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Startup news

  • 2016 ABAN Investor Masterclass Series set to conclude

    The 2016 ABAN Investor Masterclass Series will see early-stage investors gathering in Cairo as well as Lagos next week to discuss and share best practices at Early Stage Investor Masterclasses. These masterclasses will conclude the 2016 ABAN Investor Masterclass Series which consisted of other bootcamps and classes all around the world. The Cairo Masterclasses will take place on 6 December 2016 at the Cairo Mariott Hotel Zamalek while the Lagos Masterclass will take place on 10 December at The Wheatbaker Lagos. Both events are organised by VC4A and Rising Tide Africa as well as the Lagos Angel Network. Speakers include the president of EBAN,...

  • Three SA startups selected for international accelerator

    Three SA startups have been accepted into the Startupbootcamp InsurTech startup accelerator, which will take place in London in 2017. The selection process took place on 29 and 30 November, where ten finalists in total were selected. The three SA finalists, Aerobotics, Emerge Analytics, and NuvaLaw, were selected out of 633 total applications at first. They were then up against 20 other ventures during the selection process for the positions. All ten startups will take part in the Startupbootcamp InsurTech startup accelerator programme, which will last for three months. There, they will collaborate with over 400 mentors, partners, and investors in order to build...

  • Who won big at EY SA World Entrepreneur Awards?

    The EY SA World Entrepreneur Awards has concluded its 2016 running, with Super Group's CEO, Peter Mountford, winning the award in the Master category. Broad-based supply chain management business, Super Group will go on to represent SA in Monte Carlo in June 2017 at the EY World Entrepreneur Of The Year Awards. Here, they will compete alongside more than 50 other entrepreneurs from around the world. During Mountford's time, he has turned the company around from a loss of R1.3-billion and within 18 months brought the company back to a profitable level. Ran Neu-Ner and Gil Oved, a group of co-CEOs and entrepreneurs of The Creative Counsel...

  • Ducere Holdings on winning R1m in Green City Startup competition

    Earlier this month, car-based startup Ducere Holdings took home the R1-million prize at the Green City Startup competition in Johannesburg. The company created the MISER Hydraulic Hybrid Transmission Systems for vehicles, which is able to save up to 70% of fuel usage, and reduce CO2 emissions. Ventureburn had a chance to catch up with Andre Reyneke (pictured top right), MD of the startup, to find out how the company will be using their prize money and new-found business fame. When asked about asked why Ducere Holdings was entered into the competition, Reyneke didn't sugarcoat his answer and said the prize and marketing were draw...

  • Zebra Cabs: taxi service gets R300m injection

    Minibus financing service, SA Taxi has secured a R300-million investment from Futuregrowth Asset Management, it announced this week. The funding will go toward financing the Zebra Cabs owner-driver scheme. SA Taxi acquired Zebra Cabs in 2015, with a view to expanding the service in the face of Uber's popularity. SA Taxi's capital markets director, Mark Herskovits explained that the company was looking for ways to leverage their business model. They decided that their metered-taxi business model was best-placed to scale effectively. "We will consider seeking additional funding sooner if required, but we first want to build scale in the key area of Johannesburg to achieve...

  • Three SA startups a step closer to international accelerator

    Three local startups have been shortlisted for participation in an international acceleration programme. The three SA startups are competing to be one of ten startups to join international accelerator Startupbootcamp InsurTech next year. "Aerobotics, Emerge Analytics and NuvaLaw are up against 20 other startups for the opportunity to collaborate with 400+ mentors, partners, and investors over a three month period to build world class products, with the ultimate goal of becoming industry leading companies," read an excerpt of a statement emailed to Ventureburn. Startupbootcamp InsurTech received 633 global applications from early stage startups, calling for companies with solutions for the insurance industry. Startupbootcamp InsurTech...

  • Innotech Fellows step up to plate for CT pitching day

    The Innotech Fellows programme saw several entrepreneurs pitch their businesses at the Bandwidth Barn in Cape Town. The programme, which is a partnership between CiTi and the Telkom Future Makers Programme, forms part of the Innotech Fellows initiative. It aims to stimulate the growth of new businesses in software development, design, gaming, web and mobile application development. The programme selects top entrepreneurs to participate in a six-month developmental phase before the final pitching day at the Bandwidth Barn. "In terms of the comparison last year and this year, we've got a much stronger group so our recruitment, we did a lot more iteration in the first year of the Innotech...

  • Here are the 12 startups pitching at Seedstars World in Rwanda

    One of the world's biggest pitching events, Seedstars World has announced the top 12 startups to pitch in Rwanda. The winner of the Rwandan event on 6 December 2016, will be crowned the most innovative startup and go on to compete at the final in Switzerland in 2017. Here, the best startups from over 60 counties will have the opportunity to win up to US$1-million with the main prize being US$ 500 000 in equity investment. The Rwandan leg of the event is carried out with the support from Rwanda Online as well as local ambassador Aphrodice Mutangana. Further support is also offered by Microsoft4Afrika,...

  • Plan My Wedding secures investment at Shark Tank SA

    Wedding platform startup Plan My Wedding has secured a R400 000 investment from Sharks Gil Oved (co-founder and CEO of the Creative Counsel) and Dawn Nathan Jones (former CEO of Euro Car), each receiving a 25% equity stake. Plan My Wedding is an online wedding platform founded by Chelsea Evans and Jason Newmark, helping couples plan their entire wedding through the platform. The platform allows couples to diarise relevant dates, provides them with practical guidance, budgets, tools and checklists. Users will also have their own personal dashboard which offers a wide variety of service providers to choose from. The platform also features a 24-hour support...

  • ATTACQ Retail Innovation winners revealed

    Campus-based incubator LaunchLab, in partnership with ATTACQ, has announced the six winners of the Attacq Retail Innovation Entrepreneurs Challenge 2016. The winners were awarded a share of R100 000 in seed funding as well as incubation and support from the Nedbank Stellenbosch University LaunchLab. "We were impressed with the high quality of pitches at the final event. Our intention was to access new ideas and create the next breakthrough innovation in retail by addressing the e-commerce needs of our clients and customers," said the head of asset management at ATTACQ, Michael Clampett, in a press release to Ventureburn. "The submission had to enhance the...