Venture capital

Egypt fintech secures $1-million investment

Egypt-based fintech startup, Cassbana has secured $1-million in a pre-seed funding round led by Disruptech Ventures, an Egyptian fintech-focused venture capitalist fund along with…

Egypt edtech startup receives six-figure funding

Egypt edtech startup, Akhdar has secured a six-figure US dollar investment from EdVentures, an Egypt-based venture capitalist firm that focuses on investing in the…

West African solar startup secures $8.5-million

Senegal-based startup, Oolu has secured $8.5-milliom in a Series B round of investment led by RP Global, an independent renewable energy developer, and several…

Zambia micro-lending startup receives $650 000 investment

Zambia-based online microlending tech startup, PremierCredit has received a $650 000 investment from US Venture Capital fund, Enygma Ventures. Zambia-based startup receives $650 000…

Nigerian tech startup closes a six-figure seed round

Indicina, a Nigerian-based data-driven lending platform that aims to digitise the credit value chain has closed a six-figure seed round led by Green House Capital….

Kenyan healthtech startup secures $3.75-million

Ilara Health, a Kenya-based health tech startup has raised $3.75-million in a Series A funding round led by TLcom Capital with contribution from DOB Equity, Global Ventures, and Chandaria…

Egyptian payment app receives a six-figure investment

Egyptian mobile payments, and loyalty startup, Zeal Rewards, has announced the conclusion of an undisclosed six-figure round of Seed funding. The funding raised will assist…

‘Egyptian mobility startup Swvl has raised $20m in new round’

Egyptian tech startup Swvl has raised over $20-million in a new round completed just before the Covid-19 pandemic took hold in the region, tech…

Nigeria’s Helium Health raises $10m in Series-A round

Nigerian healthtech Helium Health has raised $10-million in a Series-A funding round co-led by UAE-based investor Global Ventures and Singapore and Nairobi headquartered Africa…

Don’t play to win, play to survive, argues venture capitalist [Q&A]

In these tough times, entrepreneurs must execute a mind shift from “playing to win” to “playing not to lose”, as the key to the…

TIA enters into co-investing agreements with Dazzle, Jozi Angels

The Department of Science and Technology’s Technology Innovation Agency (TIA) has agreed to work with and offer matching funds with two local angel investors,…

GreenTec invests in Ghanaian online platform Sumundi

GreenTec Capital has invested in Ghanaian startup Sumundi, which has developed an online management platform designed to help retailers manage, grow, and sustain their…

Egypt’s Pravica raises $500k in round led by 500 Startups

Cairo-based startup Pravica has landed a $500,000 investment in a pre-seed round. The round was led by 500 Startups, with the participation from Modus…

Catalyst Fund welcomes four African investors into its exclusive fintech fold

Catalyst Fund, the global inclusive fintech accelerator managed by BFA Global, today welcomed six leading fintech investment firms into its fold which already makes…

10 things venture capitalists should invest in during Covid-19 [Opinion]

One of the positive impacts of Covid-19 on the global economy, is that it is accelerating the pace of digital transformation within public and…

New report estimates VC investments in African tech firms could fall by 40% in 2020

A new report estimates that venture capital (VC) investment in tech startups serving the African market could fall by up to 40% this year….

Egyptian food delivery startup Mumm lands investment from Alexandria Angels

Egyptian startup Mumm has raised an undisclosed amount of investment from Alexandria Angels, tech publication Menabytes has reported. Menabytes said in an article last…

Nigeria’s Stears raises $600k from Omidyar Group’s Luminate, other investors

UPDATE (8 May 2020): We had it initially that Luminate led this round. However, A Luminate representative subsequently contacted Ventureburn to point out that…

Nigerian fintech Okra nets $1m investment from TLcom

Nigerian fintech platform Okra has secured a $1-million pre-seed investment from Nairobi and London based venture capital (VC) firm TLcom Capital. Okra, which launched…

Ensure 24 months runway if you want to raise VC funding now, says venture capitalist

Startups that are not venture capital (VC) funded and are looking to get VC funding, should have a minimum of 24-months worth of cash…

Ugandan fintech Xeno raises $150k from Nordic Impact Funds

Ugandan fintech Xeno has raised $150 000 from Nordic Impact Funds in a pre-seed funding round. The startup, which was founded in 2017 by…

Seedstars reveals $100m Africa fund has made first investment

Emerging markets startup competition Seedstars‘ $100-million Africa fund has made its first investment, Seedstars co-founder Pierre-Alain Masson has revealed. Seedstars announced the launch of the…

Disruptech fund invests in two Egyptian startups

Disruptech, a $25-million fintech fund, has invested in two Egyptian tech startups. Tech publication Menabytes reported in an article yesterday that the fund has…

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