Venture capital

Huge funding boost for e-commerce platform Rentoza

South African on-demand subscription platform Rentoza is set for accelerated growth following a R20 million funding boost from the MIC Khulisani Ventures fund. Rentoza…

E-commerce start-up Shopstar secures third funding round

South African e-commerce platform Shopstar has announced that it has secured third-round funding from Launch Africa Ventures, signalling the next phase in its strategy…

Naspers invests $2.5m. in fresh produce start-up Nile

Naspers, through its early-stage tech investment vehicle Naspers Foundry, announced $2.5 million investment in Nile, an agritech company that connects farmers to buyers of…

Shein’s breakneck growth slows, testing $100bn. valuation

Shein, the Chinese fast fashion giant that’s quickly become the third-most valuable startup in the world, is seeing a reality check with sales growth…

AfricArena honours 5 start-ups at Dakar summit

No less than five African start-ups now have a shot at participating in AfricArena’s most sought-after tech summit in November. The winners – mostly…

Boost for investment skills of local capital providers in Africa

Ten fund managers active in Africa’s tech space have been selected from across the continent for the LAUNCH Capital Provider Fellowship Programme. Facilitated by…

African B2B marketplace Kwely banks $1 million in seed round

Kwely, an Africa-based B2B marketplace, has raised closed to $1 million seed round funding. This, says the company, enables it to “redefine the perception…

Egypt’s YFS raises $7M in Series A funding

Yalla Fel Sekka (YFS), the Egyptian on-demand logistics provider specialising in instant delivery and dark store management, has raised $7 million in a Series…

Docklands Ventures acquires SA parking startup, ParkUpp

South African parking startup, ParkUpp, has been acquired by real estate investment company Docklands Ventures, owned by ex-JLL Chairman for Sub-saharan Africa, Mark Bradford….

Kenyan healthtech startup, Afya Rekod, raises $2M in seed funding

Kenyan based healthtech startup, Afya Rekod, has raised $2 million (R30 608 600,00) in seed funding. The round was led by Mac Venture Capital, a…

CompariSure raises R15M in Pre-Series A round lead by local VC firms

South African startup, CompariSure, has raised R15 million ($980 000) from Cape Town based HAVAÍC and 4Di in a Pre-Series A funding round lead…

South African fintech raises R47M funding in Series A

TallOrder, the South African fintech developer of cloud-based point of sale (POS) solutions for the small and medium-sized enterprise (SME) market, has raised R47m…

South African HR software startup, Wamly, secures second round investment

Wamly, the video interview software startup founded by Francois de Wet in 2018, has secured a 2nd round investment from South African venture capital…

Partech launches accelerator to help European startups expand to Africa

Paris-based tech investment firm Partech has launched Chapter54, an accelerator programme to support European startups wanting to expand into Africa, via its innovation division,…

Sengalese logistics company, PAPS, raises $4.5M in Series A funding

Many global companies like Amazon, Alibaba and JD have built massive companies by leveraging strong logistics infrastructure. The biggest problem for many companies, especially…

Kenyan fintech secures $1M in seed funding, eyes expansion

Zanifu, the Kenyan fintech that enables access to working capital for Micro, Small & Medium Enterprises (MSMEs) by providing short-term stock financing, has secured…

Carry1st funding round brings a16z investment to Africa

Africa’s leading mobile games publisher Carry1st announced a $20 million Series A extension that drew participation from Andreesen Horowitz (a16z), Avenir and Google. Grammy…

Ivory Coast based e-commerce startup ANKA, formerly Afrikrea, raises US$6.2M in pre-Series A

Ivory Coast based e-commerce platform Afrikrea has rebranded to ANKA while successfully completing a US$6.2M pre-Series A round led by Investisseurs & Partenaires. The…

[Opinion] Five values investors are looking for in 2022

Africa saw a lot of investment activity at the close of 2021, but all the millions in funding seemed to coalesce around five trends…

African entrepreneurs can now apply for $5000 seed capital

African entrepreneurs with business ideas or existing businesses under 5 years, are encouraged to apply now for $5000 seed capital, mentorship, business management training…

Five South African Venture Capital firms to watch in 2022

While crypto assets will continue to dominate the headlines, these VCs have laid a solid foundation for growing businesses that will transform society. Naspers…

SAVCA findings: How Venture Capital can solve unemployment

South Africa’s unemployment figures are among the highest in the world and this inequity means many people live in poverty. Venture Capital may be…

Productivity On A Large Screen

Everlytic Launches Cutting-Edge AI Studio with WhatsApp Chatbots for Smarter Communication

Everlytic’s new API Communicator feature enhances customer engagement across multiple channels

Savant Launches Savant Build Cohort 3 to Accelerate Deep-Tech Innovation in the Green Economy

Simplicity at scale: The role of leadership in agile transformation

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

GM switches-off Cruise control on $10bn robotaxi project

CHARGE taking EVs off-grid in the North West

eActros 300 and Zimi Charge creates EV win for Bakers