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All posts by Staff Reporter

  • GroTech looks to raise additional R38-million for funding

    VC firm GroTech is looking to raise an additional R38-million in funding. This comes after the company received R62-million in its last round. GroTech invests in companies using technological innovations to disrupt industries such as banking, insurance, health, and media among others. "The investment pipeline is healthy. Since the close of the first round of capital raising which closed on 29 February 2016, GroTech has reviewed in excess of 170 business plans. To date we have made one investment and are currently evaluating another three, one of which is at term sheet stage," says CEO of GroTech Clive Butkow in a...

  • Nigerian business directory VConnect receives upgrades for engagement

    Nigeria's largest search engine, VConnect, has received a facelift, making it easier to find local businesses in the country. According to a press release sent to Ventureburn, the website lists over 1.2-million businesses in Nigeria. It allows businesses to list all their information, operating times, as well as images. In turn, customers can rate these companies. "Our goal is to provide complete information that helps users to find and connect with businesses that are right for them. VConnect isn't just a business search engine; it's a discovery and engagement platform," says the founder and general manager of VConnect, Deepankar Rustagi, in a press...

  • Is your Magneto store breathing easy? This infographic has the answer

    Magneto is a massively-popular open-source ecommerce software suite we've covered extensively here on Ventureburn. And while many may know what it is and how to get the best out of it, there are always a few more things we can learn (that's true about most things, in fact). Read more: Magento, Shopify, WooCommerce: which ecommerce platform works for you? With that said, the team over at MoFluid put together a great infographic for those users who just can't seem to diagnose problems within their ecommerce store. Entitled "How Healthy is my Ecommerce Store?" the graphic takes users through various stages of diagnosing...

  • There’s a Startup Weekend happening in Mauritius

    There's a Startup Weekend in the island nation of Mauritius taking place from 15 to 17 July at the BPML CyberTower 1 in Ebene. The event is expecting around 60 participants, including entrepreneurs, professionals, and students. Those participating will pitch their business ideas for a startup company. They will then need to form groups in order to develop a working prototype. On Sunday evening, teams will pitch their business to a panel of judges who will decide the final three winners. All teams will have the opportunity to receive free mentorship and feedback on their projects from professionals. The coaches will include the likes...

  • Entrepreneurs, want to know how Apple co-founder Steve Jobs started out? [infographic]

    There's no doubt that Steve Jobs has built one of the most successful tech companies in the world. Even with the success of the iPod and MacBook, Apple wasn't a company without its own problems. In an infographic on Funders and Founders, created by Anna Vital, the story of Steve Jobs is detailed from early life, his meeting with Bill Gates, and starting Pixar. The Funders and Founders page also includes some quotes from Jobs, as well as some of his philosophies. Love or have the entrepreneur, you have to admire the things he's done. For those of you looking for more infographics...

  • VC HAVAIC invests in expanding Digital Cabinet cloud solutions

    SA venture capital (VC) firm HAVAIC Limited Partners has invested in paperless cloud solutions company Digital Cabinet. The investment comes in the form of a convertible note instrument, and while no exact amount has been given, it is estimated to be under R5-million. HAVAIC has been working with Digital Cabinet for several months in an advisory and service manner. "Digital Cabinet has been operating for about 5 years and we have seen our business mature to the extent that we require further capital to both expand with new products and consolidate our existing offerings," writes Digital Cabinet CEO Daniel Kritzas in a press release...

  • WeFarm names mobile architect Adam Neilson as CTO

    Adam Neilson will join peer-to-peer farming network WeFarm, as CTO, the company announced in a press release. Neilson has previously held positions at Probability, Sea Monster, Health Unlocked, and Rareburg. He had experience with mobile technology and building social platforms. "When I first heard about the work WeFarm has been doing impacting farmers' lives in such a positive way, I was bowled over. After digging a little deeper, I found more data than you can shake a stick at, a cutting-edge machine learning platform and I knew this was something I had to be a part of," explains Neilson. Read more: 8 mobile...

  • Top startup events in South Africa, Africa you should know about this week [04/07/2016]

    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...

  • Webfluential bags Startup-Up Tel Aviv South Africa crown

    South African influencer and brand matching platform Webfluential has been crowned winner of the 2016 Start-Up Tel Aviv South Africa competition. As part of the prize, Webfluential's Global Head of Operations Kirsty Sharman will be heading to Tel Aviv in September to take part in the DLD Festival Week. The DLD Festival week is Israel's largest international hi-tech gathering, featuring hundreds of start-ups, VCs, angel investors and leading multinationals including top technological talent and leading companies such as Intel, Google, and Microsoft, Kimberly Clark, Amazon, GM, Amdocs, Facebook and more. "The Webfluential team is incredibly excited about this opportunity, not...

  • Here are the 9 startups that’ll compete for Seedstars World’s SA crown

    With its three pre-selection events in Cape Town, Durban, and Soweto done and dusted Seedstars World has confirmed the nine startups that will be competing at its final event in Johannesburg. The nine startups, together with an as yet unnamed wildcard, are competing for a variety of prizes. The biggest of those will see the ultimate winner flown to Switzerland to compete at the Seedstars World Global Summit. Whoever claims South Africa's top spot this year will have some seriously weighty expectations on their shoulders. The 2015 winner, recruitment app Giraffe, went on to claim the global title and...