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  • French funder Investisseurs & Partenaires reveals stake it took in CoinAfrique, AMI

    French impact investor group Investisseurs & Partenaires (I&P) -- which last month announced the first investments in a new fund -- has revealed the equity stakes it has taken in three African startups -- including two tech firms. Earlier last month I&P announced in a statement that its Afrique Entrepreneurs 2 (IPAE 2) fund had invested in Senegalese classifieds platform CoinAfrique, Nairobi-based social enterprise The African Management Initiative (AMI) and food flavour producer Afribon Group to its portfolio. Although it did not disclose just how much it had invested in each of the three companies, I&P stated that the IPAE 2 fund's investment ticket sizes can reach up to €3-million. On Tuesday (30 October) I&P fundraising and...

  • Company Office

    Top international fashion brands are a click away at Superbalist.com

    Attention all fashion lovers! Popular international fashion brands, Vero Moda and Jack & Jones, are now exclusively available at online fashion destination, Superbalist.com.  Gone are the days of being isolated from access to global trends as Superbalist brings you internationally coveted brands at the click of a button. Danish brand, Vero Moda, is one of Europe’s largest labels offering high quality, on-trend apparel at affordable prices. The range is chic and modern, and is about rebooting your wardrobe with basics and beautiful tailored pieces. You’ll find items that are perfect for a campus style reboot or a night out on...

  • ‘Excited’ co-founder’s legal firm is among 12 African startups in HiiL accelerator

    Being selected for the Hague-based HiiL Justice Accelerator has been the "most exciting" moment in his career for Epoq Legal COO Emile Gerber. The SA legaltech startup -- which offers a service that provides real-time assistance and guidance around the creation of legal documents used by businesses -- is one of 12 African startups that was selected earlier this month to join the accelerator's six-month long programme, which got under way earlier this month. After receiving over 430 applications from around the world, HiiL announced on 17 October that it had selected 17 startups from around the world to join its latest cohort. The 12 African startups selected to participate in the...

  • AfricArena predicts funding raised by African startups in 2018 will crack $1bn

    The amount of venture capital (VC) funding raised by African startups this year could for the first time exceed the $1-billion mark. So, predict the organisers of AfricArena, which runs an annual tech startup conference. Ahead of this year's conference, which takes place on 15 and 16 November in Cape Town, AfricArena said in a statement yesterday (30 October) that its prediction is based on internal research the organisation conducted earlier this year with Silicon Cape and Wesgro. Like this, it expects the funding raised by African startups to increase by over 100%. Commenting today (31 October) on the prediction, AfricArena CEO Christophe Viarnaud (pictured above) said he was...

  • Airbus opens call to startups for second edition of its Africa4Future accelerator

    Got a tech solution that can help address a problem with the aerospace sector? Aircraft manufacturer Airbus has launched the second edition of its Africa4Future initiative and is calling on African tech startups to apply to join its six-month long acceleration programme. The joint accelerator programme is run by Airbus' global aerospace accelerator BizLab and Make-IT in Africa, an initiative of the German Agency for International Co-operation (GIZ). Startups that are working on solutions related to areas including: unmanned logistics and remote-sensing technology, automation and drones, electrification, blockchain, artificial intelligence, data analytics and material composites and manufacturing -- can all apply. The Africa4Future initiative...

  • Here are the 10 SA startups that will pitch at Seedstars Johannesburg 2018

    Seedstars World, one of the largest startup competitions for emerging markets, has announced the 10 SA startups that will pitch at Seedstars Johannesburg this Friday (2 November) — in the second pitch before the SA finals. The top three startups from the pitch event, which will be held Tshimologong Digital Innovation Precinct, will join the top three startups from the Johannesburg pitch which will be held next month, as well as other competitors at the South Africa finals -- to be held in Cape Town on 14 November. At the finals, startups will compete to be crowned the country winner and a chance to win an all-inclusive trip to attend the...

  • MFS Africa secures follow-on funding, bringing Series-B round to $14m

    Johannesburg-based fintech company MFS Africa has closed a Series-B funding round led by China-based VC firm LUN Partners Group. The raise is an extension round to a $4.5-million round the company closed earlier this year, and brings the total round of funding to $14-million (see this earlier story). The mobile payments services provider's current shareholder Goodwell Investments -- an Amsterdam-based investment firm -- also participated in the extension round, as did ShoreCap III, an LP managed by US-based Equator Capital Partners and UK-based FSD Africa. MFS Africa was founded in 2009 by Dare Okoudjou (pictured above). In April Okoudjou declined to disclose to Ventureburn the equity stake that was offered up in return for...

  • Here’s who won at the SA finals of the Southern Africa Startup Awards

    The Southern Africa Startup Awards last week Wednesday (24 October), in partnership with Startup Grind Johannesburg, announced the 15 winners of the SA finals which make up the Southern Africa Startup Awards. The awards are part of the Global Startup Awards. The finalists were announced at an event held at the rooftop bar Bird House in Johannesburg. In all 75 finalists were shortlisted across 15 categories with the eventual winners selected through public voting and an adjudication process. The 15 winners will represent South Africa at the regional grand finale of the Southern Africa Startup Awards which will take place on 21...

  • Meet the 11 startups that will pitch at Seedstars Douala

    Seedstars World, one of the largest startup competitions for emerging markets, has announced the 11 startups that will pitch at Seedstars Douala this Friday (2 November). The startup that comes out tops at the pitch event, which will be held at tech hub ActivSpaces, will win an all-inclusive trip to attend the Seedstars Summit in Switzerland in April next year, where the startup stands to win up to $1-million in equity investment. In addition, the winning startup will also represent Cameroon at the Seedstars Africa Regional Summit which will take place in Dar es Salaam, Tanzania on 13 December. As part of an agreement with Seedstars, Ventureburn readers...

  • Nigeria’s Microtraction announces investment into Lagos-based fintech Riby

    Nigerian investment platform Microtraction has announced its seventh deal, with an undisclosed investment in Lagos-based fintech Riby. Microtraction's principal investment officer Dayo Koleowo made the announcement on the investment platform's Medium profile yesterday (29 October). Riby's smart finance management platform provides co-operatives, company groups, associations and financial development institutions with tools that help them manage their members savings and contributions, lending and investments. The startup was founded in 2016 by CEO Salami Abolore (pictured above). Riby was founded in 2016 by CEO Salami Abolore Although Microtraction did not reveal the terms of the deal, the platform states on its website that it ordinarily invests $65 000 in two stages....

  • Bank Zero to begin beta testing in the first quarter of 2019

    Venture capitalist and former FNB CEO Michael Jordaan's new app-based Bank Zero plans to begin beta testing in the first quarter of 2019, before launching to the public in mid-2019, the bank said in a statement today. The bank has begun alpha testing, with CEO Yatin Narsai calling it "a major achievement", and adding that most institutions invest "billions" just to get here. A small team at Bank Zero is currently conducting the testing, which involves: Using the banking app with its integration to the new core banking platform. Full end-to-end testing of the customer experience from "on-boarding" through to actual transacting. Perfecting the integrated business, security and...