Investment

Endeavor Harvest Fund II closes as most active VC in SA

Endeavor South Africa has raised double its initial target for Harvest Fund II with R190 million raised in the fund’s final close. The fund…

Cape Town based Locstat raises investment from Grindstone Ventures

Cape Town based advanced analytics company, Locstat, has secured undisclosed amount of funding from Grindstone Ventures. Founded in 2016, Locstat enables customers to unlock…

African Development Bank is the biggest backer at South Africa Investment Conference

President Cyril Ramaphosa welcomed the heads of businesses onto stage at the fourth annual South Africa Investment Conference (SAIC) to announce investment commitments of…

Luno launches early-stage investment arm

Cryptocurrency company, Luno, a wholly-owned subsidiary of Digital Currency Group (“DCG”), has launched Luno Expeditions, a global, early-stage investment arm to support fintech and crypto/web3…

CrowdForce raises $3.6M during Series A

HAVAÍC, Aruwa Capital Management (Aruwa), and Asian African Investment & Consulting (AAIC) have announced a joint US$3.6 million pre-series A investment in CrowdForce. Empowering Nigeria’s underserved and unbanked population, the financial…

Floatpays secures R15M investment from Naspers Foundry

Floatpays, a Cape Town-based on-demand earned wage access platform, has received a R15 million investment from Naspers via its early-stage tech investment arm, Naspers…

Cisco on the state of Africa’s startup landscape

I recently sat down with Conrad Steyn, CTO for Cisco Sub-Saharan Africa, to chat about the state of startups and SMMEs in South Africa…

Egyptian investment startup, Thndr, secures $20M in Series A

Thndr, the Egyptian digital investment platform, has secured $20 million in a Series A investment round co-led by Tiger Global, BECO Capital and Prosus…

Google supports South African start-ups, SMMEs and NPOs to help economic recovery

Google for South Africa unpacked its support for startups, SMMEs and nonprofits in a bid to accelerate digital transformation and help South Africa’s economy…

WEF stresses need for investment in African tech start-ups

The World Economic Forum’s latest report, Attracting Investment and Accelerating Adoption for the Fourth Industrial Revolution in Africa analyses the challenges Africa faces in…

Shell Foundation’s EEGF receives $13M injection to accelerate access to clean energy in Sub-Saharan Africa

Energy Entrepreneurs Growth Fund (EEGF) — founded in 2019 by the Shell Foundation and co-funded with UK aid from the UK government and FMO,…

Crypto index ranks SA as 2nd in the world for Bitcoin adoption

Sensational headline aside, South Africa has a high cryptocurrency adoption rate according to the Finder Cryptocurrency Adoption Index. Of the internet users surveyed who…

MultiChoice connects South African SMMEs with global start-up investment community

MultiChoice Group, the African entertainment company that operates DStv, has shortlisted six start-up and scaling businesses that will be progressing to the final leg…

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…

SafeBoda is the first startup to benefit from Google’s Africa Investment Fund

Google’s first investment from the Africa Investment Fund — launched by Sundar Pichai, CEO of Google and Alphabet, at Google for Africa in October…

To create jobs, SA needs a tech-enablement bridge (we need Domino’s, not Google) [Opinion]

No matter your politics, everyone in South Africa can agree that we need more jobs and that we need to create more jobs now….

Local lithium-ion battery manufacturer I-G3N secures R20m investment

South African battery manufacturer I-G3N has secured R20 million in investment to help the company grow and promote renewable energy on the continent. The…

Naspers invests R120 million in Joburg-based insurtech startup Naked

Naspers has announced it has invested R120 million in Johannesburg-based insurtech startup Naked in a Series A funding round. Announced on 4 August, the…

New African VC aims to aid SMMEs with early-stage funding

Nigeria-based pre-seed and seed firm Voltron Capital announced its official launch in a statement last week. Close to two-thirds of startups want to raise…

Transforming B2B payments could grow Africa’s local businesses [Opinion]

The World Bank estimates remittances to the Middle East and North Africa region rose by 2.3% to about $56-billion in 2020. However, global businesses…

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…

Venture capital continues to grow in South Africa – survey

A survey of the venture capital industry in South Africa has shown 122 local startups received a record R1.39 billion from investors during 2020….

Naspers invests R34m in local insurance advice app Ctrl

Naspers has announced it will invest R34 million in startup Ctrl, a short-term insurance marketplace digital platform that connects clients, brokers, and insurers. The…

Thor: Love and Thunder tickets now on sale in SA: How to get yours

New online booking platform in Cape Town protects cleaners from hidden fees

Samsung Galaxy A53 5G & A33 5G Gets Connected to a World of AWESOME

Why start-ups with flat organisational structures often fail

AFEX aims to replicate Nigerian farmer success in Kenya

[Opinion] Exactly how smart will tomorrow’s homes be?

The new HUAWEI P50 is now available for pre-order in South Africa

Redmi Note 11 Series from Xiaomi delivers exceptional value-for-money

Intel 12th-Gen Core Mobile processors launched in SA

Review: Isuzu MU-X 3.0 Ddi 4×4 Onyx

Ford EcoSport Active is not mellow yellow

Microprocessor crisis could be over for Toyota