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All posts by Staff Reporter

  • Andela secures $100m Series-D round led by Generation Investment Management

    Andela -- a New York-based company that identifies, develops and outsources talented African software developers -- has secured a $100-million Series-D funding round led by London-based private equity firm Generation Investment Management. Andela's previous investors Spark Capital, GV (Alphabet's venture capital arm), CRE Venture Capital and the Chan Zuckerberg Initiative also participated in the round which brings the firm's total venture funding to $180-million. The company was founded in 2014 by Kenyan Brice Steven Nkengsa, Nigerians Iyinoluwa Aboyeji and Nadayar Enegesi as well as Americans Christina Sass and Jeremy Johnson and Canadian Ian Carnevale In a statement today (23 January), the company said it will...

  • MMH Accelerator to offer up to €50k in funding to African healthtech startups

    Ghanaian, Kenyan and Nigerian late-stage healthtech firms -- including those solving health challenges facing animals -- stand to benefit from up to €50 000 in funding from this year's Making More Health (MMH) Accelerator programme. The accelerator is an initiative of the social entrepreneurship network Ashoka and German-based pharmaceutical company Boehringer Ingelheim. MMH aims to improve health-care access for people, animals and their communities around the world. Through the 11-month long MMH Accelerator programme, the initiative supports healthtech innovators with an opportunity to strengthen and scale their work. Applications for this year's programme close on 15 February. Applications for this year's...

  • SA startup RapidDeploy opens office in Austin, Texas to meet growing US demand

    In a bid to meet growing demand from US customers, SA startup RapidDeploy has opened its US headquarters in Austin, Texas, the startup announced in a statement today (21 January). RapidDeploy claims that its cloud-based technology platform, offers emergency first responders relevant and accurate information in real time on a critical situation. This reduces response times dramatically, in scenarios where every second is a matter of life or death. In September last year RapidDeploy CEO and co-founder Steve Raucher (pictured above, far left during an unveiling ceremony of the new office) told Ventureburn that he planned to relocate to the US. The move to the US...

  • Meet the 10 startups selected for the #Africa4Future Accelerator programme

    Aeronautics giant Airbus and German development agency GIZ have announced the names of the 10 African tech startups that will take part in the latest Airbus Bizlab #Africa4Futute accelerator programme. #Africa4Future is a joint business accelerator initiative of Airbus and GIZ's Make IT Africa initiative together with the Meltwater Entrepreneurial School of Technology (MEST) and SA-based innovation consultancy Innocircle. The programme identifies African tech entrepreneurs using innovative aerospace-based solutions to tackle the continent's most pressing challenges such as transportation, agriculture and healthcare The 10 #Africa4Future finalists were selected from 314 startups from 19 countries on the continent The 10 hail from...

  • Ghanaian healthtech company mPharma secures over $9m in Series-B funding

    Accra based medicine benefits and inventory manager mPharma has raised over $9-million in a Series-B funding round from as yet undisclosed investors. Uganda-based tech publication Digest Africa reported on Tuesday (15 January) that the $9 729 000 that mPharma raised in exchange for a share in the six-year-old company, fell short of the $12-million that the firm was looking to raise. Digest Africa's report was informed by a US Securities and Exchange Commission filling made last Thursday (10 January). However, the filing does not reveal what percent equity the funding was in return for or who the investors -- only...

  • DFS Lab to host Dar es Salaam bootcamp on Mojaloop platform

    US-based fintech accelerator and investor Digital Financial Services Lab (DFS Lab) will in April host a bootcamp in Tanzania aimed at building on and improving Mojaloop, an open-source financial inclusion software that was released by the Bill & Melinda Gates Foundation in 2017. Mojaloop helps create inter-operable payments systems in emerging markets. The platform was built in collaboration with leading tech and fintech companies that include Ripple, Dwolla, Software Group, ModusBox and Crosslake Technologies. DFS Lab, which is also funded by the Bill and Melinda Gates Foundation, made the announcement in a press release to Ventureburn today (16 January). DFS Lab's Mojaloop...

  • UK government’s Go Global 2019 to support Kenyan, Nigerian, SA startups

    Are you running a tech startup in Kenya, Nigeria or South Africa that is solving pressing local issues? Then you might stand to benefit from 14 days of mentorship, workshops and networking in the UK -- through the British government's newly launched Go Global 2019 programme. The programme forms part of the UK Government's Department for Digital, Culture, Media and Sport (DCMS) new International Tech Hub Network and is run in partnership with the British High Commission in Kenya, Nigeria and Kenya. Through the Go Global 2019 programme, DCMS is looking to support post minimum viable product (MVP) startups in healthtech,...

  • MEST opens applications for 2019 MEST Africa Challenge

    MEST, the Pan-African training programme, seed fund, incubator and hub for tech entrepreneurs in Africa, has opened applications for the 2019 MEST Africa Challenge. Finalists of the pitch competition, which is now in its second year, stand to receive up to $50 000 in equity investment from MEST, space in a MEST incubator and the opportunity to pitch at the finals of the challenge which will be held at the 2019 MEST Africa Summit which will take place between 10 and 12 June in Nairobi, Kenya. Entrepreneurs with post-revenue tech startups based in Ghana, Ivory Coast, Kenya, Nigeria and South Africa...

  • Top startup events in South Africa, Africa you should know about this week [13/1/2019]

    Ever wondered what the differences between personal branding and business branding are? Join StartupGrind Pretoria tomorrow (15 January) as they explore this in a fireside chat with the founders of SummerTime design studio Raksha Mahabeer and Sandya Singh.If you're in Kenya you'll want to attend the Kaleidoscope Africa's Launch to Scale event in Nairobi on Thursday (17 January) where critical success factors that determine how startups move from launch to scale will be discussed. For those working with Augmented Reality (AR) and Virtual Reality (VR) in Nigeria, you won't want to miss the AR/VR Africa Meetup on Saturday (19 January)...

  • WhereIsMyTransport to take on India, Latin America after $1.85m investment

    Cape Town and London-based mobility data startup WhereIsMyTransport has secured a $1.85-million investment as part of of its Series-A round in a deal led by Mexico City-based corporate venture capital fund LiiL Ventures. Dutch impact investor Goodwell Investments also participated in the round. WhereIsMyTransport collects and provides access to public transport data, in addition to journey planning. The company was started by Chris King and Devin de Vries in 2008 in Cape Town (pictured above, on right and centre, respectively with Dave New who joined as a founder subsequently). The company relaunched in 2015 after opening an office in London. In a statement announcing the investment, De Vries described Liil Ventures as an investor that is...

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