Mauritius-based venture capital fund Launch Africa Ventures closes $36.3 million fund. 1 more story and a quiz

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This series of stories will help you learn about the latest current events in the world of technology.

1. Mauritius-based venture capital fund Launch Africa Ventures closes $36.3 million fund

A Mauritius-based venture capital fund, Launch Africa Ventures, has announced the closing of a $36.3 million fund.

Managing Partner of Launch Africa Ventures, Zachariah George, on Tuesday confirmed the latest development, seen by Ripples Nigeria.

Ripples Nigeria has learned that Launch Africa has supported 108 startups across the African continent, including Nigerian neobank Kuda, Kenyan B2B e-commerce platform MarketForce and Tunisian company. edtech startup GOMYCODE.

Ripples Nigeria previously reported that GoMyCode secured $8 million in Series A funding co-led by AfricInvest, through its Cathay AfricInvest Innovation Fund (CAIF), and France-based development finance institution, Proparco.

George, while commenting on the latest developments, said:

“In the first fund, we have limited capacity for monitoring. If we were to set aside a significant portion of our fund for monitoring, as many other funds do, we would not be able to cover the entire continent and multiple regions and products.

Technical trivia: What operating system feature allows processes to communicate with each other?
A graphical interface
API B
ICPC
SDK D
Answer: see end of post

2. Digital Coaching Platform CoachHub Secures $200M Series C Fund

A digital coaching platform, CoachHub, announced that it has secured a $200 million Series C fund to hire more expertise and expand its digital footprint.

CoachHub co-founder Yannis Niebelschuetz revealed this in a statement on Tuesday, emphasizing that the round was led by Sofina and Softbank Vision Fund 2.

Ripples Nigeria found that other participants included Molten Ventures, Silicon Valley Bank/SVB Capital, HV Capital, Signal Ventures Capital and Speedinvest.

CoachHub, a leading digital coaching provider, delivers holistic people development to forward-thinking businesses globally.

The German startup was founded by Yannis Niebelschuetz and his brother Matti in 2018, headquartered in Singapore.

Thanks to this new discovery, CoachHub has now raised a sum of $330 million.

Yannis, while explaining how the platform’s business model differs from others, said:

“CoachHub monetizes on a ‘per person per month’ basis, instead of session by session, giving businesses more flexibility in how they use their services.

“This is also the reason why our customers are now entering into multi-year contracts with us. They see the value in involving a large part of their staff in digital coaching, not only for a specific moment, but also for an ongoing activity.

Trivial answer: IPC

IPC stands for “Interprocess Communication”. IPC is a feature in modern operating systems that allows processes to communicate with each other. It improves performance by allowing concurrent processes to share system resources efficiently.

The two main methods of interprocess communication are memory sharing and message passing. Memory sharing involves indirect communication since the operating system manages RAM usage and allocation. Passing messages requires active communication between processes.

By Kayode Hamsat

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