• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

All posts by Graham van der Made: Editor

  • 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...

  • Exclusive interview: RainFin CEO on buying back company from Absa

    Fintech online market lending place RainFin, has announced the buyback of shares from their majority shareholder, Barclays Africa Group (Absa). The banking institution held a 49% share in RainFin. Ventureburn had a chance to sit down with RainFin CEO Sean Emery to talk about the reasons behind the buyback as well as the startup's future post-buyback. In February of this year, Emery spoke to us about the inclusion of its products into Absa's offering. This came about through the 49% equity purchase Absa had with RainFin. The buyback and independence In March this year, Barclays Group announced its intention to sell its 62.3% stake...

  • Zoona wins Social Entrepreneurship prize

    Mobile payments company, Zoona has been awarded the Social Entrepreneurship award at the Africa Awards for Entrepreneurship (AAE). The event was hosted by the African Leadership Network in Mauritius. The Social Entrepreneurship award is given to organisations addressing social problems in Africa, and who have a revenue between US$150 000 and US$2.5-million. It was accepted by brothers and co-founders Brett and Brad Magrath. "We are honoured to have been recognised among organisations that are such a force for positive change on the African continent," says Brad Magrath in a press release to Ventureburn. Zoona has recently raised US$15-million in funding, while passing other milestones too "We strive to take...

  • Ducere Holdings wins R1-million at Green City Startup competition

    Greentech startup, Ducere Holdings was awarded first place at the Joburg Green City Startup competition. The event took place on 9 November in Johannesburg. The company created a hybrid transmission system, MISER, that can offer up to 70% reduction in emissions for vehicles. It can be fitted into existing vehicles. Second and third places were awarded to cloud-based technology startup Solid Insight, and farming system Rydawi Fish Farms, who won R400 000 and R300 000 respectively. The event was created by the City of Johannesburg and in partnership with Resolution Circle, the University of Johannesburg's technology commercialisation company and incubator. Out of 187 entries for the competition,...

  • UK DIT, Sw7 to hold international expansion event for startups

    The UK's Department for International Trade (DIT) and tech innovation accelerator Sw7 will host two UK 'Deal Makers' to share their experience with local entrepreneurs. The programme will take place from 14 to 18 of November in Johannesburg and Cape Town. The event is designed to help sustainable, early-stage companies and entrepreneurs who wish to expand internationally. Stephen Mooney (CEO of Synoptic Technologies) and Anthony Sheehan (founder and CEO of Near You Now) are part of UK's Global Entrepreneur Programme, which is a project run by the country's government. "The UK is a massive technology market, in excess of ten times the size of our ...

  • WatchMojo’s pick of the 10 worst US Shark Tank pitches

    Pitching to a room full of investors can be a difficult and nerve-wracking undertaking. Now imagine doing it while being filmed for a TV show. The popular Shark Tank series has been around for quite some time and has had its share of bad pitches. The popular listicle YouTube channel, WatchMojo.com has put together its choice of the top 10 worst pitches ever to appear on the US version of Shark Tank. If there's anything to be gained from these cringeworthy products and ideas, it's that you need to make sure your business plan is air-tight, your product is actually compelling to consumers,...

WP Twitter Auto Publish Powered By : XYZScripts.com