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22-26 September 2014, Lagos

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VC4Africa community celebrates 1000 published SME companies from across Africa!

By Miguel Heilbron on April 22, 2014


This week we published the 1000th venture profile on VC4Africa! Check our ventures map, see some numbers on countries & sectors below, and read at the bottom how to join Africa’s venture capital platform too!

VC4Africa is the largest online community connecting Africa’s most promising SME entrepreneurs with qualified investors and various resources. Today there are 15,000 entrepreneurs, mentors, investors and business professionals part of the VC4Africa community spread across 159 countries, including more than 600 Angels and early stage VC investors.

To date VC4Africa has processed more than 1,800 venture applications from entrepreneurs all across Africa, of which 1,000 venture profiles were published to the VC4Africa.biz website. VC4Africa publishes ventures that are disruptive in their business model, are scalable and offer innovative [...]

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Pushing Africa’s SMEs further through technology – Interview with Zegetech, creators of MPAYER

By Miguel Heilbron on April 22, 2014

Today’s featured members of the VC4Africa community are entrepreneurs Stella Njoki and Kariuki Gathitu, the co-founders of Zegetech, creators of MPAYER. They won many awards and challenges and are currently raising capital. “We are excited to be part of the great technological revolution that our children will be taught about as history.”

Two years ago, at the inaugural DEMO Africa event, Stella Njoki and Kariuki Gathitu launched their product MPAYER, an app for businesses to manage income and expenses. Read the interview with Stella Njoki below.

What’s the essence of your business and why is it interesting for investors?

“Zege Technologies is a payments and communication platform. Our core strategy is to offer our products to the big enterprise market as well as the [...]

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Meet Nigeria’s LPM/L’Espace: raising capital to take Africa’s fashion to the world

By Miguel Heilbron on April 15, 2014


Today’s featured members of the VC4Africa community are entrepreneurs Isoken Ogiemwonyi & Wonuola Okoye of LPM/L’Espace
Having achieved a substantial impact on the Lagos shopping culture already, they’re currently looking for investments to expand in Nigeria and internationally.

After participating in the virtual accelerator program of venture capital community VC4Africa they recently pitched their Nigerian fashion company at the Angel Fair West Africa event in Lagos, where 20 African SME entrepreneurs pitched in front of investors.

L’Espace is a multi-brand concept store in Lagos; Le Petit Marche (LPM) is an innovative monthly market. Co-founder Isoken Ogiemwonyi originally graduated as a lawyer (LL.B) and also holds a Postgraduate Diploma in Hospitality Administration and an MSc in Management. Co-founder [...]

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Meet Green Energy & Biofuels, “West Africa’s best clean energy investment opportunity”

By Miguel Heilbron on March 21, 2014

160.000 clean stoves sold in 2.5 years! Nigerian company Green Energy & Biofuels, winner of various prizes and recently named “the best clean energy investment opportunity in West Africa”, is currently raising capital. See their VC4Africa venture profile for more info (sign up for the VC4Africa Investor Pro Account and get access to documents and full details).

Green Energy & Biofuels currently has approximately $1.5 million USD available from a $4 million Series A equity round. In addition, $3 million debt is also sought. We had a chance to catch up with Femi Oye, Green Energy & Biofuels Founder and CEO, aspiring to become Africa’s first multi-billion dollar renewable fuels company. The company is participating in the Global Social Benefit Incubator [...]

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Nomanini secures series B funding from Rockbridge Investment Limited

By Miguel Heilbron on February 25, 2014

Congratulations to VC4Africa member Nomanini! We featured them in 2012 when they secured their series A round, and this week they announce the closing of their series B! With new investments from Seychelles ­based investment company Rockbridge Investments Limited, Nomanini will expand its prepaid platform across and outside Africa.

Nomanini is a social enterprise based in South Africa, providing technology for the distribution of prepaid services. Nomanini secured their series ­B funding from Seychelles­ based investment company Rockbridge Investments Limited this month. The latest financing brings the startup’s total raised capital to over ZAR 20 million, or USD 1.9 million.

