Venture capital

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…

Egyptian online dental marketplace DentaCarts nets $450k investment

Egyptian online dental marketplace DentaCarts has raised $450 000 from AUC Angels, African health-care investor Asia Africa Investment & Consulting and 500 Startups. Earlier…

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”.

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…

LG’s New 100-Inch QNED TV Is a Game-Changer for Home Entertainment in South Africa

ASUS Taps Into South Africa’s AI Obsession With Smarter Devices

HONOR 400 and 400 Pro Redefine AI Smartphone Innovation for South African Users

SA SMBs are AI-Ready – ASUS Report Shows Local Businesses Are Already Seeing Real ROI

Ocellics Reinvents Fund Factsheets with Automation-Driven Platform for Investment Managers

AWIEF 2025 Awards Nominations Now Open

Acer Unleashes Beastly New Predator BiFrost and Nitro GPUs with AMD Radeon RX 9000 Series

Philips Evnia Drops Jaw-Dropping QD OLED Monitors: 240Hz, Ambiglow, and All the Good Stuff

Microsoft launches new Surface devices in new AI era

TDK enhances IMUs for extreme temps

Data centres and defence are reviving diesel

The most recognisable tactical pickup truck evolves