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  • Uprise.Africa crowdfunding platform nets investment from Silicon Valley VC

    SA equity crowdfunding platform Uprise.Africa has secured an undisclosed investment from Silicon Valley based venture capital (VC) firm Nexxus Ventures. In a statement yesterday (23 October), Uprise.Africa said the investment round was concluded on a R60-million evaluation. Uprise.Africa added that the investment will enable it to launch new deals on its platform in the coming months. The investment, Uprise.Africa said, was attributed to the platform being the only regulated equity crowdfunding platform in South Africa and to the "significant experience" of the platform's CEO Tabassum Qadir (pictured above). Uprise.Africa chief marketing officer Inge Prins told Ventureburn today (24 October) that the funding will be invested across...

  • Company Office

    Parkfind claims to be first in Africa with real-time search, navigation and payment

    Tired of driving around Cape Town wasting both fuel and time looking for parking? A company that manages the city's parking claims its app Parkfind is the first in Africa that allows you to search for, navigate to and pay for parking in real-time. "Parkfind is the s**t," says Zunade Loghdey. He's the founder of Street Parking Solutions (SPS) the Cape Town-based on-street parking solutions company that launched the parking app in July. "We are the first in Africa and one of two or three in the world with a full time search, navigation and payment application,” says Loghdey. Parkfind utilises the best of parking technology to...

  • Egyptian startup HitchHiker secures $200k round from Dubai-based angels

    Cairo-based peer-to-peer international shipping startup HitchHiker has announced that it has secured $200 000 in a round of funding led by Dubai based angel investors. The startup made the announcement last Friday (19 October) in a post on Facebook. "We Couldn't Be More Proud We Raised $200,000 in our first Seed Round of Investment. Thanks to our users who trusted us and used our app as Shoppers or Travelers ," the company posted. HitcHiker was founded last year by CEO Hussein El-Terawy (pictured above, left) CTO Hassan Selim (pictured above, right). The startup connects shoppers with travellers from around the world through its...

  • Four African startups make it into PeaceTech Accelerator’s fifth cohort

    Four African startups -- two each from Ghana and Nigeria -- have been selected for the fifth cohort of the Washington DC-based PeaceTech Accelerator. The accelerator, which is run by UK-based tech investment firm C5 Accelerate in collaboration with Amazon Web Services, PeaceTech Lab and SAP NS2, was established to scale startups on the cloud and solve problems relating to peace, stability and security worldwide. The four startups are Lagos-based proptech Muster, Nigerian talent marketplace Coven Works, Accra-based back-end platform Devless and Ghanaian supply chain platform Jetstream Africa. C5 Accelerate invests $25 000 for a five percent equity stake in the startups participating in...

  • Pick a sector, add internet and your firm could be worth millions [Opinion]

    Given all the press, you would be forgiven for thinking that startups were have only become a thing in the last 20 years. The reality is that startups have existed in all shapes and forms since the beginning of time. Some fail and some are the big companies we know today. But it really is different this time. And the reason is because this new wave entrepreneurship is far bigger than ever before, and it’s been driven by the internet revolution. In the past it was unheard of that young university graduates would go on to create billion-dollar companies. It’s because of the...

  • First speakers confirmed for TechCrunch Startup Battlefield Africa

    Nigeria's former communication technology minister Omobola Johnson and Singularity Investments principal investment officer Lexi Novitske are among the first speakers confirmed for this year's TechCrunch Startup Battlefield Africa -- which takes place in Lagos in December. The startup competition will see some of the continent's hottest startups competing to be crowned Africa's best startup. In addition, the event -- which is set to take place on 11 December -- will also feature panel discussions and keynotes from high-powered industry leaders that will explore the best tech in Africa and how the technology investment landscape is changing. In a statement today (23 October), US tech publication TechCrunch said...

  • Here’s how to qualify for 10% discount on Seedstars Africa Summit tickets

    Seedstars World, one of the largest startup competitions for emerging markets, will host the fourth edition of its annual Seedstars Africa Summit in Dar es Salaam, Tanzania in December. As part of an agreement with Seedstars, Ventureburn readers will get 10% off the ticket price. The summit, which will be held from 11 to 13 December, aims to bridge the gap between the various ecosystem roleplayers and help connect regional stakeholders to promote tech entrepreneurship as a way to impact people’s lives. The summit will kick off with a bootcamp, where participating startups will have an opportunity to meet the mentors in fields like growth...

  • German-based VC GreenTec Capital Partners to open office in Lagos

    Frankfurt-based venture capital (VC) firm GreenTec Capital Partners has announced that it will expand its footprint in West Africa by opening an office in Lagos, Nigeria. In a post on its website last Wednesday (17 October), Greentec Capital Partners said the opening of the Lagos office -- which the firm said represents its second step in the VC's African expansion strategy -- will give it better access to West Africa, and particularly Nigeria. The firm stated that the Lagos office will be run by newly appointed members David Ogundeko and Eniola Lawal. The VC firm already has two offices in Africa --...

  • InfoShare 2019 Startup Contest offers up to €30k in prizes, applications now open

    European tech conference InfoShare has opened applications for its global startup contest with up to €30 000 in prizes up for grabs. InfoShare's Startup Contest is open to seed and early-stage startups from around the world. Applications close on 28 February. The startup that wins the contest will receive a €20 000 cash prize, while second and third placed startups will win €7000 and €3000, respectively. In addition, 20 semi-finalists will each receive two free startup passes and an expo booth to showcase their solutions at InfoShare on 8 and 9 May in Gdansk, Poland. InfoShare 2019 will take place on 8 and 9 May in...

  • 10 fintech apps to help you better manage your startup’s finances

    Your startup’s on fire! Now get the best fintech apps to help manage your company’s finance. Navigating the complexities of startup finances can be tough. In the beginning when there is little or no money, it’s not all that hard to do. But as you start scaling, the finance function becomes a beast – and a critical element of business success. We are fortunate to live in exciting times. New fintech apps make managing your numbers easier than ever before. Put the right things in place now to set you up for scale. These 10 fintech apps can help you do just that: 1. Xero...

  • The ultimate checklist if you’re starting a business [Sponsored]

    Start a business, they said. It will be fun, they said. No matter how many books you read or how much advice you receive, becoming an entrepreneur is no easy task. However, if you believe in your dream and want to make them come true, you’ll probably need this handy checklist to ensure everything goes your way. Have a business plan You’ve got a plan? Then, stick to it. Having a specific goal for your brand will allow you the platform you need to make informed decisions to get to where you want to see yourself in two years. Consider things like: How do you intend...