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  • 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...

  • 1Fetch is Sandton’s newest on-demand delivery startup

    Taking a cue from Uber, on-demand couriers are a popular business in SA. The latest entry, 1Fetch, looks to pit its bike-only delivery service against the rest. "We guarantee collection within 90 minutes of the order being placed. Once collected, the package is delivered directly to your destination, with no stops along the way." writes director of 1Fetch, Panico Theocharides, in a press release to Ventureburn. He goes on to say: "If you get the basics right, and build around your customer needs, the growth should follow." According to Theocharides, all of their drivers are employed by the company, and the directors meet each...

  • New mentorship programme aims to empower disabled entrepreneurs

    There's not a whole lot of tech in this one, but we thought it was worth sharing anyway. South African entrepreneurial organisation The Hope Factory has launched a programme aimed specifically at empowering disabled entrepreneurs. The programme, which will be based in KwaZulu-Natal, is meant to help the physically disabled develop personal and business skills to grow and improve their businesses. The 10 entrepreneurs selected for it come from a variety of different fields. "As a Business Mentor, walking hand-in-hand with an entrepreneur on their journey to success and prosperity, through the highest high’s and low’s and ever...

  • 3 tips to ensure your communication objectives are aligned with your business vision

    I’ve seen technology companies shifting their business goals three to four times within an eighteen-month period. This is understandable, as economies change, markets become more competitive or are disrupted by startups, new investors come on board, target audiences change... no matter the reason, being forced to shift business goals can be taxing on your business. While you are focusing on business strategy and product enhancements or new product developments… consider how your communications team can support this process? How can they back the product and sales team and provide peace of mind when you are ready to go to...

  • What you need to know about investing in tech startups

    There are plenty of innovative technology startups out there offering incredible opportunities for investors. Despite this, the profits generated by such startups are not always guaranteed, and neither is their success rate. Thus, when an investor thinks of investing in these startups, a wide array of factors will need to come into play. These include the expertise of the founder as well as the scalability of the startup. Figuring that out may seem like tedious work, but it is much better than burning your money in a startup that will prove to be unsuccessful. Expertise, Network and Skill set of...

  • MMI Holdings’ Exponential Ventures, Anthemis Group to invest in financial wellness startups

    This is interesting. MMI Holdings (MMI), together with advisory firm Anthemis Group (Anthemis), on Thursday announced a partnership that will see it pump millions of Euros into financial wellness startups around the globe. MMI has provided the initial €30-million (± R520-million) commitment while leaving room for other likeminded firms to join the initiative. The investment partnership will operate on the principle that by supporting companies that improve the financial wellness of individuals and SME’s, investors can achieve ‘profit with purpose’ and help to create a prosperous and inclusive global growth economy. To that end, the partnership’s investment will primarily...

  • Airbnb for home dining raises seed funding to build up its global community

    Singapore-based BonAppetour, an ‘Airbnb for home dining’, has raised a seed round worth US$500 000, it announced today. The investment comes from entrepreneur and investor Wong Toon King and telecommunications infrastructure contractor firm Prasetia Dwidharma. BonAppetour helps travellers find local hosts who invite them to enjoy home-cooked meals. It adds an online social layer to having people over for dinner and gives visitors a chance to connect with a local culture through food and hospitality. The startup was founded in 2013 and started building a community in tourist havens across Europe, such as Paris, Rome, and Barcelona. The team curates its...

  • BREAKING: New VC fund hits SA tech space

    The South African venture capital (VC) space is heating up, with the latest entrant, Niveus Ventures, announced on Tuesday. The entrepreneur-led fund is backed by Niveus Investments, a subsidiary of Hosken Consolidated Investments (HCI:Johannesburg), and is aimed at African tech startups looking to go global. According to a press release sent to Ventureburn, the fund will provide entrepreneurs with financing that fills the gap between angel funding of less than R1 million, and capital from listed firms or private equity groups that range between R100 - R200 million, which is typically difficult for a younger business to secure. Heading up the team...

  • Entrepreneurs, investors: innovating and funding startups in SA

    A recent panel, entitled Unleashing Entrepreneurial Innovation in South Africa, at the Road to the 2016 Global Entrepreneurship Summit, yielded some interesting remarks from its participants about SA startups, entrepreneurs, and investors. The panel consisted of moderator Nic Haralambous, founder of Nicharry; Greg McDonald, fund manager at Edge Growth; Ian Merrington, CEO of Cape Innovation and Technology Initiative (CiTi); Antonia Norman, CEO of Branson Centre of Entrepreneurship; Toro Orero, managing partner at Draper Dark Flow. Innovation and copying in SA Haralambous posed the first question to the rest of the panel, asking there are a lot of innovative ideas and if funding...

  • 10 things we just learned about the Berlin startup scene

    Berlin is one of Europe's startup hot-spots and is often held up as an example of the cool and at-ease-with-itself contemporary Germany likes to project. That's all well and good. Being home to large number of startups can give you serious kudos as a city. After all, entrepreneurship is key to building a country's future. But what about the people who work at those startups? What kind of salaries are they earning? How do they feel about the positions they're in? And do they face similar problems to people in other startup hubs around the globe? Well, thanks to a...