Venture capital

New AfDB fund to help grow electronic financial services for low-income communities

The African Development Bank (AfDB) with its partners has launched the Africa Digital Financial Inclusion Facility (ADFI) which aims to expand digital financial transactions…

SA’s The Sun Exchange raises $260k from US impact investors

SA startup The Sun Exchange has raised $260 000 from undisclosed US impact investors in a deal that is part of its targeted $3-million seed…

SA insurtech Inclusivity Solutions nets $1.5m in round led by Goodwell Investments [Updated]

Cape Town based insurtech startup Inclusivity Solutions has raised $1.56-million in a Series-A round led by Amsterdam-based impact investment and advisory firm Goodwell Investments….

Kenya’s Twiga Foods secures $5m from French investor Creadev

Nairobi-based mobile-based B2B distribution platform Twiga Foods has secured a $5-million investment from French investor Creadev. Citing a statement it had received, Kenyan radio station KassFM said in an…

Egyptian edtech Orcas lands $500k from Algebra Ventures, NFX Capital

Egyptian startup Orcas has raised $500 000 in a pre-Series A funding round led by Egyptian venture capital (VC) fund Algebra Ventures, with participation from…

HAVAÍC invests undisclosed sum in Kenyan virtual postbox startup Mpost

Cape Town based venture capital (VC) firm HAVAÍC yesterday announced that it had invested an undisclosed sum in a pre-Series A round in Kenyan virtual…

Female focused Dazzle Angels close to making first investment

Dazzle Angels, SA’s first angel fund focused entirely on women-owned technology businesses, is edging closer to announcing its first deal. Alexandra Fraser (pictured above),…

SA hardware tech incubator Savant invests over R9m in medtech startup SmartBlade

SA hardware tech incubator Savant has invested R9.5-million in Cape Town based medtech startup SmartBlade. Savant venture fund manager Nick Allen (pictured above) —…

German government launches €1bn Africa fund

German ambassador to Ghana Christoph Retzlaff earlier today announced that the German government had launched a €1-billion Africa fund. Retzlaff (pictured above, left with former Ghanaian…

Uprise Africa calls on funders to co-invest with crowdfunding platform

SA equity crowdfunding platform Uprise.Africa is calling on venture capital funds and other funders to co-invest with individual investors on its platform. The call…

Time is right for VCs, equity crowdfunding platforms to collaborate [Opinion]

Crowdfunding, a fairly new concept in South Africa has emerged as an epic tale, marking the start of a new era. SA equity crowdfunding…

SA crypto exchange Ovex deal with Invictus Capital ‘was less than R10m’

SA cryptocurrency exchange Ovex revealed today that the seed investment it secured from Cayman Islands-based crypto asset management firm Invictus Capital was “less than R10-million”. Ovex, which launched…

Cameroon’s Kiro’o Games turns to it’s own crowdfunding platform to raise $1m

Faced with hesitant investors who Cameroon’s Kiro’o Games believe failed to realise the potential of a games development studio, the startup is using an equity crowdfunding…

Helios Investment Partners reported to have plans for $1.25bn Pan-Africa Fund

London-based Helios Investment Partners is said to have plans to raise a $1.25-billion fund aimed at investments in Africa, US business publication Bloomberg has…

SA’s Travelstart announces investment deal with HarbourVest

SA travel booking company Travelstart yesterday announced that global private markets investment firm HarbourVest, which has $58-billion under asset management, will become a significant funding partner for…

Egypt’s Mintrics is raising a $500k funding round earmarked for US expansion

Egyptian social video analytics platform Mintrics is currently busy closing a $500 000 investment fund and intends to use the funding to expand to the…

SA startup GovChat announces it’s secured investment facility of up to R20m

Pretoria-based citizen engagement platform GovChat has secured an investment facility from JSE-listed firm Capital Appreciation, that will allow the start to tap up to R20-million…

Nigeria’s Gokada raises $5.3m Series-A round led by Rise Capital

On-demand motorcyle ride-hailing startup Gokada has announced that it has raised a $5.3-million Series-A round led by San Francisco-based Rise Capital. The Lagos-based startup…

Oui Capital led deal involving maritime startup MVX was for $100k

Lagos-based on-demand B2B maritime service Motor Vessel Xchange (MVX) has announced that an investment round it closed some months ago — which was led…

Jozi Angels Deal Day to highlight investing in startups

When you the words “tech startups” in South Africa come to mind, many still picture the city of Cape Town and the surrounding winelands. But…

Here’s how you can tap German investor Allianz X’s €1bn fund

Are you running a growth-stage company that’s part of the insurance industry? Then you could just be the kind of firm that German investor…

How we raised R29m in seven days via crowdfunding – Intergreatme man [Q&A] [Updated]

UPDATE (30 May 2019): Intergreatme’s equity crowdfunding campaign has closed, with the startup having raised a total of R32,601,000 against a targeted raise of…

SA’s Intergreatme sets Africa crowdfunding record with over R28m raised in just days [Updated]

UPDATE (30 May 2019): Intergreatme’s equity crowdfunding campaign has closed, with the startup having raised a total of R32,601,000 against a targeted raise of…

WhatsApp will take legal action against spammers, starting December

Showmax rolls out new sports streaming feature to all customers

New AfDB fund to help grow electronic financial services for low-income communities

Top startup events in South Africa, Africa you should know about this week [14/6/2019]

Six Nigerian fintech startups to keep an eye on

Google’s new Game Builder lets you make 3D games on Steam

Huawei users are getting Booking.com ads on their lock screens

The 5 games that totally won E3 2019, according to social media data

Audi’s new cars in Germany will count you down, pace you to green lights

Two Ford Focus trim levels also found to have lock issues

South Africa’s govt ministers really love German cars and big Toyotas report reveals

Venture capital

New AfDB fund to help grow electronic financial services for low-income communities

SA’s The Sun Exchange raises $260k from US impact investors

SA insurtech Inclusivity Solutions nets $1.5m in round led by Goodwell Investments [Updated]

Kenya’s Twiga Foods secures $5m from French investor Creadev

Egyptian edtech Orcas lands $500k from Algebra Ventures, NFX Capital

HAVAÍC invests undisclosed sum in Kenyan virtual postbox startup Mpost

Female focused Dazzle Angels close to making first investment

SA hardware tech incubator Savant invests over R9m in medtech startup SmartBlade

German government launches €1bn Africa fund

Uprise Africa calls on funders to co-invest with crowdfunding platform

Time is right for VCs, equity crowdfunding platforms to collaborate [Opinion]

SA crypto exchange Ovex deal with Invictus Capital ‘was less than R10m’

Cameroon’s Kiro’o Games turns to it’s own crowdfunding platform to raise $1m

Helios Investment Partners reported to have plans for $1.25bn Pan-Africa Fund

SA’s Travelstart announces investment deal with HarbourVest

Egypt’s Mintrics is raising a $500k funding round earmarked for US expansion

SA startup GovChat announces it’s secured investment facility of up to R20m

Nigeria’s Gokada raises $5.3m Series-A round led by Rise Capital

Oui Capital led deal involving maritime startup MVX was for $100k

Jozi Angels Deal Day to highlight investing in startups

Here’s how you can tap German investor Allianz X’s €1bn fund

How we raised R29m in seven days via crowdfunding – Intergreatme man [Q&A] [Updated]

SA’s Intergreatme sets Africa crowdfunding record with over R28m raised in just days [Updated]

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