Venture capital

Egyptian traveltech startup Tripdizer to invest $300k seed round in tech, building brand

Cairo-based traveltech startup Tripdizer plans to invest the $300 000 seed round it announced that it had raised last week, on developing its platform…

SMEs, investors to lose out with new threshold and changes to Section 12J [Opinion]

In the past financial year South Africa’s Section 12J investment class didn’t only attract the attention of SA taxpayers — who were looking to…

New York VC Modus Capital launches $75m MENA fund

New York based venture capital firm Modus Capital has launched a $75-million Middle East and North Africa (MENA) focused fund. The firm said in…

Fintech ProfitShare Partners secures R25m capital line from Vumela Fund

Johannesburg-based fintech ProfitShare Partners has secured a R25-million capital line from the Edge Growth Ventures-managed Vumela Fund. ProfitShare Partners, which was founded in 2017…

SA’s Hlayisani Growth Fund mulling 12 deals after having invested R200m so far

Hlayisani Growth Fund, a SA fund that aims to make later-stage investments in African small and medium-sized enterprises (SMEs), is mulling 12 potential new…

MENA focused VC fund Iliad Partners team up with Mexico’s Angel Ventures

Latin American venture capital (VC) firm Angel Ventures and Middle East and North Africa (MENA) focused VC Iliad Partners have launched a new global…

AlphaCode awards SA proptech startup Jamii Cities R450k grant

Johannesburg-based proptech startup Jamii Cities has been awarded a R450 000 grant by Rand Merchant Investment Holdings’ (RMI) fintech incubator AlphaCode. Jamii Cities connects tenants…

L’Oréal makes undisclosed investment into Partech Africa fund

French cosmetics giant L’Oréal has made an undisclosed investment into Paris-based global venture capital firm Partech‘s Africa fund. In a statement last Friday (21 September), L’Oréal executive…

Prodigy Finance raises over R14bn in new debt financing round

UK-based fintech Prodigy Finance — founded by SA entrepreneur Cameron Stevens — announced today that it has raised R14.39-billion in the last 12 months in debt…

Egyptian healthtech Vezeeta raises $12m in Series-C round led by Riyadh VC STV

Egyptian healthtech startup Vezeeta has closed a $12-million Series C funding round led by Riyadh-based venture capital fund Saudi Technology Ventures (STV). At least three…

Tunisian robotics startup Enova Robotics raises $1.6-million from Capsa Capital

Tunisian robotics startup Enova Robotics has raised $1.6-million from Tunis-based investment firm Capsa Capital. In a phone call with Ventureburn today (18 September) Enova…

SA fintech JUMO closes $52m round led by Goldman Sachs

SA fintech JUMO today announced the close of an equity funding round of $52-million led by Goldman Sachs. Also participating in the round were Proparco, the…

Moroccan healthtech DabaDoc secures undisclosed investment from top insurer

Moroccan healtech DabaDoc — allows users to locate and make appointments with doctors online — has secured an undisclosed investment from the startup’s first institutional…

Why I invest in teams over single founders – venture capitalist [Q&A]

You have a great idea, now you want to get funding for your startup. Do VCs prefer investing in teams or in single founder…

Investec, Crossfin concludes Series-A round with SA chatbot service Atura

Atura, an automated chatbot for asset management companies, has landed an undisclosed Series-A investment from Blue Garnet Ventures, an investment company that counts Investec and local…

Southern African VC sector invested over R1bn in 2017 reveals Savca report [Updated]

Southern African venture capital (VC) funds invested over R1-billion in startups and early-stage companies last year. This, while the number of reported South African VC…

Nigerian fintech Paga raises $10m in round led by Global Innovation Fund

Nigerian mobile payments company Paga has raised $10-million in a Series-B funding round led by London-based Global Innovation Fund. Impact investors Goodwell Investments, Unreasonable Capital and Omidyar…

SA fintech Yoco raises whopping $16m in Series-B round led by Partech

In what is arguably one of the biggest venture capital deals announced so far this year in South Africa, SA point of sale payments…

Five South African fintech dealmakers your startup should meet

Fintech is one of the fastest growing startup sectors in the world. A number of SA startups have secured multi-million rand investments of late,…

Ventures Platform backs healthtech startup MDaaS with $100k investment

Nigerian venture capital (VC) firm Ventures Platform has invested $100 000 into Lagos-based healthtech startup MDaaS Global. Ventures Platform founder and CEO Kola Aina announced the…

Goodwell launches new Africa-focused €20m fund aimed at inclusive economy

Dutch impact investor Goodwell Investments has announced that it has launched Goodwell IV, a €20-million fund for investments in the inclusive economy in Sub-Saharan Africa. In a statement…

Kenyan logistics startup Bwala Africa Group secures over $200k in funding

Nairobi-based last-mile logistics startup Bwala Africa Group has secured a loan of 24-million Kenyan Shillings ($238 000) from Kenyan bank CFC Stanbic. The startup, which launched…

Nigerian ISP startup Tizeti closes $3m Series A round led by 4DX Ventures

Lagos-based ISP startup Tizeti, and its Wifi.com.ng service, has closed a $3-million Series-A round led by 4DX Ventures. Tizeti builds and operates solar-powered towers while also…

How VR Meditation Apps Like Realms of Flow and Others Are Redefining Our Connection with Reality

Transforming Healthcare in Africa with Technology

How forex trading is transforming startup investment strategies

How One Energy Project Could Reshape Climate Action

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

German luxury cars require a rethink for China

Trump wins – Tesla goes beyond $1 Trillion

Vivo update – a big safety gain