Startups and up-scalling
Amitruck raises $4 million for scaling into Uganda and Tanzania
Frankfurt (Germany) and Nairobi (Kenya), February 2022. GreenTec Capital is very pleased to report that Amitruck, our Kenya-based logistics-tech portfolio company, has closed a US$4 million seed round. Amitruck will use the funds to bolster its operations, technical, and sales teams supporting its expansion in East Africa. The funding round was led by Better Tomorrow…
Amitruck selected for Google’s Black Founders Fund
Frankfurt (Germany) and Nairobi (Kenya), October 2021. We are very pleased to report that our Kenyan logistics-tech start-up Amitruck has been selected for Google for Startups Program’s newly launched Black Founders Fund. The $US 3 million facility has selected 50 start-ups from across Africa to receive the equity-free funding as a part of Google’s racial…
Pricepally Launches New Mobile Apps and Website, and will Expand Operations to Abuja
Frankfurt, Germany & Lagos, Nigeria, Sept., 2021. GreenTec Capital is pleased to share that our Nigerian portfolio company, Pricepally, has launched new mobile apps and website, and will expand operations into Nigeria’s capital city, Abuja. Pricepally is a digital food cooperative that connects farmers directly to end buyers who are able to buy fresh produce…
The Beer Garage Accelerator Program of AB InBev Selected Amitruck to Join its 2021 Accelerator Program
Frankfurt (Germany) & Nairobi (Kenya), August, 2021. GreenTec Capital is proud to share that our Kenya-based logistics-tech portfolio company, Amitruck, has been selected to join the Africa edition of the Beer Garage Accelerator Program of AB (Anheuser Busch) InBev. The Beer Garage Accelerator focuses on solving complex real-world business problems for the AB InBev ecosystem, …
Boreal Light GmbH opened first of 28 Solar Water Desalination Systems in Kenyan Hospital
Mombasa (Kenya) & Frankfurt (Germany), June, 2021. GreenTec Capital Partners is very proud to announce that Boreal Light GmbH opened its first of 28 planned solar water desalination systems in Kenyan hospitals. Boreal Light developed and builds the independent desalination systems to operate in “off-grid” areas. Dr. Hamed Beheshti, CEO of Boreal Light said “The…
Amitruck secures pre-seed funding for East African growth
Frankfurt (Germany) and Nairobi (Kenya), February 2021. GreenTec is pleased to report that Amitruck has announced significant undisclosed, pre-seed investments from two US based investment firms, Dynamo Ventures and Plug and Play Ventures, as well as from several other angel investors. Amitruck, founded in Nairobi, Kenya in 2018, has continued to grow very quickly showing…