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  • Knife Capital invests in healthtech 5nines Technologies’ PharmaScout solution

    SA venture capital (VC) fund Knife Capital announced today that it has made an undisclosed investment in Cape Town based healthtech firm 5nines Technologies to help grow its pharmaceutical temperature monitoring solution PharmaScout. Knife Capital said in a statement today that while the three-year old healthtech company has been angel-funded to date (from Hlanganani Capital director Rowan Smith), the Series A funding round will help accelerate the product's rollout to pharmacies, medical practitioners and pharmaceutical warehouses. The funding will also help cover new product development for the international market. The VC said PharmaScout has already gained "significant traction" with blue-chip customers such as Clicks and Alpha Pharm, while...

  • Company Office

    Zapacab Releases the Simplest App to Order a Taxi

    Cape Town mobile taxi ordering startup Zapacab has released native apps for Android and iOS devices. This is in response to passengers demand for “clever, easy to use apps”. Zapacab initially launched their product on mobile browsers to allow all passengers the easiest access to ordering a cab. With the majority of users being Android and iPhone users, the requests for a slicker app-based experience have been numerous. Chief executive officer (CEO) Rupert Sully says they will continue to offer the web based service for Blackberry users, but felt it was strategic to launch the native apps. "It is the sort...

  • Dimension Data to host NTT Data Open Innovation Contest regional challenge

    SA IT company Dimension Data will host a regional challenge in February next year that aims to identify mature startups that can work with the Japanese IT services provider NTT Data to create a new global platform to solve the UN's 17 Sustainable Development Goals. In a statement yesterday (6 November), Cape Town based tech initiative Silicon Cape revealed that Data Dimension will be hosting the regional challenge of the ninth NTT Data Open Innovation Contest on 8 February in Cape Town. NTT Data Open Innovation will, between this month and February, hold 20 regional contests across 18 countries in collaboration with local partners. The...

  • Meet the Kenya, Nigeria, SA Google Impact Challenge finalists

    Google has announced the Kenyan, Nigerian and South African finalists of its Impact Challenge, while calling on the public to vote for the People's choice winner in the respective countries. Voting closes on 25 November. The challenge -- which was launched across all three countries in May -- aims to identify local innovators who have the potential to make their community a better place. The finalists include startups as well as non-profits and various public-private initiatives. As part of the challenge, the public and a panel of judges votes for ideas with the most potential. Thereafter, Google pairs each winner with a package of strategic...

  • Second cohort of MAN Impact Accelerator kicks off with three SA companies

    The second edition of the MAN Impact Accelerator kicked off yesterday (5 November) in Munich, Germany with three SA startups making up part of the second cohort's eight startups. SA companies Last Mile for BOP, Mobile Schools Health and VIA Global Health were selected to join the six-month long accelerator programme along with three European and two Indian startups. MAN Truck and Bus digital innovation manager Florian Stehbeck told Ventureburn today (6 November) that 270 startups from Europe, India and South Africa had applied to join the programme, and that a quarter of applications had come from South Africa. The six-month long MAN Impact Accelerator programme...

  • Losing a patient led Cameroonian nurse to found award-winning startup Infiuss

    Two years ago after graduating from nursing school in Cameroon, a helpless Melissa Bime watched as a five-year-old patient of hers died -- because she could not get a blood transfusion. The tragic event inspired Bime to seek a solution. It's when she decided to start Infiuss. The Yaounde-based startup offers an online blood bank, as well as a digital supply-chain platform that helps connect those hospitals that do have blood banks to those that don't. "I wanted to be able to solve this problem of access to life-saving blood," says Bime (pictured above), who was last month selected as the winner of this year's Anzisha...

  • Romeo Kumalo, Gil Oved to release details on $200m tech fund in Q1 of 2019

    Startups and investors can expect more details of a planned $200-million tech investment fund headed by former Vodacom executive Romeo Kumalo in the first quarter of 2019, says investor and entrepreneur Gil Oved. It follows a report yesterday by Bloomberg that Kumalo's new tech-focused SA investment firm LLH Capital -- in which Oved serves as COO -- aims to raise as much as $200-million in an initial public offering (IPO) next year. The report said LLH Capital, aims to invest in internet-related businesses and industries such as drones and car tracking and aims to list in both Johannesburg and Mauritius. It said LLH plans to raise a...

  • Digital Lab Africa to open call to content innovators – from music to animators

    African innovators in digital music, web creation, virtual reality (VR), video games and animation better listen up. French backed incubation platform Digital Lab Africa (DLA) will start taking entries for the third edition of its incubation programme from next week Thursday (15 November). DLA -- set up by the French embassy and French Institute in South Africa (IFAS) in 2016 and is managed by Tshimologong Digital Innovation Precinct with the support of the French Development Agency (AFD) -- made the announcement in a statement yesterday. The initiative aims to provide a springboard for the creators of next-generation content with the support of French and Sub-Saharan...

  • Endeavor Nigeria welcomes first two entrepreneurs into fold

    High-growth entrepreneur organisation Endeavor has welcomed its first two entrepreneurs from Endeavor Nigeria into its network, as well as three North African entrepreneurs. In a statement last month Endeavor said the two Nigerian entrepreneurs -- BitPesa founder Elizabeth Rossiello (who is American) and Cars45 co-founder and CEO Etop Ikpe -- were among 26 entrepreneurs from 18 companies in 13 countries that the organisation selected to join its network, at the 83rd International Selection Panel (ISP), held in Athens from 22 to 24 October. BitPesa is a digital foreign exchange and payment platform, while Cars45 claims its Nigeria the market’s first independent used car valuation expert and offers a two-sided...

  • Kalon, Smollan up stake in SnapnSave to over 50% with new R7m funding tranche

    Venture capital company Kalon Venture Partners and retail solutions company the Smollan Group SA have increased their stake in SA shopping community SnapnSave to over 50% with a new funding round totaling R7-million. The current tranche forms part of a R14-million round in funding committed by the two investors in August last year. SnapnSave’s app facilitates discounts for shoppers on their favourite products, wherever they shop, just by snapping a photo of their till slip. Three months ago the startup helped shoppers to redeem its one million till slip. SnapnSave CEO Mark Bradshaw confirmed to Ventureburn today that the deal was closed last Wednesday (31 October). The latest round follows...

  • Nigerian startup Edves secures $120k funding from Chinook Capital, CcHub fund

    Lagos-based edtech startup Edves has announced that it has secured a $120 000 seed round from two Nigerian investors: Chinook Capital and Co-creation Hub's (CcHub) innovation fund Growth Capital. The startup, which was founded in 2016 by CEO Dimeji Falana (pictured above) and COO Dare Adebayo, announced the investment in a post on Twitter last Friday (2 November). The startup has developed school management software that is helping over 340 schools deal with admissions, payments, report cards, elearning and parent-teacher communication, among other things. Edves was founded in 2016 by CEO Dimeji Falana and COO Dare Adebayo Earlier this year, Edves won the Transforming Education Prize at the...