Top startup events in South Africa, Africa you should know about this week [24/3/2019]

For those in Cape Town, there are two exciting events taking place in the city aimed at startup founders.

The first, hosted by FSAT Labs, takes place on Tuesday (26 March) and will look at how startups can keep agile. The second, a Solution Space Learning Lunch on the same day, will cover insights startups should know around growing strong teams.

In Johannesburg, startup campus 22 On Sloane will on Wednesday (27 March) host the regional launch of the Africa Netpreneur Prize. Those in Lagos will also have the opportunity to attend a parallel event there, on the same day.

For those […]

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As SA proptech sector hots up here are five startups to watch

The proptech sector is hotting up. Last year saw online estate agency PropertyFox acquire fellow Cape Town based property platform Steeple for an undisclosed sum and Pam Golding Properties buy up low commission agency Eazi.com, also for an undisclosed sum.

The rise of property tech in South Africa follows the sector’s growth in the US. For example, online real-estate company Opendoor claimed in June last year to be valued at $2-billion following a $325-million funding round, according to Reuters.

How do SA’s proptech startups fare? Ventureburn takes a look at five SA startups from the sector to keep an eye on.

Instant Property

Commercial real-estate portal Instant Property is looking to expand into new markets on the continent. This, after it […]

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Kenya’s Bwala Africa now seeking $5m after deal with Uber investor – founder

Nairobi based logistics marketplace Bwala Africa Group is out to raise $5-million this year for “robust growth and scaling”, the startup’s founder and CEO Kennedy Nyabwala revealed today.

Through its online platform, Bwala Africa Group — which Nyabwala founded in 2017 and launched last year — aims to solve end-to-end delivery and supply chain bottlenecks on the continent.

Nyabwala’s comments follow the startup’s recently concluded equity investment deal with Silicon Valley angel investor Justin Caldbeck. The deal will see Caldbeck join Bwala Africa as a board member.

The deal was announced yesterday in an article by Kenyan tech site TechMoran. The publication […]

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Here are the African startups that pitched at Y Combinator’s Winter 2019 Demo Day

At least seven African startups were among the 189 companies that participated at Y Combinator‘s Winter 2019 Demo Day on Monday and Tuesday this week (18 and 19 March).

Twice a year, the US seed accelerator invests $150 000 in selected startups, in exchange for seven percent equity from each startup selected for its winter and summer batches. The startups relocate to Silicon Valley for three months, with each batch culminating in a Demo Day.

Nigeria dominates the lineup of African startups that made it into Y Combinator’s Winter 2019 class, with six startups coming from the West African country. Tanzanian fintech […]

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Lagos-based Itanna accelerator opens applications for 2019 programme

The Itanna accelerator, a Lagos-based initiative that invests in tech startups, has opened applications for its 2019 programme.

The accelerator, which was launched by Nigerian conglomerate Honeywell Group last August, plans to this year invest up to $30 000 in seed capital in each of the 10 startups selected for its programme.

Itanna director Tomi Otudeko (pictured above) told Ventureburn yesterday (20 March) in an email that the accelerator will this year accept applications from outside of Nigeria too. Applications close on 19 April.

Itanna will this year invest up to $30 000 in seed capital in each of the 10 startups selected […]

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Vans, minibuses or cars – mobility startup Lüla founder won’t say which

Is it a trade secret? SA mobility startup Lüla — which last month launched a bid to raise R2.5-million from investors through local equity crowdfunding platform Uprise.Africa by end of May — won’t say what kind of vehicles its crowd-sourced shuttles are.

The startup has so far raised R278 000, with 68 days left to hit the R2.5-million target.

In a statement last month, Lüla said it targets corporate commuters with over 50 employees across Cape Town. It said it crowdsources private shuttles that can offer scheduled door-to-door rides which picks up commuters from their home to work and back.

However, earlier this month when Ventureburn […]

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Property technology SA PropTech to host first event next month

A new networking organisation for South Africa’s growing property technology — or proptech — sector is set to be held in Johannesburg next month.

SA PropTech co-founder Wayne Berger revealed to Ventureburn in a phone call today that the event will be held on 10 April at co-working site Perch in Rosebank, Johannesburg.

He said the organisation, which was launched in November last year by Berger and Sean Godoy, will operate in a similar way to another Johannesburg based organisation that he has been involved in, Venture Network — in that it will offer networking, panel discussions and pitching to startups, […]

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IBM opens nominations for black tech firms with its Techscale programme

Established black owned tech companies in the financial services, healthcare and telecommunications sectors can get help from IBM to grow their business — with the latest call of IBM’s Techscale programme.

IBM South Africa has opened applications for its six-month IBM Techscale programme. Applications can be made through Joburg-based consultancy Youth Innovation Entrepreneurship Design Institute (Yiedi) which is implementing the programme on behalf of IBM.

Applications close on 10 April, while the selected companies will be announced later on in the same month.

Over the course of programme, participants will get the opportunity to collaborate with decision makers from the tech industry […]

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SA startup FlexClub closes $1.2m round led by CRE Venture Capital

Joburg-based startup FlexClub, which links investors and drivers to cars for ride-hailing services, has landed $1.2-million in investment in a round led by CRE Venture Capital.

SA angel investor and former banker Michael Jordaan, through his Montegray Capital, also took part, as did the Nairobi based Savannah Fund.

The deal was closed in early January, according to Savannah Fund’s founder and managing director Mbwana Alliy in a phone call with Ventureburn today.

According to Crunchbase, FlexClub is registered in The Netherlands and was co-founded in November last year by former Uber employees Tenashe Ruzane and Marlon Gallardo, and Rudolf Vavruch, who according to […]

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