• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

Venture capital

  • Major VC Knife Capital officially launches online due diligence tool

    Today, South African VC firm Knife Capital officially launched its online due diligence tool for startups and investors. The web-based tool, called YueDiligence, automates and structures the initial due diligence process to capture, analyse, summarise and communicate the commercial potential of a company in an investor-friendly format. Co-founder of YueDiligence and Knife Capital Keet van Zyl explains that while access to funding remains one of the startup industry's most pressing challenges, lack of access to information may be the real reason why not more entrepreneurial ventures get funded. "Without seamless information exchange during the due diligence process, the investment cycle drags on...

  • $100m fund launches to catalyse African entrepreneurship, job creation

    A fund worth a whopping US$100-million has recently been announced to support nearly 1 000 entrepreneurs in Africa. The second of its kind within the last year or so, the so-called GroFin Small and Growing Businesses (SGB) Fund seeks to catalyse sustainable job creation by supporting small and growing businesses across the continent. As revealed in a media release this week, the fund plans to support 9 800 under-served entrepreneurs who, in turn, can help create 47 000 sustainable jobs across Africa over the next 10 years. Specific countries of focus include Uganda, Kenya, Tanzania, Rwanda, Ghana, Nigeria, Zambia, South Africa and...

  • Everything you need to know about the South African startup ecosystem [2015/2016 Update]

    Update: Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to the right place. Ventureburn presents an updated guide to South Africa’s startup scene. This article is the most comprehensive guide for anyone who wants to get involved with, or have a better understanding of, the country’s fast-growing startup space. It is a part of a series of articles we will pilot, which will also include the West African and East...

  • Aurik Investment Holdings boasts job creation under tough economic climate

    Price Waterhouse Cooper recently revealed that one of the biggest challenges for emerging companies in South Africa is having access to market. It seems, however, that a local firm is determined to help them overcome this hurdle. Gauteng, South Africa-based Aurik Investment Holdings supports some 27 startups and early-stage businesses, which have collectively created 63 jobs since 2013. Within the last year, these companies furthermore reported an increase in average annual turn-over by 52%. Aurik Investment Holdings comprises of Aurik Enterprise & Supplier Development and Aurik Business Accelerator, which work with entrepreneurs and corporate companies to build successful entrepreneurial businesses and...

  • 4 tips on getting the right angel investor for your startup

    The spotlight is usually on the most active VCs leading massive rounds across the board. But what about those relatively unsung heroes that fill the pre-Series A funding gap where others are too cautious? We had a chat with Michael Blakey, a Singapore-based angel investor of 16 years, to learn more about the do’s and don'ts of fundraising and leg work startups should do before asking for money. After plowing away at the UK market for 13 years in London, Blakey turned his gaze to Asia and began investing in startups in Singapore. Reason for choosing Singapore is simple: As he...

  • 8 steps to consider before investing in a web-based startup

    Web-based startups can offer phenomenal returns on investment without the need for a large staff or expansive physical infrastructures to make them happen. A few years ago, a friend told me he’d found a website that generated US$50 000 in annual revenue. He claimed no more than 10 hours of work a week were needed to operate it; he landed the site for a steal. He was excited for its potential -- and excited he’d made a solid investment. Envious, I followed his acquisition with particular scrutiny. Sure enough, it looked like a great investment — for two months....

  • Capria launches global business accelerator for impact VCs

    US-based venture capital firm Capria has launched a global accelerator programme for impact VCs. Yes, that's a VC-cum-accelerator for VCs. Claiming to be the first of its kind, the initiative aims to support and help catalyse new fund managers backing startups primarily in markets including South Asia, Southeast Asia, Africa and Latin America. Founded by Will Poole and Dave Richards Unitus Seed Fund, which focuses on India, the pair has a track-record of 15 years in supporting startups, which have collectively raised over US$1.2-billion within the last 15 years. "Current trends indicate that over the next decade that there will be hundreds of...

  • We Are Monsters web agency to join Silvertree’s high-growth portfolio

    South African web and mobile development agency We Are Monsters will enter a partnership with Silvertree Internet Holdings, a pan-African tech investment firm which recently boasted investments totalling R20-million made within the first seven months of 2015. Based in Cape Town, Silvertree incubates and invests into ventures, and focuses on execution of simple, proven business models. We Are Monsters will secure growth capital and join Silvertree's portfolio that includes notable ecommerce sites Faithful to Nature, Click n Compare and WineCo. In a press release, the firm noted that its portfolio has enjoyed month-on-month revenue growth of over 10%, and as much as...

  • Major South African VCs to officially launch web-based due diligence tool

    Major South African venture capitalists from Knife Capital are gearing up to launch a startup called YueDiligence, which aims to assist entrepreneurs and investors with due diligence. By relying on a web-based questionnaire, GAP analysis and a range of other tools, YueDiligence intends to help stakeholders make better early-stage investment decisions. The YueDiligence team is made up of Keet van Zyl, Andrea Bohmert and Eben Van Heerden from the renowned VC firm, Knife Capital. Not only did the firm see through the exit of iKubu to Garmin early this year, it also reported a 61% increase in revenue for the companies participating...

  • Lessons learned from Angel Investor Bootcamp in South Africa

    On 27 August the third session in a series of Angel Investor Bootcamps leading up to the ABAN Investor Summit at DEMO Africa was hosted in Cape Town. The Bootcamps are organised by the African Business Angel Network (ABAN) in partnership with VC4Africa, Intercontinental Trust and the LIONS Africa Partnership. The Cape Town edition was hosted together with the Silicon Cape Initiative. Alexandra Fraser, past-chairperson of Silicon Cape, welcomed an audience of angels, entrepreneurs and potential investors who were there to learn more, share experiences and to network with each other. “Angel investing is never just about the money” said Fraser. “It’s about bringing...