Venture capital

South African fintech startup secures R10-million

Johannesburg-based fintech startup Mortgage Market has secured R10-million in a Series A funding round led by IDF Capital, a leading venture capital firm. Mortgage…

Stars From All Nations secures $250 000 funding

Stars From All Nations (SFAN), an education company that unlocks the potential of the youth, has raised $250k pre-seed funding from King Solomon’s Capital,…

Egypt healthtech startup secures $160k non-equity grant

Egypt-based healthtech startup, Dileny Technologies LLC (DilenyTech) has secured a $160K non-equity grant from the Information Technology Academia Collaboration (ITAC) programme affiliated with the…

Knife Capital’s African Series B Expansion Fund receives $10-million

A South African venture capital company, Knife Capital has secured $10million towards its Series B Expansion Fund from Mineworkers Investment Company. Knife Capital secures…

Egypt proptech startup secures $1.1-million

Cairo-based proptech startup Sakneen has raised $1.1-million in a seed funding round led by Algebra Ventures and with a notable contribution from Sawraw Capital,…

Ghana agritech startup secures $790k in funding

Ghana-based agritech startup AgroCenta has raised $790k in pre-series A working capital and development funding from UK charity Shell Foundation, the UK’s Foreign, Commonwealth,…

Innovative SA medtech startup receives funding

hearX, an early-stage South African-based global medtech disruptor, has secured an investment from Futuregrowth. hearX secures undisclosed investment amount from Futuregrowth Amrish Narrandes, Head…

Silicon Valley’s Plug and Play to open centres in South Africa, Morocco

Silicon Valley accelerator and venture capital (VC) company Plug and Play plans to open its first African office in Johannesburg this year. The accelerator…

Kenyan agritech startup Apollo Agriculture raises $6m round

Kenyan agritech startup Apollo Agriculture has raised a $6-million Series-A investment round, led by Anthemis Exponential Ventures. A number of other investors also took…

Uprise.Africa did not breach our code finds African Crowdfunding Association

The African Crowdfunding Association (ACfA), an industry association for crowdfunding on the continent, says it is satisfied that SA equity crowdfunding platform Uprise.Africa remains…

Uprise.Africa remains compliant with the ACfA’s code [Right of Reply]

SA equity crowdfunding platform Uprise.Africa has issued the following statement to Ventureburn in response to an exposé by the publication published on 8 May on…

Uprise.Africa to refund all investors in R4.2m Sun Exchange crowdfunding campaign

SA equity crowdfunding platform Uprise.Africa has taken a decision to refund all 288 shareholders that took part in SA startup Sun Exchange‘s crowdfunding campaign…

Naspers Foundry to invest R100m in SA’s Aerobotics

Tech giant Naspers has announced today that it will invest R100-million in SA aerial-data analytics startup Aerobotics, through its early-stage business funding initiative Naspers…

SA fintech Peach Payments nets new investment to help it expand into Africa

SA fintech Peach Payments has raised new investment to drive its expansion into Africa, in a round led by Umkhathi Wethu Ventures (UW Ventures),…

New township and rural fund to start lending by 1 June

The R1-billion township and rural economy fund announced by the Black Business Council (BBC) and Ubank last week, is expected to start lending its…

The New Normal: Africa’s VC sector needs a new paradigm [Opinion]

The New Normal is a new regular column Ventureburn will run, featuring business leaders and how Covid-19 is reshaping the tech world. Last month…

SA insurtech CompariSure lands investment

Cape Town based insurtech startup CompariSure announced today that it has secured venture capital (VC) funding from SA Umkhathi Wethu Ventures in partnership with…

Black Business Council and Ubank set up R1bn township and rural economy fund

The Black Business Council and Ubank have together set up a R1-billion township and rural economy fund. In a statement yesterday, Ubank said it…

Alitheia IDF fund gets $10m from Open Society Foundation to lend to women

Alitheia IDF, a joint venture fund between Alitheia Capital, a private equity investment in Nigeria, and IDF Capital in South Africa, has landed $10…

SA’s AgVentures raised R100m from SA agrifood business

SA agrifood tech investment company AgVentures has raised an anchor commitment of R100-million from Acorn Agri & Food, a SA agrifood business. AgVentures said in…

Egyptian fintech Shahry raises $650k investment

Egyptian fintech Shahry has raised $650 000 in a pre-seed investment from Egyptian bank Egbank. The digital lending startup was founded in January last…

Novastar Ventures closes capital raise for $108m fund two

Novastar Ventures has closed the capital raise of a $108-million Novastar Ventures Africa Fund II. The fund will target businesses in East and West…

Right now, SA needs more Zulzi moments [Opinion]

Times are grim right now. Tens of thousands of SA businesses are expected to shut. The country’s already massive army of unemployed will likely…

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