Venture capital

Data marketplace tech startup secures early-stage funding

CARMA, a data marketplace tech startup that aims to fill the gap in the credit reference and lending space where credit history and other…

Egypt logistics startup ILLA receives $500 000 in funding

Egypt-based logistics startup ILLA, has received a reported $500 000 in funding from Averroes VC, AUC Angels, and a group of local and regional…

Egypt’s Brantu secures seven-figure funding

Egypt-based startup Brantu, an eCommerce fashion online platform has secured an undisclosed seven-figure amount of funding in a Series A round led by Sawari…

Local agritech startup secures $1.5-million in funding

South African agritecth startup, swiftVEE has secured $1.5-million in an investment round led by Subtropico Ltd, an unlisted public company specialising in Agri investments…

Kenyan agritech startup secures $220 000 funding

Farmers Pride, a Kenya-based agritech startup has secured a reported $220 000 in funding from US-based impact investor, Gray Matters Capital. The inclusive agritech aims…

Kenyan-based tech startup secures funding

Kenyan startup, Data Integrated has received an undisclosed amount of funding from venture capital firms, Toyota Tsush, and CFAO. The funding received will be used…

Agritech innovation fund worth $50 000 open for applications

FarmCrew has created an innovation fund that awards 10 African founded agritech startups an opportunity to receive a $50 000 investment fund. This fund…

Investec, Nedbank, Compass Venture Capital invest in SA startup Omnisient

Omnisient, a Cape Town-based startup that specialises in secure data sharing for businesses, has landed a pre-Series A investment from Nedbank Corporate and Investment…

Nigerian VC Microtraction ups ticket size offering to $25k [Updated]

Correction (5 March): An earlier version of this article had it that the investor would offer an additional $50 000 convertible note at a…

SA mobility tech company WhereIsMyTransport raises $7.5m Series-A round

Cape Town and London-based mobility data company WhereIsMyTransport has raised a $7.5-million Series A funding round. WhereIsMyTransport collects and provides access to public transport…

Cote D’Ivoire startup Afrikrea lands €1m investment

Ivorian tech startup Afrikrea has secured €1-million in investment from its existing investor Saviu, a French venture builder and venture capital (VC) fund, as…

Egypt’s Garment IO lands $450k seed investment for clothing factory smart device

Egyptian startup Garment IO has landed $450 000 in seed funding from Egypt Ventures and 500 Startups via its 500 Falcons fund. The startup,…

Fintech JUMO secures $55m from new and existing investors [Updated]

UPDATE (3 March 2020): Subsequent to the publication of this story, JUMO told Ventureburn that of the $55-million, $30-million was in equity and $25-million…

GreenTec Capital Partners invests in Moroccan personnel sourcing platform

German investment firm GreenTec Capital Partners has invested an undisclosed amount in Moroccan tech startup Kwiks, a digital platform that specialises in rapid personnel sourcing….

Kenyan ecommerce startup Sokowatch raises $14m

Nairobi based B2B ecommerce platform Sokowatch has raised $14-million in a Series-A investment round. Sokowatch — which was founded in 2013 by CEO Daniel Yu…

Namibia to get its own business angel investors network

The African Business Angel Network (ABAN), in partnership with Greentec Capital Africa Foundation, has announced that it will next week launch the Namibian Business…

Almost 20 years on, two SA inventors haven’t given up bid to launch portable gym

After almost 20 years of trying to develop a mobile gym and fitness analytics machine, John van Niekerk and Newtown Fortuin are still at…

Four Cape Town startups land over R2.7m in Savant TIA grants for their innovative ideas

Four Cape Town based startups have collectively landed over R2.7-million in seed grants from the Technology Innovation Agency (TIA), administered by Savant, a hardware tech…

Nigerian fintech Vesicash nets further investment from Ingressive Capital

Nigerian fintech Vesicash has raised an undisclosed amount of investment from Lagos-based investor Ingressive Capital. The startup provides a digital escrow service which helps…

Dutch VC fund takes a stake in SA’s Centbee after Paper Plane Ventures exits startup

UPDATE (21 February): An earlier version of this story had it that Dutch venture capital (VC) company Two Hop Ventures had acquired SA VC…

Santam invests in JaSure, a Gauteng based insurtech that has done away with CEO role

Short-term insurer Santam has invested an undisclosed amount in JaSure — a Johannesburg based insurtech which has done away with the role of CEO….

University Technology Fund to grow R150m fund size with new investors, co-investments [Updated]

With the SA SME Fund‘s R150-million University Technology Fund set to make its first investment in the coming months, fund manager Wayne Stocks says…

Nigerian fintech Carbon sets up $100k Pan-African fund

Nigerian fintech Carbon announced today that it has set up a $100 000 Pan-African fund for budding tech entrepreneurs on the continent. Carbon claimed…

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