Venture capital

Egyptian on-demand medicine delivery platform Chefaa nets pre-Series A investment

Egyptian on-demand medicine delivery platform Chefaa has raised a pre-Series A investment round from US venture capital fund and accelerator 500 Startups, Saudi Arabian…

SA entrepreneur looks to angels to fund online PPE marketplace Insupply

Yossi Hasson, the managing director of Techstars, and ParcelNinja founder Justin Drennan are in talks to invest in Insupply, an online marketplace that connects…

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…

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…

‘SA SME Fund set to be among country’s biggest institutional investors by year end’

South Africa’s R1.4-billion SA SME Fund has thus far approved R1-billion for investment in a number of funds that will lend to small businesses…

Kenya’s BitPesa announces it’s rebranded, secured $15m in debt finance

Nairobi-based fintech BitPesa announced today that it had rebranded to become AZA Group and had secured $15-million in debt financing from South Africa’s the…

Abu Dhabi’s Mubadala to invest $250m in MENA startups

Mubadala, the Abu Dhabi government’s investment company has announced that it will invest a total of $250-million in startups from the Middle East and…

PEG Africa secures $4m in debt capital to expand operations in Senegal

Accra-based pay-as-you-go solar company PEG Africa has secured $4-million in debt capital from a $15-million multi-currency facility led by UK development finance institution CDC Group. The…

Silvertree Holdings no longer just a tech investor after rebrand, new investment

The internet is not the only place to find good businesses to invest in, even for a tech investor, as Silvertree Holdings hopes to…

US duo launch R100m VC fund to invest in women-led startups in Southern Africa

A US business duo has launched Enygma Ventures, a R100-million venture capital (VC) fund which will invest up R10-million in women led startups from…

Egypt’s Sawari Ventures leads $4.5m Series-A round in Almentor.net

Dubai-based elearning platform Almentor.net, which has among its founders an Egyptian, has raised $4.5-million in a Series-A round led by Egyptian venture capital firm…

Egyptian ride-hailing startup Hive that serves children nets $400k from investor

A Cairo-based ride-hailing startup Hive, which focuses on transporting children, has secured a $400 000 investment from an investor who was one of the…

Tunisian esports platform Seemba wins Seedstars Tunis

Tunisian esports platform Seemba has been named the winner of this year’s Seedstars Tunis pitching event. Seemba helps developers monetise their games through an…

Egyptian logistics startup Sprint to use six-figure seed round to expand hubs network

Cairo-based logistics service provider Sprint says it will use its first ever round of funding to expand its hubs networks as well as grow…

Cape Town startup SweepSouth raises over R50m in new funding round

UPDATE (20 December 2019: SweepSouth co-founder Aisha Pandor confirmed with Ventureburn today that the round was in fact valued at over R60-million and included…

Kenyan logistics marketplace Bwala Africa looking to raise up to $8m in Series-A round

Nairobi-based last mile logistics startup Bwala Africa has secured a deal with an undisclosed European tech firm to develop a new tech platform for…

Savca appoints two new board members amid industry growth

The Southern African Venture Capital and Private Equity Association (Savca) has appointed two new directors and reappointed one existing director to its board. Savca…

Savca selects 13 participants for fund manager development programme

The Southern African Private Equity and Venture Capital Association (Savca) has selected 13 women and black fund managers for its Fund Manager Development Programme (FMDP)….

Newly launched Med Angels aims to tackle region’s gap in seed funding

A newly launched angel investor network aims to tackle the gap in seed funding in the Mediterranean region, which encompasses North Africa. So, says…

SA startup Sentian raises funding to help expand market for its IoT security device

Cape Town based startup Sentian — which develops smart security technology products — has announced that it has secured a round of funding from…

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