Venture capital

Kenyan startup secures $85-million funding

Gro Intelligence, an AI-powered insights company, has secured $85-million in Series B funding co-led by Intel Africa, Africa Internet Ventures, and several other investors…

Cairo-based telemedicine startup secures six-figure funding

Egypt-based telemedicine startup, Docspert Health has secured a six-figure seed funding investment from Flat6Labs and several other angel investors from the US and UK. Docspert…

Egypt life science venture secures $1-million

Labelled as Egypt’s biggest life science venture, Nawah Scientific has secured a second pre-series A round of funding amounting to $1-million in mixed equity…

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…

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…

‘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…

The Great Smartphone Showdown: A Decade of Samsung vs. Apple

Samsung Brings Irregular Heart Rhythm Notification and Sleep Apnea Features to Galaxy Watch in South Africa

How Lyra and Courtne Marland are shaping communication with AI

Is the HONOR X9C the Right Smartphone for Startups and Entrepreneurs?

ALX South Africa Expands Digital Training as PYEI Report Highlights Youth Job Growth