Takealot Online (Pty) Ltd, a Cape Town, South Africa-based eCommerce company, receives a R960m (approx. $69m) investment from Naspers (NPN.SJ and LSE: NPSN).
Pargo, a Cape Town, South Africa-based high tech logistics and fulfillment company, secured over R15m in equity funding.
Eventerprise.com, a Cape Town, South Africa – based global events platform that connects event-related businesses with potential clients, raised $400k in funding.
South Africa-based online lending platform Lulalend raised a new round of financing of undisclosed amount.
Zoona, a Cape Town, South Africa-based fintech company, raised $15m in Series B financing.
Cape Town, South Africa-based firm 4Di Capital held a R256m (approx. $17.5m) first closing of a new technology venture capital fund.
Snapt, a Johannesburg, South Africa-based provider of load balancing, web acceleration and security software, received $1m in growth funding.
Giraffe, a South African-based low-cost automated recruitment service, closed a seed round of funding.
Hepstar, a Cape Town, South Africa-based digital insurance distributor, raised US$2m in funding.
Automattic, the company behind WordPress, acquired WooThemes, the company that creates themes and plugins for the same CMS ecosystem. The amount of the acquisition was not disclosed. Following the deal, WooThemes products (extensions, themes, etc.), licenses and experience will continue as before. The team of 55 people in 16 countries will be added to Automattic’s 325 people in 37 […]
South African social photography app Over won the award at U-Start Conference Milan, which took place last week in Milan. The startup secured final stage funding, plus a coveted place at U-Start’s International Investor Road Show beating 19 global contenders from South America, Russia, Africa and Europe who participated at the live pitch competition. Led […]
Qorus Software, a Cape Town, South Africa-based provider of document automation solutions for Microsoft Office and SharePoint, secured a minority equity investment from Horizon Equity Partners. The amount of the transaction was not disclosed. The company intends to use the funds to expand its sales and marketing plans for a formal entry into the North […]
Emerging markets fund manager LeapFrog Investments held the initial close for its second fund at US$204m. Supporter included MetLife Inc., Prudential (USA), XL Group, Achmea, PartnerRe and Swiss Re, JPMorgan Chase & Co., Christian Super and TIAA-CREF, CDC, DEG, the European Investment Bank, FMO, and Oikocredit. Led by Andrew Kuper, President and Founder, LeapFrog Investments […]
Zando.co.za, a Cape Town, South Africa-based fashion e-commerce retailer, has received a €20m equity investment from Summit Partners. Summit will take a stake in the company through its German holding company. Launched on the 23rd of January 2012 by Manuel Koser and Peter Allerstorfer, Zando.co.za now offers and 10,000 products including clothing, beauty and accessories […]
ZANDO, a Cape Town, South Africa-based fashion e-commerce retailer, has received an investment from J.P. Morgan Asset Management. The amount of the transaction was not disclosed. The investor, which will take a stake in ZANDO through its German holding company, will help the company increase its portfolio of products and continue to grow its e-commerce […]