And we're back! Welcome to another edition of our 'This week in Tech' newsletter, where we round up all the latest in local and global tech news so you don't have to.
Ride-hailing Companies in Africa Shift Gears amid the Pandemic
On the 29th of March, the Nigerian government announced a halt on movement within Lagos, Abuja, and Ogun state, to curb the spread of COVID-19. Following this announcement, Bolt, the digital ride-hailing company formerly known as Taxify, has suspended its primary hailing service and turned to the delivery business. Femi Akin-Laguda, the country manager for Bolt states that the company's priority is supporting its workforce to continue to generate revenue safely during this lockdown. Uber is also responding to the effects of this pandemic by suspending all night pick-ups in Kenya to adhere to the curfew imposed by the government.
Notion Raises $50 Million from Index Ventures
The San-Francisco based startup that operates as a workplace productivity platform has raised $50 million from venture capital firm; Index Ventures. The company is said to have been valued at $2 billion, a significant increase from its previous valuation of $ 800 million. This news comes when many startups are reeling from the effects of the pandemic and resorting to mass lay-offs. The scramble for remote-work solutions leaves companies like Notion in a surprisingly favorable position during the COVID-19 pandemic
Nigerian Edtech Startup, Gradely, Gets Funding from Microtraction
Microtraction, a Nigerian venture capital firm targeted at technology entrepreneurs in Africa, has backed the edtech startup Gradely, making it the firm's first investment of the year. The digital learning platform aims to deliver personalized learning experiences for K-12 students within Nigeria.
Olive, the startup seeking to automate healthcare administration, raises $51 million in funding
The Ohio based startup, Olive, which specializes in automating healthcare administration, has recently acquired $51 million in funding. The seed round included investors like Drive Capital and General Catalyst. The company builds tools that automate cumbersome tasks like supply chain management, human resources and clinical administration that cause back-logs and affect efficiency.