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Team WeeTracker

Chinese Hellobike Raises USD 700 Mn, Tel-Aviv’s LawGeex Secures USD 12 Mn And More…

Here’s what happened around the Globe this week [16-20 April] ASIA Peer-to-peer lending platform Funding Societies, secured USD 25 Mn in Series B funding round. Softbank Ventures Korea led the round with participation from Sequoia India, others. Zimplistic, the startup that has developed Indian-style flatbread-maker Rotimatic, has landed USD 30 Mn series C fundraise co-led by […]

Sharing Economy Gets A Boost In Asia, Uber Acquired JUMP Bike And More…

Here’s a wrap of this week’s [09-13 April] headlines from around the startup world. Asia  The New York-based co-working has acquired Chinese competitor Naked Hub for USD 400 Mn as per a report by Bloomberg. WeWork has been pushing for expansion into Asia, having purchased Singapore-based competitor SpaceMob last year. Naked Hub itself had acquired […]

South African Fintech Startup JUMO Bags USD 3 Mn In Equity Investment From Proparco

South African Startup JUMO, raised an equity investment of USD 3 Mn from Proparco, as disclosed in a recent press release. JUMO is an emerging market technology Fintech start-up that offers unbanked or under-banked people access to financial services via their mobile phones. On raising the fresh round, Andrew Watkins-Ball, Founder and CEO of JUMO said, […]

India’s PayTM Raises USD 445 Mn, Belgian TextMaster Gets Acquired By Technicis and More….

Here’s what happened last week in the world of startups around the globe. Europe Comatch, Germany’s online marketplace for consultants and industry experts, has completed a USD9.8 Mn Series B financing round. This was led by Acton Capital Partners with participation from Atlantic Labs and btov. Careship, a marketplace for in-home senior care, has raised USD […]

PayPal Collaborates with Kenya’s M-PESA To Facilitate Global E-comm Payments In Africa

PayPal and Safaricom announced a collaboration that would enable Kenyans to move money between their M-PESA and PayPal accounts, in a press release today. The new service is expected to eliminate barriers that have hindered consumers and businesses in the country from taking full advantage of global eCommerce. PayPal’s collaboration with M-PESA is part of […]

A Comprehensive List Of Co-Working Spaces In Cape Town For Startups

The working styles of startups have seen tremendous change over the years as they have to operate from multiple locations with scattered teams. This also brings about challenges in having to set up offices at multiple places. Coworking space is playing an essential role in providing solutions to these challenges. It also promotes building a […]

Startups In Nigeria’s South-South And South-East Regions Are A Step Closer To Angel Investors

African Business Angel Network (ABAN) and other partners have unveiled plans to set up a South South and South East focused Angel Network that will provide seed funding for startups within the area. In a conversation with Weetracker, it was told that the process will commence with an Angel Masterclass which will aid the emergence […]

Africa Focussed Micro Lending Startup Branch Secures USD 70 Mn In Equity & Debt Financing

Branch International, a Micro lending platform for African countries, raised USD 70 Mn recently in equity and debt financing. Trinity ventures led the USD 20 Mn equity round along with International Finance Corporation, Andreessen Horowitz, and CreditEase Fintech Investment Fund. The balance USD 50 Mn was raised as a debt facility from Victory Park Capital. Since […]

Hewelett Packard Enterprise Acquires South African Startup, Cape

Hewlett Packard Enterprise, HPE, in a news release, announced a definitive agreement to acquire Cape Town and San Francisco based Cape Networks. It is said to become a part of Aruba, a Hewlett Packard Enterprise company and will expand Aruba’s Artificial Intelligence (AI) powered networking capabilities with a sensor-based service assurance solution that gives customers a simple, […]

Data Centre Provider Teraco To Expand Its Cape Town Facility And Build Another In Gauteng

Teraco that completed its Bredell hyperscale data centre last year, with deployment of space of over 6000m² and a municipal power supply of 24MVA, is planning to expand its Cape Town facility. Cape Town, though a smaller regional market for Teraco, due to the increased commercialization of cloud, has started to flourish. Van Wyk, CEO,  says that […]

