Venture capital

Mauritius the ideal base for entering SADC for newly funded African mobility startup Vite

Two Ghanaians and a Nigerian who have just netted seed funding from a Nigerian investor for their mobility platform, believe Mauritius is the ideal…

ChefDirect looking to raise R5m to become Uber of food delivery for SA restaurants

Farmers have long had a raw deal when selling their goods on the market. They’re often hapless price takers, while middle-men such as farm…

Lateral Capital holds initial close of $50m venture fund

Lateral Capital, a US venture capital fund focused on sub-Saharan Africa, has announced that it has exceeded its initial closing target of $20-million for…

Tech firms serving Africa raised over $2bn in funding in 2019 reveals Partech report

Venture capital (VC) investments in tech companies that serve the African market last year grew 74% over 2018 — to total over $2-billion, through…

Logistics vertical hotting up, as Kenya’s Sendy closes $20m Series-B round

Nairobi-based on-demand delivery platform Sendy has raised $20-million in a Series-B investment round led by Atlantica Ventures. Sendy connects businesses and individuals to third party…

SA VC HAVAÍC reveals it’s funded Kenyan startup Tanda

Cape Town based venture capital (VC) company HAVAÍC revealed yesterday that it has concluded an investment in Nairobi based Dukapay Ltd (trading as Tanda)….

Changes to Section 12J VC regime won’t spell doom for all funds says venture capitalist

Experts last year raised concern over new deductions limits for investors under Section 12J of the Income Tax Act, saying it will reduce the…

Nigeria’s OneFi secures $5m debt facility for its Paylater mobile platform

Lagos based finance company OneFi today announced that is has secured a $5-million debt facility from New York and Nairobi-based debt platform Lendable. In…

What startups should know about listing their investment on Uprise.Africa [Q&A]

Equity crowdfunding — where entrepreneurs source investment from any number of investors via an online platform — is slowly taking hold in South Africa….

In’s and out’s of investing on equity crowdfunding site Uprise.Africa [Q&A]

SA equity crowdfunding platform Uprise.Africa last week launched its third campaign, with SA mobility startup Lüla seeking to raise R2.5-million by late May, in return for…

Chinese fund Shaka VC completes sixth deal in as many months since launching

Venture capital fund Shaka VC last month concluded its sixth deal less than six months since launching, when it invested an undisclosed amount in…

SA insurtech Investsure in R9.6m round from 4Di, Lireas Holdings, Compass Insure

SA insurtech InvestSure announced today that the company has completed their first funding round – securing R9.6-million from Hannover Re Africa subsidiaries Lireas Holdings…

Nigerian fintech TeamApt raises $5.5m in round led by Quantum Capital Partners

Nigerian fintech startup TeamApt has raised $5.5-million in investment in a Series-A round led by Nigerian venture capital (VC) company Quantum Capital Partners. This,…

What Edge Growth looks for when investing in entrepreneurs [Q&A]

The ability to manage complicated tasks and still stay focused, deep industry experience, a strong work ethic and the ability to take advice from…

Spartan SME Finance secures R100m from SA SME Fund for R600m fund

SA small business financier Spartan SME Finance has secured a R100-million investment from The SA SME Fund to anchor its R600-million debt financing fund,…

SA startup Aerobotics secures R29m in funding from Paper Plane Ventures

SA aerial-data analytics startup Aerobotics announced this evening that it has received R29-million ($2-million) from local venture capital (VC) company Paper Plane Ventures in its latest…

JustLaundry to use novel way to raise R7.2m on local crowdfunding site

Johannesburg based crowdfunding platform The People’s Fund today announced that it offering customers the opportunity to own up to 40% of a laundromat company by simply…

SA startup Lula launches R2.5m Uprise.Africa crowdfunding campaign

SA mobility startup Lüla announced today that it will seek to raise R2.5-million in return for giving up an 8.5% equity stake, through local…

Egyptian trucking marketplace Trella raises $600k in pre-seed round

Cairo-based trucking marketplace Trella has raised $600 000 in a pre-seed round led by Egyptian venture capital (VC) firm Algebra Ventures. In a statement yesterday…

Microtraction looking to invest outside Nigeria says partner Dayo Koleowo

Lagos-based early-stage investment platform Microtraction is looking to do “some non-Nigerian” deals this year, its former principal investment officer and newly appointed partner Dayo…

Sars Section 12J VC companies – hype versus substance [Opinion]

There are many legal ways for South African taxpayers to reduce their tax burden, and investing in a SA Revenue Service (Sars) approved Section…

Kenya’s mSurvey to take on Nigeria after securing follow-on funding from Proparco

Nairobi-based mobile survey platform mSurvey is looking to expand operations and take on the Nigerian market after the firm’s recent announcement that it secured follow-on funding from…

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