Venture capital

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…

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…

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…

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…

Flow launches the world’s first and only shoppable audience marketplace

MTN MoMo’s R10-a-Day Smartphone Offer Aims to Bridge South Africa’s Digital Divide

Acer Rolls Out Student-Focused Tech in South Africa Ahead of New Term

Flow Unveils World’s First Shoppable Audience Marketplace – A Fintech-Led Revolution in Digital Targeting

Cape Town VC firm HAVAÍC secures $25m second close to power next wave of African tech startups

Binance Pay Unlocks Everyday Crypto Spending in South Africa

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

Omoda C5 X review

TDK enhances IMUs for extreme temps

Data centres and defence are reviving diesel