Venture capital

Four Cape Town startups land over R2.7m in Savant TIA grants for their innovative ideas

Four Cape Town based startups have collectively landed over R2.7-million in seed grants from the Technology Innovation Agency (TIA), administered by Savant, a hardware tech…

Nigerian fintech Vesicash nets further investment from Ingressive Capital

Nigerian fintech Vesicash has raised an undisclosed amount of investment from Lagos-based investor Ingressive Capital. The startup provides a digital escrow service which helps…

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…

World Bank to invest $50m to help scale Egyptian early-stage investment network

The World Bank, as part of a $200-million project that aims to support small businesses and job creation for women and youth in Egypt, will…

Ghanaian startup KudiGO raises $450k in seed round led by Founders Factory Africa

Accra-based consumer retail solutions startup KudiGO has closed a $450 000 seed round led by Founders Factory Africa. KudiGO was founded in 2017 by CEO…

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…

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