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  • Pargo adds 500 Clicks stores to its delivery service

    Parcel delivery service, Pargo, has partnered with notable South African retailer, Clicks, to strengthen their business. The partnership will allow online shoppers to collect and return their purchases within Clicks stores. This partnership has grown Pargo's pickup points to more than 1000 stores. Due to this collaboration, online shoppers will be able to purchase items from Spree, BidorBuy, as well as OneDayOnly. "Delivery is recognised worldwide as the key friction point in ecommerce and a major deterrent to the growth of internet-based economy," said Veul. "This is especially true in the South African environment where local online shoppers are often forced to make...

  • Company Office

    Barclays accelerator announces latest participants in African programme

    Barclays Africa Group and Techstars today released the names of 10 financial-technology (fintech) companies selected to participate in the second Barclays Accelerator programme, powered by Techstars. The successful companies, all focused on providing fintech solutions in Africa, will participate in a 13-week growth acceleration programme at Barclays Africa’s Rise fintech innovation hub in Cape Town from mid-May. The 2017 programme participants are: Flexpay (Kenya), Howler (South Africa), Spatialedge (South Africa), Abe.ai (USA), The Sun Exchange (South Africa), Byte Money (South Africa), Avenews-GT (Israel), FOMO Travel (South Africa), Kapitalwise (USA) and eCOIDA (South Africa). Yasaman Hadjibashi, chief creation officer at Barclays Africa Group, said:...

  • LakeStreet seeks startups for International Tech Investor Roadshow in Cape Town

    Direct and co-investment deal club, LakeStreet, will be hosting its first International Tech Investor Roadshow in Cape Town on 28 November. The event is looking for innovative and disruptive startups to join them. It is geared towards startups looking for investors to facilitate expansion outside of SA. "This is an investment round for scalable and disruptive startups looking for international investors and ready to take their startups outside South Africa into Africa and beyond," says founder and CEO of Victoria Lion Partners (sister company to LakeStreet), Lydia Ofori, to Ventureburn. In order to participate, the startups need to be post-revenue, in a position to...

  • Mawingu recieves US$4.1-million loan for solar-powered wireless internet roll out

    Kenyan internet company, Mawingu has received a US$4.1-million loan from the Overseas Private Investment Corporation (OPIC). The loan will be used to roll out solar-powered wireless internet packs into rural communities. The loan was awarded to Mawingu for their proven model which successfully uses TV White Space connectivity to connect to the internet while being off the grid. OPIC is an initiative of the US government to mobilise private capital to help out development challenges across the globe. Mawingu has already received investments from other notable companies such as Microsoft 4Afrika initiative, US Agency for International Development (USAID) as well as funding from various other...

  • Seedstars World crowns health startup winner in Dar Es Salaam

    Micro health insurance company, Jamii has won the Seedstars World Dar Es Salaam event. The startups will go on to represent Tanzania at in the Seedstars World finals next year. The event, which took place on Saturday at the Buni Hub, saw many startups pitch for their ticket to the finals. Jamii pitched its health insurance scheme for low-income families, which costs US$1 a mont. The event was carried out with support from the Swiss Embassy, TANZICT as well as Buni Hub, VC4Africa and Lionesses of Africa. Jamii offers health insurance for low-income familes for US$1 a month. "Winning a competition alone has never been a guarantee to...

  • Top startup events in South Africa, Africa you should know about this week [26/09/2016]

    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...

  • Delvv.io crowned winner of the Ventureburn Pitching Den

    Delvv.io has been announced the winner of the Ventureburn Pitching Den. The event took place at the 2016 Innovation Summit in Johannesburg on 23 September. They will go on to compete in the Startup World Cup in 2017, hosted by US- based Fenox VC, where they will compete for a US$1-million investment prize. The event will take place in Silicon Valley. Overall, 40 startups pitched over the two-day competition. Thereafter, the judges deliberated over the winner, which was announced at the Innovation Summit. The competitors pitched in front of a panel of judges and an audience. They were allowed six minutes for...

  • Day one of the Innovation Summit 2016 Ventureburn Pitching Den

    The first day of the Ventureburn Pitching Den at the 2016 Innovation Summit in Johannesburg has come to an end. It was a day of intense pitching, fumbles, and astonishment. We recap the 23 interesting pitches and what they were about. All of the contestants were pitching for a chance to take part in the Startup World Cup in 2017, which will be filled with intriguing prizes. The entrepreneurs in the competition had six minutes to pitch their startups, which was followed by several minutes of Q&A from the judges and audience. Though these did run a little longer than intended. While the...

  • Pitch AgriHack set to kick off on the 25 September 2016

    A new pitching competition, dubbed Pitch AgriHack, aims to help a variety of e-agriculture startups. The competition, part of AgriHack's talent initiative, is meant to contribute to the agricultural sector and address youth employment challenges. The project is undertaken in collaboration with African Development Bank (AfDB), along with the support from partners such as the Centre for Agricultural Bioscience International (CABI) and mLab East Africa. The pitching competition is open for young ICTs from African, Caribbean and Pacific nations which offer innovative solutions and services to their agricultural sector. Winning teams of the Pitch AgriHack's Early Stage Platform will receive a cash prize of up to €15 000...

  • Shoot for the moon: how venture capitalists think

    Shoot for the moon, reach for the stars. Entrepreneurs are often the pilots of such inconceivable projects, but many times it's the cash fuel injection that gets them there. Last week at the venture capital (VC) conference Moment 2016 in Tokyo, panellists David Lee from Refactor Capital, Craig Sherman from Meritech Capital Partners, and moderator Gen Isayama of World Innovation Lab spoke about how to identify rockets before liftoff. "The impact from a society impact should be numbered into terms of a thousand 'X'," says David. While home run deals are more about making money, moonshots don't just make money,...

  • SAVCA gets three new board members

    The South African Venture Capital and Private Equity Association (SAVCA) has acquired three new board members after their Annual General Meeting (AGM) held in Johannesburg on 21 September 2016. The new directors, Paul Boynton, Cathy Goddard, and Yvonne Maitin have more than 25-years experience between them. "We are pleased to welcome these three highly respected individuals to our board, who bring a wealth of industry knowledge, as well as commitment and passion for the industry," said the CEO of SAVCA, Erika van der Merwe, in a press release to Ventureburn. "All three directors already are active participants in SAVCA's various activities, including...