Venture capital

Egypt’s Pravica raises $500k in round led by 500 Startups

Cairo-based startup Pravica has landed a $500,000 investment in a pre-seed round. The round was led by 500 Startups, with the participation from Modus…

Catalyst Fund welcomes four African investors into its exclusive fintech fold

Catalyst Fund, the global inclusive fintech accelerator managed by BFA Global, today welcomed six leading fintech investment firms into its fold which already makes…

10 things venture capitalists should invest in during Covid-19 [Opinion]

One of the positive impacts of Covid-19 on the global economy, is that it is accelerating the pace of digital transformation within public and…

New report estimates VC investments in African tech firms could fall by 40% in 2020

A new report estimates that venture capital (VC) investment in tech startups serving the African market could fall by up to 40% this year….

Egyptian food delivery startup Mumm lands investment from Alexandria Angels

Egyptian startup Mumm has raised an undisclosed amount of investment from Alexandria Angels, tech publication Menabytes has reported. Menabytes said in an article last…

Nigeria’s Stears raises $600k from Omidyar Group’s Luminate, other investors

UPDATE (8 May 2020): We had it initially that Luminate led this round. However, A Luminate representative subsequently contacted Ventureburn to point out that…

Nigerian fintech Okra nets $1m investment from TLcom

Nigerian fintech platform Okra has secured a $1-million pre-seed investment from Nairobi and London based venture capital (VC) firm TLcom Capital. Okra, which launched…

Nigerian Edmund Olotu’s TechAdvance raises $1m from Bahrain investor

Lagos-based payments infrastructure firm TechAdvance has secured $1-million in funding from Bahrain’s Lamar Holding. TechAdvance was founded in 2009 by CEO Edmund Olotu (pictured above) and…

LLH Capital’s Gil Oved, Romeo Kumalo mum on deals fund has concluded so far

Those waiting for details on the closing of SA based LLH Capital‘s $200-million tech fund will have to remain patient until the fund’s partners —…

So, what percentage of VC and angel investing goes to SA startups with women founders? [Updated]

UPDATE (14 August 2019): We neglected to include Smartblade’s R9.5-million investment from Savant in the below list. We have updated the list as well…

Eight SA tech startups with women founders that have recently had VC, angel deals [Updated]

UPDATE (14 August 2019): We neglected to include Smartblade’s R9.5-million investment from Savant in the below list. We have updated the list as well…

Kenya-based diagnostics startup Ilara Health raises $735k

Nairobi-based healthtech startup Ilara Health has raised $735 000 in seed funding from a group of angel investors and venture capital (VC) firms. The angel investors…

An empty shell 3 years ago, Binu has since raised over R100m

Three years ago Gour Lentell was staring at an empty shell of a company. After eight years the money had run out and he’d…

Tinder parent company Match Group acquires Egypt’s Harmonica

US online dating services provider Match Group has acquired Egyptian matchmaking app Harmonica. Harmonica — which announced the acquisition in a statement earlier today…

Egyptian fintech MoneyFellows has raised over $1m

MoneyFellows, a Cairo-based collaborative group lending and savings platform, has raised over $1-million in a pre-Series-A funding round. Tech publication Menabytes reported in an…

Unclear when Mauritius will introduce planned crowdfunding regulations [Updated]

UPDATE (7 August 2019): Paul Perrier, the co-founder of Mauritian based crowdlending platform Fundkiss told Ventureburn in a call today that the new regulations had been…

$50m Lateral Capital to review 1000 possible deals a year to back six investments

Lateral Capital, a $50-million Africa-focused venture fund plans to sift through 1000 potential deals a year to invest in six of these, says co-founder and…

Kenya’s Sokowatch expands to Uganda, Rwanda after $2.5m seed round

Nairobi based B2B ecommerce platform Sokowatch has expanded to Rwanda and Uganda after it secured a $2.5-million tranche of seed funding in February. Sokowatch — which…

Blue Label Ventures acquires 26% stake in sports analysis firm Mobii Systems [Updated]

Blue Label Ventures — the venture capital arm of SA listed Blue Label Telecoms — has acquired a 26% stake in a Mobii Systems, a…

SA startup Healthcent nets R8m investment from Allan Gray, Umkathi Wethu Ventures

SA healthtech startup Healthcent announced today that it had secured R8-million in seed funding from black empowered holding company Umkhathi Wethu Ventures and investment firm…

SA trio behind US-based startup Sortd net funding from HAVAÍC [Updated]

Sortd, a US-based software startup founded by three SA founders, has secured investment from Cape Town based venture capital (VC) firm HAVAÍC. Sortd has developed a…

Experts raise concern over new Section 12J rule that limits deductions for investors

Experts have raised concern over a new threshold for deductions that investors can make under Section 12J of the Income Tax Act, saying it…

Aurik to kick off fund raising for new Section 12J VCC for SMEs

Aurik Investment Holdings will this Friday launch a bid to raise capital for a new fund that will invest in established small firms that…

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