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  • The African Business Angel Network’s year in review

    Since the launch of the African Business Angel Network (ABAN) in 2015, there has been a noticeable growth in the amount of Angel Investors. "2016 saw the rise of cross-border collaboration of Angel groups across the continent and an increasing focus on Angel investor education as their investments in startups continued to grow. We also saw a marked increase in the number of Business Angel Syndicates and Networks emerging," said ABAN president, Tomi Davies, in a press release to Ventureburn. According to ABAN, Angel investor groups, networks, as well as initiatives have grown to over 40 across 25 African countries. They've...

  • Real estate startup ToLet.com receives US$1.2-million in funding

    The Lagos-based real estate business, ToLet has managed to raise US$1.2-million from Frontier Digital Ventures through a Series A round of funding. ToLet, originally Estanode, was founded in 2012 by Ogundipe Fikayo, Balogun Sulaiman, Eludire Oladapo and Ayeni Oluwaseyi. A year after its inception, the company received US$230 000 in seed funding from Spark, which was then used in the ToLet.com.ng rebrand. "The new funds raised will be used to improve the platform’s technology offering to both property seekers as well as that used by listing agents. The rest of the funds will be channelled into improved marketing efforts and aggressive...

  • ATTACQ Retail Ideas Programme launches at universities across the country

    The ATTACQ Retail Ideas Programme in partnership with LaunchLab has begun at universities across the country. Entrepreneurs are invited to pitch their retail business ideas for a chance to win a share of R100 000 in seed funding as well as R150 000 in LaunchLab incubation support. The programme takes place on selected campuses of all major SA universities and will be running until 23 September 2016. The final judging round will take place on 19 October 2016, though a venue has yet to be set. The Retail Ideas Programme is looking for entrepreneurs whose innovative ideas address the following: Payments within ATTACQ...

  • Top startup events in South Africa, Africa you should know about this week [29/08/2016]

    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...

  • Five tech startups chosen for Dutch #cocreate2ACCELERATE challenge

    Five SA tech startups have been selected as part of the #cocreate2ACCELERATE challenge, an initiative created by the Kingdom of the Netherlands. According to a press release sent to Ventureburn, all of the participants will be partnered with a Dutch entrepreneur in order to "exchange ideas and innovations for a sustainable future." For example, video game startup RetroEpic will be partnered with Esther Jacobs, who has given more than 1000 keynotes, helped over 50 entrepreneurs write books, and has been knighted by the Dutch Queen, among other things. The four companies are video game startup Sea Monster; application builder, Polymorph; app specialist, &Innovation; agriculture...

  • Nigeria’s NetPlusDotCom taps Etisalat to rollout STORM app mPOS solution

    A few weeks ago, Ventureburn focused on how African telecoms operators can have a mutually beneficial innovation-driven relationship with startups specifically by making their APIs startup friendly. This week, Nigeria’s NetPlusDotCom, announced a partnership with telecoms giant Etisalat Nigeria to deliver the STORM app. Thus further expanding how telecoms companies can get actively involved in the growth of the tech space -- this time, fintech. NetPlusDotCom is a Nigerian early stage financial technology company and payment solution provider that decided to partner with Etisalat to roll out STORM -- which is an innovative inventory, store management and self-service ticketing solution via...

  • 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...