Venture capital

Africa’s only Metaverse venue bags Swiss VC funding

Billed as Africa’s first and only Metaverse venue, SodaWorld has secured initial global investment form a prestigious Swiss venture capital firm. The technology start-up enables…

SAVCA to honour businesses who thrived with investment

Portfolio companies, private equity and venture capital funds have until Monday, 15 August to enter the 2022 SAVCA Industry Awards hosted by the Southern…

Venture builder Aions reveals its first 3 incubator start-ups

Venture builder and business incubator Aions Creative Technology has unveiled the first three start-ups that it will be funding through its unique funding model, which will…

Grow African business via domestic capital, foreign funds

Access to capital is probably the most significant factor in the success of growth-stage businesses. While investment funding is well within reach in many…

BII announces $20m investment in mobility fintech Moove

British International Investment (BII), the UK government’s development finance institution, has made a $20 million, four-year structured credit investment in Moove – a mobility…

Futuregrowth announces high-growth development equity fund

Early-stage businesses with a strong developmental impact are set to benefit from the soon-to-be launched high-growth development equity fund by Futuregrowth, a leading South…

Omame to grow TLcom deal flow generation into pre-seed

Africa-focused venture capital firm TLcom has announced the appointment of Eloho Omame as a partner, bolstering its capabilities as it ramps up deployment of…

[Opinion] ‘Grow SA through local venture capital funding’

Justin James, co-founder and investment partner at Fireball Capital, explains how his venture capital fund management firm, has observed an exponential acceleration of external…

FMO backs AfricArise to fast-track tech start-ups

Tech start-ups in Ghana, Morocco and Tanzania are set to benefit from a partnership between AfricArena, Africa’s leading tech ecosystem accelerator and deal-flow platform,…

Angel investors plug early-stage funding gap in Africa

One of the biggest challenges facing entrepreneurial startups in sub-Saharan Africa is funding – particularly early-stage financial support – even though the landscape across…

Flow is ‘barometer of proptech growth in SA’

It comes to no surprise that fintech is the kingmaker in the African investment space. After all, the value of this is set to…

Huge funding boost for e-commerce platform Rentoza

South African on-demand subscription platform Rentoza is set for accelerated growth following a R20 million funding boost from the MIC Khulisani Ventures fund. Rentoza…

E-commerce start-up Shopstar secures third funding round

South African e-commerce platform Shopstar has announced that it has secured third-round funding from Launch Africa Ventures, signalling the next phase in its strategy…

Naspers invests $2.5m. in fresh produce start-up Nile

Naspers, through its early-stage tech investment vehicle Naspers Foundry, announced $2.5 million investment in Nile, an agritech company that connects farmers to buyers of…

Shein’s breakneck growth slows, testing $100bn. valuation

Shein, the Chinese fast fashion giant that’s quickly become the third-most valuable startup in the world, is seeing a reality check with sales growth…

AfricArena honours 5 start-ups at Dakar summit

No less than five African start-ups now have a shot at participating in AfricArena’s most sought-after tech summit in November. The winners – mostly…

Boost for investment skills of local capital providers in Africa

Ten fund managers active in Africa’s tech space have been selected from across the continent for the LAUNCH Capital Provider Fellowship Programme. Facilitated by…

African B2B marketplace Kwely banks $1 million in seed round

Kwely, an Africa-based B2B marketplace, has raised closed to $1 million seed round funding. This, says the company, enables it to “redefine the perception…

20 of Africa’s finest start-ups to pitch at AfricArena summit

More than 20 of Africa’s finest start-ups will today and tomorrow vie for the attention of international investors attending the AfricArena West Africa Summit…

Futuregrowth bags one of SA’s largest seed funding rounds

In one of the largest seed funding rounds in South Africa’s history, Futuregrowth was the lead investor in Inseco, a start-up company using black…

African genetics company raises $1.6m seed round

Billed as the first African-based direct-to-consumer genetics company to introduce polygenic risk scoring (PRS) to generate DNA test results, BioCertica has just launched a…

Endeavor Harvest Fund II closes as most active VC in SA

Endeavor South Africa has raised double its initial target for Harvest Fund II with R190 million raised in the fund’s final close. The fund…

Cape Town based Locstat raises investment from Grindstone Ventures

Cape Town based advanced analytics company, Locstat, has secured undisclosed amount of funding from Grindstone Ventures. Founded in 2016, Locstat enables customers to unlock…

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Whatsapp: users get two days to delete message

Africa’s fintech, crypto leaders to meet at Ghana summit

Tripesa to digitise tourism MSMEs following pre-seed round

Yellow Card simplifies money transfers through crypto rails