Venture capital

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…

Savca pledges to act over HAVAIC-Custostech matter when case has concluded

The Southern African Venture Capital and Private Equity Association (Savca) said it is following the case between SA venture capital (VC) company HAVAIC and…

HAVAIC acted with integrity with us, say founders from VC’s portfolio companies

While SA venture capitalists have expressed shock over venture capital (VC) company HAVAIC‘s decision to sue startup Custostech for $4.45-million, the founders of four…

SA venture capitalists shocked over Havaic’s bid to sue Custostech for $4.5m

SA venture capitalists have expressed shock and concern over local venture capital (VC) company HAVAIC‘s decision to sue Stellenbosch based startup Custostech for $4.45-million….

Microtraction invests in Nigerian edtech startup Gradely

Lagos-based early-stage investor Microtraction has invested in Nigerian edtech startup Gradely. Microtraction made the announcement in a blog post on Medium last week. The startup…

SA’s Custostech lays off staff after VC sues startup for $4.5m over failed investment bid

Stellenbosch-based startup Custostech says it has been forced to lay off most its staff after SA venture capital (VC) company HAVAÍC sued the startup…

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…

African VC funds in for a bonanza, with Germany’s €1bn Africa fund [Updated]

African venture capital (VC) funds are in for a bonanza. VC funds in at least 12 African states, will be able to tap up…

Ozow nets follow-on funding from Kalon Venture Partners for Series-A round

Kalon Venture Partners announced yesterday that it had made a follow-on investment in Ozow (formerly i-Pay) of an undisclosed amount. Ozow, which was founded as…

Business Partners’ VC fund helps farming duo more than weather the drought

While many in South Africa’s agricultural sector are struggling in the wake of one of the country’s worst droughts in recent history, it’s been…

Naspers Foundry announces its first investment, with R30m in SweepSouth

UPDATE (20 December 2019: SweepSouth co-founder Aisha Pandor confirmed with Ventureburn today that the R30-million was part of an investment round which the startup…

Nigeria’s Max.ng to expand to 10 West African cities with close of $7m Series-A round

Lagos-based mobility platform Max.ng today announced that it has closed a $7-million Series-A round which it said it will use to help it to…

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

Google Cast and other Christmas goodies for Rivian

GM switches-off Cruise control on $10bn robotaxi project

CHARGE taking EVs off-grid in the North West