Venture capital

Egyptian waste management startup Bekia raises investment from Oman accelerator

Bekia, a Cairo-based waste management startup has raised an undisclosed six-figure dollar denominated investment from Oman accelerator OTF Wadi. Tech publication Menabytes reported in…

The Sun Exchange raises over R4.2m against R7m target, as crowdfunding campaign closes

The Sun Exchange, a SA blockchain-based solar panel micro-leasing marketplace, has raised over R4.2-million (about $300 000) from 288 investors through its equity crowdfunding campaign…

Credit platform Migo closes $20m Series-B round ahead of Brazilian expansion

US-based fintech startup Migo (formerly known as Mines.io) has closed a $20-million Series-B round led by Brazil-focused venture capital (VC) firm Valor Capital Group….

Silvertree invests R5m in former OrderIn co-founder’s new dark kitchen business

Cape Town based investor Silvertree Holdings has invested R5-million in return for a majority stake in former OrderIn co-founder Heini Booysen’s new dark kitchens business….

Egyptian cleaning service Jinni raises undisclosed six-figure investment

Jinni, a Cairo-based cleaning service has raised a reported undisclosed six-figure dollar amount from AUC Angels. Jinni provides residential and commercial cleaning services and…

Egyptian telecom optimisation app Raseedi raises $400k [Updated]

Cairo-based telecom optimisation app Raseedi has raised $400 000, in a seed round led by 500 Startups, EFG-EV Fintech and Falak Startups. Raseedi helps dual…

SA on-demand truck hire startup Droppa nets multi-million rand investment

Droppa, a Johannesburg based on-demand platform for trucks and bakkies, has secured a multi-million rand investment from SA investor IDF Capital. Droppa CEO Khathutshelo…

Despite global outlook African startup investors can get high returns [Opinion]

The global investor outlook is shifting quickly downward, with many macro approaches underperforming due to risks from trade wars, political uncertainty and inflation. Yet…

With 32 investments, Lagos Angel Network is tops in Africa finds report

The Lagos Angel Network (LAN) is Africa’s most active angel group by number of investments with about $1.5-million currently invested across 32 investments, according to…

Egypt’s Swvl closes BECO Capital led Series-B round in the ‘tens of millions’

Cairo-based transportation startup Swvl has raised an undisclosed amount in a Series-B funding round led by Dubai-based venture capital (VC) firm BECO Capital. The startup…

How introduction from VC helped Zelda Learning land R500k in angel funding

An introduction from SA venture capitalist Andrea Bohmert has helped the founders of Cape Town edtech startup Zelda Learning secure the startup’s first angel round…

Gray Matters Capital’s GMC coLABS invests $250k in Nigeria’s SonoCare

US-based impact investor Gray Matters Capital has made a $250 000 investment in Nigerian healthtech startup SonoCare through GMC coLABS, its investment portfolio which aims to improve the lives of women….

Africa no Silicon Valley and other key takeaways from AESIS 2018 VC summit

Cape Town last week welcomed over 300 active and aspiring investors from Africa’s early stage investing ecosystem for last week’s two-day Africa Early Stage…

SA SME Fund in new mandate to invest over R1bn in black small firms, startups

SA’s long awaited SA SME Fund will invest just over R1-billion or 75% of its R1.4-billion in funds in black-owned small and medium-sized enterprises, including tech startups —…

Kalon Venture Partners, Compass Capital invested $500k in FinChatBot [Updated]

SA venture capital firm Kalon Venture Partners and Mauritius-based VC Compass Capital today revealed that the investment that the two made last week in SA financial services…

France’s Proparco to deploy €50m in Africa’s tech ecosystem from 2019 [Updated]

UPDATE: (16 November): An earlier version of this article stated that Proparco will deploy the €50-million in 2019. Proparco communication’s adviser Romain Esperon subsequently clarified to Ventureburn…

Kenya’s Twiga Foods secures $10m investment from IFC, TLcom

Kenyan mobile-based B2B distribution platform Twiga Foods has secured a $10-million investment from the International Finance Corporation (IFC), venture capital firm TLcom and the Global Agriculture and Food Security…

BREAKING: French media group Trace acquires stake in Senegal’s CoinAfrique

Paris-based media group Trace today (14 November) announced that it has acquired an undisclosed stake in Senegalese mobile classified platform CoinAfrique. Today’s announced deal…

SweepSouth wins best small business category at Savca Industry Awards

On demand cleaning service SweepSouth has won the Best Small Company category at the inaugural Southern African Venture Capital and Private Equity Association (Savca) Industry Awards, which…

When it comes to impact investing, integrity is a two-way street [Opinion]

After six months of cultivating Engineers Without Borders’s (EWB) East Africa venture portfolio, and engaging with upwards of 100 social entrepreneurs in Uganda and…

Silvertree move to take majority stakes in startups nets mixed view from founders [Updated]

SA investment company Silvertree Internet Holdings is buying up companies left, right and centre — ahead of a planned listing in 2023 — relegating…

Ghana’s CowTribe nets $300k from US foundation – it’s biggest investment yet

Ghanaian agritech startup CowTribe has secured a $300 000 investment from the US-based Draper Richards Kaplan Foundation. The startup made the announcement earlier today in…

Knife Capital invests in healthtech 5nines Technologies’ PharmaScout solution

SA venture capital (VC) fund Knife Capital announced today that it has made an undisclosed investment in Cape Town based healthtech firm 5nines Technologies…

Productivity On A Large Screen

Everlytic Launches Cutting-Edge AI Studio with WhatsApp Chatbots for Smarter Communication

Everlytic’s new API Communicator feature enhances customer engagement across multiple channels

Savant Launches Savant Build Cohort 3 to Accelerate Deep-Tech Innovation in the Green Economy

Simplicity at scale: The role of leadership in agile transformation

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

Nio Firefly brings Galaxy design to compact EVs

Google Cast and other Christmas goodies for Rivian

GM switches-off Cruise control on $10bn robotaxi project