Tag: South Africa

South Africa’s SnapnSave Secures R14m Investment From Kalon Venture Partners And Smollan

South Africa's venture capital company Kalon Venture Partners (formerly Grotech) and retail solutions company the Smollan Group SA have together invested R14-million for a minority stake in SA shopping community SnapnSave. Kalon Venture Partners chief executive Clive Butkow said the deal, which was concluded late last week, will see Kalon and Smollan each invest R7-million ...

Silvertree Internet Holdings investments hit over $15m since launch | plans to invest over $10m in the next 12 months

Cape Town-based Silvertree Internet Holdings (Silvertree,) has recently reached the milestone of over USD 15m (approx. ZAR 200m) channeled into African consumer-focused technology companies since inception in 2014. Looking forward, Silvertree plans to invest over USD 10m (ZAR 130M) in the next 12 months into new and existing portfolio companies ...

Software-as-a-service platform for lawyers Drive Revenue closes angel funding from HAVAÍC to bolster its sales traction

Drive Revenue an online accounting software firm for lawyers,  has, with the assistance of HAVAÍC, has successfully closed its first external funding round to continue its development of a cloud-enabled financial management system which is specifically geared towards legal practices. According to Jenny Assheton-Smith, the CEO of Drive, “Since going ...

South Africa’s WhereIsMyTransport secures £1.2m to digitally map the country’s informally run public transport

 WhereIsMyTransport, a public transport data and technology startup founded in South Africa has raised £1.2 million from the Global Innovation Fund (GIF), Goodwell Investments and Bombardier to help it complete the digital mapping of informally run public transport in South Africa’s major metropolitan areas. This investment follows a £1.165m seed ...


South Africa’s fintech firm Entersekt raises a multi-million dollar funding from RMI and NPE to supercharge its global expansion

Rand Merchant Investment Holdings and Nedbank Private Equity have invested into Entersekt in a multi-million dollar transaction that will see the Stellenbosch-based innovator expand its authentication and app security technology into international markets and bolster its RD. The capital injection, which saw each firm acquire minority shareholdings in Entersekt was channeled ...

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