Saturday, March 28, 2020

Singularity backs Sliide

Singularity Investments has backed Sliide Airtime, a mobile technology portfolio company also based in Nigeria. The financial details have not been disclosed. Singularity is acquiring...

GroTech raises $4m for tech fund

South Africa’s GroTech has raised approximately $4 million (R62 million) for the first capital raise of GroTech Venture Capital Fund, a 12J venture capital...

Andreessen in fintech deal

US-based early stage investor Andreessen Horowitz (a16z) has led a $9 million series-A investment round into Africa-focused financial technology services company Branch. The round was...

Silvertree in ecommerce deal

Silvertree Capital has backed a deal to buy DealDey, a Nigeria-based technology-based retailer that offers an ecommerce platform. The firm has backed the company through...

EchoVC backs S&T

EchoVC Partners has sealed an early-stage deal to acquire a 30% stake in technology-focused  advertising  services provider S&T Media, based in Nigeria. The deal understood...

Convergence buys into inQuba

Convergence Partners has acquired a minority stake in South Africa-based business services technology company inQuba. The financial details have not been disclosed. Convergence is backing...

Amadeus backs Hepstar

Amadeus Capital Partners has committed $2 million for an equity stake in South Africa-based financial services company Hepstar. The financial details have not been...

Convergence portfolio company in bolt-on deal

Convergence Partners’s technology services portfolio company Synergy Communications (SynCom), is working on plans to bolt on a new company in Botswana. SynCom plans to acquire...

Edge Growth backs cleaner

Edge Growth has backed an early-stage deal to invest in South Africa-based technology-based business services company SweepSouth. The investor partnered with First National Bank (FNB)...

Amadeus seals first Africa deal

UK-based specialist technology investor Amadeus Capital Partners has sealed its first deal in Africa, backing South Africa-based technology-based travel services company Travelstart. Amadeus has invested...