Venture capital

New VC fund launches for SA entrepreneurs to expand into Europe

A new VC fund, The Portugal Gateway Growth Fund will offer South African entrepreneurs and startups the opportunity to access the European market by providing funding…

New African entrepreneur fund worth $1-million launches

A new fund for African entrepreneurs, The JUA Kickstarter Fund has launched and is worth $1-million in funding. African entrepreneurs are encouraged to apply to…

Africa-focused travel tech startup raises multi-million rand investment

Africa-focused travel tech platform, Viatu has raised a reported multi-million rand investment deal from a number of undisclosed investors. Viatu has raised a multi-million…

Zambian women-led startup receives funding

Zambian women-led energy startup, WidEnergy Africa has received an undisclosed investment from ShEquity, an investment vehicle that offers smart and sustainable investments to African…

Local edtech startup secures R45-million

The Student Hub, a South African edtech that provides online courses in a range of in-demand skills to assist in bridging the gap between…

Cape Town online retailer Yebo Fresh secures funding

Local online shopping service Yebo Fresh has announced that it has secured an undisclosed amount of Series A funding from E4E, Mark Forrester, Dale…

African food company receives R9.2-million investment

Eswatini based food company, Black Mamba Foods has secured R9.2-million in funding from US venture capital (VC) fund Enygma Ventures. The funding be used…

We’re still open to working with Custostech says HAVAIC CEO in statement

Ian Lessem, the CEO of SA venture capital (VC) company HAVAIC, which is suing startup Stellenbosch based Custostech for $4.45-million, says his VC is…

Ubisoft founder invests in startup behind Kwik Delivery

Yves Guillemot, the founder of French video games giant Ubisoft has invested in startup Africa Delivery Technologies which operates the Kwik Delivery platform in…

Savca pledges to act over HAVAIC-Custostech matter when case has concluded

The Southern African Venture Capital and Private Equity Association (Savca) said it is following the case between SA venture capital (VC) company HAVAIC and…

HAVAIC acted with integrity with us, say founders from VC’s portfolio companies

While SA venture capitalists have expressed shock over venture capital (VC) company HAVAIC‘s decision to sue startup Custostech for $4.45-million, the founders of four…

SA venture capitalists shocked over Havaic’s bid to sue Custostech for $4.5m

SA venture capitalists have expressed shock and concern over local venture capital (VC) company HAVAIC‘s decision to sue Stellenbosch based startup Custostech for $4.45-million….

Microtraction invests in Nigerian edtech startup Gradely

Lagos-based early-stage investor Microtraction has invested in Nigerian edtech startup Gradely. Microtraction made the announcement in a blog post on Medium last week. The startup…

SA’s Custostech lays off staff after VC sues startup for $4.5m over failed investment bid

Stellenbosch-based startup Custostech says it has been forced to lay off most its staff after SA venture capital (VC) company HAVAÍC sued the startup…

Finnfund invests $1m in East African ecommerce site Kasha

Finnish development financier Finnfund has invested $1-million in Kasha, an e-commerce platform that aims to improves women’s access to health, hygiene and self-care products…

Mobiz, SA’s Mailchamp for SMS marketing nets first $1m in a $2m round [Updated]

UPDATE (19 June 2020): HAVAIC today confirmed in a statement that the VC had invested in Mobiz. While the VC did not say how…

Nigerian music startup MePlaylist nets investment from Beyoncé’s father

Lagos-based music startup MePlaylist has netted an undisclosed amount in investment from global investors, including Mathew Knowles, the father and former manager of artists…

Latest report puts new number to Egypt’s record year of startup deals in 2019

Egypt topped the Middle East and North Africa (MENA) region last year when it came to the number of investments concluded by tech startups,…

Egyptian fitness startup ElCoach raises seed investment

Egyptian fitness startup ElCoach has raised an undisclosed six-figure dollar amount in seed funding. In an article yesterday by tech publication MenaBytes, the startup…

SA venture capitalists prepare for tough times ahead with onset of coronavirus

SA venture capitalists are preparing for tough times ahead, as the onset of the coronavirus threatens to cut short funding rounds and in some…

Former Dimension Data execs invest in digital ID solutions company Contactable

Pretoria based secure identity solutions company Contactable has landed investment from former Dimension Data executives Allan Cawood and Scott Gibson. Cawood’s investment was made…

The Finnish founder behind €3.4m deal who fell in love with Africa’s unique challenges

For Finnish founder Jussi Hinkkanen — whose edtech startup Fuzu announced this week that it had closed a €3.4-million Series-A round — the ability…

Quona Capital achieves final close of $203m for financial inclusion fund

US based investment fund Quona Capital has raised $203-million for its Accion Quona Inclusion Fund, to invest in tech startups that focus on financial…

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