Venture capital

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…

Why the VC sector has taken off in Egypt in 2019

Earlier this week indoor advertising platform Adzily raised $12.2-million in funding from a Saudi investor in what’s likely the second biggest venture capital (VC) deal…

SA insurtech Solvency to launch ‘disruptive product’ in January after netting investment [Updated]

UPDATE (21 January 2020): Solvency this week launched its new insurance product. Founder Mutoda Mahamba said in a statement that while the product is…

Kenyan ecommerce firm Copia raises $26m for expansion across Africa

Nairobi-based consumer goods catalogue and delivery service Copia has raised a $26-million Series-B equity round led by UK-based impact investing initiative LGT Lightstone. Copia made…

Egyptian advertising platform Adzily raises $12.2m

Egyptian indoor advertising platform Adzily has raised a $12.2-million investment from Saudi investment firm Tharawat Holding Company. Adzily uses a network of digital display…

SA proptech HouseMe closes ‘multimillion rand’ round [Updated]

Cape Town based proptech startup HouseMe has closed a third round of multimillion-rand funding — valued at between “R10-million to R20-million”, the startup’s CEO…

Nigerian edtech startup uLesson closes over $3m seed round led by TLcom Capital

Nigerian edtech learning platform uLesson has closed a $3.1-million seed round led by London headquartered TLcom Capital. The startup was launched earlier this year…

Nigerian startup Edves secures $120k funding from Chinook Capital, CcHub fund

Lagos-based edtech startup Edves has announced that it has secured a $120 000 seed round from two Nigerian investors: Chinook Capital and Co-creation Hub’s…

Kenya’s Novastar Ventures to open Lagos office after raising $75.5m for new fund [Updated]

Nairobi-based venture fund Novastar Ventures has made the first close of its Novastar II fund with commitments of $72.5-million. The firm now plans to open an office in…

GTR Ventures announces investment in Africa-focused deals platform Orbitt

International investment platform GTR Ventures has announced an undisclosed investment in Africa-focused digital deal-sourcing platform Orbitt. In a statement on its website on Tuesday (30 October),…

French funder Investisseurs & Partenaires reveals stake it took in CoinAfrique, AMI

French impact investor group Investisseurs & Partenaires (I&P) — which last month announced the first investments in a new fund — has revealed the equity stakes it has…

AfricArena predicts funding raised by African startups in 2018 will crack $1bn

The amount of venture capital (VC) funding raised by African startups this year could for the first time exceed the $1-billion mark. So, predict the…

MFS Africa secures follow-on funding, bringing Series-B round to $14m

Johannesburg-based fintech company MFS Africa has closed a Series-B funding round led by China-based VC firm LUN Partners Group. The raise is an extension round to a $4.5-million round the…

Nigeria’s Microtraction announces investment into Lagos-based fintech Riby

Nigerian investment platform Microtraction has announced its seventh deal, with an undisclosed investment in Lagos-based fintech Riby. Microtraction’s principal investment officer Dayo Koleowo made the…

Local venture capitalist blames Silicon Valley for over valuation of SA startups

Over valuations are becoming increasingly prevalent among early-stage entrepreneurs in South Africa and Silicon Valley is to blame. So, says venture capitalist Clive Butkow of Kalon Venture…

Naspers to launch R1.4bn fund to back SA tech startups

SA investor Naspers has announced that it plans to next year launch a R1.4-billion (about $96-million) startup fund to boost the SA tech firms. The initiative…

Bank, local hub launch $1-million fund for Somalian startups

Mogadishu-based Premier Bank and Somalian business support organisation iRise Hub yesterday launched a $1-million fund aimed at backing the country’s startups. Premier Bank chairman…

GreenTec Capital Partners invests in Namibian computer manufacturer PEBL

Frankfurt-based venture capital (VC) firm GreenTec Capital Partners has invested an undisclosed amount in PEBL, a Windhoek-based startup that manufactures computer hardware. GreenTec Capital Partners announced…

Eight important lessons when raising venture capital [Opinion]

It is important for every entrepreneur to recognise that to raise venture capital (VC) is only one way to build and scale a business…

Uprise.Africa crowdfunding platform nets investment from Silicon Valley VC

SA equity crowdfunding platform Uprise.Africa has secured an undisclosed investment from Silicon Valley based venture capital (VC) firm Nexxus Ventures. In a statement yesterday (23 October), Uprise.Africa…

Egyptian startup HitchHiker secures $200k round from Dubai-based angels

Cairo-based peer-to-peer international shipping startup HitchHiker has announced that it has secured $200 000 in a round of funding led by Dubai based angel…

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…

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