Venture capital

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…

East African women’s health tech startup secures $1-million

East African tech startup, Kasha has received $1-million investment from Swedfund, a Swedish Development Finance institution. The investment will be utilised to promote the…

Kenyan micro-insurtech startup secures $2-million

Turaco, a Kenya-based micro-insurtech startup has secured $2-million in series seed equity investment from Novastar Ventures, Mercy Corps Ventures, Musha Ventures, GAN Ventures, Zephyr…

Nigeria’s Xend Finance secures 1.5-million funding

Xend Finance, a Nigerian tech startup has launched the first decentralised finance (DeFi) platform that allows users to save and invest in stable currencies…

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…

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…

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