Venture capital

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…

Kenya’s Bwala Africa now seeking $5m after deal with Uber investor – founder

Nairobi based logistics marketplace Bwala Africa Group is out to raise $5-million this year for “robust growth and scaling”, the startup’s founder and CEO…

SA startup FlexClub closes $1.2m round led by CRE Venture Capital [Updated]

Joburg-based startup FlexClub, which links investors and drivers to cars for ride-hailing services, has landed $1.2-million in investment in a round led by CRE…

SA student accommodation marketplace DigsConnect raises R12m in funding

Cape Town based student accommodation marketplace DigsConnect has raised R12-million in investment from undisclosed investors, according to a report today by tech news site…

GreenTec Capital launches foundation to promote investment in African ventures

Frankfurt based venture capital (VC) firm GreenTec Capital Partners yesterday announced the launch of the GreenTec Capital Africa Foundation, a non-profit organisation that will…

The South African trade and the impact on foreign investments [Sponsored]

This is how South Africa looks like in the eyes of the foreign investor. To increase overseas funding to South African startups and corporations,…

African startups can tap up to six-digit funding with launch of Ampion Ventures

Newly launched Berlin-based company builder Ampion Ventures is looking to provide African tech startups with “up to six-digit” funding (in dollars) its founder and…

Here’s what you need to know about Omidyar’s $300m fintech fund Flourish

Philanthropic investment firm Omidyar Network has spun out its financial inclusion initiative unit to launch Flourish, an evergreen venture fund that will back impact…

Egypt’s Dsquares bags investment from Algebra Ventures, Ezdehar Management

Cairo based loyalty solutions provider Dsquares has secured investment from two Egyptian investors, Algebra Ventures and Ezdehar Management. Dsquares was founded in 2012 by…

10 tips on how to raise venture capital in South Africa [Opinion]

Entrepreneurs constantly disrupt the balance of competition by unlocking inventive commercial opportunities and creating new markets in doing so. This can sometimes be done…

Nigeria’s OneFi secures $5m debt facility for its Paylater mobile platform

Lagos based finance company OneFi today announced that is has secured a $5-million debt facility from New York and Nairobi-based debt platform Lendable. In…

What startups should know about listing their investment on Uprise.Africa [Q&A]

Equity crowdfunding — where entrepreneurs source investment from any number of investors via an online platform — is slowly taking hold in South Africa….

In’s and out’s of investing on equity crowdfunding site Uprise.Africa [Q&A]

SA equity crowdfunding platform Uprise.Africa last week launched its third campaign, with SA mobility startup Lüla seeking to raise R2.5-million by late May, in return for…

Chinese fund Shaka VC completes sixth deal in as many months since launching

Venture capital fund Shaka VC last month concluded its sixth deal less than six months since launching, when it invested an undisclosed amount in…

SA insurtech Investsure in R9.6m round from 4Di, Lireas Holdings, Compass Insure

SA insurtech InvestSure announced today that the company has completed their first funding round – securing R9.6-million from Hannover Re Africa subsidiaries Lireas Holdings…

Nigerian fintech TeamApt raises $5.5m in round led by Quantum Capital Partners

Nigerian fintech startup TeamApt has raised $5.5-million in investment in a Series-A round led by Nigerian venture capital (VC) company Quantum Capital Partners. This,…

Chrome 74 update is now available for Windows 10, dark mode included

Instagram releases new quiz feature for Stories

Snapchat is on the rise again, thanks to new Android app

World Bank to invest $50m toward building up Egyptian early-stage investment network

Ghanaian consumer retail solutions startup KudiGO raises in $450k seed round led by Founders Factory Africa

African tech startup community pays tribute to Matthew Buckland

Google Pixel 3a showcased in tweeted image leak

Update: Samsung Galaxy Fold to launch in South Africa ‘mid-May’

Samsung wants its Galaxy Fold review units back from celebs, reviewers

The connected car, satellites and the hybrid connectivity of the future [Sponsored]

Gallery: This is the new 2020 edition Subaru Legacy

Ram 1500’s new tailgate splits in multiple directions