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Startup news

  • Big publishing dreams for Snapplify with SPi Global partnership

    Popular mobile digital publishing solutions provider Snapplify has announced a global partnership with SPi Global, a global digital and epublishing service provider to content owners and publishers. Snapplify launched in 2011 at the Frankfurt Book Fair and has seen some major successes in the last few years with multiple partners in Kenya, Nigeria, Zimbabwe, the US and UK. According to the startup, "after the launch of the first iPad, a highly successful new generation new generation of app developers for tablet and smartphone platforms are rapidly going global, and they’re using partnerships to further accelerate their expansion". "We've established a...

  • Malaysian startup iMoney seeks to expand after securing US$500 000

    Malaysian startup iMoney has received US$500 000 in funding from Asia Venture Group (AVG). iMoney is a financial advisory and banking service comparison app and seeks "to change the financial landscape in South East Asia." iMoney is a financial package comparison site. It allows you to compare banking services and products available on the market. These services include comparisons and application of financial products like mortgages, personal loans and credit cards. The point...

  • Knife Capital launches new Accelerator for post-revenue startups

    I can't say this surprises me. South African growth equity fund manager Knife Capital has launched a later-stage business accelerator in Cape Town. Knife Capital manages Mark Shuttleworth’s HBD Venture Capital's South African portfolio of investments and was named the South African venture capitalist of the Year in 2012 and 2013 by Acquisition International Magazine. The news comes from this year's Global Forum on Innovation and Technology Entrepreneurship currently taking in place in South Africa. According to Knife, the point of the programme is to "assist post-revenue high-growth technology enabled SMEs to become sustainable and fundable". Acceleration programmes and startup competitions are...

  • 5 top startups emerge from the Global Forum

    Entrepreneurs are important. They help drive economies by creating jobs and their disruption of industries can help push innovation forward. Giving them a helping hand is therefore pretty important, which is what the Global Forum, currently taking place in East London, South Africa is all about. And now, Ventureburn can reveal the top five startups from the event's Dragons' Den contest. The winners, selected from the top 20 we wrote about recently,...

  • GoMetro launches in Eastern Cape, brings relief to commuters

    As promised, GoMetro is rolling out its traveller information system to railway commuters in the Eastern Cape. The Cape Town startup has a partnered with Metrorail Eastern Cape to become a digital resource for the 40 000 train users of East London and Port Elizabeth. GoMetro's service delivers train schedules, updates, announcements and other important information to commuters' mobile phones. Commuters can also access a trip planner, fare calculator as well as general...

  • Africa’s most promising entrepreneurs get special fundraising opportunity

    Venture Capital for Africa (VC4Africa), the large African entrepreneur and investor community, launched an opportunity for promising African entrepreneurs to raise capital. Entrepreneurs selected to be a part of VC4Africa's June 2013 Cohort will receive three months of targeted coaching, personal introductions to angel investors and principals at key investment firms. Application closes Wednesday 12 June and selected entrepreneurs will be announced on Wednesday 19 June. Entrepreneurs who apply must have a solid...

  • Ushahidi’s BRCK reaches and surpasses its Kickstarter goal

    Well this is super cool. The Ushahidi initiative that hopes to connect users the internet no matter where you are and without electricity has done it: the project has raised more than US$125 000 on Kickstarter. BRCK which is described as "the easiest, most reliable way to connect to the internet, anywhere in the world, even when you don’t have electricity," reached and surpassed its goal last night. "At 10:40am PST, we crossed our $125 000 mark with our 814th contributor. We have now rewarded over 430 BRCKs. This is huge. We are blown away by the support for this...

  • Meet the top 20 entrepreneurs at the Global Forum

    Recognizing entrepreneurs that are doing amazing work around the world is quite important and that's what the Global Forum on Innovation and Technology Entrepreneurship is all about. This year's event is currently taking place in South Africa and touts itself as a "biennial flagship event convening the global innovation and entrepreneurship community to exchange know-how, establish partnerships and develop innovative approaches". It's hosted in partnership with the South African Department of Science...

  • Startups are gonna start: meet the Net Prophet 8

    As a startup journalist I am always looking for interesting startups to chat to. I want to write about them and tell you how they are going to save the world, or not. As part this year's Net Prophet event, an annual gathering of 2 000+ geeks and one of the bigger tech conferences on the South African calendar, the Silicon Cape Initiative decided to do give some startups a little press time. It's a pretty nifty idea: get a bunch of startups in a room with the media, let them pitch their ideas and hopefully get some exposure....

  • SleepOut raises $200 000 seed funding, launches online travel mag

    SleepOut - Kenya's leading online accommodation marketplace announced today that it has raised approximately US$200 000 in seed funding, intended to finance expansion across Africa and the Middle East. The site, which allows users to find, offer and book accommodation, launched its BETA site in June 2012. Leading the funding round for the Nairobi-based company was Africa Media Ventures Fund (AMVF) coming out of Amsterdam. Lot Carlier, Managing Partner at AMVF remarked, "We are truly excited to embark on this venture. As internet penetration and e-commerce increases on the continent a new consumer class is emerging and SleepOut is simply in...