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  • VC HAVAIC invests in expanding Digital Cabinet cloud solutions

    SA venture capital (VC) firm HAVAIC Limited Partners has invested in paperless cloud solutions company Digital Cabinet. The investment comes in the form of a convertible note instrument, and while no exact amount has been given, it is estimated to be under R5-million. HAVAIC has been working with Digital Cabinet for several months in an advisory and service manner. "Digital Cabinet has been operating for about 5 years and we have seen our business mature to the extent that we require further capital to both expand with new products and consolidate our existing offerings," writes Digital Cabinet CEO Daniel Kritzas in a press release...

  • Company Office

    Securing the right investor for every stage of your business

    So you’ve nailed down the big idea, you’ve got the inspiration, and you’ve laid out a savvy business plan - now all you need is the right investor (or investors) to get your startup off the ground. For many new entrepreneurs, this is the hardest part (so far)…it usually requires pitching your idea (and essentially, pitching yourself), to family and friends, and as the business grows, to angel/seed investors and venture capitalists. It requires asking people to place their money and trust in you and your ability to make something out of nothing. For even the most self-assured among...

  • Meet Asia’s first accelerator for AI startups, founded by a Techstars London director

    There's a new startup accelerator in Hong Kong called Zeroth.ai, and it's accepting applications from artificial intelligence startups throughout Asia. It's started by Tak Lo, who was a director at Techstars London. Techstars is one of the pioneers of the startup accelerator movement. The accelerator has on its team Skype co-founder Jaan Tallinn and Jon Bradford, the former managing director of Techstars London. Zeroth will offer mentorship and US$20,000 in capital to startups for 6 percent equity. The first program will be run from November 7 this year to February 17, 2017. The accelerator is named after zero-based numbering, which is basically...

  • What did we learn from CustomApp, Uber at MTN’s app breakfast?

    MTN's App of the Year breakfast delivered a rather interesting speaker lineup, such as representatives from Uber, CustomApp and Snapscan. We've already looked at Snapscan, but what did we learn from the CustomApp and Uber speakers? Insights into Cape Town's Uber habits Jonathan Ayache, general manager for Uber South Africa, noted that 16% of Uber riders in Cape Town are actually foreigners. He also claimed there was a trend of Uber vehicles complementing MyCiti buses, as people were using MyCiti buses and then Uber vehicles in areas without the bus service. UberPOOL in SA? Ayache refused to divulge any details about upcoming cities on the African continent,...

  • WeFarm names mobile architect Adam Neilson as CTO

    Adam Neilson will join peer-to-peer farming network WeFarm, as CTO, the company announced in a press release. Neilson has previously held positions at Probability, Sea Monster, Health Unlocked, and Rareburg. He had experience with mobile technology and building social platforms. "When I first heard about the work WeFarm has been doing impacting farmers' lives in such a positive way, I was bowled over. After digging a little deeper, I found more data than you can shake a stick at, a cutting-edge machine learning platform and I knew this was something I had to be a part of," explains Neilson. Read more: 8 mobile...

  • Seedstars World looks for its next Mozambique winner

    Global pitching competition Seedstars World is on the lookout for its next startup from Mozambique. The event will take place on 15 July in Maputo. "After kicking off last year's Africa tour in Mozambique and finding a young but vibrant ecosystem, we can't wait to come back and see the massive growth and development that has taken place in the country's startup ecosystem since last year." writes Claudia Makadristo, Seedstars World associate for Africa, in a press release to Ventureburn. Up to 12 startups will be selected for the pitching event. The overall winner will represent Mozambique in the Seedstars World finals . The...

  • What we learnt from Snapscan at MTN’s app breakfast

    MTN Business's App of the Year awards is a pretty noteworthy event in the tech industry, featuring quite a few notable representatives. To encourage entries (and for networking), the company held a breakfast event, featuring a rather interesting speaker lineup. Representatives from CustomApp, Uber South Africa and Snapscan were on-hand to dish out some knowledge. But it was Snapscan's Rupert Sully, head of sales and business development, who got our attention. So what did we learn then? Snapscan wasn't a mobile service at first It's weird to think of the payment app as anything but a mobile service, but Sully said the service was...

  • Top startup events in South Africa, Africa you should know about this week [04/07/2016]

    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...

  • Landmark Barclays Africa accelerator programme concludes

    Ten companies have showed off their wares as part of the first ever Barclays Africa accelerator programme. The programme, hosted by the Barclays Rise innovation hub in Cape Town, saw the companies receive 13 weeks of mentorship, networking and development before their Demo Day, Absa said in a statement. The Barclays Accelerator is supported by Techstars and promises an "intensive startup programme" for innovative businesses in the fintech sector. The Demo Day saw over 400 people in the audience, including investors, industry/fintech experts as well as Absa and Barclays executives. "We are thrilled with the quality of the ventures. This first-ever cohort to...

  • Philip and Malan Joubert share some of their experiences from Silicon Valley

    Venturing to the far-off land of Silicon Valley seems to be the dream of many an entrepreneur. It is, after all, the birthplace of companies like Uber and Microsoft. For entrepreneurial brothers Philip and Malan Joubert, heading to the Bay Area was an obvious choice. At a recent Stellenbosch Digital talk, held at the Launchlab accelerator, the two shared some of their knowledge and experiences from the adventure. The pair are no strangers to the startup scene. They've been involved with companies from FireID to Pondering Panda, and SnapScan; more recently founding OfferZen. One of the first things they mention is to make sure you secure...

  • Tradesman platform IDWork crowned Seedstars World SA winner [update]

    Update: added comment from Sayo Folawiyo The South African leg of the Seedstars World competition has finally come to a close, with IDWork crowned the overall SA winner. Held in Johannesburg on 30 June, the event consisted of ten startups -- from the Cape Town, Durban, and Soweto pitching events -- as well as the 'Wild Card,' IDWork. All of the contestants pitched in front of a panel of judges and an audience. IDWork will go on to represent SA in the SeedStars World finale in Switzerland in March 2017, where it will stand a chance of winning a US$500 000 equity prize. A Gauteng-based startup, IDWork is a...