Venture capital

SAVCA to honour businesses who thrived with investment

Portfolio companies, private equity and venture capital funds have until Monday, 15 August to enter the 2022 SAVCA Industry Awards hosted by the Southern…

Venture builder Aions reveals its first 3 incubator start-ups

Venture builder and business incubator Aions Creative Technology has unveiled the first three start-ups that it will be funding through its unique funding model, which will…

Grow African business via domestic capital, foreign funds

Access to capital is probably the most significant factor in the success of growth-stage businesses. While investment funding is well within reach in many…

BII announces $20m investment in mobility fintech Moove

British International Investment (BII), the UK government’s development finance institution, has made a $20 million, four-year structured credit investment in Moove – a mobility…

Futuregrowth announces high-growth development equity fund

Early-stage businesses with a strong developmental impact are set to benefit from the soon-to-be launched high-growth development equity fund by Futuregrowth, a leading South…

Omame to grow TLcom deal flow generation into pre-seed

Africa-focused venture capital firm TLcom has announced the appointment of Eloho Omame as a partner, bolstering its capabilities as it ramps up deployment of…

[Opinion] ‘Grow SA through local venture capital funding’

Justin James, co-founder and investment partner at Fireball Capital, explains how his venture capital fund management firm, has observed an exponential acceleration of external…

This is why Nestlé launched its Hatcher innovation platform

Nestlé, the consumables giant, recently launched Nestlé Hatcher whose “fundamental goal is to work collaboratively with start-ups to identify sustainable and scalable solutions that…

IFC participates in $13.5M Antler East Africa Fund

Early-stage investor Antler closed its oversubscribed East Africa investment fund at USD 13.5 Mn to continue to support early-stage tech start-ups in the region. The bumper…

Google.org announces $1M grant to funding support women entrepreneurs

Google has announced that its philanthropic arm, Google.org, is committing R15.3 million in charitable funding to support programs helping women entrepreneurs to grow their…

CrowdForce raises $3.6M during Series A

HAVAÍC, Aruwa Capital Management (Aruwa), and Asian African Investment & Consulting (AAIC) have announced a joint US$3.6 million pre-series A investment in CrowdForce. Empowering Nigeria’s underserved and unbanked population, the financial…

Fintech group, Capital Appreciation Limited, acquires Responsive Technology

South African fintech group, Capital Appreciation Limited has acquired the Responsive Technology group for the purchase price of R48,68 million. The acquisition includes 100% of…

South African cryptocurrency exchange raises $50M in oversubscribed Series B

VALR.com, a cryptocurrency exchange headquartered in South Africa, has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round. This values…

Four African startups join tenth Catalyst Fund Inclusive Fintech cohort

Global tech accelerator Catalyst Fund, managed by BFA Global, has announced its tenth cohort of fintech companies that are building solutions designed to improve…

Floatpays secures R15M investment from Naspers Foundry

Floatpays, a Cape Town-based on-demand earned wage access platform, has received a R15 million investment from Naspers via its early-stage tech investment arm, Naspers…

MarketForce raises $40M in largest Series A round in East and Central Africa

Nairobi-based MarketForce, a B2B platform for retail distribution of consumer goods and digital financial services in Africa, has closed a $40 million Series A…

Cape Town based BNPL startup secures Weaver Fintech investment

PayJustNow, a Cape Town-based digital payment platform specialising in Buy Now Pay Later (BNPL), has secured an investment from a major fintech player, which…

Morocco based logistics startup Freterium raises $4M

Morocco-based transport management software startup, Freterium, has raised $4M in its latest funding round which closed in December. The seed round was led by…

Flutterwave raises $250M, now valued at over $3B

Flutterwave, the African fintech founded in 2016 that helps businesses make and accept payments anywhere from across Africa and around the world announced, has…

Egyptian ecommerce platform, Wasla, raises $9M in funding

Wasla, the Egyptian e-commerce mobile web browser and desktop extension, has raised $9 million in funding from Contact Financial Holding. With the tie-up, Contact…

Egypt proptech startup, Nawy, raises $5M in seed funding

Egyptian proptech startup, Nawy, has concluded its seed funding round securing $5 million in investment led by the Sawiris family office. Nawy is an…

Egyptian investment startup, Thndr, secures $20M in Series A

Thndr, the Egyptian digital investment platform, has secured $20 million in a Series A investment round co-led by Tiger Global, BECO Capital and Prosus…

Nigerian healthtech startup, Reliance Health, raises $40M in Series B

Reliance Health, an emerging markets-focused digital healthcare provider, has completed a $40M (R622 426 000,00) Series B funding round led by General Atlantic, a…

How VR Meditation Apps Like Realms of Flow and Others Are Redefining Our Connection with Reality

How forex trading is transforming startup investment strategies

How One Energy Project Could Reshape Climate Action

South Africa’s online grocery boom signals digital shift

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

Trump wins – Tesla goes beyond $1 Trillion

Vivo update – a big safety gain

Review: Range Rover Evoque P300e Dynamic HSE