Tony Elumelu Foundation Selects 1250 Entrepreneurs for 2018 Programme

The Foundation in a press release announced yesterday, its 2018 cohort of 1,250 African entrepreneurs with the most innovative, high-potential business ideas. More than 150,000 Africans from 114 countries worldwide applied to join the 4th cycle of The Tony Elumelu Foundation’s (TEF) 10-year, USD 100 million TEF Entrepreneurship Programme.  TEF Founder, Tony O. Elumelu, CON, commented: “The number and quality of […]

9 Fintech Startups in Ghana To Watch Out For – WeeTracker Research

Known as the first country to gain independence in sub-Saharan Africa, Ghana only adopted capitalism in 1992. Hence just one generation here has lived in a free-market society. Nonetheless, Ghana has one of the most active tech scenes in the African continent, right next to frontrunners like South Africa, Nigeria, and Kenya. Many remain surprised […]

Exclusive: Finland’s Claned and World Vision Join Forces To Improve Teaching Quality in Kenya

Claned Group, an online learning platform, has partnered with World Vision Finland, a development and advocacy organisation, to leverage the use of digital learning solution of ClanedKids for elementary and middle-school children. The partnership was sealed in the form of a donation from Claned to World Vision. ClanedKids is being put to use for the […]

Nairobi, Get Ready For Flying Cars

The McFly.aero blockchain project announced setting up of infrastructure for air taxis service in Nairobi along with 22 cities in 13 countries in a press release last week. The project is a 2 part incubator and is expected to open new opportunities for entrepreneurs, engineering and drone experts, and manufacturers of hardware and software for the […]

Most Active Incubators & Accelerators For Nigerian Startups

In China alone, there are an estimated 6,000 incubators, and the number is growing. But China is not the only one; India, Israel, USA and Netherlands are also increasing this number rapidly. African Startup Ecosystem too, is now booming and gaining popularity amongst the global tech ecosystems. Last year the ecosystem saw a rise in […]

Go.Explore Is Officially The Next Disruptor!

After a weeklong roadshow that included disruptive innovation workshops and pitching boot camps across the University of Cape Town, University of Western Cape and Stellenbosch University, the Disruption 48 finale saw enthusiastic ideas and budding talents participate in the event. “Disruption 48 is always keen to work with all universities allowing all students to interact […]

Thami Hoza, a UCT student created impact with Hotnozzle, are you next?

This year January, gave a huge perspective to Thami Hoza, student at University of Cape Town, when he travelled to India for Entrepreneurship program after winning at the last Disruption 48 event. His idea ‘Hotnozzle’ which is not just innovative but solves real life issues for people living alone, especially students. The device when attached […]

Goodwell Investments raised USD 24.5 Mn for Impact sectors in Sub-Saharan Africa

Goodwell Investments, an Amsterdam based firm that invests in companies that offer products and services to un(der)served people to meet their increasing demand for affordable and quality basic products, has raised USD 24.5 Mn from over 30 investors. Its African portfolio companies in the fintech field include Paga (Nigeria), Nomanini (South Africa) and Musoni Systems (pan-African), […]

Nairobi’s Blockchain payments Startup BitPesa acquires TransferZero

BitPesa, Nairobi based blockchain payments platform for Africa and Europe, announced their acquisition of TransferZero, in a press release yesterday. TransferZero is an international online money transfer platform that specializes in sending money to consumers and companies in 200 countries. The fintech company licensed by the Bank of Spain as an authorized payment institution, was founded […]

Kenyan e-commerce Startup Sky.Garden raises USD 1.2 Mn

Kenya based e-commerce start-up, Sky.Garden, has raised USD 1.2 Mn from Dutch and Norwegian firms to grow its business. Sky.Garden is a SaaS ecommerce platform built for retailers in Africa. It gives control to the individual retailer by allowing inventory control and immediate payment reconciliation in an automated platform, where local shipping and payment options […]

