Saturday, March 22, 2025
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Venture Capital Africa

Company News

Gumtree SA Acquired by VC Firm – Potential African Expansion in Future

Luis Monzon -
One of South Africa's largest online marketplaces, Gumtree, has been acquired by Impresa Capital, a Durban, South Africa-based firm led by tech businessmen and venture capitalist brothers Sean and Donovan Bergsma, founded in 2002. According to a report from MoneyWeb,...
Startups

MFS Africa Raises $100-Million in Series C Funding

Luis Monzon -
MFS Africa, one of Africa’s largest digital payments networks, has raised $100-million through an equity and debt financing round. The fundraising marks another milestone in MFS Africa’s expansion, following a series of acquisitions and investments in other African fintechs, including...
Africa By Region

The Top African Regions Set to Become Startup and Investment Hubs

Luis Monzon -
On the back of Cape Town being recognised as the tech capital of Africa, topping international rankings for foreign direct investment strategy, Ian Lessem, Managing Partner at HAVAÍC – investors in early-stage, high-growth technology businesses – says several other...
East Africa

Kenyan Food Delivery Startup Secures $1-Million Pre-Seed Ahead of August Launch

Luis Monzon -
Upcoming Kenyan food delivery startup Kune has closed a pre-seed funding round at $1-million in investments. The startup, which seeks to prepare and deliver freshly-made, ready-to-eat meals at affordable prices, will look to use the capital boost to scale its...
Southern Africa

Cape Town Tech Startup Secures $14.5-Million More in Funding

Luis Monzon -
Cape Town-founded mobility tech startup WhereIsMyTransport has secured a total of $14.5-million during a Series A extension round to continue its expansion. This is in addition to the R42-million ($3.09-million) in funding it received from South African media mega...
Africa By Region

4 Fresh Venture Capital Trends Shaping New African Investments

Luis Monzon -
With the second half of 2021 approaches and COVID-19 vaccinations roll out across the globe, albeit at varying rates, Ian Lessem, Managing Partner at HAVAIC, investors in early-stage, high-growth technology businesses, considers the trends making an impact on the...
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Latest News

Digital TransformationMamsi Nkosi -

How Does the 2025 Budget Support Digital Transformation?

The 2025 National Budget Speech, delivered by Finance Minister Enoch Godongwana, marks a defining moment for South Africa’s economy....
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