Venture capital

Wellness app Strove raises R4 million in seed funding

Employee wellness app Strove has raised R4 million in seed funding in a round led by venture capital firm, Launch Africa. The round comes…

Legal advice for entrepreneurs: the ABCs of Due Diligence

Investor funding can be the lifeblood of a start-up. However, most investors will want to conduct a due diligence investigation on a business before…

Cape healthtech iNNOHEALTH raises seven-figure seed capital

Cape Town-based startup, iNNOHEALTH has announced an undisclosed seven-figure investment from a Hong Kong-based VC. The investment will go to expanding the startup’s doctor-led…

Lagos startup Terragon secures growth investment

Lagos-based startup Terragon has secured an undisclosed investment from VestedWorld, an Africa-focused early-stage investment fund manager. The firm announced the partnership on 30 June…

Ghanaian fintech Zeepay completes $7.9-million funding round

Accra-based fintech Zeepay announced the completion of a $7.9-million Series A.0 funding round on 30 July 2021. Funds raised hybridise equity and balance sheet…

Cape startup Brown and Ayo awarded R4-million investment

Enygma Ventures has announced a R4-million investment into Cape Town-based black hair care and lifestyle brand Brown and Ayo. The investment reflects the venture…

Cape Town-founded tech startup secures R42-million

Cape Town-founded mobility tech startup WhereIsMyTransport has secured R42-million in funding from Naspers. This investment forms part of R201-million funding round led by Naspers Foundry,…

African food company receives R9.2-million investment

Eswatini based food company, Black Mamba Foods has secured R9.2-million in funding from US venture capital (VC) fund Enygma Ventures. The funding be used…

Black-owned management consulting firm receives investment

Letsema, a 100% black-owned management consulting firm at the heart of a diversified investment group, has received undisclosed funding from the Vumela Fund. The…

Alphawave Group secures R100-million investment

A Stellenbosch-based technology investment group, Alphawave Group has received an R100-million investment from Kagiso Capital, an investment holding company. Investment holding company invests R100…

Uganda MSMEs receive $500 000 grant

The African Development Bank has collaborated with the Government of Uganda to sign a $500 000 grant agreement to support micro, small, and medium enterprises…

Morocco VC invests in three African tech startups

Morocco-based business to business (B2B) venture capital fund, Outlierz Ventures has invested in three innovative African tech startups, namely; YouVerify, Bamboo, and Healthlane. Africa-focused seed fund…

Local AI fintech startup secures $1.6-million investment

Johannesburg-based AI fintech startup, FinChatBot has secured $1.6-million from Saviu Ventures, a French investment holding company that focuses on African startups; Mauritius-based Compass Venture Capital and…

New micro financing VC fund for black women in tech launches

South Africa’s first solely black-woman-owned private equity fund for underrepresented tech startups, Khula Lula,Lula, has officially launched. Khula Lula is the country’s first solely…

Moroccan AI tech startup secures $1.1-million

The innovative AI technology developed by Moroccan startup ATLAN Space has attracted a $1.1-million Series A funding round from Maroc Numeric Fund. ATLAN Space…

East African women’s health tech startup secures $1-million

East African tech startup, Kasha has received $1-million investment from Swedfund, a Swedish Development Finance institution. The investment will be utilised to promote the…

Kenyan micro-insurtech startup secures $2-million

Turaco, a Kenya-based micro-insurtech startup has secured $2-million in series seed equity investment from Novastar Ventures, Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr…

Nigeria’s Xend Finance secures 1.5-million funding

Xend Finance, a Nigerian tech startup has launched the first decentralised finance (DeFi) platform that allows users to save and invest in stable currencies…

Data marketplace tech startup secures early-stage funding

CARMA, a data marketplace tech startup that aims to fill the gap in the credit reference and lending space where credit history and other…

Egypt logistics startup ILLA receives $500 000 in funding

Egypt-based logistics startup ILLA, has received a reported $500 000 in funding from Averroes VC, AUC Angels, and a group of local and regional…

Egypt’s Brantu secures seven-figure funding

Egypt-based startup Brantu, an eCommerce fashion online platform has secured an undisclosed seven-figure amount of funding in a Series A round led by Sawari…

Local agritech startup secures $1.5-million in funding

South African agritecth startup, swiftVEE has secured $1.5-million in an investment round led by Subtropico Ltd, an unlisted public company specialising in Agri investments…

Kenyan agritech startup secures $220 000 funding

Farmers Pride, a Kenya-based agritech startup has secured a reported $220 000 in funding from US-based impact investor, Gray Matters Capital. The inclusive agritech aims…

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Huawei Cloud and Elenjical Solutions Partner to Accelerate Financial Digital Transformation in Africa

Mastercard and enza Join Forces to Supercharge Fintech Innovation in Africa

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Microsoft launches new Surface devices in new AI era

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JLR channels its Camel Trophy history

Luca de Meo and his Renault legacy