Announcing Our First Flagship Event, “Disruption 48” for African IdeaPreneurs

While there are a number of events and Entrepreneurship conclaves that focus on startups already having good visibility and traction, there is a big need for a support system for that young yet dynamic mind which may be brewing the next big idea, “the IdeaPreneurs”. At WeeTracker, we have worked closely with early and growth […]

Kenya’s Mondo Ride raises USD 2 Mn

Kenya based Mondo Ride has secured its second round of funding of USD 2 Mn. The latest fundraise was led by investors from the UAE and Egypt. The money will be will be used to fund continued expansion across Africa and further investment in its proprietary technology platform. The second round of financing has brought […]

South African Bitcoin wallet Centbee raises funding from nChain

South African startup Centbee, a Bitcoin wallet provider that facilitates transaction between global consumers, retailers and other merchants using Bitcoin has raised money from nChain Group. The funding deal was made through the nChain Group’s investment entity, nChain Reaction Ltd as stated in the press release yesterday. Founded by co-CEOs, Lorien Gamaroff and Angus Brown, the Centbee wallet […]

South Africa’s wiGroup secures investment from Virgin Group, Smollan

Mobile software firm wiGroup announced that it has secured investment from two leading global companies to fast-track its entry into emerging and developed markets in a press release today. The deal terms and stake amount remain undisclosed. This follows similar investment from Investec Asset Management in 2015. As per wiGroup CEO Bevan Ducasse, the investment […]

Nigeria’s Touchabl can help decode pictures

Many a times when we see pictures shared on social platform or on the internet, it leaves us wondering about the location or even the objects in the picture.  Which shoes is she wearing, they’re absolutely gorgeous! I wonder where I can get a pair like these? Such thoughts commonly cross our minds. Gabriele Eze, […]

Kenya’s mShule secures second position at GESA awards

The Global Edtech Startup Awards (GESA) finally concluded its much awaited finale yesterday with Kenya’s msShule securing the second position in the most promising Edtech startup category for 2017. The event took place at the Mindspace headquarters at London with 18 finalists and a jury panel consisting on 15 members. As mentioned in our last […]

On boarding 7 years of rich South African experience with Startup Safari

Weetracker, a global tech media with a marked focus on the African ecosystem, has announced the acquisition of Cape Town based Startup Safari, an ecosystem immersion programme for entrepreneurs in emerging economies. Terms of the deal remain undisclosed. Launched in January this year with an incisive funding report of the African entrepreneurial ecosystem, Weetracker not […]

3 African Startups make it to the GESA Finale to be held in London

The Global EdTech Startup Awards (GESA), has announced the list of the final startups who will now be competing for the winner position in London on 24th January 2018. 3 African startups have made it to the list of the shortlisted 18 from across the globe. With this batch, a total of 40 African startups will have participated in […]

Partech Ventures launches USD 70 mn African Fund

Transatlantic Venture Capital Firm Partech Ventures has announced the launch of its Partech Africa fund, which has secured over USD 70 million commitments toward its target size of USD122 million. The company said that with its new Partech Africa fund, it plans to target early-stage growth startups with an average ticket size between USD 600K and […]

Top Funded Startups of Africa – 2017

In continuation with WeeTracker’s ‘Africa in 2017’, this is our next presentation on Top 10 funded startups for year 2017. In our recent report, Fintech sector secured the maximum number of deals last year with close to 47 deals. But among the top funded startups of 2017, Cleantech secured the first spot. Also, interestingly though seed money was […]

UN launches its African Technology Innovation Lab in Egypt

The UN has announced the opening of its African Technology Innovation Lab (UNTIL) in Egypt on the sidelines of the latest Cairo ICT Conference, held under the aegis of Egypt’s President Abdel Fattah el-Sisi. The announcement came after The Egyptian Minister of Communications and Information Technology Yasser ElKady had witnessed the signing of a Memorandum […]

