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Applications For V&A Waterfront Kitchen Incubator Opens

The V&A Waterfront’s, Makers Landing, a development created by the V&A Waterfront in partnership with the National Treasury’s Job Fund has opened applications for its Food Lab incubation programme.  Applications close on 23 October 2020  Westleigh Wilkinson, Makers Landing Project Lead provides insight into the aims of the programme and Makers Landing.  “We have developed a value-driven approach for Makers Landing. Our plan is to immerse our entrepreneurs in an inclusive and innovative space, where they will be nurtured by food industry mentors who are influential and successful in their own right. By matching natural creativity and passion for food with knowledge and new skills gained, our entrepreneurs will...

Jordan’s ISSF Invests In Endeavor Catalyst’s Third Fund

Endeavor Catalyst, the investment vehicle of global non-profit organization Endeavor, has closed its 3rd Fund "Endeavor Catalyst III", with $134 million, of which $2 million is from Jordan’s Innovative Startups and SMEs Fund (ISSF), and $1.7 million from other Jordanian Limited Partners ("LPs"), according to a statement by its Managing Director, Allen Taylor. The rest of the amount was secured from a galaxy of international investors. Having invested earlier in 4 Jordanian companies: Kharabeesh, Altibbi, Mawdoo3 and Jamalon, Endeavor Catalyst is an innovative, rules-based co-investment fund through which Endeavor invests into its portfolio companies led by high-impact entrepreneurs around the world. Read Also: Anzisha Prize Announces Top 20...

Top Startup Web Events In South Africa This Week

This week’s line up of webinar events will touch base on new methods and approaches to entrepreneurship and startup, from covering how to improve sales to the lean startup method for entrepreneurs.  If you have any event recommendations for us to add to the list, or next week’s, please let us know in the comments below or send us an email. Please notify us by Friday of the week before the event. Not all the events are free and some will require booking in advance. Please click on the event names to find out more information. All times below are set in South African time unless indicated....

Daily Digest Monday, 21 September 2020

Funding In Southern Africa Naspers Foundry Invests In The Food Service Industry, With Stake In Food Supply Network Naspers Foundry, the venture capital subsidiary of the South African group Naspers, has concluded its third deal with an undisclosed investment in Food Supply Network (FSN), a food systems integrator. Read more Funding In North Africa Egyptian EsportsTeam Anubis Gaming Closes $300,000 Seed Cairo-based esports team Anubis Gaming has closed $300,000 seed after raising $100,000 in fresh funds last month. The investment takes total funding raised so far by Anubis to $450,000. The latest money came from a regional ecommerce group. Read more Appointments And Acquisitions Platform Capital Invests in Big Cabal Media,...

Report Reveals Record Investment In Local Venture Capital Landscape

 The latest report by The Southern African Venture Capital and Private Equity Association (SAVCA), titled the  SAVCA 2020 Venture Capital Industry Survey has revealed that the local venture capital landscape experienced record investment and exit activity in 2019.  According to Investopedia, an exit refers to when an investor, trader, venture capitalist, or business owner decides to liquidate a position financially when their financial goals or aims have been met or exceeded.  Although local venture capital investors may have experienced a significant slowdown in deal activity due to the impacts of Covid-19, the report indicates that a total of 38 exits took place in 2019.  According to SAVCA, this number is...

Trace Group Acquires SA production Company Okuhle Media

South African audiovisual production company Okuhle Media has been acquired by Trace Group. This acquisition sees Trace take a majority stake in one of South Africa’s leading content production companies. Okuhle Media is a Cape Town-based media production house that was is established in 2013. The company produces, develops and licences content for commercial and public television stations. Okuhle Media also develops content for streaming services in South Africa, Europe and the rest of the world. Okuhle Media’s content has won and been put up for awards like the South African Film and Television Awards’ Golden Horn Award. Trace Group French-based company which has a stake in both video and audio media...

Platform Capital Invests In Big Cabal Media, Appoints Dr. Akindele To Its Board

Platform Capital (Platform), a leading growth markets investor, has announced its investment in Big Cabal Media (BCM), a leading digital media publisher in Africa, operating out of Nigeria.  BCM is building Africa’s media brands of the future, creating high-value publications, original content, and technology products for African audiences on and off the continent. Big Cabal currently publishes TechCabal and Zikoko, while working with brands through its Cabal Creative Studio. TechCabal provides insight into startups, innovation, and technology in Africa through its reporting, data, and events. It serves a global audience of business professionals, investors, entrepreneurs, and those curious about the impact of technology in Africa’s evolution. Zikoko creates high-engagement content around youth culture in and...

Egyptian EsportsTeam Anubis Gaming Closes $300,000 Seed

Cairo-based esports team Anubis Gaming has closed $300,000 seed after raising $100,000 in fresh funds last month, it told MENAbytes last week. The investment takes total funding raised so far by Anubis to $450,000. The latest money came from a regional ecommerce group. Founded in 2015 by Youssef Mohsen, Anubis is an esports team that participates in competitive video game tournaments (for different game titles) at the regional and international levels. The startup told MENAbytes that they’re current regional champions of Crossfire and are in the playoffs for the world championship, which it said, makes it the first team in the history of Africa to reach such a high placement. Anubis founder Youssef...

Naspers Foundry Invests In The Food Service Industry, With Stake In Food Supply Network

Naspers Foundry, the venture capital subsidiary of the South African group Naspers, has concluded its third deal with an undisclosed investment in Food Supply Network (FSN), a food systems integrator. The subsidiary was launched in October 2018 with a fund of 1.4 billion rand ($85.2 million) and has already invested in two projects for a total of 130 million rand. “We’re extremely excited about our partnership with Naspers Foundry. Naspers brings unparalleled global experience, marketplace expertise, and extensive networks to the table. Their capabilities complement our own, as well as those of our existing partners at Venturen, who also participated in this round. Naspers shares our...

Profile: Rob Eloff

South African born Rob Eloff has spent his career investing, living and working in developing markets. Prior to co-founding Lateral Capital he was a Venture Partner with Conversion Capital and established Frontier Dawn Partners, an evergreen vehicle for capital deployment to early stage, technology enabled founding teams in sub-Saharan Africa. Rob started his career in capital markets at JP Morgan, Johannesburg, became an Executive Director at Goldman Sachs and Investment Director at ACI. He spent ten years based in Johannesburg, Moscow and London transitioning across hedge fund coverage and private equity buyout advisory in markets including sub-Saharan Africa, Eastern Europe and Latin America. Rob holds...

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