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Venture capital

  • 7 technical risks every startup investor should be aware of

    By: Vasiliy Soloshchuk & Vitaliy Koval Implementing a startup project, regardless of its nature, is associated with a number of risks that need to be taken into consideration. When a project is implemented properly, these risks can be efficiently curbed by the startup founders during the different stages of the project lifecycle. Statistically, more than 20% of all the risks technology projects are derailed by are associated with a startup’s technical implementation, and not the erroneous selection of the market niche, or how innovative their product or service offering is. In other words, this means that even the brightest business idea has...

  • 5 crucial questions that will help you choose your VC dream team

    When you’re out saving the world, it sometimes helps to imagine that you’re a superhero. The startup world is bright and exciting — full of “Pow!” and “Wham!” — but you can’t do everything on your own. In this bright and crazy comic-strip world, your investors are part of your dream team, popping up at just the right moment and kicking butt on your behalf. Finding the right venture capital fund to support your startup is like holding auditions for a loyal sidekick. You need to find a balance between brains and brawn, size and skill. You need investors who offer...

  • NewGenAngels group seeking to invest over $150k in African startups

    NewGenAngels is a members-only investment club that wants to highlight the cream of Africa's early-stage business crop. The Angel investment group has a keen focus on the diaspora and, with rather deep pockets, is looking to deploy between US$150 000 and US$500 000 per company and aims to activate 1000 angels by 2020. Very bold indeed. According to the group, it prefers service and technology based businesses in Africa with strong growth dynamics, fragmented competition, a sizeable industry, low exogenous risk and straightforward operations. It's already got the likes of African music discovery service Orin under its belt who's co-founder...

  • Savannah Fund intros 3 new tech startups for its accelerator class

    Savannah Fund has recently announced the third batch of tech startups to take place in the Fund's accelerator class. The group includes BIGxGh from Ghana, Nigeria's UniSmart and Zevan Limited from Kenya. Based in Nairobi, Kenya the venture capital Fund has supported 13 startups since it launched a few years ago which include companies such as Kola Studios and Binu. Savanah Fund offers US$25 000 to each business as well as a three-month acceleration programme in exchange for 15% equity. What initially started with a focus on East Africa, Savannah Fund now sources these three latest startups from a total of...

  • Azimo closes $10m Series A fundraising deal to fuel emerging market expansion

    Azimo, the clever UK-based FinTech startup that enables international money transfers through novel ways, has closed a US$10-million Series A funding round led by Greycroft Partners. Accion’s Frontier Investments Group, e.ventures, TA Ventures, RI Digital Ventures and KRW Schindler Investments also took part in the round. The startup will use the money to accelerate its European expansion and target other key markets in North America and Asia. Emerging regions, which host an estimated two and a half billion unbanked consumers, are important growth markets for the startup. Azimo's European customers send money in increasing volumes to 192 countries, with the fastest...

  • Nomanini secures series-B bringing total capital raised to over R20-million

    Nomanini, the company that delivers physical prepaid vouchers through its little cloud-connected box, has secured an undisclosed amount in series-B funding from Seychelles-based investment company Rockbridge Investments Limited. The latest financing brings the startup's total raised capital to over R20-million -- roughly US$2-million. The funds will enable Nomanini to expand its prepaid platform across Africa and in to other developing countries. In 2012, Nomanini raised US$600 000 in series-A funding from Netherlands based eVentures Africa Fund (eVA Fund) as well as Esther Dyson — the angel investor who sits on the board of companies such as 23andMe, Evernote and...

  • Globevestor matches global-minded investors with emerging market startups

    Emerging market startups, especially those at the pre-revenue mark, continue to find access to early-stage capital (US$150 000 to US$1.5-million) challenging. At the same time, global-minded angel investors in Europe and the US are looking to invest in quality emerging market ventures. While news about venture deals continue to trickle out from risk-averse developing economies, Globevestor, a new Silicon Valley-based venture capital platform, is looking to heat up investment opportunities by becoming a conduit through which US and Europe-based angel funding can reach quality startups in emerging regions. Launched in February this year, Globevestor manages the entire investment process online --...

  • How to land seed funding

    There's a very slim chance you know who Steve Schlafman is, but you've probably heard of Turntable.fm, the fleeting viral interactive music sharing service that raised US$7-million, before pivoting to focus on live, interactive music performances as Turntable Live. Schlafman was VP of Business Development at StickyBits, a QR code startup which eventually became Turntable.fm Since then, Schlafman has turned to investing. First joining Lerer Ventures and then RRE Ventures, an early stage investor in New York City with investments in startups like BuzzFeed, Kik, MakerBot and Bitly. While at Lerer, Schlafman focused on seed stage work, and now overlooks Series A...

  • Unwrapping the mysteries of SA’s venture metrics landscape [Infographic]

    With additional reporting by Mich Atagana South Africa's startup landscape is an industry wrapped in mysteries and enigmas. It's a world of near facts and almost could be truths, especially when it comes to funding. The average entrepreneur is not a 21-year-old University dropout. Also not all of them are men, yes women start companies too. In a survey conducted by Knife Capital, around 337 entrepreneurs shed some light on this cloak and dagger industry and provided some interesting insights about venture seeking entrepreneurs and what they think their business is worth, how the founders met as well their risk...

  • Michael Jordaan’s MonteGrey Capital makes first VC bets and it’s all about tech

    Last year when former FNB head Michael Jordaan joined South African instant messaging service Mxit as chairman, we heard that his new aspirations were to learn more about innovation and investing in startups. Soon after, Jordaan launched his first VC firm, MonteGray Capital. Today, news came about that the first companies getting a cash injection from MonteGrey include interesting tech companies such as Multisource, Bright Black and Execmobile. Jordaan has mentioned before that he's interested in "disruptive technologies that will change the world in the next 10 years," and all three companies mentioned above focus on using disruptive tech...