Venture capital

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….

We’re still open to working with Custostech says HAVAIC CEO in statement

Ian Lessem, the CEO of SA venture capital (VC) company HAVAIC, which is suing startup Stellenbosch based Custostech for $4.45-million, says his VC is…

Ubisoft founder invests in startup behind Kwik Delivery

Yves Guillemot, the founder of French video games giant Ubisoft has invested in startup Africa Delivery Technologies which operates the Kwik Delivery platform in…

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…

On demand video production platform Vidr nets investment from Cape angels

A Cape Town based entrepreneur hopes to transform fast-turnaround video production through a new platform called Vidr, which last month clinched an undisclosed amount…

Egypt’s Breadfast reported to have raised a ‘seven-figure’ investment led by 500 Startups

Breadfast, a Cairo-based startup which delivers breakfast products to its users, is reported to have raised a “seven-figure” Series-A round led by 500 Startups…

Celebrating Innovation: Redmi Note 14 Post-Launch Event in South Africa

How iGaming is becoming more accessible in South Africa

HP Ditches the 15-Minute Wait: Is This the End of Customer Service Hell?

GITEX Africa: Shaping the Future of Tech and Positioning Africa as a Global Powerhous

Gozem Secures $30M Series B to Fuel Super App Expansion Across Francophone Africa

Koop’s AI Housekeeper: Could This Be the Solution to SA’s Startup Compliance Headache?

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

Lucid CEO becomes strategic advisor

Golf 8.5 update with lots of Life

Tariffs trump US new car affordability needs