Ventureburn - Startup news for emerging markets

We’re betting on investing R250m in startups over next 3 to 5 years – HAVAÍC head

Venture capital (VC) company HAVAÍC is betting on an exciting next three to five years. This, after the Cape Town based VC deployed R40-million in…

HAVAÍC reveals its invested about $550k in SA biotech startup 3X4 Genetics

Cape Town based venture capital (VC) company HAVAÍC has invested “about $550 000” in genetic tests startup 3X4 Genetics, the VC’s CEO Ian Lessem…

HAVAÍC, institutional funder invest further R6m in Aura

Joburg-based startup Aura has netted a further R6-million from Cape Town based venture capital (VC) company HAVAÍC. The investment, which was made in the last…

KYC startup VerifyMe Nigeria raises Series-A round

Lagos-based ID verification and Know Your Client (KYC) startup VerifyMe Nigeria has raised an undisclosed Series-A round from Consonance Investment Managers. VerifyMe’s platform enables…

African fintech startups to benefit after Catalyst Fund nets $15m from UK Aid, JP Morgan

Fintech startups in Kenya, Nigeria and South Africa that target financial inclusion, are among those set to benefit from grants of up to $100…

Digital Lab Africa opens applications for its fourth acceleration programme

Digital Lab Africa (DLA) is calling on creatives and cultural entrepreneurs from Sub-Saharan African countries to apply for the fourth edition of its acceleration…

Nigerian fintech Flutterwave raises $35m Series-B round

Flutterwave, a US-based fintech startup founded by Nigerians, has raised a $35-million Series-B round led by US venture capital firms Greycroft and eVentures. CRE…

Stellenbosch based Skynamo secures $30m investment from Five Elms Capital

US software investor Five Elms Capital has invested $30-million in Stellenbosch based tech company Skynamo, a field sales app and management platform provider. In…

SA email protection startup Sendmarc nets investment from Kalon Venture Partners

Sendmarc, a Johannesburg-based startup that offers email protection from phishing attacks and email spoofing, has landed an undisclosed amount in investment from SA venture…

Kalon Venture Partners tops up three portfolio investments, makes new deal

SA venture capital (VC) company Kalon Venture Partners last year committed fresh investments in three of its current portfolio companies and last month invested…

Fintech MFS Africa lands $1.2m follow-on investment

Johannesburg-based fintech firm MFS Africa has landed a further $1.2-million as a follow-on investment, from Nairobi-based FSD Africa Investments. FSD Africa Investments, which is…

UK’s CDC Group commits $15m to TLcom’s Tide Africa Fund

UK development finance institution and impact investor CDC Group has committed $15-million to TLcom’s Tide Africa fund to support early-stage high-growth startups across sub-Saharan…

Stellenbosch University spin-out behind award-winning nanofibre skincare product

A Stellenbosch University spin-out company is behind a nanofibre cosmetics product which was selected by Time Magazine as one of the 100 Best Inventions…

Tech startups likely to weather SA’s economic slowdown say venture capitalists

South Africa’s economic outlook is grim. With the prospect of further power blackouts looming and struggling state-owned entities on the brink of failure, the…

SA’s I’M IN Accelerator to provide startups in 2020 cohort with up to R1.5m in funding [Updated]

UPDATE 20 January 2019: Subsequent to this article being published, I’M IN Accelerator told Ventureburn that it will provide startups that are accepted into…

My parents said I was crazy to start a business, SweepSouth’s Aisha Pandor reveals in podcast

Save three years’ worth of salary. That’s what SweepSouth co-founder Aisha Pandor’s mother — the Minister of Foreign Affairs Naledi Pandor — advised her…

How to get your startup to appear in the media [Opinion]

It’s a new year and you’re probably big on getting your startup noticed. One way is to get media coverage. As a startup one…

Eight SA startups to keep an eye on in 2020

A number of tech startups featured in news headlines last year. Ventureburn has picked eight that we think readers should follow closely in 2020….

How Endeavor plans to make social impact by backing high-growth entrepreneurs [Q&A]

Endeavor is more than simply a networking club for the business elite, but an organisation that aims to make a sustained social impact by…

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