Venture capital

New AfDB fund to help grow electronic financial services for low-income communities

The African Development Bank (AfDB) with its partners has launched the Africa Digital Financial Inclusion Facility (ADFI) which aims to expand digital financial transactions…

SA’s The Sun Exchange raises $260k from US impact investors

SA startup The Sun Exchange has raised $260 000 from undisclosed US impact investors in a deal that is part of its targeted $3-million seed…

SA insurtech Inclusivity Solutions nets $1.5m in round led by Goodwell Investments [Updated]

Cape Town based insurtech startup Inclusivity Solutions has raised $1.56-million in a Series-A round led by Amsterdam-based impact investment and advisory firm Goodwell Investments….

Kenya’s Twiga Foods secures $5m from French investor Creadev

Nairobi-based mobile-based B2B distribution platform Twiga Foods has secured a $5-million investment from French investor Creadev. Citing a statement it had received, Kenyan radio station KassFM said in an…

Egyptian edtech Orcas lands $500k from Algebra Ventures, NFX Capital

Egyptian startup Orcas has raised $500 000 in a pre-Series A funding round led by Egyptian venture capital (VC) fund Algebra Ventures, with participation from…

HAVAÍC invests undisclosed sum in Kenyan virtual postbox startup MPost

Cape Town based venture capital (VC) firm HAVAÍC yesterday announced that it had invested an undisclosed sum in a pre-Series A round in Kenyan virtual…

Female focused Dazzle Angels close to making first investment

Dazzle Angels, SA’s first angel fund focused entirely on women-owned technology businesses, is edging closer to announcing its first deal. Alexandra Fraser (pictured above),…

Unwrapping the mysteries of SA’s venture metrics landscape [Infographic]

With additional reporting by Mich Atagana South Africa’s startup landscape is an industry wrapped in mysteries and enigmas. It’s a world of near facts…

Michael Jordaan’s MonteGray Capital makes first VC bets and it’s all about tech

Last year when former FNB head Michael Jordaan joined South African instant messaging service Mxit as chairman, we heard that his new aspirations were…

5 insights into the investor-startup exchange: attitude, horizons, awareness

Startups get a lot of attention from the industry. Simple as that. They are the sexier, jazzier, more vulnerable babies that the media gets…

VC4Africa offers African entrepreneurs coaching, investor introductions

Getting access to Africa’s investor network has potentially gotten a whole easier with Venture Capital for Africa (VC4Africa) and its initiative called Cohorts. The…

Sharks, sorcery and speculation: what lies beneath most startup valuations

In 1954 one of Hollywood’s greatest artistic geniuses, Walt Disney, had a fantasy. Disney dreamed of building a giant amusement park unlike anything that…

Knife Capital Grindstone programme will take you out of your comfort-zone

Cape Town based fund manager Knife Capital’s new accelerator programme Grindstone, aimed at post-revenue startups, will help managers cultivate a growth strategy to scale…

Every VC company is a media company

The National Venture Capital Association (NVCA) and Cambridge Associates recently released a study showing that VC funds returned an average of 7.4% annually over…

Why South Africa needs patient ‘co-opetition’ between venture investors

A couple of weeks ago Ventureburn asked Marc Herson of mobile social network 2go, what the South African startup tech ecosystem needed, especially its…

SumUp secures funding to take mobile payments to South America

Mobile point-of-sale company, SumUp, recently raised a rumoured ‘double-digit million Euro’ round in Series B funding from Groupon and American Express. Today it announced…

Silvertree Capital has ecommerce sweet tooth, sub-Saharan African focus

Africa’s tech investment landscape has gained a new fund which looks set to boost the emerging sector. The recently launched Silvertree Capital is a…

Business Partners puts aside R1bn for SA’s tech, energy, agro-processing SMEs

Business Partners, the specialist funding and mentorship company, says that it will make R1-billion available for its 2013-14 financial year to spend on business…

Jobs portal SEEK pumps $20-million into Private Property’s classifieds empire

Australian jobs portal SEEK has invested US$25-million (R205.53-million) in One Africa Media (OAM), previously named Private Property Holdings. The deal will help the South…

Crowdfunding platform Thundafund rolls in over SA startup landscape

South Africa’s crowdfunding space expanded earlier this month with the launch of Thundafund, the Cape Town-based crowd-powered startup funder. While crowdfunding in Africa has…

OnFarm Systems gains funding from Invested Development

Invested Development recently invested in OnFarm Systems, an agriculture technology startup that aims to combine software and hardware to provide a platform of information…

Fab receives $150 million in Series D funding, led by China giant Tencent

Fab, the gay social network turned ecommerce-design service with 14-million registered members, is now worth over US$1-billion after it received US$150 million in Series…

Lenovo Accelerate 2025 champions Innovation

The Alarming Truth About Gen Z Gaming Cybercrime

SA’s Smallest Businesses Are Job Engines – So Why Can’t They Get Funding

Five Ways to Back South Africa’s Young Entrepreneurs

Novare Holdings anchors R2.8 billion Investment

Investors Finding Their Way Back to the Kenyan Market

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

Luca de Meo and his Renault legacy

Gemini AI to enhance Volvo infotainment

Everest better at exploring than Explorer