African Startup Funding Report – 2017

2017 has been a great year for the African Startup ecosystem. With stalwarts like Mark Zuckerberg and  Bill Gates shifting their focus to encourage the startup ecosystem in Africa, greater access to investments and scalability now seems possible. Being home to several new young start-ups, the African continent, which is already grabbing the attention of many […]

Nigeria’s Farmcrowdy raises $1 Million

Farmcrowdy, an online platform allowing Nigerians to venture in and sponsor agriculture has closed $1 million in seed funding. It will use its fresh funding to scale operations, expand into 20 Nigerian states, and bring more small-scale farmers and sponsors into its program. The money was raised from Cox Enterprises, Techstars Ventures, Social Capital, Hallett Capital and Right-Side Capital; as well as […]

Azuri Technologies plans solar energy connections with distibutor, NGO in Kenya

The Sh5 million partnership involving UK’s Azuri Technologies , its distributors Raj Ushanga House and Young Jains, Nairobi will see 2,000 households in Kirinyaga, Tharaka Nithi and Narok counties benefit from this deal. The progressive roll-out will see each of the 300 households receive a solar panel, two LED bulbs, two switches and USB charging […]

South African startup Sxuirrel raises $176k funding

Sxuirrel, a Stellenbosch based peer-to-peer storage and space finding solution, has secured seed funding of R2.4 million from a strategic partner investment holding company with interests in the storage, logistics and transport industry, in return for a minority shareholding. Sxuirrel which describes itself as the “Airbnb for storage and space solutions” claims to be South Africa’s […]

Google announces 5th class of Launchpad Accelerator, 3 African Startups Selected

Global tech giant Google has announced the list of 23 startups that will be joining the fifth edition of the Launchpad Accelerator Programme, at the Google Developers Launchpad Space in San Francisco. Startups from across the world have been selected to take part in the latest class, including three from Africa. Nigerian Startups  Helium Health, which provides provides […]

Facebook partners with CcHub to launch its Incubator in Nigeria, next year

Facebook has announced that it will partner with C0-Creation Hub (Cc Hub) to launch its first African community hub, NG_Hub, next year in Lagos, Nigeria. In a press release made on 22 November 2017, Facebook stated that the hub will be a “multi-faceted creative space” where developers, startups and the wider ecosystem can collaborate, learn and […]

Nigerian startup Alosab Launches On-demand property rental platform

Launched this September, Alosab aims to address the painful problem of house hunting in Nigeria. They plan to make renting easier for everyone. In order to do so, they provide users with a smart and simple platform that makes renting easy. With their mission to make their users happy by not only easing out the rental hunting problem, […]

MEST launches incubator spaces in Lagos and Cape Town

Pan-African entrepreneurial training program, seed fund, and incubator MEST has launched two new Incubator spaces in Lagos, Nigeria, and Cape Town, South Africa, as the program continues to expand its presence across the continent. The spaces will join the flagship headquartered in Accra, Ghana, as part of a growing Pan-African network of MEST Incubators. MEST […]

HAVAÍC announces R4.5m investment in healthtech startup RecoMed

South African venture capital (VC) firm HAVAÍC announced today that it has led a fully subscribed equity raise of R4.5-million in Cape Town healthtech startup RecoMed. The investment was secured by HAVAÍC, the Association for Savings and Investment South Africa’s Enterprise and Supplier Development (ASISA ESD) Fund, and Growth Grid Venture Capital Partners. It comes after Recomed founder Sheraan […]

Egyptian startup Eventtus secures a US$2 million funding round led by Algebra Ventures and 500 Startups

Events startup Eventtus has closed a US$2 million funding round led by Algebra Ventures and 500 Startups to accelerate its expansion in the Middle East and launch new products. Founded in 2012 by Mai Medhat and Nihal Fares, Eventtus is an-all-in-one platform for events ticketing, event management and apps for events. The startup creates interactive […]

