funding

Plentify’s expansion in South Africa and international markets

South African climate-tech startup, Plentify, has successfully raised a substantial sum of capital in an oversubscribed funding round, raising capital from prominent African and…

Africa’s Youthful Population a Golden Opportunity, if Nurtured by the Right Ecosystem

Africa is on the cusp of an economic transformation driven by its rapidly growing and youthful population. However, capitalising on this demographic dividend hinges…

AWS Aims to Propel Black-Owned Tech Start-Ups

In a move to bolster South Africa’s burgeoning technology sector, Amazon Web Services (AWS) is doubling down on its efforts to nurture and support…

inDrive Revs Up Global Expansion with $150M Financing Boost from General Catalyst

Urban mobility platform inDrive is turbocharging its global growth ambitions after securing an additional $150 million in financing from longtime investor General Catalyst. The…

PowerUP, the Clean Cooking Startup, Sparks a Revolution Across Africa

In a significant milestone, PowerUP, the Uganda-based electric cooking start-up, announces the successful initial close of its seed round. Delta40, the Nairobi-based venture studio…

Africa XYZ’s Vision 2030 Fund I: Empowering 300 Million Youths for a Brighter Tomorrow

The Unemployment Crisis in Africa Africa XYZ, a UK and Rwanda-based Pan-African technology company, addresses the pressing issue of unemployment in Africa through its…

Finnfund Appoints Hanna Loikkanen as Chief Investment Officer

A New Chapter in Finnfund’s Leadership with Hanna Loikkanen at the Helm Finnish development financier and impact investor, Finnfund, is proud to announce the…

GoMetro secures £9 million funding to revolutionise fleet management for electric vehicles

GoMetro, a South African tech company specialising in fleet management, has secured £9 million in Series A funding to accelerate its mission of digitising…

1K Africa and Ascension Capital Invest in Consumer Profile Bureau

In a significant move to enhance the South African credit bureau landscape, 1K Africa and Ascension Capital have announced an investment in Consumer Profile…

South African logitech startup Tripplo closes seed round

Tripplo, the Johannesburg-based logistics software platform, has successfully secured a US$1.8 million equity investment, concluding its seed funding extension round. The round was led…

Peach Payments Secures US$30M Funding Deal

Baobab Payments GmbH, trading as Peach Payments, has successfully concluded a €29 million / US$30 million funding round. This round, which was initially announced…

Rentoza Secures $6 Million Investment to Revolutionise African E-commerce Through Subscriptions

Rentoza, the South African-based online subscription platform, has recently received a substantial boost in funding, with investments totaling $6 million from two prominent funders….

VitruvianMD Secures $1.25 Million Funding to Revolutionise Medical Diagnostics

VitruvianMD, a pioneering medtech startup, has raised an impressive $1.25 million (equivalent to over R23 million) in their recent Seed Extension II funding round….

Car Subscription Startup Planet42 Raises $100 Million to Address Transport Inequality

Planet42, a South African car subscription startup, has raised $100 million in combined equity and debt funding to address transport inequality by putting cars…

5 golden rules to enable funding for SMEs

Small and medium businesses are the lifeblood of South Africa’s economy. One of the main challenges entrepreneurs face is access to capital to inject…

E Squared funds agribusiness with a strong focus on food security

In December 2022, impact investor E Squared Investments participated in a follow-on funding round with Nambu Group, an insect protein company founded by Allan…

Carry1st raises $27m in funding round led by BITKRAFT Ventures

In a move that solidifies its position as the premier publisher of mobile games in Africa, Carry1st announced today that it has raised $27…

How to make your business investable

There are two sides to the business investment equation. Financial institutions and venture capitalists need to offer suitable investment packages and correctly identify suitable…

Synatic Secures $2.5 Million in Seed Extension Funding

Local data automation and integration startup, Synatic, has secured an additional $2.5 million (+- R42 million) in a seed extension funding round led by…

Access to capital now critical for growth in ICT sector

South Africa’s ICT sector has experienced huge growth in 2022, according to the latest ICT Market Overview Sizing and Forecast 2022 report. However, structural…

YuLife raises $120M in Series C funding round

YuLife, the tech-driven insurance company on a mission to inspire people to live their best lives, today announced that it has raised $120M (~£95M) in a Series C led by Dai-ichi Life…

Digital Africa Ventures combines entrepreneurial passion with targeted funding to support SA’s underserved tech start-ups

For as long as they can recall, Thandeka Xaba and Nonkululeko Komanyane have been entrepreneurs at heart. This entrepreneurial spirit is evident in both…

Applications open for 2022 Africa’s Business Heroes prize competition

The “Africa’s Business Heroes” (ABH) prize competition, one of the Jack Ma Foundation’s philanthropic programs spotlighting and celebrating Africa’s entrepreneurial talent, has opened applications…

Broadband Africa Forum 2024

How AI is Rewriting Urban Planning in Developing Regions

Transforming Healthcare in Africa with Technology

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