Venture capital

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…

Finnfund invests $1m in East African ecommerce site Kasha

Finnish development financier Finnfund has invested $1-million in Kasha, an e-commerce platform that aims to improves women’s access to health, hygiene and self-care products…

Mobiz, SA’s Mailchamp for SMS marketing nets first $1m in a $2m round [Updated]

UPDATE (19 June 2020): HAVAIC today confirmed in a statement that the VC had invested in Mobiz. While the VC did not say how…

Nigerian music startup MePlaylist nets investment from Beyoncé’s father

Lagos-based music startup MePlaylist has netted an undisclosed amount in investment from global investors, including Mathew Knowles, the father and former manager of artists…

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…

Egypt’s Swvl raises $42-million on a reported $156m valuation [Updated]

UPDATE (20 August 2019): Swvl‘s $42-million raise was based on a valuation of the Egyptian startup of $156.86-million. The valuation was calculated from a disclosure…

Nigeria’s MDaaS Global closes its $1m seed round

Medtech startup MDaaS Global today announced that it has closed its $1-million seed round, raising $1 030 000. It follows a report by Ventureburn…

Egypt’s Eksab secures ‘six-figure’ investment from 500 Startups

Cairo-based daily fantasy sports platform Eksab has announced that it has secured a “six figure” seed investment from venture capital (VC) firm 500 startups….

New AfDB fund to help grow electronic financial services for low-income communities

The African Development Bank (AfDB) with its partners has launched the Africa Digital Financial Inclusion Facility (ADFI) which aims to expand digital financial transactions…

SA’s The Sun Exchange raises $260k from US impact investors

SA startup The Sun Exchange has raised $260 000 from undisclosed US impact investors in a deal that is part of its targeted $3-million seed…

SA insurtech Inclusivity Solutions nets $1.5m in round led by Goodwell Investments [Updated]

Cape Town based insurtech startup Inclusivity Solutions has raised $1.56-million in a Series-A round led by Amsterdam-based impact investment and advisory firm Goodwell Investments….

Kenya’s Twiga Foods secures $5m from French investor Creadev

Nairobi-based mobile-based B2B distribution platform Twiga Foods has secured a $5-million investment from French investor Creadev. Citing a statement it had received, Kenyan radio station KassFM said in an…

Egyptian edtech Orcas lands $500k from Algebra Ventures, NFX Capital

Egyptian startup Orcas has raised $500 000 in a pre-Series A funding round led by Egyptian venture capital (VC) fund Algebra Ventures, with participation from…

HAVAÍC invests undisclosed sum in Kenyan virtual postbox startup MPost

Cape Town based venture capital (VC) firm HAVAÍC yesterday announced that it had invested an undisclosed sum in a pre-Series A round in Kenyan virtual…

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