-commerce platform for food and grocery supplies, nabs $40M | Last year, MaxAB, the food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, raised its $55 million Series A in two tranches; the latter accompanied its acquisition of ... |
| 19.10.2022 | Egyptian B2B ecommerce startup, MaxAB, raises $40 million pre-Series B | MaxAB, an Egyptian B2B e-commerce marketplace that connects food and grocery retailers to suppliers in Egypt and Morocco, has announced that it has raised a $40 million pre-Series B. The funding will be used to fuel its expansion across the... |
| 19.10.2022 | MaxAB raises $40m to fuel growth, regional expansion | MaxAB, a food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, has announced the close of a $40 million pre-series B equity round to fuel its expansion across the MENA... |
| 19.10.2022 | MaxAB raises $40M to fuel growth and regional expansion | Share this:
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| 19.10.2022 | MaxAB raises $40m to fuel growth, regional expansion | MaxAB, a food and grocery B2B e-commerce and distribution platform serving a network of traditional retailers across Egypt and Morocco, has announced the close of a $40 million pre-series B equity round to fuel its expansion across the MENA... |
| 05.10.2022 | Data Snapshot: African agrifoodtech entrepreneurs and investors are focusing on the supply chain | Data Snapshot is a regular AFN feature analyzing agrifoodtech market investment data provided by our parent company, AgFunder.
Click here for more research from AgFunder and sign up to our newsletters to receive alerts about new research re... |
| 02.12.2021 | Investors are clamoring for a slice of Egypt’s B2B logistics tech scene | With all the news of global supply chain challenges, it’s no wonder logistics and last-mile delivery services have become such big business in the agrifoodtech world. In Cairo, a city of 21 million people, it’s not just big: it’s huge.
“[We... |
| 26.08.2021 | Rise Capital : Maxab Gets an Extra $15m, Acquires Yc-Backed Moroccan Startup Waystocap | Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent, to the tune of $40 million. Today, it has raised a $15 million extension from existing inve... |
| 26.08.2021 | DEAL: Egyptian B2B food startup, MaxAB raises $15 million in series A extension | --> -->
Last month, MaxAB Egypt’s leading wholesale food and grocery B2B ordering app raised $40 million in Series A. The company has now raised a $15 million extension from existing investors bringing its total Series A to $55 millio... |
| 26.08.2021 | MaxAB, an Egyptian eCommerce platform, has received a $15 million Series A funding round and has acquired Morocco-based WaystoCap | MaxAB, an Egypt-based eCommerce platform, has announced the closure of its Series A investment and the purchase of WaystoCap, a YC-backed B2B, eCommerce, and distribution platform based in Morocco.
Existing investors RMBV, IFC, Flourish Ven... |
| 25.08.2021 | Egyptian eCommerce platform, MaxAB, gets $15m Series A extension, acquires Morocco-based WaystoCap | Following one of the largest Series A in the MENA region, Egyptian B2B eCommerce platform, MaxAB, has announced an additional $15m funding and the acquisition of Moroccan eCommerce startup, @WaystoCap. |
| 25.08.2021 | MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap | Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the largest Series A on the continent, to the tune of $40 million. Today, it has raised a $15 million extension from existing inve... |
| 25.08.2021 | Egyptian eCommerce platform, MaxAB, gets $15m Series A extension, acquires Morocco-based WaystoCap | Share this article:
On the heels of $40 million Series A in July — one of the largest fundings in the Middle East and North Africa (MENA) region — Egypt-based Business to Business (B2B) eCommerce platform, MaxAB, has announced getting $15 m... |
| 25.08.2021 | MaxAB extends Series A to $55M, largest ever by an Egyptian startup | MaxAB, an Egyptian eCommerce platform that serves food and grocery retailers, has raised an additional $15M from existing investors bringing its total Series A funding to $55M, the largest ever by an Egyptian startup.
In addition, it announ... |
| 25.08.2021 | MaxAB Acquires Morocco’s WaystoCap to scale and raises $15M Series A | Share this:
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| 10.07.2021 | VCBay Weekly News Roundup – Ecommerce startups MaxAB, Furlenco and many others raise fresh funding | Welcome to VCBay Weekly News Roundup. Here are some important developments in the startup space and major funding rounds this week – |
| 06.07.2021 | Egypt’s MaxAB closes USD 40 million Series A to fuel expansion of B2B e-commerce platform | Cairo-headquartered B2B e-commerce platform MaxAB has raised USD 40 million in its Series A round led by RMBV, a North Africa-focused impact investor, it announced in a statement. The deal also included the participation of IFC, Flourish Ve... |
| 06.07.2021 | MaxAB, an Egyptian B2B e-commerce platform, has raised $40 million in a Series A round of funding. | MaxAB, an Egyptian B2B e-commerce platform for food and grocery stores, has raised $40 million in a Series A round led by RMBV, a well-known North African impact investor.
The IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, an... |
| 06.07.2021 | Egypt-based e-commerce marketplace MaxAB raises US$ 40M | MaxAB, an Egypt-based B2B e-commerce marketplace that connects food and grocery retailers to suppliers, raised US$ 40 million in a Series A funding round on 5 July 2021. |
| 05.07.2021 | Egypt’s MaxAB closes $40 million Series A to expand its inventory delivery platform | MaxAB, a Cairo-based startup that helps small retailers in the country procure inventory for their stores, on Monday announced that it has closed $40 million in Series A funding.
The startup makes procurement easy for retailers, who traditi... |
| 05.07.2021 | Egyptian eCommerce startup, MaxAB, raises $40m Series A to accelerate expansion | After its seed round in September 2019, Egyptian MaxAB has raised a $40 million Series A round to expand, grow its team, and add supply chain and finance solutions to newly launched business verticals. |
| 05.07.2021 | Cairo-based MaxAB raises $40 million in Series A round | MaxAB a B2b e-commerce startup serving food & grocery retailers has successfully raised a stellar $40M in series A round. The round was led by RMBV and was in participation with IFC, Flourish Ventures, Crystal Stream Capital, Rise Capit... |
| 05.07.2021 | Egyptian eCommerce startup, MaxAB, raises $40m Series A to accelerate expansion | Share this article:
After its seed round in September 2019, Egyptian MaxAB has raised $40 million in Series A round to accelerate expansion. This round brings investments in the company to $45 million.
This round was led by RMBV, a prominen... |
| 05.07.2021 | Egyptian B2B e-commerce platform MaxAB has raised $40M Series A | Share this:
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| 05.07.2021 | MaxAB, the Egyptian B2B food and grocery delivery startup, raises $40M for expansion | Globally, food and grocery delivery startups have been raising mega-rounds of late, especially those in Europe as the pandemic has given rise to more people ordering online more than ever. This growth has translated to an increase in volume... |
| 17.03.2020 | Asia drives $786m global investment in Agribusiness Marketplaces last year | Alternative protein gets plenty of limelight in the agri-foodtech arena nowadays. But there are startups from outside the “fake meat” craze that are having just as big an impact on the global ecosystem.
Agribusiness marketplaces are one suc... |
| 24.12.2019 | Are these the 10 biggest deals by African tech startups in 2019? | Big money. That’s what African 86 tech startups raised this year.
While not every startup wanted to disclose how much they raised, those that did made a ton of it — almost $290-million going on data from 88 venture capital (VC) disclosed de... |
| 24.12.2019 | Are these the 10 biggest deals by African tech startups in 2019? | Big money. That’s what African 86 tech startups raised this year.
While not every startup wanted to disclose how much they raised, those that did made a ton of it — almost $290-million going on data from 88 venture capital (VC) disclosed d... |
| 29.11.2019 | Why the VC sector has taken off in Egypt in 2019 | Earlier this week indoor advertising platform Adzily raised $12.2-million in funding from a Saudi investor in what’s likely the second biggest venture capital (VC) deal to have been announced involving an Egyptian startup in 2019.
The bigg... |
| 29.11.2019 | Why the VC sector has taken off in Egypt in 2019 | Earlier this week indoor advertising platform Adzily raised $12.2-million in funding from a Saudi investor in what’s likely the second biggest venture capital (VC) deal to have been announced involving an Egyptian startup in 2019.
The bigge... |
| 27.11.2019 | Egyptian advertising platform Adzily raises $12.2m | Egyptian indoor advertising platform Adzily has raised a $12.2-million investment from Saudi investment firm Tharawat Holding Company.
Adzily uses a network of digital display screens placed in cafes, gyms and restaurants.
Tech publicatio... |
| 27.11.2019 | Egyptian advertising platform Adzily raises $12.2m | Egyptian indoor advertising platform Adzily has raised a $12.2-million investment from Saudi investment firm Tharawat Holding Company.
Adzily uses a network of digital display screens placed in cafes, gyms and restaurants.
Tech publication ... |
| 02.10.2019 | BECO Capital closes $100m MENA-focused tech startup fund | Dubai-based early-stage venture capital (VC) firm BECO Capital has announced it has closed a capital raise for a $100-million Middle East and North Africa (MENA) focused tech startup fund, BECO Fund II.