China: Alibaba to invest $2.9 bn in Sun Art, aims to combat Wal-Mart

In an attempt to expand its reach in the retail world, Alibaba announced on Monday that it would take a 36% stake in Sun Art Retail Group from Taiwanese conglomerate Ruentex Group for $2.9 billion. Sun Art operates about 400 hypermarkets under the Auchan and RT-Mart banners and is building a line of unmanned stores. […]

India’s Portea Medical Raises $26 Mn Funding From Sabre Partners, MEMG CDC

Bengaluru-based home healthcare startup Portea Medical has raised $26 Mn funding in a Series C round led by Sabre Partners and MEMG CDC Ventures. Existing investors Accel, Washington-headquartered International Finance Corporation (IFC) and Qualcomm Ventures also participated in the round. Avendus Capital served as the sole financial advisor of the funding round in Portea. With […]

Safaricom ventures into online Market Place with Masoko

Telecom operator Safaricom has launched its e-commerce platform Masoko as it seeks to grow its presence in the retail sector. It has already signed up 200 vendors offering 20,000 different products ranging from electronics, mobile phones to everyday household goods. As it makes its foray, Safaricom faces strong competition from the likes of Kilimall, OLX and […]

Mastercard Partners with Durban based Spazapp

Mastercard has announced a partnership with Spazapp, a Durban-based tech company, to offer mobile payments to informal traders and convenience stores, better known as spaza shops, in South Africa. By combining their expertise and reach, the companies intend to unlock economic growth by helping informal micro-businesses connect to formal markets and digital payment systems. The […]

SoftBank aims to invest $25 bn in Saudi Arabia in next 3-4 years

SoftBank has planned to invest as much as $25 billion in Saudi Arabia over the next three to four years, according to Bloomberg. The Japanese telecom conglomerate aims to spend up to $15 billion in a yet-to-be-built city called Neom on the Red Sea coast. Last month, Saudi Arabia announced to build the mega city that […]

Startup Incubator – The 777 – Launched in Tunisia

Startup incubator – The 777 –  launched in the Tunisian city of Sousse last month. It provides  young entrepreneurs with a range of infrastructure, business advisory, mentoring and financial services in return for equity. The incubator will screen applications from startups, integrate them into its programme to develop their businesses, and allow them to pitch […]

Botswana E-health startup Yapili wins Seedstars pitching competition

Yapili has emerged as a winner at the Botswanan leg of the Seedstars World pitching competition. The Mobile and web-based e-health platform will represent Botswana at the global finals to be held in Switzerland April 2018. Yapili that connects users with doctors – was named winner of the Gaborone-based event; while student information service StudentPark […]

SA’s Knife Capital and Candy Crush Founders invest in Swedish Mobile and Sensory Technology

Cape Town based Venture Capital firm Knife Capital has made its first European investment alongside the founders of the British and Swedish games studio: King Digital Entertainment. Facilitated through Knife’s London office, The VC has participated in a USD 1.5 mn funding round in Stockholm-based Mobile and Sensory Technology (MOST). As a hardware and software start-up, MOST […]

Kenya’s Direct Pay Online Group (DPO) raises $5M from Apis Partners

Kenya’s Direct Pay Online Group (DPO) raised second investment of $5M from the UK based private equity fund, Apis Partners after its initial $10M investment made last year. The firm will also use the funds to set up operations in Nigeria, Ghana, DRC and Mozambique by the end of 2017 to grow across Africa through mergers […]

South African startup Naked raises $1.4m from Hollard and Yellowwoods

South African insurtech Startup Naked Insurance have raised ZAR20 million (US$1.4 million) from Hollard, SA’s largest privately-owned insurance group, and private investment firm Yellowwoods. The startup will use technology to transform the insurance business model to give customers a faster, fairer and more flexible insurance experience. It is led by actuaries Alex Thomson and Sumarié […]

Uganda’s SolarNow secures $6m debt facility

Ugandan startup SolarNow has secured a US$6 million debt facility to help it reach more clients and expand access to pay-as-you-go (PAYG) solar power. The facility is lead by SunFunder with the participation of responsAbility Investments AG and Oikocredit. SolarNow, which sells solar systems to rural households and businesses in Uganda with a 24-month credit […]

