Venture capital

Latest report puts new number to Egypt’s record year of startup deals in 2019

Egypt topped the Middle East and North Africa (MENA) region last year when it came to the number of investments concluded by tech startups,…

Egyptian fitness startup ElCoach raises seed investment

Egyptian fitness startup ElCoach has raised an undisclosed six-figure dollar amount in seed funding. In an article yesterday by tech publication MenaBytes, the startup…

SA venture capitalists prepare for tough times ahead with onset of coronavirus

SA venture capitalists are preparing for tough times ahead, as the onset of the coronavirus threatens to cut short funding rounds and in some…

Former Dimension Data execs invest in digital ID solutions company Contactable

Pretoria based secure identity solutions company Contactable has landed investment from former Dimension Data executives Allan Cawood and Scott Gibson. Cawood’s investment was made…

The Finnish founder behind €3.4m deal who fell in love with Africa’s unique challenges

For Finnish founder Jussi Hinkkanen — whose edtech startup Fuzu announced this week that it had closed a €3.4-million Series-A round — the ability…

Quona Capital achieves final close of $203m for financial inclusion fund

US based investment fund Quona Capital has raised $203-million for its Accion Quona Inclusion Fund, to invest in tech startups that focus on financial…

EWB Canada announces launch of $24m Hummingbird Impact venture fund

Engineers Without Borders Canada (EWB Canada) has announced the launch of a $24-million fund to invest in African startups. In a statement yesterday EWB…

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…

Female focused Dazzle Angels close to making first investment

Dazzle Angels, SA’s first angel fund focused entirely on women-owned technology businesses, is edging closer to announcing its first deal. Alexandra Fraser (pictured above),…

SA hardware tech incubator Savant invests over R9m in medtech startup SmartBlade

SA hardware tech incubator Savant has invested R9.5-million in Cape Town based medtech startup SmartBlade. Savant venture fund manager Nick Allen (pictured above) —…

German government launches €1bn Africa fund

German ambassador to Ghana Christoph Retzlaff earlier today announced that the German government had launched a €1-billion Africa fund. Retzlaff (pictured above, left with former Ghanaian…

Uprise Africa calls on funders to co-invest with crowdfunding platform

SA equity crowdfunding platform Uprise.Africa is calling on venture capital funds and other funders to co-invest with individual investors on its platform. The call…

Time is right for VCs, equity crowdfunding platforms to collaborate [Opinion]

Crowdfunding, a fairly new concept in South Africa has emerged as an epic tale, marking the start of a new era. SA equity crowdfunding…

SA crypto exchange Ovex deal with Invictus Capital ‘was less than R10m’

SA cryptocurrency exchange Ovex revealed today that the seed investment it secured from Cayman Islands-based crypto asset management firm Invictus Capital was “less than R10-million”. Ovex, which launched…

Cameroon’s Kiro’o Games turns to it’s own crowdfunding platform to raise $1m

Faced with hesitant investors who Cameroon’s Kiro’o Games believe failed to realise the potential of a games development studio, the startup is using an equity crowdfunding…

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