Wednesday, June 3, 2020

BoE in SA tech deal

BoE Private Equity and Convergence Partners have backed a deal to invest an approximate $17.2 million (R250 million) into South Africa-based technology company Comsol. BoE...

VestedWorld seals first Nigeria deal

US-based early stage investor VestedWorld has injected an undisclosed amount into Nigeria-based energy management services company Beacon Power Services (BPS). The deal marks its...

Silvertree backs Pet Heaven

Silvertree Internet Holdings has backed South Africa-based consumer goods technology services company Pet Heaven, acquiring a minority stake. The financial details have not been disclosed. The...

HAVAIC backs tech deal

Early-stage investor HAVAIC  has backed South Africa-based technology software company Digital Cabinet. The financial details have not been disclosed. The investment, structured as a convertible...

Nedbank & Convergence back tech deal

Nedbank Private Equity and Convergence Partners have backed a deal to invest an approximate $17.2 million (R250 million)  into South Africa-based technology company Comsol. The...

Algebra launches tech fund

Algebra Ventures has launched a venture capital fund targeting the technology sector in the Middle East and North Africa (MENA) region. Algebra Ventures Fund I...

Yellowwoods backs DataProphet

Yellowwoods Ventures Investments has acquired a significant stake in South Africa-based technology company DataProphet. The financial details of the early-stage deal have not been...

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...