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Startup news

  • Nigeria’s Terragon Group acquires Singaporean mobile ad company

    Nigerian data analytics company Terragon Group has announced that it has acquired Singaporean mobile advertising company Bizense. In a statement on Monday (12 November), the Lagos-based company did not disclose how much it had acquired Bizense for. However, Terragon stated that the acquisition deal was a "cash plus stock deal" which it went on to claim as "the first of its kind and scale in Africa". Bizense's flagship product is a mobile advertising platform for telcos, large publishers and advertising networks called Adatrix. The deal will enable Terragon to further adapt and integrate Bizense's marketing technology software for financial services institutions and consumer brands across Africa. Terragon entered into...

  • Meet the Cape Town, Jozi startups that will pitch at Seedstars SA finals

    After holding pre-selection rounds in Cape Town and Johannesburg, emerging market startup competition Seedstars World will tomorrow (14 November) host the Seedstars South Africa Finals in Cape Town. The finals will take place at Seedspace Cape Town. At the event, seven South African startups from Cape Town and Johannesburg will compete for an opportunity to represent the country at the Seedstars Africa summit in Tanzania next month and the global summit in Lausanne, Switzerland in April next year. At the global summit, the winner stands a chance to take home up to $1-million in funding and other prizes. The Seedstars South Africa Finals will...

  • Here are the nine startups set to pitch at Seedstars Banjul this Saturday

    Seedstars World, one of the leading startup competitions for emerging markets, has announced the nine Gambian startups set to pitch later this week at this year’s Seedstars Banjul pitch event. The pitching event, which will be held on Saturday (17 November), will see nine seed-stage startups compete to represent Gambia at the Seedstars Summit in Switzerland as well as next month's Africa regional summit in Dar es Salaam, Tanzania. In addition, the winning startup will be in the running for $1-million in equity investments. A jury panel comprised of InSIST Global founder Seedy Bensouda, QCell chief information technology officer Isatou Jah, TAF Africa Global regional...

  • Microsoft SA launches Head Start programme to help startups grow

    SA tech startups are set to benefit from tech, business development and legal support following Microsoft SA's announcement today (12 November) of the launch of its Head Start programme. Through the support programme, Microsoft aims to help startups grow by providing them with access to wide ranging skills development, development resources, access to coaches and mentors as well as its customer network. In addition, the programme will also provide participants with access to Microsoft's customer network and its Azure cloud computing platform. Microsoft already runs the programme in two other countries, the United Arab Emirates and Pakistan. Microsoft's Head Start programme will provide SA startups...

  • Obsession with raising $1bn to become a unicorn is wrong says Silvertree man

    It is wrong and flawed for investors and entrepreneurs to focus on creating the next unicorn (a tech company with a billion-dollar valuation) charges investor Manuel Koser, co-founder and managing director of Silvertree Internet Holdings. Speaking at a panel at the 2018 Africa Early Stage Investor Summit, hosted by VC4A at Workshop 17 in Cape Town, Koser says the focus on trying to create the next unicorn leads to what he calls a "dangerous obsession" by entrepreneurs on raising funding, over building a business that is customer centric. The panel was moderated by Burn Media founder Matthew Buckland. "So what if you raise...

  • Second class of Launchpad Africa have raised $12m, created 253 jobs – Google

    The 11 startups from the second class of Google’s Launchpad Africa accelerator have created 253 jobs and have raised over $12-million before and during the programme, says the accelerator's head of startup success and services Folagbade Olatunji-David. In addition, the 33 founders from six countries that made up the programme's participants also raised $110 000 in equity-free funding from Google. In a statement on Friday (9 November), when the second class of startups from Google’s Launchpad Accelerator Africa programme graduated, Olatunji-David said over the course of the three-month programme, the 11 startups comprising Launchpad Accelerator Africa Class 2 engaged with 48 mentors from nine countries. The nine countries...

  • Botswana food delivery startup MyFoodness wins Seedstars Gaborone

    Botswana food delivery platform MyFoodness has been selected as the winner of Seedstars Gaborone pitch event, which took place on Friday (9 November). MyFoodness was placed first for its food ordering and delivery app which has cashless payment solutions embedded in it. Music streaming platform Moments was placed second, while artificial intelligence (AI) powered personal assistant Mohiri came third for its solution which helps users get hired by alerting them when there are jobs in their respective areas which match their profile. MyFoodness will now represent Botswana at the Seedstars regional and global summits By winning Seedstars Gaborone, MyFoodness will go onto represent Botswana at the Seedstars Africa summit in Tanzania...

  • SBC AfriTech startups have raised €600k and secured 20 pilot agreements [Updated]

    Startupbootcamp (SBC) AfriTech participants have been able to secure 20 proof-of-concept, pilot and commercial agreements and collectively raise €600 000 in funding to date, the Cape Town based tech accelerator announced yesterday (8 November). The announcement was made at a demo day held at Old Mutual's head office in Cape Town which was attended by over 200 investors and corporate leaders. During the event, which was held to conclude the accelerator's second cohort, several of the startups that participated in the accelerator's 13-week programme announced that they had either secured agreements or were in discussions with corporates, investors and government entities. SBC AfriTech's second cohort was...

  • ‘Seedstars regional summit to help foster meaningful discussions’ [Q&A]

    Having successfully held 15 pitch events -- with another taking place today (9 November) in Botswana -- and with four more to go, Seedstars World is close to wrapping up its annual tour of some of Africa's top tech startup ecosystems. For those in the know, that means one thing -- the organisation's annual Africa regional summit is just around the corner. This year's edition will take place in Dar es Salaam, Tanzania on 13 December. Ventureburn readers can get discounted tickets (see here). Read more: Here’s how to qualify for 10% discount on Seedstars Africa Summit tickets The 2018 Seedstars Africa Summit will...

  • We’re set to become first tokenised African tech accelerator – Kenya’s iHub

    Kenyan hub and tech accelerator iHub today (8 October) announced that it will digitise all of its company assets using blockchain technology, and claims that this will make it the first tokenised African tech accelerator. The accelerator made the announcement at the ALN Africa Conference during the ALN Africa Investment Conference which ends today in Dubai. The hub announced that it is partnering with Raise, a Bahamian and Kenyan startup that aims to make it easier to digitally manage and trade corporate assets by providing a compliant way to securitise assets using blockchain technologies iHub will work with Bahamian and Kenyan startup Raise...

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