Venture capital

Solarise Africa secures $10-million investment

Kenya-based clean and renewable energy leading company, Solarise Africa has secured $10-million in funding from a Series B investment round from French development finance…

Seven African tech startups receive funding

MEST Africa has announced its funding round of $700 000 for seven selected African tech startups that have graduated from its 2020 training programme. …

Guide on how to access funding from Kalon Venture Partners

Kalon Venture Partners, a registered Section 12J Venture Capital Company has prepared a guide on how startups can become investee’s in their company along…

SA healthtech startup secures seed investment

Syked, a South African healthtech startup has raised an undisclosed seed investment round from HaloCare. The undisclosed funding will allow the startup to scale…

Report reveals record investment in local venture capital landscape

The latest report by The Southern African Venture Capital and Private Equity Association (SAVCA), titled the SAVCA 2020 Venture Capital Industry Survey has revealed that…

SA edtech startup receives $7-million investment

South Africa edtech startup, Valenture Institute has secured a $7-million investment from Coursera investor, GSV Ventures. The investment will be used towards the high-tech enabled boutique…

Report indicates 70% of Nigerian startups face funding challenges

A white paper, titled “Protecting Nigeria’s Entrepreneurial Future” has revealed that 70% of Nigerian startups and scaleups are facing funding challenges due to the impact…

HAVAÍC, institutional funder invest further R6m in Aura

Joburg-based startup Aura has netted a further R6-million from Cape Town based venture capital (VC) company HAVAÍC. The investment, which was made in the last…

KYC startup VerifyMe Nigeria raises Series-A round

Lagos-based ID verification and Know Your Client (KYC) startup VerifyMe Nigeria has raised an undisclosed Series-A round from Consonance Investment Managers. VerifyMe’s platform enables…

African fintech startups to benefit after Catalyst Fund nets $15m from UK Aid, JP Morgan

Fintech startups in Kenya, Nigeria and South Africa that target financial inclusion, are among those set to benefit from grants of up to $100…

Nigerian fintech Flutterwave raises $35m Series-B round

Flutterwave, a US-based fintech startup founded by Nigerians, has raised a $35-million Series-B round led by US venture capital firms Greycroft and eVentures. CRE…

Stellenbosch based Skynamo secures $30m investment from Five Elms Capital

US software investor Five Elms Capital has invested $30-million in Stellenbosch based tech company Skynamo, a field sales app and management platform provider. In…

SA email protection startup Sendmarc nets investment from Kalon Venture Partners

Sendmarc, a Johannesburg-based startup that offers email protection from phishing attacks and email spoofing, has landed an undisclosed amount in investment from SA venture…

Kalon Venture Partners tops up three portfolio investments, makes new deal

SA venture capital (VC) company Kalon Venture Partners last year committed fresh investments in three of its current portfolio companies and last month invested…

Fintech MFS Africa lands $1.2m follow-on investment

Johannesburg-based fintech firm MFS Africa has landed a further $1.2-million as a follow-on investment, from Nairobi-based FSD Africa Investments. FSD Africa Investments, which is…

UK’s CDC Group commits $15m to TLcom’s Tide Africa Fund

UK development finance institution and impact investor CDC Group has committed $15-million to TLcom’s Tide Africa fund to support early-stage high-growth startups across sub-Saharan…

Tech startups likely to weather SA’s economic slowdown say venture capitalists

South Africa’s economic outlook is grim. With the prospect of further power blackouts looming and struggling state-owned entities on the brink of failure, the…

Moroccan real-estate platform Mubawab raises $7m from Middle East property group

Casablanca based real-estate platform Mubawab has raised a $7-million investment from UAE-based Emerging Markets Property Group. Middle East and North Africa (MENA) publication Wamda…

Kenya’s QuickBus raises seed round led by UAE investor

Nairobi based bus booking platform QuickBus has raised an undisclosed seed round in a round led by UAE-based venture capital firm Shorooq Partners. The…

African tech firms closed funding deals worth $1.27b in 2019 – Briter Bridges report [Updated]

African tech companies raised $1.27-billion in funding across 167 disclosed deals in 2019, an investment summary by London-based research firm Briter Bridges has found….

SA proptech Flow set to close new funding round at end of month, says CEO

Proptech startup Flow, which last year raised R20-million in a seed round, is set to close a second seed round at the end of…

Samurai Incubate announces plans to raise over $18m for second Africa fund [Updated]

Japanese headquartered venture capital (VC) firm Samurai Incubate Africa is looking to raise 2 billion yen ($18.2-million) for a second fund to support startups…

Are these the 10 biggest deals by African tech startups in 2019?

Big money. That’s what African 86 tech startups raised this year. While not every startup wanted to disclose how much they raised, those that…

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