Venture capital

IFC participates in $13.5M Antler East Africa Fund

Early-stage investor Antler closed its oversubscribed East Africa investment fund at USD 13.5 Mn to continue to support early-stage tech start-ups in the region. The bumper…

Google.org announces $1M grant to funding support women entrepreneurs

Google has announced that its philanthropic arm, Google.org, is committing R15.3 million in charitable funding to support programs helping women entrepreneurs to grow their…

CrowdForce raises $3.6M during Series A

HAVAÍC, Aruwa Capital Management (Aruwa), and Asian African Investment & Consulting (AAIC) have announced a joint US$3.6 million pre-series A investment in CrowdForce. Empowering Nigeria’s underserved and unbanked population, the financial…

Fintech group, Capital Appreciation Limited, acquires Responsive Technology

South African fintech group, Capital Appreciation Limited has acquired the Responsive Technology group for the purchase price of R48,68 million. The acquisition includes 100% of…

South African cryptocurrency exchange raises $50M in oversubscribed Series B

VALR.com, a cryptocurrency exchange headquartered in South Africa, has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round. This values…

Four African startups join tenth Catalyst Fund Inclusive Fintech cohort

Global tech accelerator Catalyst Fund, managed by BFA Global, has announced its tenth cohort of fintech companies that are building solutions designed to improve…

Floatpays secures R15M investment from Naspers Foundry

Floatpays, a Cape Town-based on-demand earned wage access platform, has received a R15 million investment from Naspers via its early-stage tech investment arm, Naspers…

CompariSure raises R15M in Pre-Series A round lead by local VC firms

South African startup, CompariSure, has raised R15 million ($980 000) from Cape Town based HAVAÍC and 4Di in a Pre-Series A funding round lead…

South African fintech raises R47M funding in Series A

TallOrder, the South African fintech developer of cloud-based point of sale (POS) solutions for the small and medium-sized enterprise (SME) market, has raised R47m…

South African HR software startup, Wamly, secures second round investment

Wamly, the video interview software startup founded by Francois de Wet in 2018, has secured a 2nd round investment from South African venture capital…

Partech launches accelerator to help European startups expand to Africa

Paris-based tech investment firm Partech has launched Chapter54, an accelerator programme to support European startups wanting to expand into Africa, via its innovation division,…

Sengalese logistics company, PAPS, raises $4.5M in Series A funding

Many global companies like Amazon, Alibaba and JD have built massive companies by leveraging strong logistics infrastructure. The biggest problem for many companies, especially…

Kenyan fintech secures $1M in seed funding, eyes expansion

Zanifu, the Kenyan fintech that enables access to working capital for Micro, Small & Medium Enterprises (MSMEs) by providing short-term stock financing, has secured…

Carry1st funding round brings a16z investment to Africa

Africa’s leading mobile games publisher Carry1st announced a $20 million Series A extension that drew participation from Andreesen Horowitz (a16z), Avenir and Google. Grammy…

Ivory Coast based e-commerce startup ANKA, formerly Afrikrea, raises US$6.2M in pre-Series A

Ivory Coast based e-commerce platform Afrikrea has rebranded to ANKA while successfully completing a US$6.2M pre-Series A round led by Investisseurs & Partenaires. The…

[Opinion] Five values investors are looking for in 2022

Africa saw a lot of investment activity at the close of 2021, but all the millions in funding seemed to coalesce around five trends…

African entrepreneurs can now apply for $5000 seed capital

African entrepreneurs with business ideas or existing businesses under 5 years, are encouraged to apply now for $5000 seed capital, mentorship, business management training…

Five South African Venture Capital firms to watch in 2022

While crypto assets will continue to dominate the headlines, these VCs have laid a solid foundation for growing businesses that will transform society. Naspers…

SAVCA findings: How Venture Capital can solve unemployment

South Africa’s unemployment figures are among the highest in the world and this inequity means many people live in poverty. Venture Capital may be…

Recap: 2021 SAVCA Venture Capital Conference

The Southern African Venture Capital and Private Equity Association (SAVCA) represents about 170 members who manage more than R185 billion in assets and its…

BriteGaze joins Enza Capital in $1m Craydel pre-seed

Enza Capital led an early-stage investment round for Kenyan edtech start-up Craydel. The pre-seed round also attracted Reshaad Sha’s AI investment fund BriteGaze, along…

JUMO raises $120m from Fidelity and Visa in bumper funding round

Fintech start-up JUMO has raised $120 million with Fidelity, Kingsway Capital and Visa among the biggest participants in its latest round of funding. This…

Cape Town tech startup secures R7-million in funding

Cape Town-based online advertising tech startup Adbot has secured R7-million ($500 000) in capital raise from Enygma Ventures, an investment funding dedicated to supporting…

Spot the robot dog roams Cape Town as part of showcase

Personalisation and Automation – The Next Iteration of a Communication Legend

Pick n Pay groceries coming to Takealot’s Mr D app

Innovative 5G Mokki Tech Spaces to be built across Africa

People-first approach needed in AI era amid unemployment

New Asus Zenbooks coming to SA in July: price and details

Select your best HUAWEI nova today

Vivo opens service store in Cape Town following Y76 5G launch

Scout is VW’s new EV bakkie range

Review: Kia Carnival 2.2 CRDi SX

BMW’s 4 Series Gran Coupé has trick suspension tech