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…

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…

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…

BECO Capital closes $100m MENA-focused tech startup fund

Dubai-based early-stage venture capital (VC) firm BECO Capital has announced it has closed a capital raise for a $100-million Middle East and North Africa…

IFC invests $1m in Flat6Labs Tunisia’s Anava Seed Fund to support women entrepreneurs

The World Bank’s International Finance Corporation (IFC) has announced that it is investing $1-million in Flat6Labs Tunisia’s Anava Seed Fund. IFC said in a…

Celebrating Innovation: Redmi Note 14 Post-Launch Event in South Africa

How iGaming is becoming more accessible in South Africa

HP Ditches the 15-Minute Wait: Is This the End of Customer Service Hell?

GITEX Africa: Shaping the Future of Tech and Positioning Africa as a Global Powerhous

Gozem Secures $30M Series B to Fuel Super App Expansion Across Francophone Africa

Koop’s AI Housekeeper: Could This Be the Solution to SA’s Startup Compliance Headache?

Microsoft launches new Surface devices in new AI era

Honor Magic V3 launches, four things to know

Honor Magic V3, a Guinness world record attempt

Lucid CEO becomes strategic advisor

Golf 8.5 update with lots of Life

Tariffs trump US new car affordability needs