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  • Ahead of new deal Clifftop Colony head speaks on portfolio’s performance [Q&A]

    Clifftop Ventures, the venture investment arm of financial firm Clifftop Colony, is expected to announce its fourth deal, an official at the company confirmed today. Clifftop Colony corporate financial analyst Christoff Fernhout said the term sheets for the deal had been finalised and that the company is expected to make an announcement of the deal next week. In March Clifftop Colony CEO Oliver Drews said the investment company had earmarked a fourth investment, "like Wyzetalk a seed investment", and had spent the last "six months or so" getting to know the founders team and refine the business model together with them. Read more: With Zuma gone, investor interest has picked up...

  • Company Office

    B2B ecommerce's untapped potential: How innovative companies can capitalise on the massive gap for growth

    Cape Town, 25th January, 2016: Ecommerce in South Africa – while still just a slice of the overall retail pie - is growing as much as 35% per year*. However, of this, the lion’s share still operate in the B2C space, suggesting that B2B companies – those that use the web to sell goods and services to other businesses - have yet to cotton-on to its very lucrative potential. So says Charlie Stewart, CEO of digital marketing agency Rogerwilco and co-author of Business to Business Marketing. A Step-by-Step Guide (Penguin). “B2B is perceived as the less sexy sister of B2C,...

  • SA crowdfunding site The People’s Fund in first payout of R43k to 42 investors

    Ten months after launching, Johannesburg based crowdfunding platform The People’s Fund has made its first payout of R43 800 to 42 investors who earlier this year invested a total of R219 000 in a Bloemfontein based internet company, MySurfer. The People's Fund is an initiative of three companies -- entrepreneurship networking organisation the Hookup Dinner, BrownSense which runs a monthly market in Midrand for black businesses and digital marketing company Payback. Speaking to Ventureburn yesterday, platform's co-founder Luyanda Jafta said it is the first of eight expected payments to MySurfer investors who invested in the campaign which ran from November last year to February. MySurfer provides...

  • CDI Capital launches new application round for R12.8m Growth Fund

    The Craft and Design Institute (CDI) has opened a new round of applications for its R12.8-million Growth Fund which aims to help 60 small businesses scale up and create jobs. Applications close on 29 June. The Growth Fund is managed by CDI Capital -- which was incorporated as a CDI subsidiary in 2016 to catalyse funding for SMEs -- and includes contributions from the National Treasury’s Jobs Fund, the Technology Innovation Agency, and the Western Cape Department of Economic Development and Tourism. To be eligible for the fund, businesses must be at least one year old, tax compliant South African-owned and have turnover or assets...

  • SA fintech Bettr launches alpha version of ‘financial ecosystem’ at MoneyConf event [Updated]

    SA fintech startup Bettr has launched the alpha version of its community-built financial ecosystem today at the annual MoneyConf tech event in Dublin. Bettr -- which aims to go live in the final quarter of 2018 with its alternative banking service for everyday transactional use -- is one of only two South African fintechs to be invited to attend and pitch to heavy-weight investors at the event. The other SA startup that will attend is Johannesburg based cryptocurrency investment platform BitFund. On its website, Bettr claims it will offer a low cost account and app powered by a debit card. "It works like a bank, but with additional features...

  • AfriLabs extends network into North Africa, West Africa, Somaliland, Angola

    Afrilabs, a pan-African network of tech innovation hubs, has announced that it is adding 40 new hubs to its network and extending its reach to six countries: Algeria, Angola, Ivory Coast, Mali, Morocco, and Somaliland -- an autonomous region of Somalia. Afrilabs announced the expansion in a blog post on Friday (8 June). Afrilab's executive director Anna Ekeledo said the organisation had launched in 2011 with just five hubs. "The journey to 100 hubs has been an interesting one. We are thrilled with the overwhelming positive response from our network members and the tech and entrepreneurial community at large. Here’s to 100 more," Ekeledo said in...

  • Google opens applications for its second class of Launchpad Africa accelerator

    Google has opened applications for the second class of its Launchpad Accelerator Africa programme. The programme will now take applications from an additional 12 African countries -- to add to the six that it took applications from in the first class. The announcement was made by Google last Friday (8 June) in Lagos during the graduation of the first 12 startups from its first three-month programme. Applications for class 2 close on 8 July. The 11 new countries from which Google is accepting applications from are: Egypt, Tunisia, Algeria, Morocco, Zimbabwe, Rwanda, Cameroon, Botswana, Senegal, Ethiopia and Cote d’Ivoire. The 12 startups from Google's first Launchpad Africa cohort together...

  • Top startup events in South Africa, Africa you should know about this week [11/06/2018]

    This Saturday (16 June) marks a very important public holiday in South Africa, Youth Day. In keeping with celebrating the country's youth, if you are in Cape Town why not head down to Philippi tomorrow (12 June) to find out how three young South African female entrepreneurs started their businesses and have managed to successfully run them. If you're in Ghana, one of West Africa's biggest tech trade shows Accra Mall Mobex Tech Expo takes place this week. While in Nigeria startups will converge in Uyo for this year's edition of the Start Conference Festival. This article is part of a weekly series...

  • Go Solo for dad this Father’s Day [Sponsored]

    Dads can be tricky to buy gifts for. Golf balls, socks, hampers and CDs are grand. But, for something functional -- something they will actually use and something to last longer than a hamper of biltong -- think Solo. From New York to Johannesburg, Cape Town and Durban, thanks to Gammatek, Solo is the go-to brand for cases and bags. For work and play, Solo bags are stylish, functional and packed with character. Produced with quality, durable materials, they have great features that will impress dad. These include internal organisers and compartments for organising documents; internal pockets for keeping iPads and tablet devices safe...

  • Lumkani to extend coverage in Joburg, expand team after closing seed round

    Cape Town-based startup Lumkani is set to service more communities in Johannesburg, this after it announced yesterday (7 June) that it had closed a seed round with 4Di Capital, Accion Venture Lab and Lireas. The social enterprise startup has developed an early-warning device for fires in informal settlements and an insurance product it launched in 2016. "We are looking to extend deeper into Johannesburg," Lumkani director David Gluckman told Ventureburn today. While he declined to comment on the details of the deal, he said the startup is looking to grow its presence in Gauteng. The company currently has an office in Johannesburg. He added that the startup --...

  • KZN company headed by two women clinches FNB Business Innovation Awards

    The Saryx Engineering Group, a Richards Bay (KZN) based company headed by two women, was last night selected as the winner of the 2018 FNB Business Innovation Awards. The company was founded by Ingrid Osborne (pictured above) and Julie Mathieson in 2009 and develops innovative control and automation, as well as safety compliance solutions. FNB will sponsor the two to travel to Argentina in September where they will participate in an Endeavor International Selection Panel. Saryx Engineering Group was selected ahead of eight other finalists which included CompanyHQ, Howler, GAAP Point-of-Sale, NewSpace Systems, Olympic Paints, Pargo, Rhino Africa, and Skynamo. Sarynx Engineering Group founders Ingrid Osborne and Julie Mathieson Commenting on...