F5.5G Leap-forward Development of Broadband in Africa The Africa Broadband Forum 2024 (BBAF 2024) was successfully held in Cape Town, South Africa recently, under…
Angels, VCs throw their weight behind creative platform
A group of angel investors and venture capitalists have invested in Conte Magazine, a new platform for emerging creatives and artists.
While no amounts were revealed, the investment is understood to be large enough to have made a significant difference to the fledgling startup, allowing it to grow its team and footprint.
“The company has grown significantly since the funding. We have attracted a lot of brands, interested media outlets, universities and other organisations who are interested in collaborating with us.” said Charmaine Ngobeni, co-founder of Conte Magazine. “Always have a plan for the money you are looking for,” Ngobeni advises other startups looking for funding.
According to a press release sent to Ventureburn, the funding came about after the investors met the Conte founders at a Venture Network event.
Venture Network is a non-profit, startup community that began in 2013 with the aim of stimulating the entrepreneurial ecosystem. It has grown significantly and is now supported by over a thousand people. Venture Network co-founder, Abu Cassim said, “Venture Network brings startups, investors and other change makers together in a social environment at free events.”