Venture capital

SA fintech Fundrr finally lands funding after being turned down by 50 angels

Try and try again. That’s what the founders of Joburg based fintech startup Fundrr, which lends to small businesses, have had to do to…

Here are six of the biggest VC deals so far in 2019 by Egyptian startups

As summer hits Egypt it’s not just the streets that are cooking, with maximum temperatures in the capital Cairo expected to remain above 38…

Nigerian healthtech DrugStoc secures investment from Growth Capital

Nigerian social innovation fund Growth Capital has invested an undisclosed amount in Lagos-based Nigerian drug procurement platform DrugStoc. Growth Capital is a Nigerian based…

‘AI-focused Cortex Ventures to begin investing by year-end’

Cortex Ventures, a Cape Town based fund that aims to invest in artificial intelligence (AI) developments, expects to make its first investments in the…

SA fintech LulaLend raises $6.5m from the IFC, Quona Capital

Cape Town based fintech startup Lulalend has closed a $6.5-million (R92-million) Series-A round led by the World Bank’s IFC and Quona Capital. The startup, which was…

Latest investment will help food delivery startup dominate Egypt – Elmenus CEO

Egyptian food delivery startup Elmenus today announced that it has secured an investment from Foodora co-founder and DeliveryHero VP Julian Dames. Elmenus CEO Amir…

On demand video production platform Vidr nets investment from Cape angels

A Cape Town based entrepreneur hopes to transform fast-turnaround video production through a new platform called Vidr, which last month clinched an undisclosed amount…

Lessons learned from Angel Investor Bootcamp in South Africa

On 27 August the third session in a series of Angel Investor Bootcamps leading up to the ABAN Investor Summit at DEMO Africa was hosted in…

Is state VC funding becoming the name of the game?

The Indian government this week launched a much awaited venture capital (VC) fund. Dubbed the India Aspiration Fund, the 20 billion rupee fund (US$306-million)…

3 African countries that show investment promise as global tech hubs

Over the past decade, countries such as South Africa, Kenya, and Seychelles have emerged as Africa’s tech hubs. Kenya is increasingly touted as the Silicon Savannah, owing…

Lessons learned on building a pan-African network of angel investors

The following article is by David van Dijk who is part of the team behind African Business Angels Network (ABAN), a pan-African association that…

From banker to VC: what I’ve learned from SA’s startup space so far

In 2013, Michael Jordaan stepped down as CEO of FNB after 12 years of working for the financial institution. Jordaan spearheaded an era of…

Convergence Partners announces $20m investment to stimulate tech in West Africa

Pan-African investment management firm Convergence Partners has announced an investment of US$20-million for a minority stake in Venture Garden Nigeria (VGN), a tech investment…

African Angel bootcamps to mobilise early-stage investors

By partnering with a range of prominent industry influencers, the African Business Angel Network hopes to mobilise early-stage investors this year. The initiative is…

Nigerian VC fund 440 announces Deal Weekend Lagos

This August, Nigeria-focused venture capital fund 440 will host a 24-hour event called Deal Weekend Lagos where startups will compete to receive equity investment…

Bitcoin startup BitX raises $4m from Naspers

Emerging market bitcoin exchange startup BitX has just raised a nice fat US$4-million in Series A from PayU — a subsidiary of media and…

Hong Kong VC firm Nest expands to Nairobi to support continent’s talents

Hong Kong VC and incubation firm Nest has recently announced its expansion into Africa, connecting local talent with Asian investors abroad. Founded by Simon…

4 reasons investors should seriously look to Africa for tech

In recent years, Africa has become a hotbed of technological innovation. The spread of mobile technology has spurred new companies, such as delivery service…

On the hunt for Holy Grails, Unicorns, VC funding and other fabled creatures

This article may be a little controversial but it is part of my mission to guide our entrepreneurs to success — and if we…

5 key steps to getting your startup ready for funding

It’s the age of the startup. Technology is enabling us to solve more problems at a greater speed than ever before. Solutions to big…

Nigerian accommodation booking site Hotels.ng just raised $1.2m

Nigerian accommodation booking site Hotels.ng has just raised US$1.2-million in funding from global firms Omidyar Group and EchoVC, TechCabal reports. Founded by Mark Essien…

Startups be pitchin’: here’s what happened at Sparkup Live 2015

Another year, another Sparkup Live event. After 100 applications were vetted, five finalists were chosen to pitch in front of an audience of investors….

These 21 green startups from SA, Kenya have been made investment-ready

The Green Pioneer Accelerator focused on early stage enterprises contributing innovative solutions to environmental issues such as climate change, energy insecurity, loss of biodiversity…

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