Venture capital

Kenyan logistics marketplace Bwala Africa looking to raise up to $8m in Series-A round

Nairobi-based last mile logistics startup Bwala Africa has secured a deal with an undisclosed European tech firm to develop a new tech platform for…

Savca appoints two new board members amid industry growth

The Southern African Venture Capital and Private Equity Association (Savca) has appointed two new directors and reappointed one existing director to its board. Savca…

Savca selects 13 participants for fund manager development programme

The Southern African Private Equity and Venture Capital Association (Savca) has selected 13 women and black fund managers for its Fund Manager Development Programme (FMDP)….

Newly launched Med Angels aims to tackle region’s gap in seed funding

A newly launched angel investor network aims to tackle the gap in seed funding in the Mediterranean region, which encompasses North Africa. So, says…

SA startup Sentian raises funding to help expand market for its IoT security device

Cape Town based startup Sentian — which develops smart security technology products — has announced that it has secured a round of funding from…

BECO Capital closes $100m MENA-focused tech startup fund

Dubai-based early-stage venture capital (VC) firm BECO Capital has announced it has closed a capital raise for a $100-million Middle East and North Africa…

IFC invests $1m in Flat6Labs Tunisia’s Anava Seed Fund to support women entrepreneurs

The World Bank’s International Finance Corporation (IFC) has announced that it is investing $1-million in Flat6Labs Tunisia’s Anava Seed Fund. IFC said in a…

SA crowdfunding site The People’s Fund in first payout of R43k to 42 investors

Ten months after launching, Johannesburg based crowdfunding platform The People’s Fund has made its first payout of R43 800 to 42 investors who earlier this year…

Lumkani to extend coverage in Joburg, expand team after closing seed round

Cape Town-based startup Lumkani is set to service more communities in Johannesburg, this after it announced yesterday (7 June) that it had closed a seed…

Fifth Africa VC summit to kick off Global Entrepreneurship Week in Cape Town

The fifth edition of the Africa Early Stage Investor Summit (AESIS 2018) will kick off Global Entrepreneurship Week in Cape Town this year, organisers…

Here are 4 things Kalon Venture Partners looks for when picking startups [Q&A]

Disruptive technology that is 12 months ahead of the competition. A proven product. A large addressable market. The best team on the planet. These are…

EXCLUSIVE: SA SME Fund CEO’s stepping down was ‘amicable’ says fund official

The head of the SA SME Fund Quinton Dicks has parted ways “amicably” with the fund, a right-hand official of Discovery CEO Adrian Gore who initiated…

SA incubator Savant in process of raising funding for 11 tech companies [Q&A]

Cape Town tech incubator Savant is busy raising funding for four of the 16 technology related companies in its portfolio — while pursuing second-round funding for another nine, the incubator’s…

Sometimes startup just hits right market at right time – Angelhub man [Q&A]

The difference between a well performing and poorly performing investment often comes down to three things, says Angelhub Ventures lead partner Brett Commaille. For…

‘Playing patient investor, Omidyar has not made many exits from $1.3bn portfolio’ [Updated]

Philanthropic impact investor Omidyar Network has invested close to $1.3-billion* in non-profit and for-profit ventures globally since it was founded in 2004 by eBay founder Pierre…

‘$1.1m funding will help Piggybank.ng to capitalise on opportunities’

Automated savings platform Piggybank.ng‘s latest round of $1.1-million seed funding will allow the Nigerian startup to “expand and capitalise on the many opportunities that the…

First Uber partnership, now Aura secures first R2m from HAVAÍC in equity raise

Days after concluding a deal with ride-hailing company Uber, Joburg-based startup Aura announced today that it has secured the first R2-million in a R6-million equity…

Knowledge, networks, funding: what’s behind VC that set up Uber exit [Q&A]

It’s just days after arguably the biggest deal so far this year — Cape Town founded company orderTalk’s exit to Uber Eats. Many may be…

HAVAÍC holds onto five investments despite two offers, says Ian Lessem [Q&A]

While Cape Town venture capital (VC) company HAVAÍC has yet to exit any of its five portfolio investments, it has had two opportunities to do so since…

Jozi Angels wants R8m return from R400k invested per startup [Q&A]

So, your startup is looking for money then? If you head to angel investment network Jozi Angels make sure you can within seven years, generate return…

Three reasons why Uber acquisition of SA grown orderTalk is so big a deal [Updated]

Uber’s food delivery business Uber Eats has acquired tech company orderTalk, which was once headquartered as a startup in Cape Town, South Africa. Here’s why it’s such…

Nigerian fintech Lidya raises $6.9m in Series-A round led by Omidyar Network [Updated]

Nigerian fintech startup Lidya has announced that it has raised $6.9-million in a Series A round led by Silicon Valley-based philanthropic investment firm Omidyar…

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…

MTN Clinches SA’s Best Network Title Again – Backed by Data and R14bn Infrastructure Push

Xiaomi’s “Screens for Change” Powers Township Esports With Purpose and Mandela’s Legacy

SAVCA 2025 Industry Awards Spotlight Africa’s Most Ambitious Private Capital-Backed Innovators

Ecentric and MoneyBadger Partner to Bring Bitcoin Payments to South African Retailers

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