Venture capital

An empty shell 3 years ago, Binu has since raised over R100m

Three years ago Gour Lentell was staring at an empty shell of a company. After eight years the money had run out and he’d…

Tinder parent company Match Group acquires Egypt’s Harmonica

US online dating services provider Match Group has acquired Egyptian matchmaking app Harmonica. Harmonica — which announced the acquisition in a statement earlier today…

Egyptian fintech MoneyFellows has raised over $1m

MoneyFellows, a Cairo-based collaborative group lending and savings platform, has raised over $1-million in a pre-Series-A funding round. Tech publication Menabytes reported in an…

Unclear when Mauritius will introduce planned crowdfunding regulations [Updated]

UPDATE (7 August 2019): Paul Perrier, the co-founder of Mauritian based crowdlending platform Fundkiss told Ventureburn in a call today that the new regulations had been…

$50m Lateral Capital to review 1000 possible deals a year to back six investments

Lateral Capital, a $50-million Africa-focused venture fund plans to sift through 1000 potential deals a year to invest in six of these, says co-founder and…

Kenya’s Sokowatch expands to Uganda, Rwanda after $2.5m seed round

Nairobi based B2B ecommerce platform Sokowatch has expanded to Rwanda and Uganda after it secured a $2.5-million tranche of seed funding in February. Sokowatch — which…

Blue Label Ventures acquires 26% stake in sports analysis firm Mobii Systems [Updated]

Blue Label Ventures — the venture capital arm of SA listed Blue Label Telecoms — has acquired a 26% stake in a Mobii Systems, a…

Finfind initiative to link SA lenders with entrepreneurs seeking finance

SA banks and lenders may soon be able to use a finance-matching platform to source entrepreneurs looking for finance, if a new initiative piloted…

Geeks on a Plane dinner details SA startup ecosystem

The Geeks on a Plane (GOAP) dinner hosted by Wesgro and Silicon Cape provided many insights into the investment landscape in SA and Africa….

‘Shortage of VC funding, not of black entrepreneurs’

The US has no shortage of black entrepreneurs. The shortage rather is one of funding for black entrepreneurs, says Monique Woodard of 500 Startups. Woodard, speaking…

KNF Ventures announces investment in online ticket platform Quicket

Section 12J venture capital firm KNF Ventures has announced an undisclosed investment to acquire a meaningful minority equate stake in online ticketing service Quicket. The…

HAVAIC to advise Healthcent before investment round

South African VC HAVAIC has announced it will advise Healthcent before its first capital raising initiative. Healthcent’s app, Signapps, is a secure communication solution for…

Algebra: VC tech fund in Egypt hits $40m mark

A new tech VC fund by Algebra Ventures has completed a US$40-million first closing. Algebra claims that it’s the largest tech VC fund in…

Akiba wins Seedstars World Kampala, off to finals

Innovative finance firm Akiba has emerged victorious at Seedstars World Kampala, taking the golden ticket to the final in Switzerland. The Kampala event, which took place at the…

SAVCA gets three new board members

The South African Venture Capital and Private Equity Association (SAVCA) has acquired three new board members after their Annual General Meeting (AGM) held in…

Custos Media Technologies sign R5.9-million funding agreement with TIA

Technology Innovation Agency (TIA) has concluded a R5.9-million investment agreement with anti-piracy company, Custos Media Technologies. The two-year agreement was brought forth after Custos…

2015 was a record year for private equity investments in South Africa

If you ask South African startup founders what their biggest bug-bear is, the majority will tell you it’s attracting funding. But if this was…

The world of venture capital and a peep into the basics

Every thriving company has a founding story behind them. Usually it involves college dropouts, friends experimenting in a garage or products sold individually. It…

What you need to know about investing in tech startups

There are plenty of innovative technology startups out there offering incredible opportunities for investors. Despite this, the profits generated by such startups are not…

This new MOOC helps you figure out if you really need VC

In the startup space, people (including us in the media) tend to get very excited when a business gets Venture Capital funding. On one…

3 tips for quickly securing a loan for your ecommerce business

Businesses around the country are still struggling after the recession that hit in 2008. The tightening of the lending market since then hasn’t helped…

Giraffe receives undisclosed seed funding from Omidyar Network

Recruitment service startup Giraffe has closed a round of seed funding from Silicon Valley-based VC fund Omidyar Network. The VC was established by eBay founder Pierre…

A Day in the Life of: Silvertree Capital VC Manuel Koser [Native Article]

Cape Town-based Silvertree Capital kicked the year off on an epic note when it committed US$10-million towards internet companies on the African continent. The…

Productivity On A Large Screen

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Google Cast and other Christmas goodies for Rivian

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