Venture capital

Algebra Ventures launches $90-million fund to invest in startups

Cairo-based venture capital firm Algebra Ventures has announced the launch of its second fund worth $90-million. The fund is dedicated to investing in startups…

SA asset manager secures funding towards Renewable Energy and Infrastructure Fund

South African and majority black-owned and black-managed investment fund Moshesh Partners has secured an undisclosed amount of funding towards its Renewable Energy and Clean Infrastructure…

Sanwari Ventures secures $63-million fund to invest in Egypt tech businesses

Cairo-based venture capital and private equity company Sawari Ventures has closed an Egypt-based fund of Egyptian pound 440-million with investment from Misr Insurance Group,…

Nigerian tech startup Pricepally secures six-figure funding

Based in Lagos, Pricepally, an innovative eCommerce platform, and digital food cooperative, has secured an undisclosed six-figure amount of funding in a pre-seed investment…

Uganda fintech secures $3.6-million in funding

Headquartered in Kampala, fintech startup Tugende has secured $3.6-milllion in an equity financing round led by Partech, with participation from Enza Capital and regionally…

Nigerian insurtech startup secures $450k in pre-seed funding

Lagos-based insurtech startup Curacel has raised $450 000 in a pre-seed funding round led by Atlantica Ventures and Consonance with participation from Kepple Ventures and other African angel investors. Curacel secures…

SA biomedical engineering startup receives funding

Cape Town-based multi-medical device development startup Impulse Biomedical has secured an undisclosed amount in a venture capital investment from Futuregrowth. Impulse Biomedical has secured an undisclosed…

Local AI and data annotation startup receives funding from E4E

Enlabeler has received an investment deal from the New VC fund Entrepreneurs for Entrepreneurs (E4E) Africa (see this story). E4E selected the innovative AI…

Microsoft SA invests R40-million in SA agriculture sector

Microsoft South Africa has announced an investment of up to R40-million in South Africa’s agriculture sector, which is one of the country’s critical industries driving…

Nigerian transport startup secures $300 000 investment

Plentywaka has secured $300 000 in investment funding and plans to launch in Nigeria’s capital. Plentywaka, the transport startup, has raised a $300,000 pre-seed…

Shift Fund reopens applications for funding

Enygma Ventures’ subfund Shift, has opened for the second round of funding for entrepreneurs and innovators in Africa who either have existing businesses or…

New early-stage Venture Capital Fund to back cohort companies launches

South African based business accelerator, Grindstone has launched a new Venture Capital Fund, Grindstone Ventures, dedicated to providing early-stage equity funding to its cohorts…

SweepSouth receives investment from Futuregrowth

SweepSouth, a South African company has received an undisclosed amount in a venture capital investment from Futuregrowth. Amrish Narrandes, Head of Unlisted Equity Transactions…

Giraffe secures funding from Unicef innovation fund

Giraffe has received grant funding from Unicef”s innovation fund and will utilise the funding to empower South Africa’s youth to become employable. Founded in…

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…

Acer’s New Nitro AI Gaming Gear Is Here—But Is It Worth It for South Africans?

R19,000 for Bass? Sony Tests South Africa’s Audio Appetite

Tech Stocks Tank – Can SA Survive a Global Meltdown?

SA Business Confidence: Fintech Lula Sounds Alarm on SME Reality

Why MVNOs are gaining ground — and how Huge NXTGN is accelerating the shift

Acer Unleashes Beastly New Predator BiFrost and Nitro GPUs with AMD Radeon RX 9000 Series

Philips Evnia Drops Jaw-Dropping QD OLED Monitors: 240Hz, Ambiglow, and All the Good Stuff

Microsoft launches new Surface devices in new AI era

Gravity is a true driver’s EV SUV

L2 charging and the power of dwell time

Tires and tariffs