Venture capital

SA startup 3X4 Genetics lands $2.5m VC deal to market offering in the US [Updated]

The SA founders of biotech startup 3X4 Genetics have landed $2.5-million in investment from US venture capital (VC) fund Alethea Capital Management. Founded by…

Microtraction invests in Ghanaian fintech startup Bit Sika

Lagos-based early-stage investor Microtraction announced yesterday that it has invested in Ghanaian fintech startup Bit Sika. The Accra-based startup provides a money transfer service which…

Kenyan insurtech startup Turaco raises $1.2m seed investment [Updated]

Nairobi-based insurtech startup Turaco has raised a $1.2-million seed investment which it intends to use to further scale its operations across Africa. Turaco, which…

Vinny Lingham linked VC fund has secured 20% of Mara Phone’s SA master franchise [Updated]

UPDATE (14 January 2020): While Silicon Valley based SA entrepreneur Vinny Lingham is linked to the LionPride Agility Fund, which secured a 20% cut…

How to land funding with Vinny Lingham’s LionPride Agility Fund

SA has a new-ish tech fund on the block, the R500-million LionPride Agility Fund — linked to Silicon Valley based SA entrepreneur Vinny Lingham….

Partech made eight deals in 2019 from its Africa fund, but who did it invest in?

Global investment firm Partech has announced that its Partech Africa fund completed eight transactions this year — including six new deals and two-follow-on investments….

Egyptian on-demand mobile phone repair startup iFix raises investment from A15

Cairo-based on-demand mobile phone repair startup iFix has raised an undisclosed investment from A15, an Egyptian firm that invests in digital products and technology…

Rising Tide Africa to establish Pan-African fund in 2019 says co-founder

Rising Tide Africa aims to make between five and 10 investments annually. Although the investment network’s focus is sector-agnostic, the organisation has a preference for tech and tech enabled businesses.

JUMO’s $12.5m deal from UK investor, brings funding raised to $64.5m in 2018

In a further sign that fintech startup JUMO will again be a company to watch in 2019, the Mauritius-registered mobile financial services platform earlier…

Nigeria’s Wakanow secures $40m investment from The Carlyle Group

In what is one of the biggest disclosed deals this year, Lagos-based online travel company Wakanow.com has secured a $40-million equity investment from US alternative asset manager The Carlyle Group.

AgroCenta to expand operations in Ghana after recently closed $650k round

AgroCenta CEO and co-founder Francis Obirikorang says the Accra-based agritech and mobile financial services startup will use its recently closed $650 000 round to expand operations in Ghana.

Africa Development Bank approves $7.5m investment in Kenyan VC fund

African Development Bank has announced that its board of directors has approved a $7.5-million in Nairobi-based venture capital firm Africa Tech Ventures.

Are these the biggest disclosed VC deals in 2018 involving SA tech startups?

SA tech startups raised over a R1-billion or over $89.3-million in 2018. This is the figure available to Ventureburn through the 15 venture capital…

HouseMe secures ‘multi-million’ rand deal, declines to reveal who investors are

While Cape Town based proptech startup HouseMe last week announced that it had secured what it calls a “multi-million” rand investment — the company’s co-founder…

Six African startups selected for GSMA Ecosystem Accelerator Innovation Fund

The GSMA Ecosystem Accelerator Innovation Fund’s third cohort is comprised of 11 startups

Are these the 10 biggest disclosed African tech startup deals of 2018? [Updated]

A whole lot of money. That’s what over 60 African tech startups raised this year. While not every startup wanted to disclose how much they…

PIC, UIF partner to launch R2bn fund for startup companies in SA

The SA government on Friday (14 December) launched a R2-billion fund to help small business startups that create jobs and contribute towards the growth…

Section 12J VC incentive a good start, but government can do more [Opinion]

The world of startups is a risky choice for an investor. But there is a clever way you can reduce that risk, and that…

Sawari Ventures announces $35m first closing of $70m North Africa fund

Egyptian venture capital firm Sawari Ventures yesterday (9 December) announced a $35-million first closing of its $70-million Sawari Ventures North Africa Fund I (SVNFI)….

Egyptian healthtech Vezeeta does it again with $1-million raise from the IFC [Updated]

Egyptian healthtech startup Vezeeta has raised a new, $1-million investment from the International Finance Corporation (IFC), a member of World Bank Group — less than…

Kobo360 lands $6-million equity investment from World Bank’s IFC

The IFC, a member of the World Bank Group, has announced a $6-million equity investment in Nigerian tech startup Kobo360. The startup’s e-logistics platform helps…

Four Savant backed startups secure TIA seed grants totalling over R2.5m

Four startups incubated at Cape Town based hardware tech incubator Savant have secured seed grants totalling over R2.5-million from the incubator’s seed fund partner…

SA’s Snapt on track for 1000% revenue growth after landing $3m investment

Two years after raising $1-million in funding, SA tech company Snapt this week landed $3-million from three local investors — Nedbank, Sanari Capital and Convergence Partners (which took part in…

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