Venture capital

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…

Egypt’s Vezeeta raises $40m in Series-D round

Egyptian healthtech Vezeeta has secured $40-million in a Series-D round led by Gulf Capital, one of the Middle East’s largest alternative asset management firms….

African Women Leadership Fund to provide capital to support female fund managers

A new fund, the African Women Leadership Fund (AWLF) will provide capital to both first time and experienced fund managers that invest in majority…

New African Angel Academy to offer training on angel investing

UPDATE (13 February 2020): We adjusted the headline, by removing “ABAN” after being alerted by Fraser Consulting, that the academy is an initiative of not…

SA startup Howler secures second round of funding [Updated]

UPDATE (10 February): This article has been updated to reflect that one of the three investors, Techstars, contributed $150 000 in Howler’s latest round….

Ethiopian startup Gebeya raises $2m in seed funding

Ethiopian edtech startup and online marketplace company Gebeya has raised $2-million in seed funding in a round co-led by Partech and Orange Digital Ventures…

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,…

Revealed – SA investor Paper Plane Ventures behind these big tech names

Meet Stuart van der Veen. Van der Veen last month took up a position as chief platform officer of aerial-data analytics startup Aerobotics. But…

Africa-focused VC fund Outlierz Ventures announces first five investments

Microtraction backs Nigeria’s Sendbox in investor’s first deal of the year [Updated]

In its first deal of the year, early-stage investment platform Microtraction has announced that it has invested in Nigerian tech startup Sendbox. Sendbox provides…

Asset finance firm PEG Africa raises $25m for West Africa solar expansion

Pay-as-you-go solar company PEG Africa has raised a $25-million Series-C round which it plans to use for off-grid solar expansion in Ivory Coast, Ghana…

Nigerian agritech startup Farmcrowdy raises $1m in additional seed funding

Lagos based agritech startup Farmcrowdy has announced that it has raised $1-million in additional seed funding from Cox Enterprises, Techstars and local investor Ajayi…

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