Venture capital

Changes to Section 12J VC regime won’t spell doom for all funds says venture capitalist

Experts last year raised concern over new deductions limits for investors under Section 12J of the Income Tax Act, saying it will reduce the…

African venture capitalists bullish over VC sector ahead of Nigerian Interswitch’s IPO

The World Bank has forecast growth in Sub-Saharan Africa to slow from 3.4% (forecast) in 2019, to 2.9% in 2020. But despite slower growth,…

€60m Janngo Capital Startup Fund to back African tech startups tackling UN SDG goals

African tech startups that tackle the UN’s Sustainable Development Goals (SDGs) are set to benefit from the launch of the €60-million Janngo Capital Startup Fund….

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…

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…

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…

Moroccan real-estate platform Mubawab raises $7m from Middle East property group

Casablanca based real-estate platform Mubawab has raised a $7-million investment from UAE-based Emerging Markets Property Group. Middle East and North Africa (MENA) publication Wamda…

Kenya’s QuickBus raises seed round led by UAE investor

Nairobi based bus booking platform QuickBus has raised an undisclosed seed round in a round led by UAE-based venture capital firm Shorooq Partners. The…

African tech firms closed funding deals worth $1.27b in 2019 – Briter Bridges report [Updated]

African tech companies raised $1.27-billion in funding across 167 disclosed deals in 2019, an investment summary by London-based research firm Briter Bridges has found….

SA proptech Flow set to close new funding round at end of month, says CEO

Proptech startup Flow, which last year raised R20-million in a seed round, is set to close a second seed round at the end of…

Samurai Incubate announces plans to raise over $18m for second Africa fund [Updated]

Japanese headquartered venture capital (VC) firm Samurai Incubate Africa is looking to raise 2 billion yen ($18.2-million) for a second fund to support startups…

Are these the 10 biggest deals by African tech startups in 2019?

Big money. That’s what African 86 tech startups raised this year. While not every startup wanted to disclose how much they raised, those that…

Are these SA’s 11 biggest disclosed VC deals in 2019? [Updated]

UPDATE (20 and 23 December): This article was updated to correctly state that SweepSouth’s R30-million raise from Naspers Foundry was part of a R60-million…

Africa-focused fintech Chipper Cash raises a further $6m

San Francisco based fintech startup Chipper Cash announced yesterday that it had raised a further $6-million, in a seed round led by California-based Deciens…

Netflix drops official ‘Ghost in the Shell’ trailer ahead of April release

Cape Town dams in much better shape in January 2020 than 2018

Google Search might look a bit different in the coming weeks

FSAT Labs, Seda call on tech startups to apply for next acceleration programme

Grant Brooke announces he’s stepped down from managing Twiga Foods

Changes to Section 12J VC regime won’t spell doom for all funds says venture capitalist

Apex Legends trailer teases fans with new season 4 character’s death

Overwatch League, Call of Duty League to stream on YouTube

Motorola Razr 2019’s screen is made with ‘bumps and lumps’ in mind

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Venture capital

Changes to Section 12J VC regime won’t spell doom for all funds says venture capitalist

African venture capitalists bullish over VC sector ahead of Nigerian Interswitch’s IPO

€60m Janngo Capital Startup Fund to back African tech startups tackling UN SDG goals

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

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

HAVAÍC, institutional funder invest further R6m in Aura

KYC startup VerifyMe Nigeria raises Series-A round

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

Nigerian fintech Flutterwave raises $35m Series-B round

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

SA email protection startup Sendmarc nets investment from Kalon Venture Partners

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

Fintech MFS Africa lands $1.2m follow-on investment

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

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

Moroccan real-estate platform Mubawab raises $7m from Middle East property group

Kenya’s QuickBus raises seed round led by UAE investor

African tech firms closed funding deals worth $1.27b in 2019 – Briter Bridges report [Updated]

SA proptech Flow set to close new funding round at end of month, says CEO

Samurai Incubate announces plans to raise over $18m for second Africa fund [Updated]

Are these the 10 biggest deals by African tech startups in 2019?

Are these SA’s 11 biggest disclosed VC deals in 2019? [Updated]

Africa-focused fintech Chipper Cash raises a further $6m

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