Venture capital

Investment from Sozala Media was less than R1m, reveals Peepz’s Nick Holdcroft

Nick Holdcroft says he’s looking to grow his event staffing platform Peepz, following his announcement last month that his startup had landed an investment from…

Chipper Cash CEO on why African startups aren’t launching the next Paypal

Africa’s fragmented nature could be why the continent’s startups have found it difficult to launch merchant-focused payments products such as Paypal, surmises Ham Serunjogi the…

‘Only 4% of Section 12J funds went to VC in last tax year’

A mere four percent or R120-million of the estimated over R3-billion raised by Section 12J venture capital companies (VCCs) in the 2019 tax year…

InstaDeep raises $7m in round led by Tunisia’s AfricInvest

Enterprise artificial intelligence (AI) startup InstaDeep has raised a $7-million Series-A round led by Tunisian private equity firm AfricInvest. Endeavor Catalyst — the co-investment fund…

InstaDeep raises $7m in round led by Tunisia’s AfricInvest

Enterprise artificial intelligence (AI) startup InstaDeep has raised a $7-million Series-A round led by Tunisian private equity firm AfricInvest. Endeavor Catalyst — the co-investment fund…

Zimbabwe’s Payitup nets $13m from UK’s Thawer Fund Management

Harare-based payments startup Payitup has secured a $13-million Series-A investment from London’s Thawer Fund Management, CEO Aretha Gonyora has revealed. The funding was secured…

Nigerian micro-investment portal Trove to use Ventures Platform investment to scale operations

Nigerian micro-investment platform Trove plans to use its recent investment from Ventures Platform to scale its operations and build its team, CEO Tomi Solanke…

German investor Allianz X chooses Uganda’s SafeBoda as its first African investment

Allianz X, the digital investment unit of German financial services company Allianz Group has made in its first investment in an African-based company —…

Dakar Network Angels sets sights on making four investments per year

Dakar Network Angels (DNA), which launched last month, aims to make four investments each year in francophone Africa, with investment tickets of between $20…

Cathay AfricInvest Innovation Fund to invest ticket sizes of up to €15m in African startups

The recently launched Cathay Africinvest Innovation Fund will invest ticket sizes of between €3-million and €15-million or the equivalent in local currency, Cathay Innovation co-founder…

Pearson Ventures’ $50m fund will explore opportunities in SA, other markets

South Africa is one of the markets in which British education company Pearson will explore opportunities through its $50-million Pearson Ventures fund, Pearson Ventures…

Sun Exchange looking to raise $3m in round led by US digital asset investment fund Alphabit

Blockchain-based solar micro-leasing marketplace Sun Exchange is looking to raise $3-million in equity funding in a round led by the startup’s largest investor, US-based cryptocurrency…

Jumia raises $196m in New York Stock Exchange IPO

African ecommerce giant Jumia today raised $196-million in its initial public offering (IPO) at the New York Stock Exchange (NYSE).

More than money, linkages – what a great venture capitalist should look like [Opinion]

The practices of venture capital in South Africa have barely matured during the last decade, but change is afloat. A new generation of empathetic…

Nigerian fintech Kudi raises $5m Series-A round to expand network, products

Fintech startup Kudi is set to expand its network of bank agents in Nigeria and launch new financial products after it raised a $5-million Series A round led by Paris-based venture capital firm Partech.

SA’s Fancam wins industry validation, $100k with Stadia Ventures sports accelerator

Cape Town based tech company Fancam has landed $100 000 in investment from US based venture capital Stadia Ventures. But the company’s co-founder and CEO Tinus…

Nigerian medtech startup MDaaS Global raises over $1m in equity funding

MDaaS Global, a Lagos-based medtech startup that builds and operates diagnostic centres in Nigeria, has raised just over $1-million in equity funding, reveals a…

Egyptian end-to-end distribution platform Brimore raises $800k seed round

End-to-end distribution platform Brimore has announced that it has raised $800 000 in a seed round co-led by Algebra Ventures and Endure Capital. In…

Egyptian gaming community GBarena lands seed funding from Cairo investor

Egyptian esports and gaming community GBarena has raised seed funding from Cairo-based investor HIMangel, the startup has revealed. The startup made the announcement in…

Here are the eight funds that the SA SME Fund will invest in

The R1.4-billion SA SME Fund — which was officially launched yesterday in Johannesburg by President Cyril Ramaphosa but which has already begun disbursing investments…

‘Fintech to help True Impact Fund distribute R1bn at zero management fees’

A new fund aims to use a fintech platform to disburse R1-billion to 2000 small businesses over the next three years which will allow…

African tech startups raised over $1.2bn in funding in 2018 – Partech report

A report by French venture capital (VC) firm Partech Africa has found that 146 African tech startups raised $1.163-billion in equity funding last year…

New R150m Opus Ventures fund plans to invest R3m in Khomba taxi app [Updated]

UPDATE (27 March 2019): Khomba co-founder Sizwe Cele responded to Ventureburn subsequent to the publication of this article to say that his startup has…

MENA focused $33m fund 500 Falcons to invest in over 150 startups

Between 150 to 200 startups from the Middle East and North African (MENA) region are set to benefit from millions of dollars in funding,…

The Chinese are dropping their iPhones for Huaweis

Businesses driving positive change in the community [Sponsored]

25% of Google Duplex calls are made by human beings

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

Have you been filing all wrong? [Sponsored]

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

Poll: would you still buy a Huawei smartphone after this week’s news?

Future DJI drones will feature helicopter and airplane detectors

Fujifilm’s 102MP GFX100 mirrorless camera set to launch this June

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

Investment from Sozala Media was less than R1m, reveals Peepz’s Nick Holdcroft

Chipper Cash CEO on why African startups aren’t launching the next Paypal

‘Only 4% of Section 12J funds went to VC in last tax year’

InstaDeep raises $7m in round led by Tunisia’s AfricInvest

InstaDeep raises $7m in round led by Tunisia’s AfricInvest

Zimbabwe’s Payitup nets $13m from UK’s Thawer Fund Management

Nigerian micro-investment portal Trove to use Ventures Platform investment to scale operations

German investor Allianz X chooses Uganda’s SafeBoda as its first African investment

Dakar Network Angels sets sights on making four investments per year

Cathay AfricInvest Innovation Fund to invest ticket sizes of up to €15m in African startups

Pearson Ventures’ $50m fund will explore opportunities in SA, other markets

Sun Exchange looking to raise $3m in round led by US digital asset investment fund Alphabit

Jumia raises $196m in New York Stock Exchange IPO

More than money, linkages – what a great venture capitalist should look like [Opinion]

Nigerian fintech Kudi raises $5m Series-A round to expand network, products

SA’s Fancam wins industry validation, $100k with Stadia Ventures sports accelerator

Nigerian medtech startup MDaaS Global raises over $1m in equity funding

Egyptian end-to-end distribution platform Brimore raises $800k seed round

Egyptian gaming community GBarena lands seed funding from Cairo investor

Here are the eight funds that the SA SME Fund will invest in

‘Fintech to help True Impact Fund distribute R1bn at zero management fees’

African tech startups raised over $1.2bn in funding in 2018 – Partech report

New R150m Opus Ventures fund plans to invest R3m in Khomba taxi app [Updated]

MENA focused $33m fund 500 Falcons to invest in over 150 startups

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