Venture capital

Xecced Ventures to invest in African startups through $100m Industry 4.0 fund

Is your startup building solutions for the Fourth Industrial Revolution and looking for funding? London-based venture capital (VC) firm Xecced Ventures is looking to…

Naspers Foundry calls on VC firms to help co-invest in SA tech startups

Naspers has called on venture capital (VC) firms to approach the tech company to co-invest with its over R1.4-billion startup funding initiative Naspers Foundry….

Smaller Section 12J funds will struggle to raise investor capital with new changes [Opinion]

National Treasury appears certain to retain changes to the Section 12J tax incentive, which allows South Africans to write off 100% of the investment…

Microtraction invests in Nigerian online marketing platform Termii

Lagos-based early-stage investor Microtraction has revealed that it has invested in Nigerian online marketing platform Termii. Microtraction, which announced the deal yesterday in a…

EIB to raise €1bn to invest in digital solutions, financial products for girls, women

The European Investment Bank’s (EIB) new SheInvest initiative aims to raise €1-billion to invest in innovative digital solutions and financial products in Africa for…

RMI’s AlphaCode takes 25.1% stake in healthtech Guidepost

Rand Merchant Investments (RMI), through its fintech investment arm, AlphaCode, announced today that it had taken a 25.1% stake in SA healthtech platform Guidepost….

Nigeria’s Interswitch becomes Africa’s latest unicorn after Visa acquires minority stake

US payments technology corporation Visa has acquired a minority stake in Lagos-based digital payments firm Interswitch Group at a valuation of $1-billion, effectively making…

German-based VC GreenTec Capital Partners to open office in Lagos

Frankfurt-based venture capital (VC) firm GreenTec Capital Partners has announced that it will expand its footprint in West Africa by opening an office in…

Sonic Ventures launches R1.5-billion fund to back high-growth tech companies

Sonic Ventures, a Cape Town based investment company that plans to target early-stage tech companies, yesterday (19 October) launched a R1.5-billion fund that plans…

Hardware technology incubator Savant looking at setting up venture fund

Cape Town based hardware tech incubator Savant is considering setting up a venture fund which will likely be launched next year in the first quarter,…

Yellowwoods funding will gives us at least three years of runway – Simply founder

The recent investment into insurtech Simply Financial Services by investment group Yellowwoods will give the startup “at least three years of runway” says the startup’s CEO Anthony…

Nigerian rewards platform Thank U Cash secures funding from Ventures Platform

Lagos-based venture capital (VC) firm Ventures Platform has invested an undisclosed amount in Nigerian rewards platform Thank U Cash. Ventures Platform founding partner Kola Aina announced the…

SA insurance platform Click2Sure secures investment from Greenlight Re

Cape Town based digital insurance platform Click2Sure has secured an undisclosed investment from Greenlight Capital Re, a Cayman Islands based reinsurance company. In a statement today (17 October),…

US-based Nigerian fintech Flutterwave closes $10m Series-A extension round

US-based Nigerian fintech startup Flutterwave has closed a $10-million Series-A extension round bringing the total amount the startup has raised since its launch two…

HAVAÍC acquires 10% stake in SA real-estate portal Instant Property

Cape Town based venture capital (VC) company Havaíc has acquired a 10% equity stake in commercial real-estate portal Instant Property. In a statement yesterday (15…

Crossfin acquires majority stake in payment solutions company Crossgate [Updated]

Cape Town based fintech holding company Crossfin has acquired a majority stake in SA payment solutions company Crossgate for an undisclosed amount. The deal, which…

SA startup The Sun Exchange announces $500k investment from Alphabit [Updated]

SA startup The Sun Exchange, a blockchain-based solar micro-leasing marketplace, announced today that it had received a $500,000 seed investment from Alphabit, a multi-million-dollar US…

Nigeria’s Microtraction announces its sixth deal, with cloud accounting startup

Lagos-based investment platform Microtraction has announced that it has invested in cloud accounting startup Accounteer — bringing the investor’s portfolio to six startups. While Microtraction did…

Here are the eight startups that will pitch for Series-A funding at VC4A summit

African startup funding platform VC4A has selected eight startups that it will showcase at next month’s Africa Early Stage Investor Summit in Cape Town. The eight…

VC association Savca appoints new directors to fill two vacancies

The Southern African Venture Capital and Private Equity Association (Savca) announced the appointment yesterday of two new directors, as well as the re-appointment of…

Egypt’s iCommunity raises $600k from Algebra Ventures in Series-A round

Cairo-based community management platform iCommunity has raised $600 000 from Egyptian VC firm Algebra Ventures in a Series-A funding round. The startup — which was…

What really is the secret to getting a VC deal? [Opinion]

Most entrepreneurs dream of that moment when they get to send out that press release announcing they have struck a venture capital (VC) funding…

Y Combinator increases deal size to $150k, adds investment contract types

US seed accelerator Y Combinator (YC) has increased its standard deal size of the investments it makes, from $120 000 to $150 000, while keeping its…

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