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Startup news

  • Events platform Eventerprise welcomes new investors for expansion

    Events platform, Eventerprise, which has an operational hub in Cape Town, has signed on three more international business leaders to their existing group of early-stage investors. This addition will aid in its plans for global expansion. "This shows that there’s a definite groundswell of support from the international events and business community for what we are trying to achieve, which is making the global events industry a more transparent and easier place to do business in," said the Eventerprise co-founder, Charlie Wright, in a press release. "It is especially gratifying to receive this level of endorsement from individuals with great insight into...

  • Reel Gardening takes home Agripreneur of the Year Award

    South Africam gardening startup, Reel Gardening has taken home the prestigious Agripreneur of the Year Award at the Future Agro Challenge (FAC) held in Johannesburg. Founder of Reel Gardening, Claire Reid bested eight other competitors in a live pitching competition. Last year's winner, Nicolás Morelli commented on Reid's victory. "Winning the championship opened many doors for me and I look forward to seeing what Reid will achieve being propelled from this platform," in a press release to Ventureburn. As the winner of the competition, Reid will be receiving ongoing mentorship, partner possibilities, as well as the chance to expand her business into different markets. Reel...

  • Media24 acquires 10% equity in SA music streaming service NicheStreem

    South African media company Media24, has invested an undisclosed amount to acquire 10% of music streaming service NicheStreem. The service focuses on emerging markets and curated music solutions. NicheStreem and its product The service is solely founded by Catherine Lückhoff, who was previously an Exco member of Silicon Cape, as well as chief business development officers and head of brand strategy at Bozza.mobi. Though Lückhoff couldn't give us the exact amount that Media24 had invested, she did say NicheStreem is raising a US$1.5-million round on a US$3.5-million valuation, and 50% of that has been filled so far. NicheStream's first and only product thus far, Liedjie, launched in 2016 as...

  • AUC Venture Lab mentor invests in JewelHub

    One of the AUC Venture Lab's newest mentors, Nada El Mosalamy recently invested an undisclosed amount in online shopping platform, JewelHub after graduating from the accelerator. El Mosalamy met the co-founders of JewelHub, Haytham Ragab and Mohamed Ebeid when she just began mentoring at the AUC Venture Lab. She expressed how Ragab and Ebeid's excitement and passion for their company was a huge factor in swaying her to invest. "It has been a great opportunity to meet JewelHub through my mentoring at AUC Venture Lab. They have been great to work with and help grow. I am very happy with my investment with them...

  • #YouthStart entrepreneurial challenge open to Cape Town residents

    Created by the City of Cape Town, the #YouthStart Challenge aims to provide young Capetonian entrepreneurs with an opportunity to either grow their business or get it off the ground. The challenge was announced on the DA's website. This year's #YouthStart Challenge will also feature a digital solutions category for entrepreneurs and SMEs operating in the space. "Unemployment, poverty and inequality are some of the biggest challenges in South Africa and young people, in particular, are bearing the brunt," said the City’s mayoral committee member for safety and security; and social services, Alderman JP Smith. "Entrepreneurship has been identified as one of the ways to tackle...

  • Livity Africa, Facebook launch entrepreneurial training programme

    Youth-led NPO Livity Africa, in collaboration with Facebook has launched a digital training programme for entrepreneurs to assist in accelerating their businesses. This partnership between Facebook and Livity Africa expands on the "network effect" of the Digify programme which was launched in SA in 2014 as well as Nigeria and Kenya in 2016. The new development programme will cover three core elements: Digify Prot Startup: A six-week training module for entrepreneurs which helps accelerate the growth of their businesses using digital skills and tools. Boost Your Business: One-day training interventions to assist entrepreneurs with any issues they face. Digify Entrepreneur TTT (Train the Trainer): Is...

  • Seed Academy launches ‘State of Entrepreneurship’ survey

    The Seed Academy has opened up its survey The State of Entrepreneurship in South Africa - The Entrepreneurs View to all SA entrepreneurs to help portray an honest perspective of the entrepreneurial landscape. According to the incubation and funding programme, the survey came about due to high unemployment rates and poor growth related to the current economy. Survey participants could stand a chance to be a part of a one-on-one session with some of SA's leading entrepreneurs. The lineup for the one-on-one sessions includes Gil Oved, Miles Khubeka, and Ian Fuhr. This year, the survey expands the scope and focus from startups to entrepreneurs. According...

  • Mama Money expands to three more African countries

    Fintech remittance startup Mama Money, has announced aggressive expansion plans into Mozambique, Malawi, and Kenya by April. It has already expanded into Nigeria, Ghana, and Tanzania. The company started off as a money transfer service from SA to Zimbabwe, but has since expanded to include 650 Mama Money agents and 32 000 cash points for consumers to utilise. "In Zimbabwe, through Mama Money’s integration with financial institutions, we are reaching six million mobile wallets and two million bank accounts," says co-founder of Mama Money, Raphael Grojnowski, in a press release to Ventureburn. It has partnered with entities in different countries, such as 25 of the largest banks and mobile...

  • Click2Sure: Groupon co-founder set to take on insurance sector

    Daniel Guasco, the former Silicon Cape chairperson and ex-founding director of Groupon South Africa, has launched Click2Sure, which looks set to disrupt the insurance sector. Guasco is also the co-founder of early-stage investment fund Team Africa Ventures, which is run by himself and co-founder Wayne Gosling. The service stands out from traditional offerings by digitising the distribution as well as the management and administration of insurance. "With Click2Sure, we have simplified the processes and limited the documents and human intervention required, that go together with traditional insurance offerings and have replaced them with a simple, completely customer-centric offering. As a result, we have been able...

  • AgriTech platform GreenFingers Mobile secures €70 000 investment

    AgriTech platform, GreenFingers Mobile (GFM) has announced equity seed investment from The Hivos Food & Lifestyle Fund, to the tune of €70 000 (+R960 000). The startup was established in 2015 as a partnership between SA business accelerator Impact Amplifier and mobile-first technology company, Mobenzi. It uses a Software-as-a-Service Android app to provide management and finance to over 5000 smallholder farmers across three African countries. "The GreenFingers solution is an important tool in enabling ethical supply chains, through the management of large, real-time data sets. We hope that GreenFingers can make it easier for large food companies to work with smallholder farmers, playing a...