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…
Joburg wedding gift service Wrapistry in R4m deal [Updated]
Online gift registry startup Wrapistry has signed a deal to secure a R4-million investment from Section 12J venture capital fund Anuva Investments and Genesis Capital. The Johannesburg-based…
HAVAÍC announces R4.5m investment in Cape healthtech startup Recomed
South African venture capital (VC) firm HAVAÍC announced today that it has led a fully subscribed equity raise of R4.5-million in Cape Town healthtech startup RecoMed….
Surge in black entrepreneurs, Gauteng challenges Silicon Cape as startup capital
Gauteng is now home to 44% of tech startup founders — behind the Western Cape’s 47%. The percentage of black startups has risen from…
Slowing economy is biting into startups’ profit reveals Ventureburn survey
South Africa may have seen an explosion in venture capital (VC) deals of late — with the value of VC deals having increased by…
A picture of two worlds – black tech startups struggling, finds new survey
While 16% of South African tech startups founded by white entrepreneurs are turning a profit, a mere four percent of black-owned tech startups are…
Startups hold unrealistic view on securing VC, angel funding suggests new survey
Over a quarter of South African tech startup founders believe that they will grow their business by securing venture capital (VC) or funding from…
White males in Western Cape the most successful startup founders – survey
It’s no surprise that the majority of those South African tech founders who report running a profitable or growing startup are white and male….
SA medical bookings platform Recomed set to announce new funding round
Cape Town based medical bookings platform Recomed is set to announce a new funding round led by local venture capital (VC) firm HAVAÍC, the startup’s…
Silvertree founder takes aim at Silicon Valley model of building African startups
African angel investors and accelerators are doing a disservice to entrepreneurs by mimicking the Silicon Valley model of glorifying the pitching of ideas –…
Funder’s focus on making social impact key in $24m deal says JUMO founder
South African fintech startup JUMO opted to go to Finnish development finance company Finnfund for debt funding, because the financier is “very ethical” and “focused…
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