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  • delvv.io receives R6.5m in funding round [update]

    Update 22-11-2016: additional quotes and information. Startup delvv.io has received R6.5-million in a funding round, which was led by SA VC HAVAIC and UK-based investor Kevin Gaskell. The amount will be used to expand the startup's reach both locally and internationally. The startup enables agencies and brands to receive early-stage feedback on a variety of ideas from a network of independent specialists. "Entering the funding phase is exciting because it means we can go to market faster and start international expansion," says the co-founder of delvv.io, Trevor Wolfe, in a press release to Ventureburn. Wolfe goes on to explain that trying to raise funding from international VCs...

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    First Two Apple Watches Sold on bidorbuy

    (4 May 2015) The Apple magic is as strong as ever. The proof is in the sale of two Apple Watches on bidorbuy at prices that can only be described as premium. Tech7, one of thousands of sellers who sell regularly on South Africa’s online marketplace, posted his wares on 28 April: two beautiful Apple Watches, one made of aluminium alloy, and the other of stainless steel. On 3 May, one buyer snatched both, presumably happy to pay the premium price for the bragging rights of being one of the first in South Africa to wear Apple’s newest wonder. The aluminium...

  • Accenture SA awarded level 1 B-BBEE status [Sponsored]

    Accenture (NYSE: ACN) has been awarded a Broad-Based Black Economic Empowerment (B-BBEE) Level 1 status in South Africa under the Government initiative introduced to empower historically disadvantaged groups and boost the economy. Following a successful B-BBEE verification process based on the Information and Communications Technology (ICT) Codes by Empowerdex, Accenture’s investment on skills development programmes for black employees was cited as a significant contribution to the achievement of Level 1 status. "Accenture’s programmes to identify, recruit and train historically disadvantaged individuals who show potential to develop their skills pre-date government requirements," said William Mzimba, Chief Executive of Accenture in South Africa...

  • She Leads Africa announces Demo Day winner

    She Leads Africa (SLA), an ecosystem designed to help young African women make their entrepreneurial dream a reality, has announced the winner of their 2016 accelerator. The 2016 SLA Accelerator Programme began in July in Lagos with help from companies such as Work in Progress, Alliance and Guaranty Trust Bank. This programme was aimed at identifying, supporting and funding some of Nigeria's brightest female entrepreneurs. Fresh Direct Produce and Agro-Allied Services were announced as the winners of the Investor Demo Day and have won an N2-million investment from SLA as well as business support services. Fresh Direct Produce and Agro-Allied Services is...

  • Top startup events in South Africa, Africa you should know about this week [21/11/2016]

    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...

  • Ventureburn is looking for an intern: apply here

    Do you follow the ebbs and flows of technology and entrepreneurship? Do you boast the unique ability to craft letters into words, and words into factual works of art? Are you currently on the hunt for a job at a media institution in Cape Town? If you answered yes to all three questions, you might just be the intern Ventureburn is looking for. Ventureburn is looking for a talented and driven full time paid writing intern who is especially interested in startup culture. You'll also work for us between three to six months, under the guidance of some of the city's best...

  • Fourex, SA-owned UK fintech startup, takes home top British award

    South African-owned UK company Fourex, has been awarded the Duke of York New Entrepreneur of the Year award at the 2016 Lloyds Bank National Business Awards UK. The company creates kiosks for currency exchange. Users can exchange money from over 150 currencies, paid out in Pounds, Euros, or Dollars, with no fees or commission. It is funded out of Johannesburg by Genesis Capital Partners. According to the awards website, "Fourex ticked all the boxes to win the New Entrepreneur of the Year Award, they impressed the panel with how well the concept had been thought through and then executed." "Their relentless drive for innovation has culminated in...

  • BeSpecular CEO wins Innovator Recognition Award from MTN

    The CEO of tech startup BeSpecular, Stephanie Cowper has been awarded the Innovator Recognition Award at the inaugural MTN Women In ICT Awards "Partnering for Change" awards. According to the MTN website, the "category recognises women that have introduced new methods, ideas, or products that are contributing in one way or the other to the delivery of a bold, new, digital world." The BeSpecular app works by allowing volunteers with sight to help the visually impaired. Users can take a photo of an object or situation, upload it, and have it identified by those who are able to assist. Since the app's launch on both iOS...

  • French Tech launches first of its kind incubator in Cape Town

    International startup ecosystem hub French Tech, has launched its first incubator in SA. Located in Century City, Cape Town, the incubator is also the first of its kind in the French Tech system. "This building really is the first physical incubator in the worldwide French Tech network," says lead ambassador of French Tech CPT Hub, Christophe Viarnaud. When asked about why the incubator launched in SA as opposed to other African countries, Viarnaud told Ventureburn this was due to the financial and legal system being easier to navigate, as well as English being the primary language. It is one of 22 French Tech...

  • Greener pastures for WeFarm after £1.3m seed funding round

    Peer-to-peer agritech startup WeFarm has raised £1.3-million in seed funding. The round was led by UK-based VC, LocalGlobe. "Connecting farmers to relevant advice from other farmers is a completely new approach," says founder and CEO of WeFarm, Kenny Ewan, in a press release. WeFarm's network allows for small-scale farmers to share and access crowdsourced information from other farmers. "The majority of information delivered to people living in poverty is top-down, whereas we are using a crowdsourcing model to unlock generations worth of grassroots knowledge, ideas, and experience among farmers." The seed funding amount will be used to grow WeFarm's network. WeFarm has a community of farmers across Africa...

  • AlphaCode attracts over 1000 members

    Fintech accelerator AlphaCode has reached over 1000 members in a single year. The Rand Merchant Investment (RMI) initiative has seen eight member-to-member deals and invested R9-million into 11 various black-owned businesses through their partnership with Bank of America Merrill Lynch. AlphaCode has also invested in Merchant Capital, which provides alternative working capital for SMEs in SA. "The Rand Merchant Group has a history of partnering extraordinary entrepreneurs who have built disruptive, successful businesses such as RMB, Discovery and OUTsurance," said senior investment executive at RMI, Dominique Collett. Companies that joined AlphaCode cover various sectors of industry. These range from lending, payments and financial literacy to blockchain...