Venture capital

Kenyan fintech secures funding

Kenyan fintech startup Popote has secured an undisclosed amount of funding from GreenHouse Capital, a Lagos-based fintech investment company. Popote receives undisclosed investment amount In a…

SA tech company secures R2.5-billion

Teraco Data Environments Proprietary Limited, heralded as Africa’s largest interconnection hub and vendor-neutral data centre provider, has announced that it has finalised a new…

Kenyan insurtech startup secures $6-million

Pula a Nairobi-based insurtech startup has secured $6-million in a Series A funding round led by TLcom Capital, with the participation of Women’s World Banking. Pula secures…

SA tech startup Aerobotics raises $17-million

SA aerial-data analytics startup Aerobotics has received a whopping $17-million in an oversubscribed Series B round led by tech giant, Naspers with participation from Platform Investment Partners, FMO: Entrepreneurial…

Nigerian edutech startup secures $7.5-million

uLesson, a Nigeria-based edutech startup has secured %7.5-million in a Series A funding round led by Owl Ventures and existing investors TLcom Capital and Founder Collective inclusive of a new…

Nigerian tech startup secures $38-million

Based in Lagos, Nigeria, Daystar Power, a startup providing solar power solutions to businesses in the region, has secured $38-million in a Series B…

Ghana fintech startup secures $700k investment

OZÉ a Ghana-based fintech startup has secured $700k in capital from a seed round with investment from Anorak Ventures and Matuca Sarl and angel investors including Nigeria’s Rising…

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…

Absa invests in SA startup stock exchange A2X Markets

SA startup stock exchange A2X Markets has netted an undisclosed amount in investment from Absa bank. In an announcement yesterday, the startup said Absa…

African Crowdfunding Association probing controversial Uprise.Africa

UPDATE (21 May 2020): Uprise.Africa said in a statement issued on 19 May 2020 that the ACfA had completed a review of Uprise Africa’s…

Egyptian end-to-end distribution platform Brimore raises $3.5m

Egyptian end-to-end distribution platform Brimore has raised $3.5m in a Pre-Series A round led by Algebra Ventures, with participation from Disruptech, Vision Ventures, and returning…

Egypt’s Source Beauty raises pre-seed funding from 500 Falcons

Cairo-based online beauty platform Source Beauty has raised a pre-seed investment from 500 Startups’s Middle East and North Africa (MENA) region fund, 500 Falcons….

SA grocery delivery startup Zulzi raises R30m from JSE-listed company

Johannesburg based online grocery delivery startup Zulzi has raised R30-million from a JSE-listed company. The startup, which was founded by Vutlharhi Valoyi (pictured above,…

Questions for Uprise.Africa over alleged fake R25m Intergreatme crowdfunding pledge

It was touted as the biggest ever equity crowdfunding raise by an African startup — an African record. But questions are now being asked…

Tanzania’s East Africa Fruits nets over $2m in equity round led by Goodwell Investments

Tanzanian social enterprise East Africa Fruits has closed a $2.05-million Series-A round. It raised a further $950 000 in debt funding. The round was…

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