Profile photo of Miguel Heilbron

Nigeria’s TopCheck price comparison website closes funding round with European business angels

By Miguel Heilbron on March 5, 2015

Congrats to the VC4Africa listed company TopCheck, a price comparison website for services in Nigeria, that just closed their first financing round with a group of European business angels!

The company said they closed a “six digit Euros financing round”, but did not want to disclose the amount. Launched two months ago, in January 2015, the Lagos based company allows users to compare prices of financial products such as car insurance or health insurance. Users can receive a tailored quote on their desired product online and directly contact the service provider with the most attractive conditions.

In the financing round TopCheck was able to get a group of undisclosed European business angels on board as investors. “This first round will help us to improve our operations in Nigeria and start building […]

Continue reading Nigeria’s TopCheck price comparison website closes funding round with European business angels »

Profile photo of Miguel Heilbron

Meet the Orange Cohort graduates on VC4Africa: ready for investors!

By Miguel Heilbron on February 24, 2015

Version en français plus bas / See below for French.

Orange & VC4Africa are pleased to present the Orange African Social Venture Prize 2014 finalist entrepreneurs who graduated from an intensive online acceleration program: a new batch of top entrepreneurs ready for investment.

From November 2014 to February VC4Africa supported the finalists of the Orange African Social Venture Prize 2014 competition with an online acceleration program. The Orange Cohort program sponsored by Orange helped the participants position for growth, get investment-ready and prepared for fundraising.

VC4Africa has been successfully running acceleration programs for the past 2 years, tailoring the curriculum to the needs of partners and sponsors. This is an effective way to give select entrepreneurs targeted support. The Orange Cohort program had an ICT […]

Continue reading Meet the Orange Cohort graduates on VC4Africa: ready for investors! »

Profile photo of Miguel Heilbron

VC4Africa entrepreneurs raised over USD 1.3 million in January

By Miguel Heilbron on February 3, 2015

Congratulations to the VC4Africa members who secured new funding over the last month! While we see more and bigger deals get published in the African startup space, the transparency also increases. More to share? Let us know.

Last month VC4Africa profiled some inspiring success stories we documented over 2014, and in January 2015 VC4Africa listed entrepreneurs already secured over USD 1.3 million more in funding! Also see the VC4Africa 2015 Venture Finance in Africa report for trends in progress made by startups across Africa. VC4Africa listed entrepreneurs who participated in this research indicated they had secured USD 26.9 million in total in 2014.

Below we list some examples of deals by VC4Africa listed entrepreneurs from the past month. Find out more by clicking on the companies’ VC4Africa venture […]

Continue reading VC4Africa entrepreneurs raised over USD 1.3 million in January »

Profile photo of Miguel Heilbron

Is the “best startup from emerging markets” from Africa (again)?

By Miguel Heilbron on January 29, 2015

Meet the 7 African entrepreneurs who are among the 36 finalists in the worldwide startup competition Seedstars World: Congrats to VC4Africa members Beam, Green EnergyLumkani, OkHi, Poeyek, Remit and TorQue!!

Last year 5 African entrepreneurs reached the finals and in the end VC4Africa member Simeon Ononobi of SimplePay won SeedStars World investment! This year, the Seedstars World winner 2015 will be announced coming Tuesday night, February 4th, in a grand finale in Switzerland. Over 1,500 startups from all across the world applied. The winner will receive an equity investment of up to $500k.

The VC4Africa community wishes the 7 listed African finalists presented below the best of luck and success!!

Beam Remit (Ghana)

Beam brings Bitcoins to Africa, making […]

Continue reading Is the “best startup from emerging markets” from Africa (again)? »

Profile photo of Miguel Heilbron

Tanzania’s DEMO Africa alumni company Ubongo secures USD 75K from Pearson & Village Capital

By Miguel Heilbron on January 21, 2015

Congrats to the teams of education startups Ubongo and Lekki Peninsula Affordable Schools! Both were selected to receive USD 75K in seed investments after the Edupreneurs Southern Africa incubator program 2014, facilitated by the Pearson Affordable Learning Fund & Village Capital.

DEMO Africa alumni company and VC4Africa member Ubongo is a Tanzanian social enterprise that creates interactive edutainment for learners in Africa, delivered to them via the technologies they already have. They’re bringing African families a transformational, fun new way to learn through educational media delivered through broadcast media and other accessible technologies. The video shown above of Ubongo co-founder Nisha Ligon was shot at DEMO Africa 2013. Check out their VC4Africa venture profile for more.

