Venture capital

Kenyan startup Twiga Foods closes $30m Series-B round

Nairobi-based mobile-based B2B distribution platform Twiga Foods announced today that it has secured almost $30-million in a new round led by Goldman Sachs. It follows the $5-million…

SA startup DentX raises R1m for vehicle repair pricing platform

SA startup DentX has raised R1-million from angel investors Frederik Gerner and Bas Hochstenbach — founders of the entrepreneurial investor team E4EAfrica. DentX helps…

‘SA SME Fund set to be among country’s biggest institutional investors by year end’

South Africa’s R1.4-billion SA SME Fund has thus far approved R1-billion for investment in a number of funds that will lend to small businesses…

Kenya’s BitPesa announces it’s rebranded, secured $15m in debt finance

Nairobi-based fintech BitPesa announced today that it had rebranded to become AZA Group and had secured $15-million in debt financing from South Africa’s the…

Abu Dhabi’s Mubadala to invest $250m in MENA startups

Mubadala, the Abu Dhabi government’s investment company has announced that it will invest a total of $250-million in startups from the Middle East and…

PEG Africa secures $4m in debt capital to expand operations in Senegal

Accra-based pay-as-you-go solar company PEG Africa has secured $4-million in debt capital from a $15-million multi-currency facility led by UK development finance institution CDC Group. The…

Silvertree Holdings no longer just a tech investor after rebrand, new investment

The internet is not the only place to find good businesses to invest in, even for a tech investor, as Silvertree Holdings hopes to…

Kenyan B2B ecommerce platform Sokowatch raises $2m in seed funding

Nairobi based B2B ecommerce platform Sokowatch has reportedly raised $2-million in a seed round led by Africa-focused early stage venture firm 4Dx Ventures. The investment was first reported by…

Silicon Valley VC model doesn’t work in Africa, argues Silvertree Holdings man

The Silicon Valley venture capital (VC) model doesn’t work in Africa and other emerging markets, argues Manuel Koser, the managing director and co-founder of…

SA fintech JUMO secures first two commitments in new funding round

SA fintech JUMO has secured equity funding from French development agency Proparco and Finnish development finance company Finnfund — the first commitments to a new funding round, the startup’s founder Andrew Watkins-Ball…

SA startup Aerobotics secures funding round from Nedbank VC fund [Updated]

Local corporate and investment bank Nedbank has invested an undisclosed amount in Cape Town based aerial data-analytics startup Aerobotics. The bank was the lead…

Here’s how startups that assist African women can tap $250k in funding

Think you startup has the potential to “dramatically improve” the lives of women and girls in Africa? Then you could stand a chance to…

DEMO Ventures reveals five countries its new $100m fund for startups will target

Egypt, Ghana, Kenya, Nigeria and South Africa. These are the five countries that a new $100-million fund — to be launched in October by DEMO Ventures…

US impact investor invests $250k in Ghanaian startup Redbird Health Tech

US impact investor Gray Matters Capital has invested up “to $250 000” in Ghanaian medical diagnostics startup Redbird Health Tech. Gray Matters Capital announced the…

SA web platform Virtual Actuary turns down bid from major insurance firm

Things are hotting up for SA web platform Virtual Actuary, which allows actuaries to collaborate on projects without the need for expensive offices. The startup last week turned…

Weetracker African VC report raises questions on definition of tech startups

Did the first half of 2018 really see African startups net over $168-million in 118 disclosed deals, as a new report claims? The African startups and VC ecosystem report released this…

Y Combinator opens applications for Winter 2019 funding cycle

Looking for up to $120k in investment? US seed accelerator Y Combinator (YC) has opened applications for its winter 2019 funding cycle. Interested startups have until…

Kenyan supply platform Twiga Foods set to secure up to $7m from IFC, TLCom

Kenyan mobile-based B2B distribution platform Twiga Foods is set to secure up to $7-million from the World Bank Group’s International Finance Corporation (IFC) and venture capital firm TLCom…

Five SA angel investors you want to meet

If you’re a startup and you need money the chances are you are going to look to friends and relatives for help. Or you could…

Nigerian logistics startup Kobo360 closes $1.2m seed round

Nigerian logistics startup Kobo360 has raised $1.2-million in a seed round led by US venture capital firm Western Technology Investment. The startup, which was…

VC4A in search for eight high-growth startups to showcase at investor summit

Venture Capital For Africa (VC4A) is calling on disruptive African scale-ups that are looking to raise Series A funding of between $250 000 and $5-million…

Meet Quickloc8: from zero to an MVP demonstrator using R470k TIA grant [Updated]

Correction (12 June 2019): In the initial version of this article we reported that Quickloc8 received a R650 000 grant from the Technology Innovation…

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