Venture capital

Giraffe secures funding from Unicef innovation fund

Giraffe has received grant funding from Unicef”s innovation fund and will utilise the funding to empower South Africa’s youth to become employable. Founded in…

Entrepreneur-driven Venture Capital Fund E4E Africa launches in SA

Entrepreneurs for Entrepreneurs Africa(E4E), a new venture capital fund aimed at building internationally successful businesses owned by South African entrepreneurs has launched. Backed by…

Moroccan edtech startup secures over $400 000 in funding

KoolSkools has raised over $416 000 (MAD 4-million) in funding securing over $312 000 (MAD 3-million) from Marco Numeric Fund II and over $104…

Sea Monster bags $1-million investment

Cape Town-based, animation, gaming, and AR/VR company, Sea Monster has secured a $1-million investment from FirstRand’s Vumela Fund. Founded in 2011, Sea Monster was…

Nigerian B2B eCommerce startup secures $10-million

TradeDepot has raised $10-million in a pre-Series B equity round co-led by Partech, International Finance Corporation, Women Entrepreneurs Finance Initiative (We-Fi), and MSA Capital. The new investment will enable…

SA Fintech startup secures $300 000 in seed funding

The fintech startup, Franc, has raised $300 000 in funding within the first half of 2020 which forms part of a wider round of…

Zambian fintech startup receives $1-million investment

Lupiya, a Zambian based microfinance startup has received an investment of $1-million from Enygma Ventures, a US venture capital (VC) fund. Founded in 2015,…

Silvertree invests R5m in former OrderIn co-founder’s new dark kitchen business

Cape Town based investor Silvertree Holdings has invested R5-million in return for a majority stake in former OrderIn co-founder Heini Booysen’s new dark kitchens business….

Egyptian cleaning service Jinni raises undisclosed six-figure investment

Jinni, a Cairo-based cleaning service has raised a reported undisclosed six-figure dollar amount from AUC Angels. Jinni provides residential and commercial cleaning services and…

Egyptian telecom optimisation app Raseedi raises $400k [Updated]

Cairo-based telecom optimisation app Raseedi has raised $400 000, in a seed round led by 500 Startups, EFG-EV Fintech and Falak Startups. Raseedi helps dual…

SA on-demand truck hire startup Droppa nets multi-million rand investment

Droppa, a Johannesburg based on-demand platform for trucks and bakkies, has secured a multi-million rand investment from SA investor IDF Capital. Droppa CEO Khathutshelo…

Why the VC sector has taken off in Egypt in 2019

Earlier this week indoor advertising platform Adzily raised $12.2-million in funding from a Saudi investor in what’s likely the second biggest venture capital (VC) deal…

SA insurtech Solvency to launch ‘disruptive product’ in January after netting investment [Updated]

UPDATE (21 January 2020): Solvency this week launched its new insurance product. Founder Mutoda Mahamba said in a statement that while the product is…

Kenyan ecommerce firm Copia raises $26m for expansion across Africa

Nairobi-based consumer goods catalogue and delivery service Copia has raised a $26-million Series-B equity round led by UK-based impact investing initiative LGT Lightstone. Copia made…

Egyptian advertising platform Adzily raises $12.2m

Egyptian indoor advertising platform Adzily has raised a $12.2-million investment from Saudi investment firm Tharawat Holding Company. Adzily uses a network of digital display…

SA proptech HouseMe closes ‘multimillion rand’ round [Updated]

Cape Town based proptech startup HouseMe has closed a third round of multimillion-rand funding — valued at between “R10-million to R20-million”, the startup’s CEO…

Nigerian edtech startup uLesson closes over $3m seed round led by TLcom Capital

Nigerian edtech learning platform uLesson has closed a $3.1-million seed round led by London headquartered TLcom Capital. The startup was launched earlier this year…

Egyptian on demand pet care startup Vetwork raises six-figure seed round

Egyptian on-demand pet-care startup Vetwork has raised a six-figure seed round from Cairo Angels, Misk 500 Startups, Khalid Al Tawil, Saleh Waheed in its…

SA startup Yellow lands $725k to help distribute solar energy device in Uganda, Malawi

SA startup Yellow may just have closed a $725 000 raise from local and international investors, but the two-year-old company which sells pay-as-you-go solar-power…

Viktoria Business Angels Network, Pangea co-invest $200k in Kenya’s ManPro

Viktoria Business Angels Network (Vban) and Pangea Accelerator have together invested $200 000 in Kenyan startup ManPro. ManPro has developed a construction management system…

Got R9200? Why not invest it in SA’s first vertical business jet

An SA company, Pegasus Universal Aviation, is looking to raise R20-million from private investors to build a full-scale model of what it claims will…

Egyptian chatbot platform Botme raises six-figure amount from angel investors

Cairo-based chatbot building platform Botme has raised an undisclosed six-figure amount from unnamed angel investors in the Middle East and North Africa (MENA) region….

Customer care app iBleat looking to raise R5m in equity crowdfunding campaign

Two brothers — Neil Campbell and Grant Campbell — are looking to raise R5-million through an equity crowdfunding campaign for their customer care app…

How VR Meditation Apps Like Realms of Flow and Others Are Redefining Our Connection with Reality

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Honor Magic V3, a Guinness world record attempt

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