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  • SBC AfriTech opens applications for 2019 FastTrack Tour events

    Cape Town based tech accelerator Startupbootcamp AfriTech (SBC AfriTech) has opened applications for its 2019 FastTrack Tour events. FastTracks are informal events hosted around the world through which the SBC AfriTech team, mentors and sponsors get to meet the most suitable early-stage companies interested in joining the accelerator's three month-long programme. For each FastTrack, the top 10 startups to apply will receive instant feedback from a panel of industry mentors, network with the SBC investment team and learn more about the SBC AfriTech programme. Applications for each SBC AfriTech FastTrack Tour event close three days ahead of time The accelerator is anchored and...

  • Company Office

    2015 Trends on bidorbuy

    Selfie sticks, drones and wearables are some of the most popular search terms on bidorbuy, which may be an indication of shopping trends for the year (9 January 2015) At the beginning of 2015, several search terms have joined the ranks of “most popular” on South African online marketplace bidorbuy.co.za. “Over a million people visit bidorbuy every month, conducting hundreds of thousands of searches. These numbers are extensive enough to serve as a basis for estimating shopping trends. This is especially important for thousands of sellers who sell on the site. They need to know what prospective buyers are looking for...

  • SA AI startup Cortex Logic secures investment, eyes global expansion

    Cape Town based artificial intelligence (AI) and machine intelligence startup Cortex Logic has set its eyes on international expansion after it announced on Monday (4 February) that it had secured an investment from an undisclosed investor. In a phone call with Ventureburn earlier today (6 February) Cortex Logic founder Jacques Ludik (pictured above) declined to disclose who the investor was or how much the investor had committed in the deal. Ludik, who founded Cortex Logic in 2015, described the deal as "very exciting stuff". The startup provides an AI engine for businesses to operationalise big data and analytics. The startup...

  • Nominations for $100k 2019 Anzisha Prize now open

    The Anzisha Prize, one of Africa's leading awards and fellowships for young entrepreneurs, has opened nominations for its 2019 awards. The prize will open a second process to accept applications themselves from entrepreneurs, on 15 February. The Anzisha Prize will this year award 20 entrepreneurs across Africa prizes totalling about $100 000 -- which includes a grand prize of $25 000 to the overall winner. The awards --- which are an initiative of the Mastercard Foundation and the African Leadership Foundation -- aim to recognise founders under 22 years old that have implemented innovative solutions to social challenges or started successful business...

  • WFP opens applications for Global Innovation Challenge for Zero Hunger

    The World Food Programme (WFP) Innovation Accelerator has launched applications for the Global Innovation Challenge for Zero Hunger. The challenge, is run in partnership with US agriculture conglomerate Cargill, was launched yesterday (4 February). It aims to identify sustainable solutions to tackle hunger. Startups have until 28 February to apply. In a statement, the WFP Innovation Accelerator said it is mainly looking for proposals that can transform the lives of smallholder farmers and small-scale livestock producers, reach a step change in food systems or increase the effectiveness of emergency response. Teams selected for the Global Innovation Challenge for Zero Hunger stand to receive up...

  • Up to R200k in funding up for grabs in Santam Safety Ideas Challenge Season 3

    Startups with safety or insurtech solutions that are ready for piloting, stand a chance to win about R150 000 worth of incubation support as well as up to R200 000 in seed funding in the third Santam Safety Ideas Challenge. In addition to incubation support from Stellenbosch-based business incubator LaunchLab, the winner of the Santam Safety Ideas Challenge also stands to benefit from an opportunity to pilot their solutions with Santam. Applications close on 28 February. Thereafter 10 participants will be shortlisted to pitch their solutions to Santam based on their solutions' applicability to insurance, as well as originality or competitiveness....

  • 2019 will be all about fintech, healthtech, insurtech, IoT

    This year promises to be an exciting one ahead for SA startups and those in the startup scene -- with lots expected from sectors like fintech, healthtech, Internet of Things (IoT) and South Africa's VC market. Here then are my top nine forecasts for 2019: Fintech at a fast pace: Fintech has spread across the globe, and I predict that it will continue to grow rapidly, with a larger focus on API-driven tech solutions. Flexibility and adaptability of tech across sectors will be an important factor in penetrating new markets. Data, data, data: Data is going to continue to be at the...

  • SA VC Kingson Capital launches R400m fund to target tech startups, black SMEs [Updated]

    Durban based venture capital (VC) company Kingson Capital today announced the launch of a R400-million VC fund aimed at investing in 30 to 50 tech startups and black-owned small businesses. The VC was founded in 2015 and is a registered Section 12J VC company. The announcement of its High-Growth Tech and Black-Owned SME Fund was made by Kingson Capital in a press release today and follows the news on Friday (1 February) that SA entrepreneur Vinny Lingham is involved in a new R500-million Section 12J VC company fund (see here). In Kingson Capital's first fund (Fund One -- see...

  • EWB Canada announces new investment in Kenyan fintech startup FarmDrive

    Kenyan fintech FarmDrive has received a new investment from Engineers Without Borders Canada (EWB Canada). It follows a $50 000 investment the startup received from EWB Canada and others in 2016 and an undisclosed investment by Safaricom's Spark Venture Fund in 2017. The announcement was made in a statement by EWB Canada late last month. AK Impact Investors, 1 to 4, the ADAP Seed Fund 2, Sunu Capital and The Lakes Charitable Foundation also participated in the new round. While EWB Canada did not disclose the size of the latest investment in FarmDrive, the startup's co-founder Peris Bosire told Ventureburn in an...

  • My hot and happening SA startup picks for 2019 [Opinion]

    There are many startups making waves in the country, but there are a select few that stand out, with massive potential, run by some very impressive entrepreneurs. I polled some top investors and spoke to Ventureburn journalists Stephen Timm and Daniel Mpala to get their views on what they think are the hot and happening startups for 2019, Here then, is a non-exhaustive list: Aerobotics -- is a startup to watch closely. The Cape Town-based agritech startup is a data analytics platform providing data drawn from satellite imagery and drone flights to monitor farmers crops and warn them about potential...

  • Partech raises $125m for Africa Fund targeting Series-A and Series-B startups

    Silicon Valley based venture capital (VC) fund Partech has completed a capital raise for its Africa Fund, with the fund closing at €125-million, more than double the size of its first closing a year ago at €57-million ($70-million). Partech Ventures made the announcement last Thursday (31 January). It claims it has raised the largest VC fund dedicated to tech startups in Africa. The fund will participate in Series-A and Series-B rounds for tech startups on the continent and aims to back startups developing solutions around the informal economy, mobility, financial inclusion, supply chain, as well as consumer services. The VC also last...

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