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Startup news

  • Snapplify to represent SA at next year’s Global Startup Edtech Awards finals

    Cape Town based edtech Snapplify is heading to the Global Startup Edtech Awards finals in London -- which take place in January next year. This, after coming out tops in the awards' SA semi-finals last Thursday (15 November). The semi-finals -- which took place at the Bandwidth Barn in Cape Town -- were hosted by edtech incubator Injini, The British High Commission and the Western Cape provincial government. The event also featured a semi-final track for startups from the continent. The winners were selected by a panel made up of the Consul general of the British Consulate in Cape Town Ben Boddy, CiTi head of innovation...

  • Here are the 11 AfricArena 2018 partner innovation challenge winners

    Eleven African startups will get the chance to work with big companies such as RCS and AirFrance KLM and French accelerators such as VivaTech and FSAT Labs. This, after the 11 were announced as winners of various partner innovation challenges during the last day of the tech conference AfricArena in Cape Town, last Friday (16 November). In addition, each of the winning startups -- along with all other startups that attended the conference -- will also receive $2000 worth of credits from Amazon Web Services (AWS). As part of winning the challenges the startups will get the chance to work with the event's sponsors, namely: RCS, Saint-Gobain, AirFrance KLM,...

  • Gambian agri-business platform Money Farm wins Seedstars Banjul

    Gambian agri-business platform Money Farm has been selected as the winner of last Saturday's (17 November) Seedstars Banjul pitch event. Money Farm, which was founded by CEO and founder Modou N'jie (pictured above) in July, provides Africans in the diaspora and other investors around the world with potential agri-investment opportunities in Africa. Kameko was placed second for its Ryde Africa Taxi mobility solution while Nesthet was placed third for its mobile clinic service. Money Farm will now represent Gambia at the Seedstars regional and global summits By winning Seedstars Banjul, Money Farm will go onto represent Gambia at the Seedstars Africa summit in Tanzania next month and the global summit in Lausanne, Switzerland...

  • How French investors are helping grow Senegal’s tech startup ecosystem

    Senegal's tech startup scene may still be small, but a rise in venture capital (VC) investments -- led by French investors -- suggest that things are beginning to warm up in the West African country. Rodolphe Rosier -- a Frenchman who co-founded a Dakar and French based solar home system startup OniriQ two years ago with Mohamed Sarr and Michael Hernandez -- is optimistic. He says over the last two years the country's VC scene has been growing "rapidly". Rosier attributes the growth to the recent arrival of French VCs like Partech, Orange Digital Ventures and funds engaged in seed finance, like impact investment fund Teranga Capital. Indeed, last year Senegalese startups raised...

  • Meet the winners of the Feed the Future Fall Armyworm Tech Prize

    Nairobi-based startup Farm.ink has clinched the $150 000 grand prize of the Future Fall Armyworm Tech Prize. The announcement was made yesterday (15 November). The US Agency for International Development (USAID), Land O'Lakes International Development, and the Foundation for Food and Agriculture Research announced the six winners of the Feed the Future Fall Armyworm Tech Prize yesterday at tech conference AfricaCom in Cape Town. The prize, launched in March, sought digital innovations that could help farmers manage the recent spread of fall armyworm -- a voracious agricultural pest -- in Africa. Kenya's Farm.Ink clinched the $150 000 grand prize of the Future Fall Armyworm Tech Prize Following a competitive...

  • View the full 2018 Ventureburn Tech Startup Survey presentation

    The 2018 edition of the Ventureburn Tech Startup Survey powered by Telkom Futuremakers, has uncovered a host of detailed insights into the South African startup landscape. From sources of funding and racial breakdowns to the most successful sectors, the survey covered a variety of topics. We have plenty of articles on Ventureburn, but find our comprehensive report embedded below. More information on the Ventureburn Startup Survey: Gauteng home to most tech startups, but Cape firms still more successful – survey SA startups with combination of male-female founders most successful – survey Black tech startups in SA still struggling finds new Ventureburn survey SA tech startups...

  • Infographic: the 2018 Ventureburn Tech Startup Survey

    The 2018 Ventureburn Tech Startup Survey, powered by Telkom Futuremakers, has delivered plenty of insights into the South African startup landscape. The survey, following on from last year's edition, saw 153 South African startup founders respond. But what should you know? You can view all the articles here, but we’ve also prepared an infographic for your convenience, outlining a selection of findings. Check it out below.   *Note on the methodology the survey used: In all there were 169 respondents to the survey which was conducted using an online questionnaire, by data analytics firm Qurio. Of this number, 16 respondents were found to be employees of startups (rather than...

  • SA tech startups still out of touch when getting angel, VC funding – survey

    Over a quarter of founders or 29% of SA tech startups believe that they will grow their business by securing venture capital (VC) or funding from angel investors – yet the reality is that only about 11% report having been able to secure such funding, a new survey reveals.  Are startup founders then out of touch with reality? The figures are revealed in the 2018 Ventureburn Tech Startup Survey powered by Telkom Futuremakers which was released today. The survey sampled 153 SA tech startup founders. The finding is similar to that of a 2017 survey Ventureburn conducted last year of 260 startup founders. In this...

  • Black tech startups in SA still struggling finds new Ventureburn survey

    While 15% of SA tech startups founded by white entrepreneurs are turning a profit, just seven percent of their black counterparts are making a profit, a new survey by Ventureburn has revealed. The Ventureburn Tech Startup Survey powered by Telkom Futuremakers – which was released today – found that while the number of black (black African, coloured, Indian or Chinese South African) entrepreneurs running technology startups appears to be on the rise, most are struggling to make money or access finance. Black startups on the rise In all, 56% of the 153 startup founders surveyed by Ventureburn in an online survey, listed themselves as black –...

  • Gauteng home to most tech startups, but Cape firms still more successful – survey

    Gauteng is now home to 55% of tech startup founders — ahead of the Western Cape’s 37%. In all, 36% of Western Cape startups report turning a profit or generating significant revenue, compared to 22% in Gauteng. The percentage of black tech startups has risen from 26% in 2015, to 56% this year. Just seven percent of black tech startups turn a profit, versus 15% of their white counterparts. Over a quarter of startups plan to raise angel or VC funding, but only eight percent receive such funding. Successful startup founders are most likely to be white males from the Western Cape. The Western...