• BURN MEDIA
    • Memeburn
      Tech-savvy insight and analysis
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Motorburn
      Because cars are gadgets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!
  • Everything you need to know about West African startup landscape [2017 Update]

    Update: Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to the right place. Ventureburn presents an updated* guide to West Africa’s startup scene. This article is the most comprehensive guide for anyone who wants to get involved with, or have a better understanding of, the region's fast-growing startup space. It's the second of our inaugural series, with others focusing on South Africa and East Africa. With some insight from our friends...

  • Company Office

    Wabona Birthday Promotion

    Wabona, Cape Town based video streaming service is celebrating its one year birthday. With that Wabona is free to all until the 12th of December. Anyone can sign up and watch as much content as they want for free. To celebrate this momentous occasion Wabona received a birthday message from acclaimed African-American film and TV star, Malik Yoba. Malik was introduced to Wabona by Africa Angel Network Founder and Chairman, Pule Taukobong. Africa Angels Network (AAN) is an Angel Investment firm that invests in and supports African entrepreneurs and start-ups. AAN pays particular attention to start-ups in the TMT (Technology,...

  • New MEST Cape Town Incubator offers African launchpad for SA entrepreneurs

    South African entrepreneurs looking to launch into the rest of the continent should look no further than the Meltwater Entrepreneur School of Technology (MEST), which last night launched a Cape Town incubator. Speaking at the launch of MEST Cape Town Incubator, held at the Woodstock Exchange in the city, the organisation's managing director Aaron Fu (pictured above) says the incubator will among other things, run workshops on cross-border trade -- on things such as how startups can build a remote or regional team. The programme aims to get entrepreneurs and developers from different African countries to work together and to jointly set up startups. "Our Nigeria general manager...

  • Joburg wedding gift service Wrapistry in R4m deal [Updated]

    Online gift registry startup Wrapistry has signed a deal to secure a R4-million investment from Section 12J venture capital fund Anuva Investments and Genesis Capital. The Johannesburg-based startup's online shop and wedding registry service allows couples to source various gifts -- including both products and experiences such as travel trips. Speaking to Ventureburn last week, Wrapistry CEO Jed Shein, 28, said R2.25-million would be invested upfront by each investor, in return for a 10% stake in the company for each investor. The remainder would be invested upon the achievement by the startup of certain targets in return for a further five-percent stake each. So far the three-year old company has assisted...

  • Could Parkfind be the answer to traffic congestion in African cities? [Sponsored]

    Poor road networks and infrastructure, a growing urban population and lack of foresight by African urban planners. These are all factors widely cited by experts to be behind the growing number of traffic jams African motorists today face. But Zunade Loghdey, the CEO of Street Parking Solutions (SPS) claims his Cape Town-based parking management company has come up with a solution to the problem. He believes there is a more important factor which plays an even bigger role -- parking, and says there is a "simple solution" to this. "It's reducing time spent searching for parking, " he says. Loghdey claims his company's parking app Parkfind does just...

  • HAVAÍC announces R4.5m investment in Cape healthtech startup Recomed

    South African venture capital (VC) firm HAVAÍC announced today that it has led a fully subscribed equity raise of R4.5-million in Cape Town healthtech startup RecoMed. The investment was secured by HAVAÍC, the Association for Savings and Investment South Africa's Enterprise and Supplier Development (ASISA ESD) Fund, and Growth Grid Venture Capital Partners. It comes after Recomed founder Sheraan Amod (pictured above) last week revealed that his startup, which he founded in 2013, had been in talks with a funder for a second-round of funding. Read more: SA medical bookings platform Recomed set to announce new funding round The startup recently began white labelling its platform – which allows...

  • Surge in black entrepreneurs, Gauteng challenges Silicon Cape as startup capital

    Gauteng is now home to 44% of tech startup founders -- behind the Western Cape's 47%. The percentage of black startups has risen from 26% in 2015, to 50% this year. Just four percent of black tech startups turn a profit, versus 16% of their white counterparts. Over a quarter of startups plan to raise angel or VC funding, but only eight percent receive such funding. Almost a third say they pay market-related salaries, but pay is the top reason for employees leaving. Successful startup founders are most likely to be white males from the Western Cape. The Western Cape might still be the...

  • Slowing economy is biting into startups’ profit reveals Ventureburn survey

    South Africa may have seen an explosion in venture capital (VC) deals of late -- with the value of VC deals having increased by 134% in 2016 over 2015 -- but just 10% of tech startups are turning a profit, reveals the Ventureburn Tech Startup Survey powered by Telkom Futuremakers. The figure of 10% revealed by the survey -- which sampled 260 startup founders from across the country in an online survey in October -- is down from 17% in a survey of 197 founders conducted by Ventureburn in 2015. Gross domestic product (GDP) growth is expected to remain under two percent...

  • A picture of two worlds – black tech startups struggling, finds new survey

    While 16% of South African tech startups founded by white entrepreneurs are turning a profit, a mere four percent of black-owned tech startups are doing the same, a new survey by Ventureburn has revealed. The Ventureburn Tech Startup Survey powered by Telkom Futuremakers – which was released today – found that while the number of black (black African, coloured, Indian or Chinese South African) entrepreneurs running technology startups might be on the rise, most are struggling to make money or access finance. Number of black startups growing In all, 50% of startup founders listed themselves as black – up from 26% in...

  • View the full 2017 Ventureburn Tech Startup Survey presentation

    The 2017 edition of the Ventureburn Tech Startup Survey powered by Telkom Futuremakers, has uncovered a host of detailed insights into the South African startup landscape. From sources of funding and racial breakdowns to the most successful sectors, the survey covered a variety of topics. We have plenty of articles on Ventureburn, but find our comprehensive report embedded below. More information on the Ventureburn Startup Survey: A picture of two worlds - black tech startups struggling, finds new survey White males in Western Cape the most successful startup founders - survey Slowing economy is biting into startups' profit reveals Ventureburn survey Startups hold unrealistic view...

  • Infographic: the 2017 Ventureburn Tech Startup Survey

    The 2017 Ventureburn Tech Startup Survey, powered by Telkom Futuremakers, has delivered plenty of insights into the South African startup landscape. The survey, following on from 2015's seminal survey, saw over 250 South African startup founders respond. But what should you know? You can view all the articles here, but we've also prepared an infographic for your convenience, outlining a selection of findings. Check it out below. More information on the Ventureburn Startup Survey: A picture of two worlds - black tech startups struggling, finds new survey White males in Western Cape the most successful startup founders - survey Slowing economy is biting into startups' profit...