Venture capital

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…

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…

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…

Ingressive Capital launches new call for African tech startups to tap $5m fund

Ingressive Capital, a $5-million venture fund focused on early-stage African startups, is looking to invest tickets sizes of up to $100 000 in tech…

SA financial sector authority drafts another paper on equity crowdfunding

While some may be wondering when South Africa will get its own regulations governing equity crowdfunding, the authority that oversees financial regulations in South…

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