Venture capital

What investors look for before funding tech start-ups

As media and ecosystem lead at AfricArena, Nathaniel Witbooi has peaked beyond the veil of investment, boasting high-level interaction with investors, start-ups and the…

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…

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…

Nigeria’s Kwik secures $2M in Series A funding round

French-Nigerian B2B startup Kwik, a provider of SaaS logistics services to social vendors and e-commerce platforms in Africa, has successfully closed its $2 million…

4DX leads $3M Eksab seed round

Egyptian fantasy football start-up Eksab raised $3 million is a seed round led by 4DX Ventures. The round also drew participation from Darwazah Capital,…

Nigerian agritech, ThriveAgric, raises $56.4M

Nigerian based ThriveAgric, a fast-growing technology-driven agricultural company, has raised $56.4M in debt funding from local commercial banks and institutional investors. The raise also…

Egypt fintech, Lucky, raises $25M in Series A

Lucky, the leading app in Egypt for credit products, offers and cashback rewards, has raised $25 million in a Series A funding round. The…

Susa Ventures leads $5M seed round to scale Powered By People

Susa Ventures led a $5 million seed round alongside Flexport Fund, Golden Ventures and JVentures that will enable global makers wholesale marketplace Powered by…

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Digital identity startup iiDENTIFii raises record $15m

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