Venture capital

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…

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…

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…

WeThinkCode_ and South Cape TVET College Bring Software Engineering Training to Rural SA Youth

Flow launches the world’s first and only shoppable audience marketplace

MTN MoMo’s R10-a-Day Smartphone Offer Aims to Bridge South Africa’s Digital Divide

Fintura Heads to Silicon Valley After Winning SA Startup World Cup

Capitec and Mama Money Launch Fintech Partnership to Empower Migrant Workers Across Africa

Flow Unveils World’s First Shoppable Audience Marketplace – A Fintech-Led Revolution in Digital Targeting

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

Omoda C5 X review

TDK enhances IMUs for extreme temps

Data centres and defence are reviving diesel