Venture capital

Pan African fintech secures $1-million in pre-seed funding

African fintech Payday has secured $1-million in a pre-seed round from several investors including; LofyInc, Microtraction, Magic Fund, Ventures Platform, Voltron Capital, CcHub Syndicate,…

Nigerian tech startup secures $1.4-million in seed funding

Based in Lagos, Eden Life has secured $1.4-million in a seed funding round led by UK-based LocalGlobe, along with participation from Samurai Incubate, Future Africa, Village Global, Rising Tide Africa and Enza Capital….

South African edtech secures undisclosed amount of funding

Gauteng-based edtech company d6 Group has secured an undisclosed amount in investment funding from Knife Capital, Hlayisani Growth Fund Stellenbosch and NuState Ventures. Edtech…

SA prop-tech venture builder secures investment

Cape Town-based Castle One, a prop-tech venture capital and private equity organisation has reportedly secured a notable investment from HL Hall and Sons Holdings (‘Halls’)….

Nigerian tech startup secures $200-million in funding

New York-based but founded in Africa, Andela an innovative tech startup has secured $200-million in a Series E funding round led by Softbank Vision Fund 2* with…

New Incubation and Innovation Campus launches in Joburg

A Pan-African investment firm, Unicorn Group, has launched the Unicorn Incubation Campus in Johannesburg for African entrepreneurs. New innovation and incubation campus in Joburg…

Nigerian healthtech platform 54gene secures $25-million

Nigerian healthtech platform 54gene has secured $25-million in a Series B funding round led by Cathay AfricInvest Innovation Fund. The round also included participation from Adjuvant Capital, KdT Ventures, Plexo…

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…

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…

Engen Pitch & Polish returns after year-long hiatus

The Engen Pitch & Polish competition, in which entrepreneurs battle it out for prizes up to R1-million is back after a year-long hiatus. The …

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…

AfricArena Summit announces speakers and pitching startups

AfricArena has announced who will be appearing at its Southern Africa Summit later this month. The guest speakers names and startups that will be…

Cape Town edtech iXperience secures $2.5-million

Cape Town-based edtech company iXperience has secured $2.5-million in a Series A funding round led by Kalon Venture Partners and Caleo Private Equity. iXperience…

Local foodtech startup secures funding

Cape Town-based food tech startup Kombo King has secured an undisclosed amount of funding from The Vumela Fund, established by FNB Business and Edge…

Joburg-based fibrePOYNT receives funding to provide internet to townships

South Africa’s Department of Science and Innovation’s entity The Technology Innovation Agency (TIA) has announced that it is funding the distribution of antenna-based high-speed…

Female-led investment company Crystal Partners launches in SA

Based in Johannesburg, Crystal Partners is the latest investment company to open in South Africa and aims to be the premier partner of choice…

Kenyan insurtech startup secures $1.8-million

Nairobi-based insurtech startup Lami Technologies has secured $1.8-million in a seed funding round led by Accion Venture Lab with participation from AAIC, Consonance, P1 Ventures,…

Kenyan edtech Kidato secures $1.4-million

Nairobi-based edtech startup Kidato has secured $1.4-million in a seed funding round from Learn Start Capital, Launch Africa Ventures Fund, Graph ventures, Century Oak…

Kenyan e-mobility startup Ecobodaa secures funding

Nairobi-based tech startup Ecobodaa has secured an undisclosed amount of funding from Persistent, Zurich-based venture capital and private equity firm that focuses on investing in…

Egypt fintech secures $18.5-million in series funding round

Cairo-based fintech startup Paymob has secured $15-million in a Series A funding round led by Global Ventures, the UAE-based venture capital firm with participation…

Funding black female entrepreneurs is crucial to SA’s startup growth

Globally, growing attention is rightly being paid to the issue of underfunding of diverse founders in general, and women in particular, in the startup…

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