African crowdfunding Article / crowdfunding Blog

Legal advice for entrepreneurs: the ABCs of Due Diligence

Investor funding can be the lifeblood of a start-up. However, most investors will want to conduct a due diligence investigation on a business before investing any funds or taking up an equity share. What does this mean for your business if you are looking for funding? These tips should assist& What is a due diligence investigation? A due diligence investigation examines the structure and operations of the target company, its assets and liabilities, as well as any po

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Cape healthtech iNNOHEALTH raises seven-figure seed capital

Cape Town-based startup, iNNOHEALTH has announced an undisclosed seven-figure investment from a Hong Kong-based VC. The investment will go to expanding the startups doctor-led app, MyPocketHealth, launching later this year for the national user base. The AI-enabled healthtech offering is set to position iNNOHEALTH at the forefront of digital healthcare in SA, easing the delivery of crucial primary healthcare services and products. Covid-19 has made virtual healthcare a

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Lagos startup Terragon secures growth investment

Lagos-based startup Terragon has secured an undisclosed investment from VestedWorld , an Africa-focused early-stage investment fund manager. The firm announced the partnership on 30 June 2021. VestedWorld has invested in Terragon to further increase the companys geographic reach, expand its product suite and develop new partnerships. Understanding the African consumer Founded in 2011 with the vision to become the leading marketing technology company in Africa, Ter

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Ghanaian fintech Zeepay completes $7.9-million funding round

Accra-based fintech Zeepay announced the completion of a $7.9-million Series A.0 funding round on 30 July 2021. Funds raised hybridise equity and balance sheet funding to support Zeepays operations. Founded in 2014, Zeepay is currently the fastest growing mobile financial services company in Africa, with termination agreements in over 90 jurisdictions globally. The app allows digital remittances from the diaspora to mobile wallets, bank accounts and visa cards across 20 markets in A

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Cape startup Brown and Ayo awarded R4-million investment

Enygma Ventures has announced a R4-million investment into Cape Town-based black hair care and lifestyle brand Brown and Ayo . The investment reflects the venture capital firms ongoing mission to support women entrepreneurs across the SADC . Digital marketplace for natural black hair care Since its inception in 2019, Brown and Ayo has provided customers with an extensive online marketplace of natural hair extensions created to mimic black natural hair textures. The

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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 , Cathay AfricInvest Innovation Fund, and SBI Investment. Phuthi Mahanyele-Dabengwa, South Africa CEO of Naspers comments on the importance of supporting innovations that address mobility issues. Mobility remains an obstacle for billions of people in high-growth markets across the worl

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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 Harvest venture Capital II fund. Clive Butkow the CEO of Kalon Venture Partners comments on the funding round injected into the innovative local tech startup. Having Endeavor on board really validates the problem that Sendmarc is solving and provides the team access to their global netw

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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 Ventures, Egypt Ventures, and Sango Capital. According to reports, the recent raise of funding brings the total financing that the company has garnered since its inception to a total of $14.5-million. Cyril Collon, General Partner at Partech attributes their investment into the startup to its unique business mode

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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 other investors. According to reports, the funding will be used to help the biotech startup meet its demand for remote health monitoring that has been spurred on by the global pandemic. Laurence Olivier, Chief Executive of LifeQ provides insight into how the capital will be used. "Much of the capital from the Serie

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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 EFG-EV, and a group of reputable angel investors. Tarek Assaad, Managing Partner at Algebra Ventures attributes their investment into the startup to the innovative financial products offered in a market that requires a tech-enabled solution. The agriculture industry suffers from price

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Nigerian fintech startup BFREE secures funding

Lagos-based fintech startup BFREE has secured an undisclosed amount of funding in a seed round led by Nigeria-based Beta.Ventures alongside Launch Africa Ventures and GreenHouse Capital. Ike Eze, of Beta Ventures, attributes the investment into the fintech startup to its social impact feature that assists individuals in managing their existing debt and becoming financially stable. We are really excited to help grow the first ethical credit management company on the cont

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Startup Circles secures R2.1-millioninvestment

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 from US Venture Capital fund, Enygma Ventures . Sarah Dusek Managing Partner of Enygma Ventures explains that the investment is a strategic commitment to the local entrepreneurial ecosystem. Weve been incredibly impressed by the talent of African entrepreneurs but sometimes the di

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