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  • OPIC to finance Unreasonable Capital with US$5-million

    The US government's Overseas Private Investment Corporation (OPIC) has announced their  support of Unreasonable Capital, to the tune of US$5-million. Unreasonable is a venture capital firm which invests in emerging startups across Africa, Asia and Latin America. Their main focus is assisting startups which address social and environmental issues while still showing promise of being profitable and scaleable. OPIC's president and CEO, Elizabeth Littlefield commented on the investment in a press release. "OPIC is delighted to support Unreasonable Capital as the fund invests across several regions and in a variety of sectors, from energy access to financial technology, that will have a positive development...

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    CompareGuru set to simplify financial services for SA consumers

    Launches new site with advanced features and real-time services.  For most time-constrained South Africans, choosing between financial products and service providers is a laborious and challenging task. Despite the increasing access to all sorts of information online, it remains a complex and daunting process to sift through various product offerings, pricing structures, terms and conditions, etc. “This complexity is especially problematic when trying to choose between products and providers in the mobile, banking and insurance spheres, where contracts are often filled with jargon and consumers are understandably wary of hidden fees,” explains Ryan Marx, CEO of CompareGuru, a site which draws...

  • Coworkite: a co-working space for beach bums

    Co-working space, Coworkite has launched in Blouberg, Cape Town. Situated along one of the most popular kitesurfing beaches, their name, location and marketing emphasises the sport's lifestyle. Entrepreneurs can enjoy a workspace on two floors as well as fibre internet, being available for every member. Space at Coworkite also comes with free parking, meeting rooms, and access to expert mentors and investors. The working space offers flexible packages ranging from R850 per month for five days of access, with discounts given to teams, long-term members and early stage startups. The working space also offers entrepreneurs a space for a daily fee of R180 to...

  • Start Here: a book for entrepreneurs by Roger Norton [Part 2]

    In part one of our coverage of the entrepreneurial book, Start Here: A Quick Guide to Building Startups, we spoke to author Roger Norton about his work. Norton was also kind enough to allow us to publish an extract from the book as well. As mentioned in the previous piece, it's not often that entrepreneurs write books based on their experiences. Norton has done just that with Start Here, which lists the steps that entrepreneurs need to follow in order to take their idea to a business. Over the years, Norton has founded two startups, worked with 10 others, and has been involved...

  • Flat6Labs acceleration programme now open in Egypt

    Early-stage investment company, Flat6Labs has announced their participation of the International Finance Corporation (IFC). The IFC and Flat6Labs will now form part of the World Bank's Startup Catalyst initiative and Social Fund for Development (SFD). Cairo-based Flat6Labs will be receiving US$2-million in equity financing from the IFC. Over the next five years, the acceleration programme will then be investing in 100 Egyptian tech startups while supporting over 300 entrepreneurs. The programme, which consists of a four-month accelerator programme, will also provide seed-funding. Flat6Labs will also be providing mentorship, networking opportunities as well as help startups become investment-ready. "We’re very excited to have received the support of IFC,...

  • Africa shines at Endeavor International Selection Panel

    Startup accelerator giant, Endeavor has selected 37 entrepreneurs to form part of their extensive group of Endeavor Entrepreneurs. The entrepreneurs represent 20 companies across 13 countries. They will now form part of the 1403 entrepreneurs who collectively represent 875 companies across 25 markets around the globe. During the selection process held in Palo Alto, panellists from around the world got to interview the participating entrepreneurs about their businesses. This gave the panellists a chance to evaluate them, choosing the entrepreneurs with the most potential for high-impact growth. One of the key deciding factors was the commitment to advancing their respective ecosystems. Once the Endeavor Entrepreneurs were selected, they...

  • Cairo receives £1-million startup investment from UK

    The British embassy has announced a £1-million investment fund to benefit startups of Cairo in Egypt. Entrepreneurs eligible for the fund need to demonstrate that their business is both commercially viable while still serving the needs of the community. They need to be able to create jobs, have suitable opportunities for women as well as support underprivileged regions. Participating entrepreneurs would also have to go the extra mile, showing how their business improves access to public services as well as the delivery of said services. The final selection of entrepreneurs will in the form of a competition with the winners being chosen by an expert panel...

  • Meet the entrepreneur who just snared $350m to slaughter Uber

    "The idea was not just to build a big business, but start one that would have a big impact," explains Mudassir Sheikha, co-founder of ride-hailing startup Careem. "We wanted to improve the lives of thousands of people and change society for the better." And it seems like Mudassir’s on track to succeed on both fronts. Careem’s now the newest ride-hailing unicorn – it announced today that it’s pocketed a substantial US$350 million from a slew of investors including Rakuten and Saudi Telecom. The funding round is the single largest investment in any startup from Dubai. And there still might be more...

  • Start Here: a book for entrepreneurs by Roger Norton [Part 1]

    It's not often that entrepreneurs write books about their experiences; a strange thing considering the wealth of knowledge they accumulate over the years. South African entrepreneur Roger Norton has decided to do just that with his book Start Here: A Quick Guide to Building Startups. Over the years, Norton has founded two startups, worked with 10 others, and has been involved with the Silicon Cape Initiative. He currently heads up startup studio Playlogix. In Start Here, Norton writes about all of the steps that entrepreneurs need to follow in order to take their idea to a business. An interview with Roger Norton Ventureburn had a chance...

  • Bottles pops cork after R500 000 Shark Tank investment

    On-demand alcohol delivery app, Bottles has successfully pitched their business on Shark Tank SA and walked away with an investment of R500 000. Their investment comes at a 10% stake in their business after the co-founder of The Creative Council, Gil Oved found Bottles model to be a profitable investment. The alcohol delivery app allows users to choose from their favourite beers, spirits and wines to be delivered to their door within 60-minutes. "Attending Shark Tank SA has been an incredible experience for us, we prepared for days on end, watching every past episode of the show available online to make sure we...

  • Funding your startup: Ventureburn lists the SA investors that are delivering

    For entrepreneurs wanting to find early-stage funding, this is the article for you. As there is generally a veil of secrecy surrounding funding and startups, there is often smoke and mirrors in the industry, with many claiming to be "investors".  Ventureburn has sifted through the South African landscape and brought you the investors that are putting the money where their mouths are, and investing in the startup industry. Make sure to keep checking back on this article. We will constantly be updating it with new funds as the startup space grows in South Africa. Also, with your comments and suggestions we hope...