Wednesday, January 15, 2025
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Venture Capital news

Education

SA Edutech Startup FoondaMate Raises $2-Million in Seed Funding

Luis Monzon -
South African edutech startup FoondaMate, that offers a chat-based, AI-powered studying platform has announced that it has raised $2-million during a round of seed funding. 'FoondaMate' takes its name from the isiZulu word for study (funda) and the English slang...
FinTech

SA Company Wins $50-Million in Africa’s “Largest-Ever” Crypto Raise

Luis Monzon -
VALR.com, a cryptocurrency exchange headquartered in South Africa, today announced that it has raised $50 million (over R750 million) in Africa’s largest ever crypto funding round. This values the company at $240 million. VALR’s oversubscribed Series B equity funding round...
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...
Startups

Nigeria’s OPay Raises $400-Million in Largest Investment Round by African Startup

Luis Monzon -
Nigeria-based fintech OPay has secured $400-million during a new funding round left by SoftBank Vision Fund, Japanese conglomerate SoftBank's venture capital arm. According to Tech Cabal, this latest funding round brings total investments into OPay to $570-million and sees the...
Startups

Elon Musk’s Neuralink Brain-Computer Devices Raise $205-Million

Luis Monzon -
Neuralink, the brain-computer interface startup founded by tech tycoon Elon Musk, has raised $205-million during a round of Series C funding. The biggest amount raised by far for any company in its field. In a post on Neuralink's official blog,...
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

Artificial IntelligenceMamsi Nkosi -

How Can South African Banks Leverage Generative AI for Growth?

The global banking landscape is experiencing seismic shifts, driven by the rapid advancement of technology and evolving consumer expectations....
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