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Startup news

  • Vox buys out SA cloud marketing outfit Everlytic

    One of South Africa's leading telcos, Vox, has just acquired a majority stake in local cloud communications startup, Everlytic. The buyout comes in the wake of impressive growth by Everlytic over the last few years. “The addition of Everlytic completes our portfolio of products and solutions that allow customers to communicate via any delivery channel -- email, fax and SMS. They also add significant intellectual property (IP) in campaign management and success that we are keen to leverage,” says Jacques du Toit, CEO of Vox Telecom in a press release sent to Ventureburn. Everlytic started out as a communications agency,...

  • Vault is the SaaS for all your investor relations needs

    The Johannesburg Stock Exchange (JSE) encourages listed companies to keep accurate records of all discussions with journalists and investment analysts for future reference. Though, the way most JSE-listed companies communicate with their shareholders and other stakeholders is outdated, costly and inefficient. "Updating information about any given entity to shareholders would typically take a few hours," says Simon Hammerton, co-founder of Johannesburg-based startup Vault. After 10 years of being involved with investor relations (IR), entrepreneurs James and Simon Hammerton realised that there has to be a better way of doing things. This is why they launched Vault, which has shown impressive growth...

  • African mobile VoD platform Tuluntulu boasts user growth [update]

    New African Video on Demand (VoD) platform Tuluntulu is turning heads with its services. The company offers African-focusses content to a global audience and has received international recognition in the process. Since launching in 2014, the startup was not only a finalist in the MTN App of the Year Awards 2015, but also won the Frost & Sullivan 2015 South African Video-on-Demand Customer Value Leadership Award, Technology Top 100 Innovation award, and the Best African App AppsAfrica award. It was also selected by Unilever Foundry 50 as one of the top 50 startups in the world for 2015. "While our key focus...

  • Two SA startups to battle it out in international pitch competition

    South African companies Newtech Rail and Adfire Creative M3dia’s iMORPH3D app will compete in the international Get In The Ring finals in Colombia later this year. This comes after the two startups battled it out against seven other African startups in a pitching session in Johannesburg recently. The Get In The Ring competition made its debut last year in South Africa and is part of the Dutch House of the Future programme. Today it has participants from 64 countries, connecting more than 3 000 entrepreneurs to thousands of funders and millions of fans. The competition is brought to Africa by The...

  • Domestic cleaning startup SweepSouth sweeps in R10m

    Jacques Coetzee contributed to this article. Cape Town-based on-demand cleaning service SweepSouth has announced a new R10-million round of funding. This follows a thrilling 2015 which was filled with impressive company growth as well as recognition by one of Silicon Valley's most prestigious accelerators. The new round comes from First Rand Group and Jobs Fund's capitalised Vumela Fund, which is managed by FNB and Edge Growth, as well as Newton Partners, owned by Vinny Lingham and Llew Claasen. In October 2014, SweepSouth was the winning pitch at the SiMODiSA Startup SA conference. In April 2015, it went on to secure seed funding...

  • Mobile Challenge Africa crowns three winners from Sub-Saharan Africa

    Last week saw the final round of the Mobile Challenge Africa (MCA) startup competition, where three exciting mobile-focused entrepreneurs were recognised for their innovations. The event is co-founded by European business school IE Business School and IMTIAZ Middle East. "It was a fantastic event where we could see the enormous talent and potential that there is in the region," says Catalina Tejero, Associate Director for the Middle East & Africa, IE Business School & IE University. Out of the eight contestants on the day -- several of which were unavailable -- three winners were chosen. The winners were Kenyan credit card processing and paying system, LipaPlus; Gifted Mom from...

  • Online entertainment startup iROKO closes $19m in deals

    Online entertainment startup iROKO has revealed that it's closed multiple deals totaling US$19-million to beef up the Nigerian company's operations and expand across the continent. The figure is made up of content development and capital funding deals from French media giant CANAL+ and existing investor Kinnevik AB. Launched in 2010 and headed by renowned entrepreneur Jason Njoku (pictured above), iROKO claims to be the largest online distributor of African content in the world. IROKOtv, for instance, claims to be the world’s largest online catalogue of Nollywood movies, with over 10 000 hours of movie and TV content streamed on-demand. “With millions more...

  • SA decentralised communication startup joins Silicon Valley accelerator

    Port Elizabeth, South African-based startup Tuse by Millbug is joining Silicon Valley's Founders Space accelerator programme. Thulisile Volwana, Sabelo Sibanda and Michael Kyazze are behind Tuse, which is described as an Android app that allows people to "create wireless mesh networks using their WiFi-enabled mobile devices". Users are then able to send texts, transfer data and make phone called to other people in their network, without the need of traditional wireless infrastructure or network coverage. Read more: SA tech company launches Vuya solar powered tablet After traveling to Germany, Israel, Palestine, Turkey, Ghana and Nigeria since last year, Sibanda tells Ventureburn that...

  • Former Magento heavyweight boards booming SA fintech startup

    Former VP of Engineering at eBay subsidiary Magento, Ted Pietrzak (pictured right), has joined South African fintech startup Jumo to help develop its ground-breaking system to enable financial inclusion in Africa. The appointment is said to mark the first American platform level CTO to be recruited by an African company. The news also adds weight to the startup's impressive hiring spree, growing its team of seven to over 100 within the last 12 months. Headquartered in Cape Town with an office in Nairobi, Jumo is said to have attracted a concentration of data and technology pioneers from across Africa, including talent from Amazon,...

  • SA accelerator boasts startup success, R65m in revenue generated

    Adding weight to its belief that business growth can be engineered, South African VC firm Knife Capital has just revealed "explosive" results of its second Grindstone accelerator programme. On average, the 12 participating companies collectively grew revenue by R65-million while creating more jobs. The programme follows an already impressive Grindstone 2014 which climaxed in the acquisition of radar startup iKubu by Garmin. Grindstone 2015 had a tough act to follow, no doubt. "The success of our first programme meant that we've now set a precedent for ourselves, and we didn't want to be a once-off hit," said Andrea Bӧhmert of Knife...