Venture capital

Kenya’s QuickBus raises seed round led by UAE investor

Nairobi based bus booking platform QuickBus has raised an undisclosed seed round in a round led by UAE-based venture capital firm Shorooq Partners. The…

African tech firms closed funding deals worth $1.27b in 2019 – Briter Bridges report [Updated]

African tech companies raised $1.27-billion in funding across 167 disclosed deals in 2019, an investment summary by London-based research firm Briter Bridges has found….

SA proptech Flow set to close new funding round at end of month, says CEO

Proptech startup Flow, which last year raised R20-million in a seed round, is set to close a second seed round at the end of…

Samurai Incubate announces plans to raise over $18m for second Africa fund [Updated]

Japanese headquartered venture capital (VC) firm Samurai Incubate Africa is looking to raise 2 billion yen ($18.2-million) for a second fund to support startups…

Are these the 10 biggest deals by African tech startups in 2019?

Big money. That’s what African 86 tech startups raised this year. While not every startup wanted to disclose how much they raised, those that…

Are these SA’s 11 biggest disclosed VC deals in 2019? [Updated]

UPDATE (20 and 23 December): This article was updated to correctly state that SweepSouth’s R30-million raise from Naspers Foundry was part of a R60-million…

Africa-focused fintech Chipper Cash raises a further $6m

San Francisco based fintech startup Chipper Cash announced yesterday that it had raised a further $6-million, in a seed round led by California-based Deciens…

New Vinny Lingham linked R500m VC fund currently mulling 15 investments [Updated]

Silicon Valley based SA entrepreneur Vinny Lingham is partnering with an investment house in South Africa in a new R500-million venture capital (VC) fund,…

African funding figures – what’s the real number? [Opinion]

In the last few days those in Africa’s tech startup scene have been kept busy with the release of at least three reports that…

‘Uprise.Africa mulling 159 deals worth almost R1-billion’ [Updated]

SA equity crowdfunding platform Uprise.Africa is considering 159 applications for new campaigns totalling nearly R1-billion, the platform’s CEO Tabassum Qadir has revealed. Thus far Uprise.Africa has run only…

No conflict of interest in SA startup Flow’s R20m deal, says venture capitalist

Kalon Venture Partners CEO Clive Butkow today said there was no conflict of interest in a R20-million deal involving proptech startup Flow that his…

Kenya’s SuperFluid Labs nets funding from German VC firm

German venture capital (VC) firm GreenTec Capital Partners has invested an undisclosed amount into Nairobi-based data analytics startup SuperFluid Labs.

Section 12J industry body established to ensure industry sustainability

South Africa’s private equity and venture capital (VC) sector are gearing up for a final push to raise millions of rands from wealthy investors…

Andela secures $100m Series-D round led by Generation Investment Management

Andela — a New York-based company that identifies, develops and outsources talented African software developers — has secured a $100-million Series-D funding round led…

Egyptian startups increasingly turning to angels to land their first funding

Cairo Angels claims to have invested up two $2.3-million in 24 startups across six cities

Goodwell makes $2m equity investment in Kenyan-based ecommerce firm Copia

Dutch impact investor Goodwell Investments has made a $2-million investment in Nairobi-based consumer goods catalogue and delivery service Copia. The firm — founded by…

Newtown Partners shifts focus to offshore deals amid SA challenges

SA entrepreneur Vinny Lingham’s angel investment fund Newtown Partners has shifted its focus to sourcing deals outside of South Africa because of the poor…

SA startup Virtual Actuary may consider ‘combo valuation’ with US partner

Six months after turning down an investment offer from a major SA insurance company, SA startup Virtual Actuary is in the US for talks…

WhereIsMyTransport to take on India, Latin America after $1.85m investment

Cape Town based public transport data startup WhereIsMyTransport has secured a $1.85-million investment as part of of its Series-A round in a deal led by Mexico City-based corporate venture capital fund LiiL Ventures.

Here’s all you need to know about Oui Capital’s $10m fund

Oui Capital will make initial investments of $100 000 in fintech, edtech, healthtech, mobility and logisitics as well as marketplace ventures.

More private equity firms to participate in later stage million-dollar VC deals

Obasanjo-Adeleye said last year she’d noted what she described as an “interesting trend” in the increasing number and rising participation of private equity firms in later stage transactions in the “tens of millions”.

Celebrating Innovation: Redmi Note 14 Post-Launch Event in South Africa

How iGaming is becoming more accessible in South Africa

HP Ditches the 15-Minute Wait: Is This the End of Customer Service Hell?

Gozem Secures $30M Series B to Fuel Super App Expansion Across Francophone Africa

Koop’s AI Housekeeper: Could This Be the Solution to SA’s Startup Compliance Headache?

Flow48 Secures $69M Series A to Fuel SME Lending Expansion in South Africa and Saudi Arabia

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

Lucid CEO becomes strategic advisor

Golf 8.5 update with lots of Life

Tariffs trump US new car affordability needs