Venture capital

Egypt’s Career 180 raises $100k in seed funding from EdVentures

Cairo-based career advising platform Career 180 has raised a $100 000 seed funding round from EdVentures, the venture capital (VC) arm of Egypt’s Nahdet Misr Publishing…

Tunisian fashion marketplace Dabchy raises $300k seed round

Tunisian peer-to-peer fashion marketplace Dabchy has raised a $300 000 seed round led by 500 Startups. Dabchy announced in a statement earlier today that Flat6Labs,…

SA had bumper VC year in 2018 with investments up 31% over 2017, reveals report

Venture capital (VC) had a bumper year in South Africa in 2018, with southern African VC funds having made investments of over R1.5-billion last year…

SA online shopping service Yebo Fresh secures funding from E4EAfrica founders

Cape Town based online shopping service Yebo Fresh has announced that it has secured investment from two SA based angel investors — Bas Hochstenbach…

Is spike in energy deals evidence that Section 12J funds are driving VC boom in SA?

Is a massive spike in energy deals last year evidence that a 2008 venture capital (VC) tax incentive is behind South Africa’s 31% increase…

Raising funding in Africa? Here are 12 venture capitalists you should know about

If you’re reading this, chances are you’re a tech startup founder who is looking to raise venture capital (VC) funding. The good news is…

Uprise.Africa mulling offers from four investors for R40m Reeva documentary campaign

Two filmmakers are sitting tight while equity crowdfunding platform Uprise.Africa conducts due diligence on investment offers from four investors to fund My Name is…

Uber Eats acquires SA founded tech firm orderTalk for undisclosed amount

Uber’s food delivery business Uber Eats has acquired SA tech company orderTalk from Knife Capital, the Cape Town based venture capital (VC) firm revealed today (23 May). OrderTalk provides…

Market readiness key when investing in startups – 4Di Capital founder [Q&A]

For a venture capital (VC) fund, finding the perfect investment comes down to not only things such as investing in the “perfect” founders with the…

Startups need at least 10x in 5 years to be good investment – VC, angel investors

Want to get investment from an angel or venture capital (VC) investor? You’re going to have be able to grow the valuation of your…

Sensor Networks nets new funding round of R13-million to expand IoT products

Just months after securing funding from 4Di Capital, Cape Town based Internet of Things (IoT) platform Sensor Networks has secured a further round of…

3 of 6 startups former Dimension Data head has invested in headed by Saffers [Updated]

Former Dimension Data head Brett Dawson revealed today that he has invested in six startups, and has formed Campan, an investment company. Three of the startups…

Private equity fund Africinvest to launch VC fund targeting startups on continent

Tunisia-based private equity fund AfricInvest is busy raising funds to launch a €120-million fund to invest in innovative new ventures across the continent, a…

‘$8.6m Series A round well timed as Africa’s Talking was looking at expansion’

Africa’s Talking Series A $8.6-million funding round led by IFC Venture Capital was the startup’s first major round of investment and came just as…

How MFS Africa made history for African fintechs with $4.5m Chinese-led deal

Johannesburg-based company MFS Africa made history earlier this month when it became one of the first African fintechs to secure funding from a Chinese-based venture capital (VC)…

Egyptian startup La Reina raises $1m from Algebra Ventures, 500 Startups

Egyptian startup La Reina — an online platform for rental couture — has closed a $1-million deal in a Series A funding round led by Egypt’s largest venture…

Fourth time lucky for founder of SkillUp as startup nets Knife Capital funding

Fourth time lucky. That’s probably how Matthew Henshall would describe his current startup — SkillUp. The Cape Town based edtech company has just received an undisclosed…

‘Investor’s share in Giraffe funding round valued at R10m to R20m’ [Updated]

SA startup Giraffe announced today that it has closed a second funding round, with a lead investor participating in the round revealing that its own share of…

Savca raises concern over governance issues in Section 12J VC tax incentive

The Southern African Venture Capital and Private Equity Association (Savca) has raised concern that governance issues could emerge in some venture capital companies approved…

‘Tanzania must introduce tax incentives, policy change to spur VC investment’

Ahead of next month’s launch of Tanzania’s first angel investors network, a top venture capitalist has called for the government to make a number…

Venture capitalists welcome Section 12J proposals but call for more changes

Venture capitalists have welcomed The National Treasury plan’s to amend a venture capital tax incentive, but want further amendments to be made. The VC tax incentive falls under Section…

How Knife Capital once turned down JoJo Tanks because VC ‘didn’t see use case’

With Cape Town in the grip of its worst drought in living memory JoJo Tanks has been catapulted into an overnight success story, and can barely…

DataProphet secures ‘multi-million dollar’ funding from Knife Capital

Cape Town-based machine learning startup DataProphet has secured a “multi-million dollar” funding round from venture capital firm Knife Capital. Speaking with Ventureburn, DataProphet co-founder…

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

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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