Venture capital

African venture capitalists bullish over VC sector ahead of Nigerian Interswitch’s IPO

The World Bank has forecast growth in Sub-Saharan Africa to slow from 3.4% (forecast) in 2019, to 2.9% in 2020. But despite slower growth,…

€60m Janngo Capital Startup Fund to back African tech startups tackling UN SDG goals

African tech startups that tackle the UN’s Sustainable Development Goals (SDGs) are set to benefit from the launch of the €60-million Janngo Capital Startup Fund….

We’re betting on investing R250m in startups over next 3 to 5 years – HAVAÍC head

Venture capital (VC) company HAVAÍC is betting on an exciting next three to five years. This, after the Cape Town based VC deployed R40-million in…

HAVAÍC reveals its invested about $550k in SA biotech startup 3X4 Genetics

Cape Town based venture capital (VC) company HAVAÍC has invested “about $550 000” in genetic tests startup 3X4 Genetics, the VC’s CEO Ian Lessem…

HAVAÍC, institutional funder invest further R6m in Aura

Joburg-based startup Aura has netted a further R6-million from Cape Town based venture capital (VC) company HAVAÍC. The investment, which was made in the last…

KYC startup VerifyMe Nigeria raises Series-A round

Lagos-based ID verification and Know Your Client (KYC) startup VerifyMe Nigeria has raised an undisclosed Series-A round from Consonance Investment Managers. VerifyMe’s platform enables…

African fintech startups to benefit after Catalyst Fund nets $15m from UK Aid, JP Morgan

Fintech startups in Kenya, Nigeria and South Africa that target financial inclusion, are among those set to benefit from grants of up to $100…

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…

French investor I&P says IPAE 2 fund ‘on track’ after €25-million second closing

French impact investment group Investisseurs & Partenaires (I&P) says its new fund is on track to raise between €80-million and €90-million after last week…

Cairo-based GoodsMart announces second investment from Algebra Ventures

Cairo-based household shopping app GoodsMart today announced that it has secured its second investment from Egyptian venture capital (VC) firm Algebra Ventures. The deal…

SA’s Xineoh in $500k funding round, as it eyes opening second Canada office

SA tech company Xineoh has closed a $500 000 equity funding round and is now exploring opening a second office in Canada — in…

Ctrl CEO says Santam investment will give the insurtech two to three years runway

SA short term insurer Santam’s investment in Cape Town based digital insurance broker Ctrl — announced late last month — will give the insurtech…

Four Sars Section 12J venture capital funds that invest in SA tech startups

South Africa’s venture capital (VC) tax incentive allows investors that invest in accredited VC companies that then invest in small businesses, to make a…

Section 12J funds that invest in property are a tax dodge says Vinny Lingham

Silicon Valley based SA entrepreneur Vinny Lingham says too many funds approved under South Africa’s Section 12J venture capital (VC) tax incentive are using…

SA startup RapidDeploy raises $12m from Samsung Next, GreatPoint Ventures

SA tech startup RapidDeploy announced yesterday that it has raised $12-million in a Series-A round from US venture capital fund GreatPoint Ventures and innovation…

Productivity On A Large Screen

Everlytic Launches Cutting-Edge AI Studio with WhatsApp Chatbots for Smarter Communication

Everlytic’s new API Communicator feature enhances customer engagement across multiple channels

Savant Launches Savant Build Cohort 3 to Accelerate Deep-Tech Innovation in the Green Economy

Simplicity at scale: The role of leadership in agile transformation

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

Google Cast and other Christmas goodies for Rivian

GM switches-off Cruise control on $10bn robotaxi project

CHARGE taking EVs off-grid in the North West