Venture capital

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,…

New Section 12J impact study shows scheme has been a success says association

The Section 12J Association of South Africa says a new impact report shows that the Section 12J incentive has not only managed to create…

Nigerian micro-investment portal Trove nets new funding, from angel networks

Nigerian micro-investment platform Trove has secured further funding, this time from three local angel networks. Trove’s app enables users to invest in bonds and stocks in Nigeria…

SA startup SmartWage raises R6m to expand payday solution

Johannesburg based startup SmartWage has raised a R6-million investment to help it to grow its solution that allows companies to give employees instant access…

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…

Kenyan fintech Asilimia to use over $350k investment to expand customer base

Nairobi-based fintech startup Asilimia has raised $350 000 in funding from pan-African investment firm the Unicorn Group. Asilimia, which was founded in 2017 by…

Xecced Ventures to invest in African startups through $100m Industry 4.0 fund

Is your startup building solutions for the Fourth Industrial Revolution and looking for funding? London-based venture capital (VC) firm Xecced Ventures is looking to…

Naspers Foundry calls on VC firms to help co-invest in SA tech startups

Naspers has called on venture capital (VC) firms to approach the tech company to co-invest with its over R1.4-billion startup funding initiative Naspers Foundry….

Smaller Section 12J funds will struggle to raise investor capital with new changes [Opinion]

National Treasury appears certain to retain changes to the Section 12J tax incentive, which allows South Africans to write off 100% of the investment…

Microtraction invests in Nigerian online marketing platform Termii

Lagos-based early-stage investor Microtraction has revealed that it has invested in Nigerian online marketing platform Termii. Microtraction, which announced the deal yesterday in a…

EIB to raise €1bn to invest in digital solutions, financial products for girls, women

The European Investment Bank’s (EIB) new SheInvest initiative aims to raise €1-billion to invest in innovative digital solutions and financial products in Africa for…

RMI’s AlphaCode takes 25.1% stake in healthtech Guidepost

Rand Merchant Investments (RMI), through its fintech investment arm, AlphaCode, announced today that it had taken a 25.1% stake in SA healthtech platform Guidepost….

Nigeria’s Interswitch becomes Africa’s latest unicorn after Visa acquires minority stake

US payments technology corporation Visa has acquired a minority stake in Lagos-based digital payments firm Interswitch Group at a valuation of $1-billion, effectively making…

Egyptian medicine delivery startup Yodawy scoops $1m in Series-A funding

Cairo-based medicine delivery and digital claims startup Yodawy has, in its first external funding deal, raised $1-million in a Series-A round led by Egyptian…

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