Venture capital

Black-owned management consulting firm receives investment

Letsema, a 100% black-owned management consulting firm at the heart of a diversified investment group, has received undisclosed funding from the Vumela Fund. The…

Alphawave Group secures R100-million investment

A Stellenbosch-based technology investment group, Alphawave Group has received an R100-million investment from Kagiso Capital, an investment holding company. Investment holding company invests R100…

Uganda MSMEs receive $500 000 grant

The African Development Bank has collaborated with the Government of Uganda to sign a $500 000 grant agreement to support micro, small, and medium enterprises…

Morocco VC invests in three African tech startups

Morocco-based business to business (B2B) venture capital fund, Outlierz Ventures has invested in three innovative African tech startups, namely; YouVerify, Bamboo, and Healthlane. Africa-focused seed fund…

Local AI fintech startup secures $1.6-million investment

Johannesburg-based AI fintech startup, FinChatBot has secured $1.6-million from Saviu Ventures, a French investment holding company that focuses on African startups; Mauritius-based Compass Venture Capital and…

New micro financing VC fund for black women in tech launches

South Africa’s first solely black-woman-owned private equity fund for underrepresented tech startups, Khula Lula,Lula, has officially launched. Khula Lula is the country’s first solely…

Moroccan AI tech startup secures $1.1-million

The innovative AI technology developed by Moroccan startup ATLAN Space has attracted a $1.1-million Series A funding round from Maroc Numeric Fund. ATLAN Space…

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…

EWB Canada announces launch of $24m Hummingbird Impact venture fund

Engineers Without Borders Canada (EWB Canada) has announced the launch of a $24-million fund to invest in African startups. In a statement yesterday EWB…

Nigeria based Field Intelligence closes $3.6m Series-A round

Nigerian startup Field Intelligence has announced that it has closed a $3.6-million Series-A funding round to fund the further roll out of its product…

Nigerian identity verification startup Youverify raises $1.5m

Nigerian identity verification startup Youverify has raised a $1.5-million seed investment round. The round was led by Orange Digital Ventures Africa. Tech publication TechNext…

Egyptian fintech Khazna lands seed investment in round led by Algebra Ventures

Egyptian fintech Khazna has raised seed funding in a round led by leading Egyptian venture capital (VC) fund Algebra Ventures. Tech publication MenaBytes reported in…

Imperial and Vinny Lingham’s Newtown Partners launch $20m corporate VC fund [Updated]

UPDATE (11 March 2020): A PR representative for Newtown Partners told Ventureburn subsequent to the publication of this story that select startups across Africa…

‘Breadfast looking to expand outside of Egypt after latest seven-figure raise’

Breadfast, a Cairo-based startup which delivers breakfast products to its users, is preparing to close a Series-B round and has just launched what its…

Ayo launches R200m fund to invest in African tech startups

JSE listed technology investment group, Ayo Technology Solutions has launched a R200-million fund aimed at African startups. Ayo, which is currently at the centre…

How VR Meditation Apps Like Realms of Flow and Others Are Redefining Our Connection with Reality

Transforming Healthcare in Africa with Technology

How forex trading is transforming startup investment strategies

How One Energy Project Could Reshape Climate Action

Microsoft launches new Surface devices in new AI era

Honor Magic V3 launches, four things to know

Honor Magic V3, a Guinness world record attempt

Trump wins – Tesla goes beyond $1 Trillion

Vivo update – a big safety gain

Review: Range Rover Evoque P300e Dynamic HSE