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Everything you need to know about SA’s tech startup ecosystem [updated 2019]
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 the 2018 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...
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Top startup events in South Africa, Africa you should know about this week [10/2/2019]
Arguably this week's biggest event is the African Tech Summit Kigali which kicks off on Wednesday (13 February) in the Rwandan capital.Games are all the rage in Cape Town this week. Look out for the Gamification Workshop taking place in Woodstock on Tuesday (12 February). Another event in the city on Wednesday (13 February) will look at how game developers have secured clients and funding. Those in Joburg who are curious about South Africa's drone industry will want to check out AeroCon 2019 on Tuesday (12 February) This article is part of a weekly series that highlights all the top startup...
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SA SME Fund commits R110m to hardware tech incubator Savant
The R1.4-billion SA SME Fund has committed R110-million to Cape Town based hardware tech incubator Savant, with 50% of this amount earmarked for black African owned firms, the fund's CEO Ketso Gordhan revealed today. The idea is that R100-million of the R110-million from SA SME Fund, will be committed towards the first close of a R100-million Savant venture fund that will invest in hardware tech businesses with products that are ready for market, Savant CEO Nick Allen (pictured above, left signing the deal with Gordhan yesterday - 7 February) told Ventureburn today. The fund, which is capitalised by 48 JSE-listed firms, was launched in 2016...
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Zimbabwe’s Strive Masiyiwa announces $100m Masiyiwa Rural Challenge Fund
Econet Wireless founder Strive Masiyiwa will launch a $100-million revolving fund for young Zimbabwean rural entrepreneurs and rural-focused ventures. Masiyiwa (pictured above) made the announcement in a post on his Facebook page on Wednesday (6 February). The fund will be set up by the Zimbabwean founder of the telecommunications group and his wife Tsitsi Masiyiwa. In the post, he outlined that the fund will be set up over five years to "re-imagine rural in Zimbabwe". The fund, which will be capitalised by the couple's own money, will make disbursements to recipients via loans from Econet Group's Steward Bank. "The money will support projects...
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SA government to set up township digital hubs in four provinces reveals Ramaphosa
The government will set up digital hubs in the South Africa's townships, initially in four provinces, President Cyril Ramaphosa said today. He made the announcement during his State of the Nation Address in Parliament in Cape Town today (7 February). Ramaphosa said the government's incubation programme currently consists of a network of 51 technology business incubators -- which fall under the Small Enterprise Development Agency (Seda), 10 enterprise supplier development incubators and 14 rapid youth incubators (also under Seda). "As part of the expansion of this programme, township digital hubs will be established, initially in four provinces, with more to follow," he...
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We raised R34m in 2018 announces Cape Town fintech CloudOne.mobi [Updated]
Cape Town based fintech startup CloudOne.mobi today announced that it had raised R34-million in two funding rounds that closed at the end of last year. The first deal was concluded in March last year, while the second deal was concluded in December, the startup's COO Anna Groenewald told Ventureburn. The startup, which was founded in 2014 by Dana Buys, has developed what it calls an advanced cloud-based point-of-sale solution, TallOrder for small businesses in the hospitality, retail and service segments. The startup said in a statement today that the investors from the two rounds included Investec Private Capital, through its...
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Outcry as department’s Gazelles programme stalls on grants, support
When it was launched in 2016, the Minister of Small Business Development Lindiwe Zulu hailed the National Gazelles programme as a key intervention that would help fast growing firms (commonly called gazelles) to grow exponentially and create the jobs the country badly needs. The programme, which is run by the Small Enterprise Development Agency (Seda), aims to help 40 promising firms to grow the value of their business 20% year-on-year over three years, with a mixture of business support and access to grants of up to R1-million (from the Department of Small Business Development) to purchase machinery and equipment...
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Hurry, there are just five days left to apply for Start-Up Chile’s 22nd cohort
Tech startups keen on taking a shot at scaling in Latin America and an opportunity to access to up to $80 000 in zero-equity funding have until this Tuesday (12 February) to apply for Start-Up Chile's 22 cohort for its seed programme. Applications for the six-month programme are open to startups from across the globe that have been operating for less than three years. Those selected can benefit from free work-space, a year long work visa, access to Start-Up Chile's national and international corporate networks -- and up to $80 000 in equity-free funding. In addition, Start-Up Chile participants will also...
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Entries for third batch of 500 Startups’ MENA Dojo Series A programme now open
North African tech startups that are likely to raise their Series-A funding rounds in the next six to nine months can now apply for the third batch of 500 Startups' MENA Dojo Series A programme. This follows the US early-stage venture fund and seed accelerator's announcement on Tuesday (5 February) that it had -- in partnership with Qatar Science & Technology Park (QSTP) -- opened applications for the third batch of the annual programme. Applications will close on 28 February, while the programme is set to kick off on 31 March in Kuwait. 500 Startups' MENA Dojo Series A programme participants will receive...
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How a trip to Israel sparked the idea behind award winning agritech Khula
A trip to Israel in 2015 sparked the idea behind award-winning agritech startup Khula. So says co-founder Matthew Piper. Khula was last month tapped to represent the country at the 2019 Chivas Venture finals after winning the SA leg of the competition. The Johannesburg-based startup, which Piper (pictured above, right) co-founded with Karidas Tshintsholo (pictured above, left) in 2016, offers a marketing and distribution service which helps small-scale farmers bring their products to formal markets. Khula was founded in 2016 by Matthew Piper and Karidas Tshintsholo Other than bagging the Chivas Venture SA finals, the startup has also won the 2018 MTN Business App...
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