Venture capital

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…

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…

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…

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…

Lenovo Accelerate 2025 champions Innovation

The Alarming Truth About Gen Z Gaming Cybercrime

SA’s Smallest Businesses Are Job Engines – So Why Can’t They Get Funding

Five Ways to Back South Africa’s Young Entrepreneurs

Novare Holdings anchors R2.8 billion Investment

Investors Finding Their Way Back to the Kenyan Market

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

Luca de Meo and his Renault legacy

Gemini AI to enhance Volvo infotainment

Everest better at exploring than Explorer