Venture capital

Egypt’s Eventtus raises funding to develop events platform

Egyptian tech company Eventtus has raised an undisclosed amount in funding to help it launch a digital events platform to continue operating amid the…

Ingress Healthcare raises R6m for Airbnb-like platform for doctors to utilise spare capacity

Cape Town based healthtech Ingress Healthcare has raised R6-million to help it to scale its platform that aims to distribute spare consulting rooms in…

Andela, Flutterwave co-founder calls on co-investors to join his Future Africa fund

Andela and Flutterwave co-founder Iyinoluwa Aboyeji is looking for co-investors to join his Future Africa fund. Aboyeji (pictured above), who founded the fund last…

Nigerian healthtech 54gene closes $15m Series-A raise

Nigerian healthtech platform 54gene has closed a $15-million Series-A round. The round was led by Adjuvant Capital, a US based life sciences fund. Adjuvant Capital’s…

Global Ventures closes $50m MENA-focused fund

Dubai-based venture capital (VC) company Global Ventures, has closed its first fund, of $50-million, to invest in the Middle East and North Africa (MENA)…

GreenTec Capital invests in Kenyan logistics startup Amitruck

German investment firm GreenTec Capital has invested in Kenyan logistics startup Amitruck. The announcement was made in a statement on Tuesday (7 April). The investor…

Enygma Ventures invests R8.25m in SA online preschool Play Sense

SA startup Play Sense has secured R8.25-million from US venture capital (VC) fund Enygma Ventures to enable it to grow its online in-home pre-school offering….

VC4A calls on startups to pitch at event and raise up to $5m

Looking to raise a Series-A round of between $250 000 and $5-million for your high-growth startup? VC4A is looking for 10 innovative high-growth startups…

Norwegian Håvar Bauck’s Kenyan startup HotelOnline announces it’s raised $320k [Updated]

Håvar Bauck, the Norwegian entrepreneur who hit the news earlier this year over his dealings with controversial Polish tech entrepreneur Marek Zmyslowski announced yesterday that…

World Bank to invest $75m in project to support Tunisian startups, small businesses

The World Bank plans to invest $75-millionto support Tunisian startups and small businesses. In a statement last month, the World Bank said it will…

Knife Capital invests in 19-year-old SaaS firm Cradle Technology Services

Cape Town based venture capital (VC) company Knife Capital announced today that it had invested in Software as a Service (SaaS) company Cradle Technology Services….

Nigeria’s Microtraction launches Scout Initiative to search for more deals

Lagos-based early-stage investment platform Microtraction has launched a bid to source more deals and identify “high-trajectory” founders. It follows the announcement yesterday by Microtraction of…

Green machine closes VC deal after pivot from vending solution to tech platform

After a year of running their vending machine business Gideon Greaves and Chad Knezovich were at a loss at what to do. Greaves had sold…

US founder of Aegis got idea to address gun violence while growing up in SA

The founder of a US startup which aims to tackle gun violence in America through smart cameras, says he got to know the seriousness…

Nigerian healthtech platform 54gene secures $4.5m

Nigerian healthtech platform 54gene has secured a $4.5-million seed round from several investors — including Y Combinator, Fifty Years, Better Ventures, KdT Ventures, Hack VC and Techammer, among…

LulaLend looking to access R500m in debt funding following latest raise [Q&A]

SA fintech startup Lulalend has had access to over R150-million in debt funding since launching in 2014 and is on track to access another R500-million off…

Naspers’ $2.3bn in Indian firms since 2011 dwarfs SA tech investments [Updated]

UPDATE (12 August 2019): Naspers announced in a press release today that it had taken part as lead investor in a $125-million fundraise in Indian…

SA fintech Fundrr finally lands funding after being turned down by 50 angels

Try and try again. That’s what the founders of Joburg based fintech startup Fundrr, which lends to small businesses, have had to do to…

Here are six of the biggest VC deals so far in 2019 by Egyptian startups

As summer hits Egypt it’s not just the streets that are cooking, with maximum temperatures in the capital Cairo expected to remain above 38…

Nigerian healthtech DrugStoc secures investment from Growth Capital

Nigerian social innovation fund Growth Capital has invested an undisclosed amount in Lagos-based Nigerian drug procurement platform DrugStoc. Growth Capital is a Nigerian based…

‘AI-focused Cortex Ventures to begin investing by year-end’

Cortex Ventures, a Cape Town based fund that aims to invest in artificial intelligence (AI) developments, expects to make its first investments in the…

SA fintech LulaLend raises $6.5m from the IFC, Quona Capital

Cape Town based fintech startup Lulalend has closed a $6.5-million (R92-million) Series-A round led by the World Bank’s IFC and Quona Capital. The startup, which was…

Latest investment will help food delivery startup dominate Egypt – Elmenus CEO

Egyptian food delivery startup Elmenus today announced that it has secured an investment from Foodora co-founder and DeliveryHero VP Julian Dames. Elmenus CEO Amir…

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