Venture capital

Local data automation startup receives $1-million in funding

Johannesburg-based data automation tech startup Synatic has secured $1-million in a seed funding round led by UW Ventures with participation from Allan Gray and…

Nigerian tech startup Kwik Delivery receives $1.7-million

Lagos-based Kwik Delivery platform operated by Africa Delivery Technologies has secured $1.7-million in a Pre-Series A funding round from undisclosed institutional and high net worth…

Ghana healthtech secures $1.5-million in funding

Accra-based healthtech startup Redbird has secured $1.5-million in a Seed Round of investment with participation from Johnson & Johnson Foundation and Newtown Partners via…

Nigerian tech startup Kuda secures $25-million

Kuda, a digital bank that operates in Nigeria has secured $25-million in a Series A funding round led by Valar Ventures, a New York-based…

Mali edtech startup secures funding from Zoom

Bamako-based edtech startup Kabakoo Academies has secured an undisclosed amount of funding from cloud-based video conferencing service, Zoom. Kabakoo Academies has secured an undisclosed…

Local car tech startup FlexClub secures $5-million

South African tech startup FlexClub, a car subscription marketplace, has secured $5-million in a seed round of funding led by Kindred Ventures. FlexClub secures…

Egyptian fintech Dayra secures $3-million

Cairo-based fintech startup Dayra has joined Y Combinator’s (YC) Winter 21 group and secured the largest debt and equity Pre-Seed round in the region…

Entrepreneur-driven Venture Capital Fund E4E Africa launches in SA

Entrepreneurs for Entrepreneurs Africa(E4E), a new venture capital fund aimed at building internationally successful businesses owned by South African entrepreneurs has launched. Backed by…

Moroccan edtech startup secures over $400 000 in funding

KoolSkools has raised over $416 000 (MAD 4-million) in funding securing over $312 000 (MAD 3-million) from Marco Numeric Fund II and over $104…

Sea Monster bags $1-million investment

Cape Town-based, animation, gaming, and AR/VR company, Sea Monster has secured a $1-million investment from FirstRand’s Vumela Fund. Founded in 2011, Sea Monster was…

Nigerian B2B eCommerce startup secures $10-million

TradeDepot has raised $10-million in a pre-Series B equity round co-led by Partech, International Finance Corporation, Women Entrepreneurs Finance Initiative (We-Fi), and MSA Capital. The new investment will enable…

SA Fintech startup secures $300 000 in seed funding

The fintech startup, Franc, has raised $300 000 in funding within the first half of 2020 which forms part of a wider round of…

Zambian fintech startup receives $1-million investment

Lupiya, a Zambian based microfinance startup has received an investment of $1-million from Enygma Ventures, a US venture capital (VC) fund. Founded in 2015,…

New Section 12J impact study shows scheme has been a success says association

The Section 12J Association of South Africa says a new impact report shows that the Section 12J incentive has not only managed to create…

Nigerian micro-investment portal Trove nets new funding, from angel networks

Nigerian micro-investment platform Trove has secured further funding, this time from three local angel networks. Trove’s app enables users to invest in bonds and stocks in Nigeria…

SA startup SmartWage raises R6m to expand payday solution

Johannesburg based startup SmartWage has raised a R6-million investment to help it to grow its solution that allows companies to give employees instant access…

Egyptian edtech OTO Courses nets investment

Egyptian edtech OTO Courses, which offers online English language courses to individuals and businesses, has raised a six-figure dollar investment. Tech publication Menabytes reported…

Another report, another number, for VC investments in African startups [Opinion]

Those in Africa’ tech startup scene can be forgiven for being confused when asked how much venture capital (VC) goes to the continent’s startups….

Ingressive Capital grows African tech fund to $10m

Lagos based venture capital (VC) fund Ingressive Capital has announced that it has doubled its investment fund to $10-million, to back high-growth, tech-enabled startups…

Wallets Africa raises fresh capital from Samurai Incubate, Mozilla, Michael Seibel

Nigerian fintech startup, Wallets Africa, has raised an undisclosed round of investment. Founded in 2018, Wallets Africa makes it easy for users to transact across…

Former Springbok Bryan Habana’s Paymenow nets R4m seed funding round

Stellenbosch based fintech startup Paymenow today announced that it had landed a R4-million investment from ViaMedia, which is part of the Digital Ecosystems Group…

Egypt’s MoneyFellows lands $4m Series-A deal

Egyptian fintech platform MoneyFellows has secured $4-million in a Series-A investment from venture capital (VC) firms Partech and Sawari Ventures, as it works towards…

VC4A calls on scale-ups to pitch for up to $10m at 2020 Venture Showcase Series A

African startup funding platform VC4A is calling for African scale-ups looking to raise between $500 000 and $10-million to sign up to its Venture…

Productivity On A Large Screen

Everlytic Launches Cutting-Edge AI Studio with WhatsApp Chatbots for Smarter Communication

Everlytic’s new API Communicator feature enhances customer engagement across multiple channels

Savant Launches Savant Build Cohort 3 to Accelerate Deep-Tech Innovation in the Green Economy

Simplicity at scale: The role of leadership in agile transformation

Microsoft launches new Surface devices in new AI era

Honor Magic V3 launches, four things to know

Honor Magic V3, a Guinness world record attempt

Google Cast and other Christmas goodies for Rivian

GM switches-off Cruise control on $10bn robotaxi project

CHARGE taking EVs off-grid in the North West