Venture capital

We’ve netted $150k from VC fund, reveals SA-born founder behind SpeechKit

An SA-born man is behind a US registered startup that has landed $150 000 from US venture capital (VC) fund, Newark Venture Partners. The…

Khula set to launch agritech platform to public, after netting undisclosed investment

Johannesburg-based agritech startup Khula is preparing to open its marketplace that helps small-scale farmers to the public, early next year, after last month securing…

The tech sector in SA is still a hot place to be [Opinion]

South Africa’s economic outlook may be gloomy, with annual growth forecast to barely past 1.5% over the next three years, but things are still…

Fintech My-iMali scores investment from Crossfin after crowdfunding campaign fails

SA fintech startup My-iMali has landed an undisclosed amount in investment from fintech investor Crossfin to grow its digital wallet platform. The raise follows the…

Kenyan agritech startup Farmshine raises $250k from Gray Matters Capital’s coLABS

Nairobi-based agritech startup Farmshine has secured a $250 000 investment from US impact investor Gray Matters Capital‘s gender lens sector agnostic portfolio GMC coLABS. Farmshine operates…

Jobs Fund renews partnership with tech firm A2Pay, committing R161m for project

SA tech company A2Pay has landed R161-million from The Jobs Fund, a R9-billion fund which is managed by The National Treasury. The debt funding…

Egyptian startup Wasla raises $1m for its incentivised mobile browser

Wasla, a Cairo-based startup that has developed an incentivised mobile browser that rewards users with free mobile internet has raised $1-million in seed funding….

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…

What investors should look for in a Section 12J VC company [Opinion]

In recent years the SA government identified small and medium-sized entities (SMEs) as a major contributor to future economic growth. One of the main…

Investors put R30m more in SA insurtech Naked after ‘strong first 6 months’

SA insurtech startup Naked has landed a further R30-million from its investors — private investment group Yellowwoods and insurance company Hollard — and plans to grow its…

Egyptian ride-hailing app Halan raises ‘multi-million’ dollar Series-A round

Egyptian startup Halan — Egypt and Sudan’s first motorcycle and tuktuk ride-hailing app — has announced that it landed an undisclosed Series A funding round from round co-led…

Why Shuttleworth investment failed – eight years on Red Five Labs man speaks

It was touted at its time as ground breaking technology, one that would enable mobile apps to run on all smartphones regardless of a handset’s operating…

It’s official: Cape Town healthtech startup is SA SME Fund’s first investment

Ventureburn can today confirm that a venture capital deal concluded by Cape Town based KNF Ventures earlier this month in SA healthtech firm 5nines Technologies has made…

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…

Enter Everlytic’s You Mailed It Email Marketing Awards today

Acer’s New Nitro AI Gaming Gear Is Here—But Is It Worth It for South Africans?

R19,000 for Bass? Sony Tests South Africa’s Audio Appetite

SA Business Confidence: Fintech Lula Sounds Alarm on SME Reality

Why MVNOs are gaining ground — and how Huge NXTGN is accelerating the shift

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

Gravity is a true driver’s EV SUV

L2 charging and the power of dwell time

Tires and tariffs