In 2012, Nomanini raised USD 600 000 in series-A funding from Netherlands based eVentures Africa Fund (eVA Fund) as well as Esther Dyson — the angel [...]

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VC4Africa’s Mentorship Marketplace celebrates 100 mentors!

By Miguel Heilbron on February 17, 2014

This week the 100th mentor has joined VC4Africa’s Mentorship Marketplace! This online peer-to-peer platform connects entrepreneurs in Africa with local and global business experts, as a part of the VC4Africa community with thousands of members across Africa and the rest of the world. We had a chance to catch up with some of the 100 mentors and around 100 mentees on the platform focused on building successful African businesses.

Since the launch of the Mentorship Marketplace in April 2013, 58 matches have been made between entrepreneurs and business experts to date, of which around 15 have been closed successfully. In many other cases the mentoring process is still ongoing, and new requests are added every [...]

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MoboFree secures growth investment! Read the inside story and get fundraising tips from their CEO

By Miguel Heilbron on February 12, 2014

Congratulations to Mobofree, Africa’s mobile ‘scam-free’ market place to buy, sell and swap products! Mobofree secured a significant growth funding from the Netherlands based eVentures Africa Fund (eVA Fund), part of the VC4Africa Investor Network, and co-investor Million Monkeys.

Around six month ago Mobofree joined the VC4Africa platform for their fundraising campaign. We had a chance to catch up with Mobofree’s CEO Neringa Pazusyte; read the interview below. We expect to become Africa’s leading online marketplace”. “VC4Africa is a great platform allowing entrepreneurs to find investors… Just don’t forget – you must be an active VC4Africa community member”.

Congratulations with the investment you secured! What have you secured, how will you use [...]

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Is one of Africa’s startups the “Best Startup in the World”?

By Miguel Heilbron on February 3, 2014


Meet the 5 African entrepreneurs who are among the 20 finalists in the worldwide startup competition Seedstars World: VC4Africa members Jooist, RetailTower and SimplePay – and GustPay and Foyo! This Tuesday night, in a grand finale in Switzerland, the Seedstars World winner will be announced. Nearly a thousand startups from all across the world applied. The final winner will receive an equity investment of up to $500k, and be crowned “Best Startup In The World”. The VC4Africa community wishes the 5 listed African startups the best of luck and success!!

Criteria to enter the competition were as follows: less than $500k capital; maximum 2 years since founding date and a product that is up and running on the market; global [...]

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Egypt’s touch sticker innovation ViViFi secures USD 70K from investors, continues to raise USD 1.2M

By Miguel Heilbron on January 29, 2014


Egypt’s innovative touch sticker company ViViFi, one of the champions of the recent DEMO Africa 2013 conference, secured USD 70K from investors and is now raising a new round of USD 1.2 million and looking for partnerships with large technology manufacturers in African, North American and European markets. Accredited investors who registered a VC4Africa Pro Account can see full details on ViViFi’s VC4Africa venture profile. We had a chance to catch up with ViViFi founder Haitham Desoky.

Please introduce your product?

“Our touch sticker innovation invisibly turns non-conductive materials into touch surfaces that can interact with human contact. The technology can transform all non-conductive surfaces with limited thickness – like wood, glass, etcetera – into touch sensors or screens, through [...]

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Africa’s job portal Njorku: Looking for a mentor, ended up with an investor too!

By Miguel Heilbron on January 27, 2014


Cameroonian entrepreneur Churchill Nanje Mambe, founder of job search platform Njorku, was looking for a mentor on VC4Africa’s Mentorship Marketplace, and ended up with a new investor too! Read his story below.

What happened when you put a request on VC4Africa’s Mentorship Marketplace last year?

“When we published the mentorship request on VC4Africa, we got two reactions from potential mentors. The mentor I accepted was from Cameroon like myself, but now living abroad, and had co-founded an Internet company with revenues of 7 million USD per year. With his experience in building web companies he has been guiding and coaching my team and me for around half a year now.

Thanks to VC4Africa’s Mentorship Marketplace I met this guy, he helped [...]

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