We recently invested in Lami, an insurtech startup which embeds insurance into existing digital infrastructure to increase insurance penetration across Africa. Shutterstock/ArtemisDiana Insurance market penetration remains low in Africa at less than 3% in 2019, with GWP per capita 11 times lower than the world average. This is despite the increasing financial [...]
Newtown Partners via the Imperial Venture Fund has invested in the US-based trucking SaaS platform, BeyondTrucks. This undisclosed round of venture financing marks an increase in investment depth into the US trucking landscape. Shutterstock/PopTika Traditional trucking companies face the following challenges: Lack of digitalization in trucking payments processes The cost of inefficiencies and [...]
We recently invested in Waspito, a Cameroon-based digital health platform on a big mission to drive affordable and accessible quality healthcare across the African continent. The $2.7m oversubscribed Series Seed round of venture financing via the Imperial Venture Fund further expands Imperial’s investment scope within Francophone West Africa to augment its market access and [...]
Newtown Partners via The Imperial Venture Fund has invested in Egypt-based pharmacy benefits platform Chefaa in an undisclosed round of venture financing, marking an expansion of its healthtech investment breadth into the MENA region. Shutterstock/LeoWolfert Chefaa is an asset-light, digital e-pharmacy and pharmacy benefits platform that enables access and direct distribution to [...]
Newtown Partners portfolio company, Haulio, announced raising $7M in Series A equity financing. Shutterstock/Travel mania Haulio is a Singaporean asset-light managed marketplace for booking first-mile logistics and drayage services in the ASEAN region. Haulio has developed a sophisticated technology stack that digitizes the first-mile logistics process through a haulage management platform that connects shippers with [...]
Newtown Partners portfolio company, Clockwork Logistics, today announced raising $5.5m in Seed equity financing. Shutterstock/KAMONRAT Clockwork creates a single source of truth and actionable visibility into the first-mile pickup and final mile delivery, including drayage. Clockwork achieves this single source of truth by combining a simple truck driver application with a software [...]
Newtown Partners portfolio company, Portcast, today announced raising $3.2m in Pre-Series A equity financing. Portcast is a Singapore-based SaaS platform that enables freight forwarders and shippers to improve profitability through real-time vessel and container tracking and dynamic demand forecasting. Portcast learns from public and proprietary datasets and provides accurate, frequent, and granular predictive analytics. [...]
When large organizations set aside a pool of capital to be deployed over many years as equity investments into startups, we call this corporate venture capital or corporate VC. These programs are typically expected to generate attractive financial returns over their lifetime, but the underlying investments are expected to have strategic relevance to the [...]
Newtown Partners portfolio company, Shypple, today announced its acquisition of perishable goods freight forwarder, Milestone. Shypple is a digital freight forwarding service operating since 2016, now connecting more than 3,000 companies. The technology-driven Shypple platform provides organizations with end-to-end transparency and control over their entire supply chain, increasing efficiency, minimizing errors, and optimizing global [...]
