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  • Media24 acquires 10% equity in SA music streaming service NicheStreem

    South African media company Media24, has invested an undisclosed amount to acquire 10% of music streaming service NicheStreem. The service focuses on emerging markets and curated music solutions. NicheStreem and its product The service is solely founded by Catherine Lückhoff, who was previously an Exco member of Silicon Cape, as well as chief business development officers and head of brand strategy at Bozza.mobi. Though Lückhoff couldn't give us the exact amount that Media24 had invested, she did say NicheStreem is raising a US$1.5-million round on a US$3.5-million valuation, and 50% of that has been filled so far. NicheStream's first and only product thus far, Liedjie, launched in 2016 as...

  • Company Office

    Geeks Online SA to launch soon

    Brand new education startup Geeks Online SA (GOSA) based in Cape Town, South Africa, looks to bring an innovative solution in the education space. It’s an idea inspired by the self-proclaimed “Geek” himself, one of the co-founders. The company has been founded by two chief enthusiasts, Anele Geqiwe and Busisiwe Ngxande. What they lack in years of experience, the pair has vision and passion for education. The concept driving GOSA is very simple: it requires strong relationship between high school students and tertiary institutions. We aim to introduce and prepare Grade 10-12 students to academic competency standards expected in tertiary level. Of course there are so many solutions...

  • AUC Venture Lab mentor invests in JewelHub

    One of the AUC Venture Lab's newest mentors, Nada El Mosalamy recently invested an undisclosed amount in online shopping platform, JewelHub after graduating from the accelerator. El Mosalamy met the co-founders of JewelHub, Haytham Ragab and Mohamed Ebeid when she just began mentoring at the AUC Venture Lab. She expressed how Ragab and Ebeid's excitement and passion for their company was a huge factor in swaying her to invest. "It has been a great opportunity to meet JewelHub through my mentoring at AUC Venture Lab. They have been great to work with and help grow. I am very happy with my investment with them...

  • Johnson & Johnson announces Africa Innovation Challenge winners

    Healthcare company, Johnson & Johnson has announced the three winners of the Africa Innovation Challenge at the Global Entrepreneurship congress, which took place in Johannesburg. The three winners submitted ideas around early child development, maternal health, empowering young women, and improving family well-being. "Africa is one of the fastest growing regions of the world, and Johnson & Johnson is proud to support this growth through strong collaborations that encourage innovation and accelerate advancements in the continent’s health systems," said the CSO and MD of Johnson & Johnson, Paul Stoffels, in a press release to Ventureburn. "We are seeing a surge of activity...

  • #YouthStart entrepreneurial challenge open to Cape Town residents

    Created by the City of Cape Town, the #YouthStart Challenge aims to provide young Capetonian entrepreneurs with an opportunity to either grow their business or get it off the ground. The challenge was announced on the DA's website. This year's #YouthStart Challenge will also feature a digital solutions category for entrepreneurs and SMEs operating in the space. "Unemployment, poverty and inequality are some of the biggest challenges in South Africa and young people, in particular, are bearing the brunt," said the City’s mayoral committee member for safety and security; and social services, Alderman JP Smith. "Entrepreneurship has been identified as one of the ways to tackle...

  • Impact Amplifier Investment Readiness Accelerator looking for startups

    The 2017 Impact Amplifier Investment Readiness Accelerator is looking for startups addressing social or environmental challenges to join its three-month programme. "Entrepreneurs that are focused on education, health care, housing, food security, financial inclusion, energy, water, and other climate adaptation/change issues are critical to creating a more socially just country. Yet, these businesses like many others also face a broad spectrum of challenges when trying to grow," read an excerpt from the website Impact Amplifier looks to support these businesses by providing investment readiness and acceleration services to early-stage companies. The programme will address key points, such as pitching to investors, strategic planning, revenue...

  • CarTrip: this carpooling startup looks to make travel easier in SA

    Traffic is a nightmare in South Africa, with many dreading the daily commute to and from work, not to mention the cost of petrol. Carpooling service CarTrip is looking at making travel easier and affordable for customers in SA. The startup is founded by Chris Faur, whose story began when he became stranded in Spain with no train, car, or taxi in sight. His fellow traveller then gave him the idea to hail a BlaBlaCar. "This guy arrives, picks us up at the local garage and we travel about 100kms through Spain. It’s literally just people going to work, going to family and you can just...

  • Tigo, Reach for Change award US$20 000 to entrepreneurs

    Telecoms company, Tigo in partnership with NPO Reach for Change, has awarded two entrepreneurs US$20 000 in the fifth edition of the Tigo Digital Changemakers Competition. The competition aims to find and support innovative entrepreneurs using digital tools who have a positive impact on their community. In addition to the financial grant, the winners also received access to the Reach for Change incubator programme, which provides them with access to global networks and expertise. The winners of the competition are Sophia Mbega's Vicoba and Nancy Sumari's Kids Jenga Hub. "For five years now, our Changemakers have touched the lives of over 250,000 children in...

  • Top startup events in South Africa, Africa you should know about this week [13/03/2017]

    Looking to get into the South African startup scene or scratch up on some of your skills? Well, you've come to the right place. There are loads of competitions, networking sessions and workshops happening around South Africa and the rest of the continent (namely Kenya, Nigeria and Ghana) that we’ve rounded up to make your life a bit easier. 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...

  • Call for nominations: Digital All Stars’ top edtech startups

    For Ventureburn's next Digital All Stars piece, we will be focusing on the top edtech startups in South Africa. We are looking for candidates who are using tech, or who are are tech-focused, with education startups. These can range from online courses to teaching kids how to code. Now is your chance to submit whoever you think would fit the criteria. In order to do so, please email editor@memeburn.com with the subject "Digital All Stars edtech startup nomination". The email should include the full name of the candidate, the startup, and a short 'CV' with their accomplishments and why you think they should be...

  • Q&A: WooTheme’s Mark Forrester talks hacking, investment tips & more [update]

    Mark Forrester is easily one of the most well-known startup founders in the SA industry. In 2015, his co-founded website theme builder WooThemes was acquired by WordPress founding company, Automattic for a rumoured US$30-million, which he commented is "off target, it is a good ballpark". Started in 2008, WooThemes grew to 55 staff members across 20 countries by the time it was acquired in 2015. The company also launched shopping plugin WooCommerce, which saw over 7.5-million downloads and active installs at the time. Along his journey, Forrester has co-founded IT solutions company Gravit8, social media aggregator Afrigator, invested in Over and...