Blockchain startup The Sun Exchange raises $1.6m

The Sun Exchange – a South African startup, which leverages blockchain technology to allow individuals to purchase solar cells in solar projects, has raised $1.6-million from a number of strategic partners to enable it to fund a planned initial coin offering (ICO). In addition to Kalon Venture Partners other investors include: Network Society Ventures (New […]

Indian online financial marketplace BankBazaar raises $ 30 Mn

Chennai-based BankBazaar has raised $30 Mn in a funding round led by credit rating agency and information management company Experian. The funds will be used to further strengthen its position as the leader in secure paperless access to loans, cards, and mutual funds. Experian will also help the startup to accelerate towards its vision of […]

Food delivery platform Tupuca wins Seedstars pitch

Online food delivery platform Tupuca from Angola, with a customer base of 20K, has been selected the best startup by Seedstars World. This was Tupuca’s second attempt at the global seed-stage startup competition for emerging markets. Eight selected startups were invited to present their ideas in front of the local jury panel.As a part of […]

Wala secures equity investment from Newtown Partners

Newtown Partners, a seed-stage venture capital firm founded by Llew Claasen and Vinny Lingham, announced an investment of an undisclosed sum into Wala, a Cape Town-based blockchain-enabled fintech platform. Newtown Partners marketing partner Inge Lok said the investment will help Wala bring about its aim to provide zero-fee financial services which include insurance, transactional banking, remittances and […]

KnektMe app bags R1-million in seed funding

College dropout Carl Visagie, who is just 22 years old, is hoping that his social networking app KnektMe turns big, following R1-million in seed funding the startup received from an Israeli angel investor. The app scans for other KnektMe users in close proximity, using a device’s Bluetooth connection. This allows entrepreneurs and investors who attend […]

Cape Town-based airship startup Cargonaught goes to France after winning Airbus BizLab AEROmobility pitch

Cargonaught has won the Airbus BizLab AEROmobility pitching competition.The startup beat six other startups to clinch an all expenses paid trip to France and Germany, where the company will meet experts from Airbus and get technical support for three-months thereafter. The other finalists to pitch at the event held at the Bandwitdth Barn in Cape […]

Senegalese startup MaTontine wins Seedstars Dakar

Senegalese fintech startup MaTontine was last week crowned winner of Seedstars Dakar, giving it the opportunity to represent the country at the Seedstars Summit in Switzerland next year April. MaTontine pitched against eight other startups at an event held on 22 September in Dakar. Agriculture finance platform Bayseddo was placed second while payment solutions startup […]

French South African Tech Labs (FSAT) opens calls for applications

French South African Tech Labs (FSAT Labs) has opened calls for applications to its second class of entrepreneurs, with applications set to close on 20 October. To apply, interested tech entrepreneurs have to fill in an application form, build a pitch deck, and e-mail the submission documents to FSAT Labs. Selected startups will be invited […]

Electrum – SA Fintech selected for Gartner Aspiring Innovators Programme

The programme aims to highlight innovative providers of enterprise technology to attendees of the Gartner Symposium/ITxpo Africa 2017. The event was held in Cape Town between 18 to 21 September 2017. Over 1000 chief information officers and senior IT executives from around the world attended. The Gartner Symposium/ITxpo is one of the world’s most important […]

Click2Sure makes it to the InsureTech Connect in Las Vegas

Cape Town startup Click2Sure has been invited to the ‘Insure Tech Connect’ one of the world’s largest insurtech events in Las Vegas next month. The event offers unparalleled access to the largest, most comprehensive gathering of tech entrepreneurs, investors and insurance industry incumbents from around the world. It is being held for the second time. […]

