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News

  • DEMO Africa to host masterclass in partnership with World Bank

    A source of technical and financial assistance to developing countries, World Bank, is hosting a masterclass at DEMO Africa. The class will deal with ways in which startups can be scaled with the right team. Titled 'Venture Growth Strategies – Scaling Your Business with the Right Team,' the class aims to improve the knowledge and understanding of how to develop a thriving business while growing the team with essential members. Attendees will also learn how to set up long-term and short-term goals and successfully execute them, as well as how to use legal agreements and various compensation mechanisms. They'll also be taught the...

  • Phandeeyar launches as first tech accelerator in Myanmar

    Myanmar's (Burma) first ever tech accelerator, Phandeeyar, began accepting submissions for the programme on 17 June. Phandeeyar emerged from the Code For Change hackathon which focused on creating tech solutions for small and medium businesses. "We got a really acute sense of both the opportunity and the level of talent in the start-up community but also of the challenges they face," said David Madden to Myanmar Times. "We want to invest in this next generation of entrepreneurs who are going to build the products and services that are going to power the digital leapfrog," Madden continued. The programs selected for the accelerator receive US$25...

  • Ventureburn wants to know about your tech startup

    Ventureburn is dedicated to featuring and writing news about startups in emerging markets. In fact, it's our passion to inform our readers about new startups, entrepreneurs doing great things, entrepreneurs not doing such great things, and events. Even with all of our networks and contacts, sometimes there are startups that fall through the cracks. In this case, we'd love to know about them. If you think your startup (or someone else's) has some interesting news then please let us know. The company needs to be tech-based, or using technology in an interesting way, and be situated in an emerging market (such as...

  • SA to receive first non-profit association for growing angel investors

    SA will be receiving its first national non-profit association to grow angel investors, named the South African Business Angel Network (SABAN). It is set to launch on 24 August in Johannesburg. According to a blog post on VC4A, the inspiration for SABAN came about when SA entrepreneur Chris Campbell, was involved with EBAN Winter University 2014 in Helsinki, Finland, along with pitching in SA. Campbell realised a need to easily connect businesses with angel investors in SA. It is headed up by Campbell; Bodo Sieber, CEO of Tagmarshal and Mvikeli Hlophe, fund manager at SA Enterprise. This new initiative will pull inspiration from the Finnish Business...

  • WDB Seed Fund set up to help solve funding woes

    Newly formed WDB Seed Fund seeks to develop an urgent response to the scarcity of funding for startups in their early growth stages. The fund is made up of for-profit social enterprise, Seed Engine, WDB Investment Holdings, an organisation driven to impact the lives of other women in rural communities in SA, as well as Grovest, an SA VC company. The WDB Seed Fund also offers investors tax advantages, as well as Broad-Based Economic Empowerment (B-BBEE) points, for those who wish to invest. This is because the investment would be utilised for enterprise and supplier development initiatives. The fund has also been established...

  • Vickers Venture Partners is raising $250 million for its new global fund

    Despite fears of a slowdown that has already caused some sobering devaluations in markets like India and China, it seems that venture capital will continue to flow for a little while yet. Singapore-headquartered investment firm Vickers Venture Partners plans to pour some water into that stream with its newly announced fund with a target size of US$250 million. Vickers has already raised US$63.5 million from existing investors. Capped at US$400 million, it could become one of the largest funds by a Singapore VC so far, close to the US$600 million fund that Temasek poured into subsidiary Vertex Ventures last October. It’s...

  • Vinny Lingham named fourth ‘Shark’ on M-Net’s Shark Tank

    VC and co-founder of Silicon Cape, Vinny Lingham, has been named the fourth 'Shark' on M-Net's upcoming pitching show, Shark Tank. Lingham joins co-CEO of The Creative Council, CEO of The Beancounter, Gil Oved, Marnus Boordyk, and CEO at Europcar and Imperial Car rental division, Dawn Nathan-Jones on the judging panel. The show's setup features entrepreneurs pitching their business ideas to the panel of judges for funding. The Sharks may then decide to invest in the idea, or decline. If more than one Shark decides to invest, the contestant will need to decide who they're going with. Lingham is no stranger to this type of...

  • 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...

  • Sage Summit 2016 to host over 15 000 entrepreneurs

    What began as a small business venture 30 years ago has now become the meeting point for millions of entrepreneurs from across 23 countries. This year's Sage Summit will look to inspire new and old entrepreneurs alike. The Sage Summit 2016 looks to break last year's figures, with expectations to double capacity.  The event which will also host some of the world's leading brand ambassadors and entertainers will seek to employ their knowledge and passions to those in attendance. According to a press release sent to Ventureburn: "For the first time, Sage Summit will have a dedicated series of events for...