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All posts by Graham van der Made: Editor

  • Nedbank, LaunchLab award R80 000 to Fintech and Big Data Challenge winners

    The Nedbank Stellenbosch University LaunchLab has awarded R80 000 to the top five contestants in the Fintech and Big Data Challenge. Held on 20 October at the LaunchLab in Stellenbosch, nine contestants pitched to a panel of five judges, consisting of innovations and business teams from Nedbank. "This Fintech and Big Data Challenge gave entrepreneurs the opportunity to not only win incubation support for their Fintech solutions but to also gain access to the exciting market that Nedbank can provide," says the CEO of the LaunchLab, Philip Marais, in a press release to Ventureburn. "The LaunchLab facilitates the relationship between the startups and our...

  • Q&A with Hannah Clifford, general manager of Nairobi Garage

    The Nairobi Garage is one of Africa's largest co-working spaces. Since its launch this time last year, the company has hosted a range of events and partnered with Hong Kong VC, Nest among other happenings. Ventureburn recently had a chance to talk to the general manager of Nairobi Garage, Hannah Clifford. We picked her brain on co-working spaces and the need to join them, as well as the role they play in the startup community. Ventureburn: What bare basic services should a co-working space offer? Hannah Clifford: Internet first and foremost. Security is important. Meeting rooms and areas to hang out - the point of...

  • CEO of The Creative Counsel pledges R50m to assist young entrepreneurs

    CEO of The Creative Counsel Ran Neu-Ner has pledged R50-million in order to help young entrepreneurs with their businesses. The initial R10-million will be distributed during the first quarter of 2017 with the balance by the end of the year. "Funding is the first of two major issues for startups. The second is the dire lack of mentorship," says Neu-Ner in a press release to Ventureburn. "The country is losing a lot of bright young people with great ideas to white and blue collar jobs because there is inadequate support yet it is this potential that could be creating more jobs and solving unemployment....

  • delvv.io receives R6.5m in funding round [update]

    Update 22-11-2016: additional quotes and information. Startup delvv.io has received R6.5-million in a funding round, which was led by SA VC HAVAIC and UK-based investor Kevin Gaskell. The amount will be used to expand the startup's reach both locally and internationally. The startup enables agencies and brands to receive early-stage feedback on a variety of ideas from a network of independent specialists. "Entering the funding phase is exciting because it means we can go to market faster and start international expansion," says the co-founder of delvv.io, Trevor Wolfe, in a press release to Ventureburn. Wolfe goes on to explain that trying to raise funding from international VCs...

  • French Tech launches first of its kind incubator in Cape Town

    International startup ecosystem hub French Tech, has launched its first incubator in SA. Located in Century City, Cape Town, the incubator is also the first of its kind in the French Tech system. "This building really is the first physical incubator in the worldwide French Tech network," says lead ambassador of French Tech CPT Hub, Christophe Viarnaud. When asked about why the incubator launched in SA as opposed to other African countries, Viarnaud told Ventureburn this was due to the financial and legal system being easier to navigate, as well as English being the primary language. It is one of 22 French Tech...

  • Greener pastures for WeFarm after £1.3m seed funding round

    Peer-to-peer agritech startup WeFarm has raised £1.3-million in seed funding. The round was led by UK-based VC, LocalGlobe. "Connecting farmers to relevant advice from other farmers is a completely new approach," says founder and CEO of WeFarm, Kenny Ewan, in a press release. WeFarm's network allows for small-scale farmers to share and access crowdsourced information from other farmers. "The majority of information delivered to people living in poverty is top-down, whereas we are using a crowdsourcing model to unlock generations worth of grassroots knowledge, ideas, and experience among farmers." The seed funding amount will be used to grow WeFarm's network. WeFarm has a community of farmers across Africa...

  • Iono.fm receives R2.5m funding from Angel investment round

    Audio distribution startup iono.fm today announced it has received R2.5-million in funding from an Angel investment round. The round was led by financial firm Clifftop Colony, and includes a range of unspecified local and international Angel investors. "With a local and international presence of the Angels and Clifftop Colony itself, the consortium of investors are ideal partners for us as we continue to scale our business both domestically and globally," noted CEO of iono.fm, Ryan Dingley. The funding will be used to bolster iono.fm's streaming services, as well as domestic consolidation. "Iono.fm is the third company in our portfolio that we are building alongside...

  • Cactus Capital invests over R1-million in African startups

    Investment firm Cactus Capital has announced investments in growth-stage fintech startups Flutterwave and E-Factor. This makes it the second and third investments the firm has concluded this year. The firm's investment was in Ugandan based mobile payment aggregator, Intel World International (IWI Africa), which happened in Q1 of 2016. When asked about the amounts invested, Cactus Capital could not give an exact amount due to legal reasons, but said all three investments have a combined amount of over R1-million. "As Cactus Advisors, simply investing into high growth, high impact tech-enabled ventures on the continent is not good enough, unless we critically have the right enabling environment on...

  • Top startup events in South Africa, Africa you should know about this week [14/11/2016]

    Looking to get into the South African startup scene or scratch up on some of your skills? Well, you've come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or...

  • SABAN launches to support early-stage startup investors in SA

    On 11 November, several organisations within the SA startup community came together to launch the South African Business Angel Network (SABAN). The aim of SABAN, according to Daniel Guasco, head of Silicon Cape, is to "create an environment where people can learn and feel safe". When addressing the audience, Guasco said: "We really need more people like yourselves who are eager, able, and willing to make a commitment to funding early-stage companies, specifically in the technology space, to put money down. It's high-risk, but the opportunities around that and the benefit that one gets out of it is quite substantial." Other focuses of SABAN include...