Venture capital

Kingson Capital grows SA VC fund to over R1.4bn with additional capital

Durban based venture capital (VC) company Kingson Capital yesterday announced that it had raised an additional amount in capital from US investors, to bring its $30-million…

Nigerian digital bank Kuda raises $1.6m in pre-seed round

Kuda, a digital bank that operates in Nigeria, has closed a $1.6-million in a pre-seed round. The startup, which was founded last year by…

Cairo-based medical tourism startup Doctoorum raises investment from Numu Capital

Cairo-based medical tourism marketplace Doctoorum has secured an investment from Dubai seed fund Numu Capital. The startup was founded last year by Yemeni entrepreneur…

‘Egypt’s central bank to launch over $50m fintech fund’

The Central Bank of Egypt (CBE) is reportedly planning to launch a $50-million to $100-million fintech fund by early next year. So, says Egypt’s…

Vunani Capital invests seed capital in SnapnSave ahead of planned Series-A round

Vunani Capital, a pan-African diversified financial services group, today announced that it had concluded an investment in SA startup SnapnSave through its Vunani Fintech Fund. SnapnSave’s app…

Former Springleap MD’s startup BigTeam raises investment from Mailchimp

Trevor Wolfe, the former managing director of Springleap — whose former founder Eran Eyal is facing fraud charges in the US over misrepresenting the SA…

John Robbie show saved our bacon, helped net us millions in funding – SA man behind Fourex

Being featured on talk show host John Robbie’s radio show, helped save SA founder Oliver du Toit’s UK based startup Fourex and net the company millions or…

Savca announces inaugural industry awards in line with 20th anniversary

The Southern African Venture Capital and Private Equity Association (Savca) has announced the launch of the inaugural Savca Industry Awards. The annual sector accolades…

With Zuma gone, investor interest has picked up say local venture capitalists

Investor interest in placing money in venture capital funds has picked up since the resignation last month of Jacob Zuma as president and the swearing in of Cyril…

A new paradigm for scaling early stage impact investing in SA

The world is facing diminishing natural resources, a growing population and an increasing economic inequality. But impact investing can help solve these issues. Impact investing…

How to access Goodwell’s €20m fund for African startups

Amsterdam-based impact investor Goodwell Investments last month announced that it had raised €20-million to invest in high-growth African startups. Do you fit the bill and want to…

SA fintech wiGroup secures funding from Virgin, Smollan to boost global expansion

Cape Town based mobile software firm wiGroup has secured investment from the Virgin Group and retail solutions provider Smollan to fast-track its entry into emerging and developed…

Capital flight talk over says Grovest man on launch of R200m Metta Capital fund

The talk of “capital flight” from South Africa has come to an end, believes venture capitalist Jeff Miller, following the launch yesterday of Metta Capital, the first…

Partech Ventures announces launch of Africa fund, having secured €57m so far

Silicon Valley fund Partech Ventures has announced the launch of its Partech Africa fund, which has secured over €57-million commitments so far. In a press…

Joburg duo to take on big boys in calcium carbonate sector with IDC VC funding

Entrepreneurs Zane Abrahams and Mark Anthony Appollos are taking on the big boys. The two plan to give an established calcium carbonate player a run for…

Over a year on, when will big companies’ SA SME Fund get going? [Opinion]

South Africa’s private sector loves to lament how poor the government’s support has been for small business — but it seems, business owners shouldn’t expect much either…

Funding your startup: Ventureburn lists the SA investors delivering [2019 update]

For entrepreneurs wanting to find early-stage funding, this is the article for you. As there is generally a veil of secrecy surrounding funding and…

Here are the SA tech startup acquisitions that were concluded in 2017

This year saw one of the biggest acquisition deals for a South African tech startup — when US listed company 2U bought Getsmarter for…

Clifftop Ventures grants new equity draw down facility of R4m to iono.fm

Clifftop Ventures, the venture investment arm of financial firm Clifftop Colony, has increased its Equity Capital Drawdown Facility (ECDF) facility for online audio services company…

Cape Town startup Digemy inks deal with pharma company after R2m funding

Cape Town Startup Digemy has signed an international pharmaceutical company as a client for their white label training app, the startup’s co-founder and CEO Kobus…

P2P storage-space platform Sxuirrel secures R2.4m in seed funding

SA startup Sxuirrel has secured R2.4-million in seed funding from an undisclosed investor. The startup — which is based at Stellenbosch incubator Launchlab where founders Michael John…

I believe South Africa will sort itself out, says UK angel invested in country

While many other investors may have been frightened off by South Africa’s unstable economic and political environment, UK angel investor Kevin Gaskell says he believes…

Travelstart acquires majority stake in accommodation site SafariNow.com

SA travel booking company Travelstart today announced that it has bought a majority stake in Cape Town-based SafariNow.com — South Africa’s largest accommodation booking website. Travelstart…

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