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All posts tagged "4Di Capital"

  • Startups need at least 10x in 5 years to be good investment – VC, angel investors

    Want to get investment from an angel or venture capital (VC) investor? You're going to have be able to grow the valuation of your startup by about 50% year on year and return to investors 10 times what they invested in your company -- all in just five years. Most South African based VCs Ventureburn spoke to this month say they look to return to investors 10 times their initial investment and grow the value of an investment at about 30% to 40% per year for about five years. “To achieve 10X in five years you need to be growing at above 50% year...

  • Sensor Networks nets new funding round of R13-million to expand IoT products

    Just months after securing funding from 4Di Capital, Cape Town based Internet of Things (IoT) platform Sensor Networks has secured a further round of investment -- of R13-million, from 4Di Capital, Sanari Capital, which led the round and The Asisa ESD Fund, managed by Edge Growth. The current round of funding -- which follows a smaller round of investment that the startup announced in August last year -- is for expansion capital and new-product development. Sensor Networks founder Mark Allewell (pictured above with his team, fourth from left) told Ventureburn today that the funding would help expand the three-year old startup's B2B products which it...

  • 7 South African healthtech startups to watch in 2018 [Digital All Stars]

    Digital All Stars is a series of articles which aims to celebrate the best of South African digital. The articles, which will appear on Memeburn and Ventureburn, recognise and celebrate South Africa’s best digital entrepreneurs, business people, advertisers, and media professionals among others. An increasing demand for accountable care and the digital delivery of health care is driving more startups to develop innovative health care solutions. With the launch of new call for startups on 3 April by accelerator Digital Health Cape Town (see the story here), Ventureburn takes a look at seven promising South African healthtech startups to keep an eye on. Recomed Fresh off a R4.5-million...

  • With Zuma gone, investor interest has picked up say local venture capitalists

    Investor interest in placing money in venture capital funds has picked up since the resignation last month of Jacob Zuma as president and the swearing in of Cyril Ramaphosa, say cautious local venture capitalists. Speaking to Ventureburn yesterday, Kalon Venture Partners CEO Clive Butkow (pictured above) said he'd experienced renewed interest from investors since the election in December of Cyril Ramaphosa as ANC president. He noted that a breakfast meeting he held in Johannesburg on 2 February saw about 1000 investors and representatives from family offices attend. “I think had it not been for the Zuma change we wouldn’t have received that interest,” he said. He added that...

  • Funding your startup: Ventureburn lists the SA investors delivering [2018 update]

    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...

  • Here are the 15 SA tech startups that have netted $137.7m in 2017 deals

    South African tech startups have concluded deals valued at over $137.7-million so far this year, shows data tracked by Ventureburn. Ventureburn has tracked and reported on 15 deals valued at over $137.7-million to date in 2017 -- including the $123-million acquisition in May of Cape Town startup GetSmarter by US listed company 2U. In all 12 of these deals involved Cape Town based startups, with one each based in Johannesburg, Bloemfontein and Stellenbosch. If one excludes the GetSmarter deal, 14 tech startups have been able to raise $14.7-million this year (see the below graphic). In a further three deals reported on by Ventureburn the parties did not...

  • 4Di Capital funding was ‘less than R10m’ confirms SA IoT startup Sensor Networks

    Cape based Internet of Things (IoT) platform Sensor Networks has secured funding from South African venture capital (VC) fund 4Di Capital. Sensor Networks founder Mark Allewell (pictured above with his team, fourth from left) announced the deal yesterday. It's the second investment 4Di Capital has this week made public. Read more: SA drone startup Aerobotics secures R8m in funding from 4Di, Savannah Fund  While Allewell declined to say how much funding his two-year old startup has tapped, when pushed by Ventureburn to reveal more details he confirmed that it was "less than R10-million", which included a minority stake in the company by 4Di...

  • Q&A: Focus on creating unicorn for SA is misdirected says Justin Stanford

    Any overt focus by South African ecosystem players on creating the country's first unicorn is a "misdirection of attention" says venture capitalist and founder of 4Di Capital Justin Stanford. With the number of multi-million acquisition deals concluded by South African startups seemingly on the increase of late, Stanford says the country should rather focus on systematically repeatable value creation. 'Focus on headline number of $1-billion valuation is misdirection of attention' It follows the $445-million sale of Kapa Biosystems in 2015 and, more recently, the $123-million GetSmarter deal announced in May. Read more: Are these the 10 all-time biggest exit deals for SA startups? Responding to emailed questions from Ventureburn, Stanford...

  • Zoona raises $15-million in Series B funding round, 4Di Capital on-board

    African fintech startup Zoona has announced a series B funding round of US$15-million. The round concluded a week prior to the announcement and was led by the International Finance Corporation (IFC), a member of World Bank Group. Cape Town-based venture capital firm 4Di Capital is one of the investors, having injected an unspecified amount in Zoona. According to Justin Stanford, co-founder and managing director of 4Di, this is the first investment from the firm's new fund. Stanford holds a four-year non-executive position on Zoona's board. Series A investors Accion, consisting of Quona Capital, and Omidyar Network, doubled their investment for the Series B round, with the Lundin Foundation increasing...

  • New 4Di Capital VC fund raises R256m

    This is very good news for the South African startup space. 4Di Capital, the Cape Town-based venture capital firm has raised R256-million for its new fund, aimed at early and growth-stage startups. According to an official blog posted on the company's website, the bulk of the money for the fund comes from MMI Holdings's recently launched Exponential division. Headed by company veteran Jaco Oosthuizen, the division's aim is to hunt out innovative entrepreneurs. To date, it's primary focus has been on potentially disruptive innovation opportunities around financial wellness globally and domestically in South Africa. In the line with that, the new...