Venture capital

LionPride Agility Fund invests in SA healthtech BusyMed

SA healthtech startup BusyMed has raised an undisclosed amount of investment from the R500-million LionPride Agility Fund. Neither the investor nor the startup disclosed the…

How one VC has got around the challenge of doing due diligence during Covid-19 [Q&A]

Venture capital is, like any venture capitalist can tell you, an art more than a science. When you’re putting so much money into a…

SA founded water drone startup Ranmarine Technology lands Series-A investment

Netherland-based startup RanMarine Technology, founded by South African Richard Hardiman, has netted a Series-A investment from European investor Boundary Holding. The startup has designed…

SA startup Carry1st raises $2.5m seed round

Cape Town based startup Carry1st, which is looking to use games to build what could be Africa’s first super app, has raised seed round…

SA tech company Wyzetalk in ‘multi-million’ euro investment from Dutch investors

SA founded tech company Wyzetalk it has landed a “multi-million” euro investment from Dutch investment company CNBB Venture Partners. Wyzetalk — which helps connect large…

SA insurtech Inclusivity Solutions nets $1.3m in second tranche of Series-A round [Updated]

Cape Town based insurtech startup Inclusivity Solutions has secured a $1.3-million investment in the second tranche of its Series-A round, the startup announced in…

Ghanaian startup mPharma raises $17m investment

Ghanaian healthtech startup mPharma has reportedly raised a $17-million investment. The Accra based medicine benefits and inventory manager, which was founded in 2013 by…

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…

VC4A announces 12 startups selected for its 2019 Series-A Venture Showcase

African funding platform VC4A has announced the 12 companies selected for its 2019 Series-A Venture Showcase. The founders of the 12 companies will showcase their…

Egyptian online print shop PrintX raises $150k from a Saudi angel investor

PrintX, a Cairo-based online print shop, has raised $150 000 from Saudi angel investor Mohamed Elbazz. Tech publication MenaBytes reported in an article yesterday…

10 questions startup founders should ask before looking for funding

So, you’ve launched a startup and now you want to raise millions from a venture capitalist or angel investor. Hang on a second, do…

Egyptian health, beauty services startup Glamera raises $250k

Glamera, a Cairo-based health and beauty services startup, has raised a $250 000 seed round from an unnamed Saudi angel investor. The startup was…

Zambian fintech Zazu announces it’s raised $1.4m

Lusaka-based fintech Zazu announced yesterday in a blog post that it had raised $1.4-million in funding. The startup, which is registered in the UK…

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…

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