The VC said in a statement today that... |
| 02.10.2019 | BECO Capital closes $100m MENA-focused tech startup fund | Dubai-based early-stage venture capital (VC) firm BECO Capital has announced it has closed a capital raise for a $100-million Middle East and North Africa (MENA) focused tech startup fund, BECO Fund II.
The VC said in a statement today tha... |
| 26.09.2019 | Egypt-based MaxAB secures $6.2 Million to foster Cross-Border Expansion in North Africa | MaxAB—an Egyptian B2B e-commerce marketplace has secured $6.2 million funding to foster cross-border expansion in Egypt and North Africa within two years. The funding round was co-led by Beco Capital, 4DX Ventures, and Endure Capital, with ... |
| 25.09.2019 | Egyptian B2B e-commerce platform MaxAB nets over $6m | Cairo-based B2B e-commerce marketplace MaxAB announced today that it has closed a $6.2-million seed round.
MaxAB said in an earlier statement that the round was co-led by Beco Capital, 4DX Ventures and Endure Capital with the participation... |
| 25.09.2019 | Egyptian B2B e-commerce platform MaxAB nets over $6m | Cairo-based B2B e-commerce marketplace MaxAB announced today that it has closed a $6.2-million seed round.
MaxAB said in an earlier statement that the round was co-led by Beco Capital, 4DX Ventures and Endure Capital with the participation ... |
| 25.09.2019 | MaxAB raises $6M seed round to optimize Egypt’s B2B grocery markets | Cairo-based startup MaxAB looks to optimize the supply-chain network for Egypt’s food and grocery retailers.
The B2B e-commerce company raised a $6.2 million seed-investment co-led by Beco Capital and 4DX Ventures. Others co-leaders include... |
| 25.09.2019 | MaxAB an Egyptian B2B e-Commerce marketplace Closes $6.2 Million Seed Round | Share this:
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| 26.03.2019 | Africa-focused VC fund Outlierz Ventures announces first five investments | Morocco-based venture capital (VC) fund Outlierz Ventures has announced the names of the first five startups the fund has invested in.
The VC fund, which targets early-stage investments, was founded in 2017 by managing partner Kenza Lahlou... |
| 26.03.2019 | Africa-focused VC fund Outlierz Ventures announces first five investments | Morocco-based venture capital (VC) fund Outlierz Ventures has announced the names of the first five startups the fund has invested in.
The VC fund, which targets early-stage investments, was founded in 2017 by managing partner Kenza Lahlou ... |
| - | MaxAB has raised a $40 million in pre-series B equity funding | MaxAB, a B2B e-commerce and distribution platform for food and grocery products that serves a network of conventional merchants in Egypt and Morocco, has announced the closing of a $40 million pre-series B equity transaction to support its ... |
| - | MaxAB, an Egyptian eCommerce platform, has received a $15 million Series A funding round and has acquired Morocco-based WaystoCap | MaxAB, an Egypt-based eCommerce platform, has announced the closure of its Series A investment and the purchase of WaystoCap, a YC-backed B2B, eCommerce, and distribution platform based in Morocco.
Existing investors RMBV, IFC, Flourish Ven... |
| - | Pan-African Network Provider MainOne expands Its Data Centre to Accra, Egypt-based MaxAB secures $6.2 Million to foster Cross-Border Expansion in North Africa and More | Hello!
Welcome to today’s edition of the Big 5 Daily!
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Have fun!
Have you heard? Pan-African network provider MainOne has expanded MDXi Data Centre to Accra, Ghana. This new facility will attend to the demand for colocation an... |
| - | MaxAB, an Egyptian B2B e-commerce platform, has raised $40 million in a Series A round of funding. | MaxAB, an Egyptian B2B e-commerce platform for food and grocery stores, has raised $40 million in a Series A round led by RMBV, a well-known North African impact investor.
The IFC, Flourish Ventures, Crystal Stream Capital, Rise Capital, an... |
| - | MaxAB | “The Region's Leading Retailer Super App At MaxAB, we change how the supply chain works through our B2B food & grocery e-commerce platform At MaxAB, we change how the supply chain works through our B2B food” |
| - | Egypt-based MaxAB secures $6.2 Million to foster Cross-Border Expansion in North Africa | MaxAB—an Egyptian B2B e-commerce marketplace has secured $6.2 million funding to foster cross-border expansion in Egypt and North Africa within two years. The funding round was co-led by Beco Capital, 4DX Ventures, and Endure Capital, with ... |
