Venture capital

SAVCA findings: How Venture Capital can solve unemployment

South Africa’s unemployment figures are among the highest in the world and this inequity means many people live in poverty. Venture Capital may be…

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…

Nigerian fintech startup Payhippo secures $3-million

Lagos based tech startup Payhippo has secured a reported $3-million in seed funding from several funders including; Ham Serunjogi and Maijid Moujaled, co-founders Chipper…

Five key investment trends to watch in 2022 [Opinion]

There’s no doubt that investing remains one of the best ways to preserve and create wealth in the modern age, but that nevertheless comes…

Stellenbosch financial edtech startup secures funding

Based in the Western Cape, FinMeUp has secured an undisclosed amount in funding from ZAQ Ventures (Venture Studio), a venture capital firm that focuses…

Nigerian automotive tech startup secures $13.1-million

Lagos-based automotive tech startup Autochek has secured a whopping $13.1-million in seed funding led by TLcom Capital and 4DX Ventures with participation from existing investors Golden Palm Investments, Enza Capital, Lateral Capital. In…

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…

Moove raises $23 million in Series A funding round

Sub-Saharan mobility and vehicle finance company Moove has announced it has raised $23 million (R341 million) in a Series A funding round. The latest…

Joburg startup investment platform Merge partners with 100 VCs

Johannesburg-based startup investment platform Merge has announced that it has partnered with 100 Venture Capital (VC) investors since early 2021. The company’s number of…

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…

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….

SA home services portal Kandua closes ‘significant’ funding round

Joburg-based home services marketplace Kandua announced the close of a “significant” pre-series A funding round in a statement today. The round was led by…

Wellness app Strove raises R4 million in seed funding

Employee wellness app Strove has raised R4 million in seed funding in a round led by venture capital firm, Launch Africa. The round comes…

Lagos fintech GetEquity announces GreenHouse Capital investment

Lagos-based fintech startup GetEquity has announced the completion of an undisclosed six-figure funding round led by GreenHouse Capital (GHC). The leading African fintech investment…

Founders Factory Africa announces Revix, Asaak and Wazi investments

Joburg-based venture development firm Founders Factory Africa (FFA) announced another investment in three African startups on 8 July 2021. Along with corporate investors the…

Research identifies barriers to funding for early-stage social enterprises [Opinion]

Over the last ten years, the SAB Foundation has invested in over 200 social enterprises. We define social enterprises as businesses solving social problems….

SA fintech Ukheshe wins second at KPMG Global Tech Innovator launch

Joburg-based startup Ukheshe Payment Solutions has won second place at the first KPMG Private Enterprise Global Tech Innovator Africa competition, which came to an…

Khazna receives Central Bank of Egypt approval to launch Khazna Card

Cairo-based fintech Khazna announced on 15 June that it has partnered with ADIB Egypt and Masria Digital Payments (MDP), to launch the Khazna Card,…

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…

Dream VC launches Inaugural VC Fellowship for aspiring African investors

Dream-VC Fellowship, a Venture Capital Institute, has launched a new fellowship programme that is dedicated to providing more access and opportunities to traditionally underrepresented…

Almentor secures $6.5-million in funding

Almentor.net, a leading video e-learning platform in the MENA region, has secured $6.5-million in a funding round led by Partech with participation from Sawari…

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