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  • The low-down on Gather Online’s R10m investment, next round, expansion plans

    Social networking platform Gather Online this week announced that it had raised R10-million from former Dimension Data CEO Brett Dawson who will be joining the startup's board of directors as its chairman. The announcement was made on Wednesday (4 April) and the investment will see Dawson get a 10% stake in the startup, effectively making him its largest external investor. The platform which was founded in 2015 by South Africans Michael van Andel and CEO David Price is based in Australia and has offices in Johannesburg. In an email to Ventureburn yesterday, Price said the investment is part of the company's third seed round, with R2-million...

  • Company Office

    App Measurement Now Available to IAB Members

    Johannesburg, South Africa: Effective Measure and IAB South Africa are pleased to announce a new application measurement service that will enable IAB members to track the traffic to, and usage of their apps. This development reflects the industry body’s commitment to digital innovation. Effective Measure provides web and mobile traffic data and audience profiles for all IAB Publisher member sites as part of a long-standing partnership with IAB SA.  Adding app measurement to the dashboard is the next step in a process that aims to achieve a single point of measurement for IAB members that incorporates rich data about how...

  • SA marketplace lender Rainfin sells corporate debt offering to 4AX exchange

    SA credit marketplace RainFin has sold its corporate debt marketplace offering to Johannesburg alternate exchange 4AX, while acquiring a stake in the latter company. The deal was announced yesterday (4 April). Rainfin, which has been involved in crowdfunding since 2012, introduced its facility by which consumers are able to lend to corporates in December 2016. The company will retain its lending marketplace for individuals as well as to small businesses. In a phone call with Ventureburn today (5 April), Rainfin co-founder and CEO Sean Emery said the two companies had spent the past year working on the deal. RainFin approached 4AX after the exchange announced plans to launch a debt...

  • 7 South African healthtech startups to watch in 2018 [Digital All Stars]

    Digital All Stars is a series of articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. An increasing demand for accountable care and the digital delivery of health care is driving more startups to develop innovative health care solutions. With the launch of new call for startups on 3 April by accelerator Digital Health Cape Town (see the story here), Ventureburn takes a look at seven promising South African healthtech startups to keep an eye on. Recomed Fresh off a R4.5-million...

  • Here’s why Demo Africa is moving to Morocco for the next two years

    Startup launchpad DEMO Africa will for the next two years be held in Morocco. Applications for this year's edition close on 15 June, with the main event set to be held in October. The programme aims to link tech startups with investors and technology stakeholders and by doing so connect African tech startups to the global ecosystem. In a statement last week (26 March), US-based Africa Technology Foundation (ATF) -- the managing partners of Lions@frica -- announced that the next two editions of DEMO Africa (2018 and 2019) will be held in Morocco. Demo Africa 2018 will take place in October, applications close on 15...

  • Digital Health Cape Town launches second call, adds incubation offering to support

    South African health tech accelerator Digital Health Cape Town (DHCT) has opened a second call for applications which will now also include support for ideas in the pre-commercialisation stage. The call was launched on Tuesday (3 April) and applications close at the end of next month (May). "We are quite excited about accelerator two," DHCT chief executive Siraaj Adams told Ventureburn in a call last week. Digital Health Cape Town launches a second call which now includes incubation support for ideas in the pre-commercialisation stage The organisation is seeking 10 participants for its second cohort which will kick off later this year and has also made available five...

  • Savca raises concern over governance issues in Section 12J VC tax incentive

    The Southern African Venture Capital and Private Equity Association (Savca) has raised concern that governance issues could emerge in some venture capital companies approved by the SA Revenue Service (Sars) for a tax incentive. The VC tax incentive, set up under Section 12J of the Income Tax Act, allows investors who make investments in approved VCs -- that then invest in qualifying small companies -- a tax deduction. While the incentive came into effect in 2009, the number of VCCs approved under the incentive by Sars shot up in recent years following amendments the Treasury made to the incentive to make it more...

  • ‘Tanzania must introduce tax incentives, policy change to spur VC investment’

    Ahead of next month's launch of Tanzania's first angel investors network, a top venture capitalist has called for the government to make a number of changes to encourage venture capital (VC) investments in startups in the East African country. In an email to Ventureburn yesterday Salum Awadh, CEO of Tanzanian financial and investment advisory firm SSC Capital, called on the government to introduce tax incentives, relax part of the country's competition law and to enact changes to the Companies Act to allow for the setting up of limited partnerships to drive VC investments in the country. Awadh's comments come in the wake of the...

  • Kickstart Accelerator back for third edition with new programme structure

    Zurich-based accelerator programme Kickstart Accelerator has opened applications for the third edition of its programme, which this year will take on a new programme structure. The Swiss accelerator focuses on later-stage tech startups with solutions in deep technologies -- science and engineering driven tech like artificial intelligence, big data and blockchain -- as well as in areas like edtech, fintech and smart cities. The programme also aims to initiate successful partnerships and pilot projects between selected startups and Kickstart's partner companies and institutions. Kickstart co-lead Katka Letzing said in a statement today that the accelerator's first two programmes had resulted in 30 proof-of-concepts and collaborations. In...

  • Top startup events in South Africa, Africa you should know about this week [03/04/2018]

    Looking to get into the South African startup scene or brush up on some of your skills? Well, you’ve come to the right place. This article is part of a weekly series that highlights all the top startup competitions, networking sessions, workshops and conferences around South Africa, and the greater region. If you have any event recommendations for us to add to the list, or next week’s, please let us know in the comments below or send us an email. Not all of the events are free and some will require booking in advance. Please click on the event names to find out...

  • Accelerating Women Entrepreneurs Prize: Feed the Future’s $50k hunt for agritech

    Feed the Future Partnering for Innovation, a United States Agency for International Development (USAID) programme, is calling for applications for the $50 000 Accelerating Women Entrepreneurs (AWE) Prize 2018. In a post on Twitter, Feed the Future said the prize -- which was launched last month -- will help women-led small businesses expand in smallholder markets. Up to two finalists of the Accelerating Women Entrepreneurs prize will be awaded technical assistance packages valued at $50 000. The prize's application deadline is 25 April. Applications are open to women in the sub-Saharan African countries that USAID operates in (listed here). To be considered for the...