Venture capital

Crossfin invests in SA fintech truID

African fintech investor Crossfin has invested an undisclosed amount in SA fintech truID through its ventures investment arm, Crossfin Ventures. TruID’s API provides financial…

Sun Exchange secures $3m investment, closes $4m round

SA blockchain-based solar panel micro-leasing marketplace Sun Exchange has raised a $3-million (R50-million) investment from ARPF, a Mauritian private equity fund which is advised by…

Egyptian mental health platform Shezlong nets investment

Egyptian startup Shezlong has raised a new round of investment, from Asia Africa Investment Consulting (AAIC), angel investor Mohamed El Khamissy and Cairo-based angel…

22-year-old founders behind SA startup Merge App net $100k

Johannesburg based startup Merge has raised $100 000 in investment from Nigerian investor Platform Capital. Merge, which was founded in 2017 by school friends…

22-year-old founders behind SA startup Merge App net $100k

Johannesburg based startup Merge has raised $100 000 in investment from Nigerian investor Platform Capital. Merge, which was founded in 2017 by school friends…

Impact Angel Network makes follow-on investment in Ethiopian food delivery startup

Members of US impact investment firm Renew Strategies‘s Impact Angel Network (IAN) have made a third investment in Roadrunner Technology Solutions, a partner of…

Aptive Capital calls on startups to apply to pitch online for $10k investment

US investor Aptive Capital is looking to invest $10 000 each in five startups that come out tops in a virtual pitching contest. The…

SA cashless payments platform Sticitt lands R3m from new VC

Cape Town based cashless payments platform Sticitt has landed a R3-million investment from a new SA venture capital (VC) company, Crucis VC. Sticitt was…

Uprise.Africa did not breach our code finds African Crowdfunding Association

The African Crowdfunding Association (ACfA), an industry association for crowdfunding on the continent, says it is satisfied that SA equity crowdfunding platform Uprise.Africa remains…

Uprise.Africa remains compliant with the ACfA’s code [Right of Reply]

SA equity crowdfunding platform Uprise.Africa has issued the following statement to Ventureburn in response to an exposé by the publication published on 8 May on…

Uprise.Africa to refund all investors in R4.2m Sun Exchange crowdfunding campaign

SA equity crowdfunding platform Uprise.Africa has taken a decision to refund all 288 shareholders that took part in SA startup Sun Exchange‘s crowdfunding campaign…

Naspers Foundry to invest R100m in SA’s Aerobotics

Tech giant Naspers has announced today that it will invest R100-million in SA aerial-data analytics startup Aerobotics, through its early-stage business funding initiative Naspers…

SA fintech Peach Payments nets new investment to help it expand into Africa

SA fintech Peach Payments has raised new investment to drive its expansion into Africa, in a round led by Umkhathi Wethu Ventures (UW Ventures),…

New township and rural fund to start lending by 1 June

The R1-billion township and rural economy fund announced by the Black Business Council (BBC) and Ubank last week, is expected to start lending its…

The New Normal: Africa’s VC sector needs a new paradigm [Opinion]

The New Normal is a new regular column Ventureburn will run, featuring business leaders and how Covid-19 is reshaping the tech world. Last month…

SA insurtech CompariSure lands investment

Cape Town based insurtech startup CompariSure announced today that it has secured venture capital (VC) funding from SA Umkhathi Wethu Ventures in partnership with…

Black Business Council and Ubank set up R1bn township and rural economy fund

The Black Business Council and Ubank have together set up a R1-billion township and rural economy fund. In a statement yesterday, Ubank said it…

Alitheia IDF fund gets $10m from Open Society Foundation to lend to women

Alitheia IDF, a joint venture fund between Alitheia Capital, a private equity investment in Nigeria, and IDF Capital in South Africa, has landed $10…

SA’s AgVentures raised R100m from SA agrifood business

SA agrifood tech investment company AgVentures has raised an anchor commitment of R100-million from Acorn Agri & Food, a SA agrifood business. AgVentures said in…

Egyptian fintech Shahry raises $650k investment

Egyptian fintech Shahry has raised $650 000 in a pre-seed investment from Egyptian bank Egbank. The digital lending startup was founded in January last…

Novastar Ventures closes capital raise for $108m fund two

Novastar Ventures has closed the capital raise of a $108-million Novastar Ventures Africa Fund II. The fund will target businesses in East and West…

Right now, SA needs more Zulzi moments [Opinion]

Times are grim right now. Tens of thousands of SA businesses are expected to shut. The country’s already massive army of unemployed will likely…

Absa invests in SA startup stock exchange A2X Markets

SA startup stock exchange A2X Markets has netted an undisclosed amount in investment from Absa bank. In an announcement yesterday, the startup said Absa…

African Crowdfunding Association probing controversial Uprise.Africa

UPDATE (21 May 2020): Uprise.Africa said in a statement issued on 19 May 2020 that the ACfA had completed a review of Uprise Africa’s…

Track SA’s ‘massive cold front’ with this tool

Huawei HMS App Innovation Contest, Apps UP, goes global [Sponsored]

Showmax Pro brings sports live-streaming – but not to SA (yet)

SA Fintech startup secures $300 000 in seed funding

Enter the 2020 MTN Business App of the Year Awards

African startups have raised about $500-millon but see a big Q2 slump

Samsung Galaxy Note 20 to be unveiled in August?

How to disinfect your phone safely

LG Velvet 5G smartphone launches in SA: price and availability

Reborn ‘Defender’ : Ineos Grenadier confirmed for SA

New VW Tiguan confirmed for South Africa

RS Trophy is the most expensive Renault yet

Venture capital

Crossfin invests in SA fintech truID

Sun Exchange secures $3m investment, closes $4m round

Egyptian mental health platform Shezlong nets investment

22-year-old founders behind SA startup Merge App net $100k

22-year-old founders behind SA startup Merge App net $100k

Impact Angel Network makes follow-on investment in Ethiopian food delivery startup

Aptive Capital calls on startups to apply to pitch online for $10k investment

SA cashless payments platform Sticitt lands R3m from new VC

Uprise.Africa did not breach our code finds African Crowdfunding Association

Uprise.Africa remains compliant with the ACfA’s code [Right of Reply]

Uprise.Africa to refund all investors in R4.2m Sun Exchange crowdfunding campaign

Naspers Foundry to invest R100m in SA’s Aerobotics

SA fintech Peach Payments nets new investment to help it expand into Africa

New township and rural fund to start lending by 1 June

The New Normal: Africa’s VC sector needs a new paradigm [Opinion]

SA insurtech CompariSure lands investment

Black Business Council and Ubank set up R1bn township and rural economy fund

Alitheia IDF fund gets $10m from Open Society Foundation to lend to women

SA’s AgVentures raised R100m from SA agrifood business

Egyptian fintech Shahry raises $650k investment

Novastar Ventures closes capital raise for $108m fund two

Right now, SA needs more Zulzi moments [Opinion]

Absa invests in SA startup stock exchange A2X Markets

African Crowdfunding Association probing controversial Uprise.Africa

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