Rehive launches platform like Shopify for fintech apps in South Africa

Rehive’s platform that allows developers to build, launch and scale their own fintech applications -has launched a new platform and series of off-the-shelf products. South African fintech startup Rehive which aims to become the Shopify for small companies, facilitates them to build their own fintech apps without needing to build the core technology from scratch […]

South Korea seeks to diversify with Global Accelerator Program for Startups (GAPS)

The South Korean government in July opened applications for 30 foreign startups to join its new Global Accelerator Program for Startups – GAPS. The applicants will be assessed on marketability and scalablility of their business models as well as on their teams. The 1o-month programme which will run from this September to June next year will grant […]

Johannesburg ranked 28th out of 50 by Dell for women entrepreneurs

Dell, in its 2017 Women Entrepreneur Cities Index, has ranked Johannesburg 28th out of 50 global cities in fostering high-potential women entrepreneurs. Johannesburg is ahead of cities such as Seoul, São Paulo, Kuala Lumpur, Barcelona, Tokyo and Dublin as per the latest index, which was released in July. The South African city has slid from its position at […]

Chivas Regal calls out for South African Startups for ” The Chivas Venture 2018″

Whisky brand Chivas Regal is calling on South African entrepreneurs to apply for its global pitching competition, “The Chivas Venture 2018”. Launched in 2014, The Chivas Venture aims to support the next generation of startups that want to create a better future for society.Selected Entrepreneurs will pitch for $800 000 which will be distributed at […]

Marriott Hotels is running an accelerator for African startups

First launched across Europe in 2016, The global hospitality chain, Marriott has launched its TestBed programme in the Middle East and Africa. The 10-week accelerator programme focusses on seed and early stage startups with products or services that improve guests’ experiences in the hospitality industry through their cutting-edge technology. Selected startups will be offered mentoring and global exposure […]

Knife Capital expands into the UK, Partners with Draper-Gain Investments

Just after the management buyout last week from JSE-listed African Dawn Capital, SA based Venture capital (VC) firm Knife Capital has expanded into London after introducing UK-based Draper-Gain Investments as a strategic investor. The London office will accelerate the international growth of companies within Knife Capital’s investment portfolio. Draper-Gain is a family office with significant global resources […]

Kalon Venture Partners & Smollan invests R14mn in SnapnSave

South African venture capital company Kalon Venture Partners (formerly Grotech) and retail solutions company the Smollan Group SA have together invested R14-million in SA shopping community SnapnSave. Kalon Venture Partners chief executive Clive Butkow said the deal  will see Kalon and Smollan each invest R7-million in the Cape Town based startup, in return for a […]

Dutch consulate announces list of startups for CocreateSA 2017

The Dutch consulate in Cape Town recently announced the names of South African and Dutch startups that will take part in CocreateSA’17. The programme is an initiative of the Netherlands Consulate General in Cape Town introduced last year. It is aimed at building of relationships between high-potential young companies from the Netherlands and South Africa. […]

South Africa Gets Its First Startup Accelerator For Beauty Entrepreneurs

She Leads Africa and the L’Oreal brand Dark and Lovely have announced a partnership to launch Africa’s first Startup Accelerator for Beauty Womenpreneurs. The South African based program will be offering $5,000 investment, mentorship and networking opportunities with the broader tech industry, including digital media, e-commerce and mobile apps. Till now, almost two hundred startups have […]

International investment in get\Worth lifts funding in Cape startup to R18.5m

Close to six months into its launch, auto industry startup get\Worth ; a web platform looking to disrupt online car sale, bagged international investment that has increased its total committed funding to R18.5-million. Get\Worth co-founder Jamie Surkont said in a press release issued that the investor was impressed by the startup’s “unique product” that solves […]

Jonga – A Cape Town startup wins Santam Safety Ideas campaign

Jonga has bagged the top position in the Santam Safety Ideas campaign for designing an affordable app for home security. The initiative which was launched in July last year, generated over 150 entries. They get R150 000 to cover the costs of incubation.The startup was founded by Ntandoyenkosi Shezi and Ntsako Mgiba in 2015. The […]

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