Venture capital

Kenya’s Mesozi Group nets $350k for its MarketForce 360 retail platform

Kenyan tech company the Mesozi Group has landed a $350 000 investment to fund the expansion of its retail tech platform MarketForce 360. The investment came…

Edtech startup Syafunda lands R2.5m investment from Edge Growth

SA edtech startup Syafunda has received a R2.5-million investment from Edge Growth which will allow the startup to scale its platform to meet the…

Silicon Valley’s Plug and Play to open centres in South Africa, Morocco

Silicon Valley accelerator and venture capital (VC) company Plug and Play plans to open its first African office in Johannesburg this year. The accelerator…

Kenyan agritech startup Apollo Agriculture raises $6m round

Kenyan agritech startup Apollo Agriculture has raised a $6-million Series-A investment round, led by Anthemis Exponential Ventures. A number of other investors also took…

Uprise.Africa did not breach our code finds African Crowdfunding Association

The African Crowdfunding Association (ACfA), an industry association for crowdfunding on the continent, says it is satisfied that SA equity crowdfunding platform Uprise.Africa remains…

Uprise.Africa remains compliant with the ACfA’s code [Right of Reply]

SA equity crowdfunding platform Uprise.Africa has issued the following statement to Ventureburn in response to an exposé by the publication published on 8 May on…

Uprise.Africa to refund all investors in R4.2m Sun Exchange crowdfunding campaign

SA equity crowdfunding platform Uprise.Africa has taken a decision to refund all 288 shareholders that took part in SA startup Sun Exchange‘s crowdfunding campaign…

Algerian ride-hailing startup TemTem raises $4m Series-A round

Algiers-based ride hailing startup TemTem has raised a $4-million Series A round from Luxembourg-based Tell Venture Automotive and other unnamed investors. TemTem was founded…

Egyptian B2B e-commerce platform MaxAB nets over $6m

Cairo-based B2B e-commerce marketplace MaxAB announced today that it has closed a $6.2-million seed round. MaxAB said in an earlier statement that the round…

SA edtech Snapplify snaps up over R29m in expansion capital from funders

Cape Town edtech company Snapplify announced today that it had raised $2-million (over R29-million) in expansion capital. The money was raised from two SA…

Egypt’s Career 180 raises $100k in seed funding from EdVentures

Cairo-based career advising platform Career 180 has raised a $100 000 seed funding round from EdVentures, the venture capital (VC) arm of Egypt’s Nahdet Misr Publishing…

Tunisian fashion marketplace Dabchy raises $300k seed round

Tunisian peer-to-peer fashion marketplace Dabchy has raised a $300 000 seed round led by 500 Startups. Dabchy announced in a statement earlier today that Flat6Labs,…

SA had bumper VC year in 2018 with investments up 31% over 2017, reveals report

Venture capital (VC) had a bumper year in South Africa in 2018, with southern African VC funds having made investments of over R1.5-billion last year…

SA online shopping service Yebo Fresh secures funding from E4EAfrica founders

Cape Town based online shopping service Yebo Fresh has announced that it has secured investment from two SA based angel investors — Bas Hochstenbach…

Is spike in energy deals evidence that Section 12J funds are driving VC boom in SA?

Is a massive spike in energy deals last year evidence that a 2008 venture capital (VC) tax incentive is behind South Africa’s 31% increase…

Raising funding in Africa? Here are 12 venture capitalists you should know about

If you’re reading this, chances are you’re a tech startup founder who is looking to raise venture capital (VC) funding. The good news is…

Uprise.Africa mulling offers from four investors for R40m Reeva documentary campaign

Two filmmakers are sitting tight while equity crowdfunding platform Uprise.Africa conducts due diligence on investment offers from four investors to fund My Name is…

My-iMali looking to raise R25m to save employers thousands of rands in bank charges

A SA fintech startup wants to save employers thousands of rands in bank charges by getting them to pay their employees through a new…

SA SME Fund, TIA commit R237.5m in new money to biotech, university, tech fund

The SA SME Fund and the Department of Science and Technology’s Technology Innovation Agency (TIA) have revealed that they will invest R236-million together in two…

Digemy raises R1m at R40m valuation, as edtech startup’s co-founder departs after illness

Cape Town edtech startup Digemy may be celebrating after having raised R1-million at a R40-million valuation in a second funding round with Greenwold Capital. It follows…

Kingson Capital grows SA VC fund to over R1.4bn with additional capital

Durban based venture capital (VC) company Kingson Capital yesterday announced that it had raised an additional amount in capital from US investors, to bring its $30-million…

Nigerian digital bank Kuda raises $1.6m in pre-seed round

Kuda, a digital bank that operates in Nigeria, has closed a $1.6-million in a pre-seed round. The startup, which was founded last year by…

Cairo-based medical tourism startup Doctoorum raises investment from Numu Capital

Cairo-based medical tourism marketplace Doctoorum has secured an investment from Dubai seed fund Numu Capital. The startup was founded last year by Yemeni entrepreneur…

Productivity On A Large Screen

Everlytic Launches Cutting-Edge AI Studio with WhatsApp Chatbots for Smarter Communication

Everlytic’s new API Communicator feature enhances customer engagement across multiple channels

Savant Launches Savant Build Cohort 3 to Accelerate Deep-Tech Innovation in the Green Economy

Simplicity at scale: The role of leadership in agile transformation

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

GM switches-off Cruise control on $10bn robotaxi project

CHARGE taking EVs off-grid in the North West

eActros 300 and Zimi Charge creates EV win for Bakers