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Renda, which provides order fulfillment for businesses in Africa, takes in $1.9M

Renda, which provides order fulfillment for businesses in Africa, takes in $1.9M

The logistics industry in Nigeria, like any informal sector, struggles with poor infrastructure and other inefficiencies, making it difficult for businesses — both large and small — to move and store goods. Many startups have tackled middle-mile and last-mile delivery challenges, but one untapped area is providing an end-to-end fulfillment solution. Renda, a three-year-old startup,…

Chicago-based Hyde Park Venture Partners closes $98M Fund IV with two investments made so far

Chicago-based Hyde Park Venture Partners closes $98M Fund IV with two investments made so far

Midwest venture capital firms might always play catch-up to the coasts, but that’s not stopping some firms from pulling in nice-sized funds to support startups in their local ecosystems and overall region. Despite being so-called “fly-over cities” according to investors focused on the coasts, the money continues to flow into this region. For example, Michigan’s…