Venture capital

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…

Car subscription startup raises $10-million in debt finance

Planet42, a South African founded startup that focuses on car subscription has secured $10-million in a debt financing round from Lendable Inc, a US-based institutional…

InQuba closes expansion capital funding round

A world-leader in Customer Journey Management, inQuba, has announced the close of an expansion capital round from venture capital firm Knife Capital and leading African corporate and…

Enygma Ventures launches R120-million investment fund

US Venture Capital fund, Enygma Ventures has launched its last investment fund worth R120-million for 2020. The astounding investment fund is targetted at women-led businesses in…

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…

IFC to invest up to $20m in SPE Capital to target firms in Egypt, Morocco, Tunisia

The World Bank’s International Financial Corporation (IFC) plans to invest up to $20-million in a new fund that will in turn invest in small…

Enygma Ventures launches R20m Covid-19 fund to seed post-pandemic solutions

US venture capital (VC) fund Enygma Ventures has launched a R20-million fund to invest in startups with post-pandemic innovative solutions. The fund is open…

Egypt’s Eventtus raises funding to develop events platform

Egyptian tech company Eventtus has raised an undisclosed amount in funding to help it launch a digital events platform to continue operating amid the…

Ingress Healthcare raises R6m for Airbnb-like platform for doctors to utilise spare capacity

Cape Town based healthtech Ingress Healthcare has raised R6-million to help it to scale its platform that aims to distribute spare consulting rooms in…

Andela, Flutterwave co-founder calls on co-investors to join his Future Africa fund

Andela and Flutterwave co-founder Iyinoluwa Aboyeji is looking for co-investors to join his Future Africa fund. Aboyeji (pictured above), who founded the fund last…

Nigerian healthtech 54gene closes $15m Series-A raise

Nigerian healthtech platform 54gene has closed a $15-million Series-A round. The round was led by Adjuvant Capital, a US based life sciences fund. Adjuvant Capital’s…

Global Ventures closes $50m MENA-focused fund

Dubai-based venture capital (VC) company Global Ventures, has closed its first fund, of $50-million, to invest in the Middle East and North Africa (MENA)…

GreenTec Capital invests in Kenyan logistics startup Amitruck

German investment firm GreenTec Capital has invested in Kenyan logistics startup Amitruck. The announcement was made in a statement on Tuesday (7 April). The investor…

Enygma Ventures invests R8.25m in SA online preschool Play Sense

SA startup Play Sense has secured R8.25-million from US venture capital (VC) fund Enygma Ventures to enable it to grow its online in-home pre-school offering….

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