Others

Jumia expects losses not to exceed $100M this year, per Q3 financials

August 15, 2023
In the first quarter of 2023, we reported that Jumia recorded its lowest losses in four years. Its adjusted EBITDA and operating losses dropped to $27 million and $30.9 million. Those numbers represented a 55% and 57% decrease year-over-year, on track to meet the company’s end-of-year target of $100-120 million in adjusted losses. Jumia’s recently […]

Configu raises a $3M pre-seed round for its configuration-as-code platform

August 15, 2023
Nobody loves managing configuration files for their applications and as systems get ever more complex and distributed, errors — and the potential security issues that come with that — can easily multiply. Infrastructure-as-code has gone mainstream over the course of the last few years and now, Tel Aviv-based open-source startup Configu wants to bring configuration-as-code […]