funding

Up to R1m up for grabs in the uYilo eMobility Programme Kick Start Fund

Established in 2013 as an initiative of the Technology Innovation Agency (Act 26 of 2008), the uYilo eMobility Programme is a multi-stakeholder programme that…

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…

Bfree raises $1.7m to expand operations

Nigerian ethical credit management FinTech start-up Bfree closed a successful pre-Series A funding round that will power its further expansion into Asia, Europe and…

Fresha raises over $52 million in Series C round

Fresha, a leading platform for beauty and wellness, has announced over $52 million in additional investment extending the company’s recent $100 million Series C…

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…

Cape Town tech startup secures R7-million in funding

Cape Town-based online advertising tech startup Adbot has secured R7-million ($500 000) in capital raise from Enygma Ventures, an investment funding dedicated to supporting…

Egypt tech startup Breadfast secures $26-million in series A round

Cairo-based tech startup, Breadfast, a grocery delivery platform, has secured $26-million in a Series A round of funding co-led by Vostok New Ventures and…

African fintech pawaPay secures $9-million

African fintech pawaPay has secured $9-million in a seed funding round co-led by MSA and UK-based investment fund 88mph, with participation from Vunani Capital, Kepple Ventures and Zagadat Capital. pawapay has secured…

Egypt tech startup secures $15-million investment

Cairo-based B2B eCommerce platform and tech startup MaxAB has secured $15-million in investment funding from a previous undisclosed investor. In addition, the rapidly growing tech startup…

Greenhouse Lab Founders-backed fintech accelerator cohort 2021 announced

Nigeria-based venture capital firm GreenHouse Capital’s flagship accelerator programme GreenHouse Lab has announced its cohort for 2021. Eight innovative African startups have been selected…

Kenyan tech startup secures $475 000

Nairobi-based tech startup, CashBackApp has secured $475K in a pre-seed funding round led by Lofty Inc, Sherpa Ventures and Loyal VC with participation from…

CDI’s Growth Fund opens grant applications for growing SMMEs

The pandemic has seen businesses large and small offer free goods and services, grants and other support to small enterprises, reflecting the heart and…

SA payments platform Yoco raises $83m in funding

South African payments platform Yoco has announced that its Series C round of funding has raised $83 million — or R1.2 billion — for…

CDI Capital Growth Fund opens funding applications for small businesses

CDI Capital Growth has announced that it is opening applications for funding grants to help small businesses, with the aim to create 600 news…

Cape Town-founded tech startup secures R42-million

Cape Town-founded mobility tech startup WhereIsMyTransport has secured R42-million in funding from Naspers. This investment forms part of R201-million funding round led by Naspers Foundry,…

SA tech startup Sendmarc secures funding

Johannesburg-based tech startup Sendmarc has secured an undisclosed amount of funding in an investment round led by Kalon Venture Partners with contribution from Endeavor South Africa‘s…

New startup support programme launches for Kenyan entrepreneurs

Based in Germany, The Federal Development Ministry (BMZ) has launched DeveloPPP Ventures, a programme that aims to empower Kenyan startups by providing entrepreneurial support and a…

Local biotech startup secures $47-million

SA and US-based biotech startup LifeQ has secured $47-million in Series A funding from One Bio Venture Studio, a Cape Town-based VC and several…

Egyptian agri-fintech startup secures seven-figure amount in funding

Giza-based Agri-fintech startup Mozare3 has secured an undisclosed seven-figure amount in a pre-seed funding round led by Algebra Ventures and Disruptech Ventures, with participation from…

Sanlam plans to raise further capital for impact funds

Sanlam Investments, one of the country’s largest black-owned asset managers, plans to raise an additional R35-billion for its range of impact funds. Impact Funds aim to…

What funders are looking for when assessing applications

Funders are businesses that either lend money to make a profit or invest money for a return. As such, their goal is to minimise…

Startup Circles secures R2.1-million investment

Startup Circles, an innovative practical business school for entrepreneurs that assists entrepreneurs in scaling their business and becoming investor-ready has secured R2.1-million in funding…

Why a wave of technology giants will come from Africa [Opinion]

Ian Lessem, Managing Partner at HAVAÍC, investors in early-stage, high-growth technology businesses, notes a significant increase in investment demand for African technology startups. He says…

Broadband Africa Forum 2024

South Africa’s Deskless Workers: A Workforce Under Strain

How AI is Rewriting Urban Planning in Developing Regions

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