Venture capital

Dutch VC fund takes a stake in SA’s Centbee after Paper Plane Ventures exits startup

UPDATE (21 February): An earlier version of this story had it that Dutch venture capital (VC) company Two Hop Ventures had acquired SA VC…

Santam invests in JaSure, a Gauteng based insurtech that has done away with CEO role

Short-term insurer Santam has invested an undisclosed amount in JaSure — a Johannesburg based insurtech which has done away with the role of CEO….

University Technology Fund to grow R150m fund size with new investors, co-investments [Updated]

With the SA SME Fund‘s R150-million University Technology Fund set to make its first investment in the coming months, fund manager Wayne Stocks says…

Nigerian fintech Carbon sets up $100k Pan-African fund

Nigerian fintech Carbon announced today that it has set up a $100 000 Pan-African fund for budding tech entrepreneurs on the continent. Carbon claimed…

Egyptian delivery startup raises Series-A round from France’s DPDgroup

Cairo-based delivery startup Bosta has raised an undisclosed amount in a Series-A round from French parcel delivery company the DPDgroup. This, according to an…

Tunisian taxi scooter startup IntiGo raises over $300k from angel investors

Tunisia’s IntiGo, a taxi-scooter startup, has raised over $300 000 in investment from angel investors. An article in Tunisian business news site El Boursa yesterday…

New $100m Nuwa Capital fund to target MENA, East African startups

Former Wamda Capital managing partner Khaled Talhouni has launched Nuwa Capital, a new fund to invest in tech startups in the Middle East North Africa…

Dakar Network Angels sets sights on making four investments per year

Dakar Network Angels (DNA), which launched last month, aims to make four investments each year in francophone Africa, with investment tickets of between $20…

Cathay AfricInvest Innovation Fund to invest ticket sizes of up to €15m in African startups

The recently launched Cathay Africinvest Innovation Fund will invest ticket sizes of between €3-million and €15-million or the equivalent in local currency, Cathay Innovation co-founder…

Pearson Ventures’ $50m fund will explore opportunities in SA, other markets

South Africa is one of the markets in which British education company Pearson will explore opportunities through its $50-million Pearson Ventures fund, Pearson Ventures…

Sun Exchange looking to raise $3m in round led by US digital asset investment fund Alphabit

Blockchain-based solar micro-leasing marketplace Sun Exchange is looking to raise $3-million in equity funding in a round led by the startup’s largest investor, US-based cryptocurrency…

Jumia raises $196m in New York Stock Exchange IPO

African ecommerce giant Jumia today raised $196-million in its initial public offering (IPO) at the New York Stock Exchange (NYSE).

More than money, linkages – what a great venture capitalist should look like [Opinion]

The practices of venture capital in South Africa have barely matured during the last decade, but change is afloat. A new generation of empathetic…

Nigerian fintech Kudi raises $5m Series-A round to expand network, products

Fintech startup Kudi is set to expand its network of bank agents in Nigeria and launch new financial products after it raised a $5-million Series A round led by Paris-based venture capital firm Partech.

SA’s Fancam wins industry validation, $100k with Stadia Ventures sports accelerator

Cape Town based tech company Fancam has landed $100 000 in investment from US based venture capital Stadia Ventures. But the company’s co-founder and CEO Tinus…

Nigerian medtech startup MDaaS Global raises over $1m in equity funding

MDaaS Global, a Lagos-based medtech startup that builds and operates diagnostic centres in Nigeria, has raised just over $1-million in equity funding, reveals a…

Egyptian end-to-end distribution platform Brimore raises $800k seed round

End-to-end distribution platform Brimore has announced that it has raised $800 000 in a seed round co-led by Algebra Ventures and Endure Capital. In…

Egyptian gaming community GBarena lands seed funding from Cairo investor

Egyptian esports and gaming community GBarena has raised seed funding from Cairo-based investor HIMangel, the startup has revealed. The startup made the announcement in…

Here are the eight funds that the SA SME Fund will invest in

The R1.4-billion SA SME Fund — which was officially launched yesterday in Johannesburg by President Cyril Ramaphosa but which has already begun disbursing investments…

‘Fintech to help True Impact Fund distribute R1bn at zero management fees’

A new fund aims to use a fintech platform to disburse R1-billion to 2000 small businesses over the next three years which will allow…

African tech startups raised over $1.2bn in funding in 2018 – Partech report

A report by French venture capital (VC) firm Partech Africa has found that 146 African tech startups raised $1.163-billion in equity funding last year…

New R150m Opus Ventures fund plans to invest R3m in Khomba taxi app [Updated]

UPDATE (27 March 2019): Khomba co-founder Sizwe Cele responded to Ventureburn subsequent to the publication of this article to say that his startup has…

MENA focused $33m fund 500 Falcons to invest in over 150 startups

Between 150 to 200 startups from the Middle East and North African (MENA) region are set to benefit from millions of dollars in funding,…

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?

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?

Flow48 Secures $69M Series A to Fuel SME Lending Expansion in South Africa and Saudi Arabia

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