Lekki Peninsula Affordable Schools is a low-cost private school […]

Continue reading Tanzania’s DEMO Africa alumni company Ubongo secures USD 75K from Pearson & Village Capital »

Profile photo of Miguel Heilbron

20 of Africa’s startup investment success stories from 2014 – Inspiration for 2015

By Miguel Heilbron on January 6, 2015

The new VC4Africa 2015 Venture Finance in Africa report shows considerable progress made by startups across Africa. Below you’ll see some inspiring individual success stories we also managed to document over the past year.

Two exampleas of investors we profiled over the past year are the international business angel who invested in Karibu Solar & Soko via VC4Africa and the diaspora angel who found Njorku and Kiroo Games via VC4Africa’s mentorship Marketplace and went on to invest in them.

Below we’ve listed specific examples of entrepreneurs across Africa who found success, got funded and got profiled on the VC4Africa blog in 2014. For more on trends and general developments read the VC4Africa 2015 Report: Venture Finance in Africa.

We hope the examples listed below inspire you. Please add other investment success stories from the […]

Continue reading 20 of Africa’s startup investment success stories from 2014 – Inspiration for 2015 »

Profile photo of Jenni Lansisyrja

8 upcoming startups from Kenya

By Jenni Lansisyrja on December 4, 2014

Below we feature 8 top startups from Kenya, all fundraising on VC4Africa!

Click on the venture profiles below for more info, read the documentation and connect with the entrepreneurs. Only accredited investors who registered a VC4Africa Pro Account can access the company’s private documents, business plans, financial projections and all other details from the listed ventures’ VC4Africa profiles. (Login with an existing Pro Account here, or get more info.)

 Venture  Funding 
ASiM is a Sales and stock management solution connecting warehouses, sales agents, customers & more. Read more on their VC4Africa venture profile. Funding required:
USD 250,000
  M-Changa is an automated online fundraising platform accepting both mobile money and credit card donations. Read more […]

Continue reading 8 upcoming startups from Kenya »

Profile photo of Miguel Heilbron

DEMO Africa alumni ChopUp – Nigeria’s social gaming platform – secured USD 100K from investors

By Miguel Heilbron on November 30, 2014

Congratulations to the ChopUp team! We had a chance to catch up with Chopup co-founder Bayo Puddicombe (DEMO Africa alumnus & VC4Africa member) after the company closed their Series A investment round from a group of local and international angel investors. “Over the next five years, we want to be one of the top five mobile game development companies by revenue operating in Africa.”

“Africa my Africa, Africa of proud warriors in ancestral savannahs…” – starting their DEMO Africa 2013 pitch with the first lines from a famous poem by David Diop and unfolding their company’s success story convincingly and with humor, the ChopUp founders left a great impression on the DEMO Africa audience last year.

Before starting Chopup the co-founders Bayo Puddicombe & Zubair Abubakar […]

Continue reading DEMO Africa alumni ChopUp – Nigeria’s social gaming platform – secured USD 100K from investors »

Profile photo of Jenni Lansisyrja

4 DEMO Africa 2014 alumni present at DEMO Fall in Silicon Valley

By Jenni Lansisyrja on November 27, 2014

Congratulations to the 4 startups who travelled to Silicon Valley and pitched at DEMO Fall last week during Global Entrepreneurship Week!

The selected four – Chura, Nerve, PaySail, and SpacePointe – were chosen among this year’s 40 DEMO Africa entrepreneurs and presented to an international audience evaluating their potential. See some photos below. Good luck to the new generation of DEMO Africa entrepreneurs next year, we hope these stories inspire more tech innovators in Africa and will keep you posted on updates! Investors with a VC4Africa Pro Account can get full access to details of these and other ventures on VC4Africa.

Byron Sitawa demonstrated DEMO Africa alumni Chura. See their VC4Africa venture profile to find out more!

Continue reading 4 DEMO Africa 2014 alumni present at DEMO Fall in Silicon Valley »


Profile photo of Miguel Heilbron

Tanzania’s green innovator Karibu Solar Power secures investments via VC4Africa!

By Miguel Heilbron on November 25, 2014

Congrats to the team of Karibu Solar Power! Last week we profiled one of the investors who found the company through VC4Africa and invested a “five digit sum”. This week we catch up with the company’s Executive Director Adam Camenzuli.

Inspired by this green success story? Applications for Africa’s Green Pioneer Accelerator close December 1st.

KARIBU Solar Power is based in Tanzania and makes lighting & electricity affordable by offering a solar pay-as-you-go “business in a box” kit to entrepreneurs. KARIBU’s business model allows consumers to enjoy the benefits of solar lighting, while paying in small increments, just like they would for kerosene. For more background see an earlier interview and for an update see below.

What was it like to be contacted by investors through the VC4Africa platform, and […]

Continue reading Tanzania’s green innovator Karibu Solar Power secures investments via VC4Africa! »