Venture Capital articles

South Africa’s Naspers acquires 100% stake in Turkey’s e-commerce giant, Markafoni

South African media giant, Naspers has now acquired 100% stake in Turkish e-commerce giant, Markafoni in a deal said to be one of the biggest in the Turkish Internet industry. Back in July 2011, Naspers acquired almost two-thirds of the company at a reported $200 million valuation, according to Tech Europe.  Markafoni was founded in


Nigerian-Owned Online Video Marketplace, PublicVine Receives Around $10 Million “Series A” Investment

US-based online and mobile social video marketplace, PublicVine founded by Nigerian entrepreneur, Nam Mokwunye, has received “Series A” investment of around $10 million as it plans to commence its global commercial launch in June 2014.


5 African Start-ups Receive Seed Funding From Microsoft

In a bid to empower the next generation of developers and entrepreneurs in the continent, Microsoft has awarded five African start-ups across Kenya, Uganda and Nigeria with innovation grants, through its 4Afrika initiative launched last year.


1st Angel Fair West Africa Comes To Lagos This March

Lagos has been chosen to host about 100 investors and entrepreneurs from within and outside Africa at the inaugural Angel Fair West Africa come March 30th & 31st, where entrepreneurs would meet investors in order to ‘do deals’.


Tony Elumelu’s Heirs Holdings Invests In U.S. Space Technology Startup, Planet Labs

San Francisco-based Heirs Holdings, the pan-African proprietary investment company founded by former United Bank for Africa Group CEO, Tony Elumelu, has announced an undisclosed investment in US start-up Planet Labs.


iROKOtv Raises Additional $8 Million In “Series D” Funding From Kinnevik and Rise Capital

Just about a year since it raised $10 million in Series B and Series C funding from US-based Tiger Global and Sweden-based Kinnevik, iROKOtv, the world’s largest distributor of African movie content online has secured an additional round of $8 million.


Africa’s Largest Online Classifieds Group Receives $20 Million In Funding From Australia’s Largest Jobs Site, SEEK

When two of Africa’s leading players in the classified ads space teamed up last year to build what has now become the largest online classifieds entity in the continent, it was only time before it got attention from global investors and international media. Today, SEEK, the largest jobs site in Australia announced that it has


South Africa’s Silvertree Capital Invests Into Two Nigerian E-Commerce Companies

Silvertree Capital, a South African-based company builder and venture capital investor focused on the African market has announced it has made an undisclosed investment into two of Nigeria’s leading e-commerce sites, and


After Raising Close To $70 Million, E-Commerce Company, JUMIA Builds A 90,000 sqft Warehouse in Lagos

As it celebrates its first year anniversary today, Nigeria’s largest online retailer, JUMIA is moving into its 90,000 square foot warehouse located in Ogba, Ikeja, Lagos, just a month after it raised $35 million in funding from Millicom.


Startup Stock Exchange Opens On June 10 To Help African Startups Sell Shares To Investors

Startups looking to raise money from global investors by selling ownership shares in their companies can now do so through the Startup Stock Exchange, a regulated global public marketplace for startup investing pre-launched last July. The world’s first online stock exchange for startup investing and funding will open its marketplace on June 10, 2013 allowing

Jason at MWWA2013

Jason Njoku Owns 35 Percent Of Mark Essien’s Hotels Booking Startup

By now, it is no longer news that SPARK is putting $1 million into local Internet start-ups this year in what can be described as the most audacious bet on the early-stage Nigerian Internet space. But as the news gradually filters through the fabric of the tech ecosystem, Techloy has exclusively learnt (after a tip-off from