Cash flows in for local and Africa start-ups

Venture capital now a major factor fuelling tech entrepreneurs

20 June 2021 - 00:15 By Arthur Goldstuck

A Naspers Foundry investment of R42m in a Cape Town tech start-up this month was further evidence of a venture capital (VC) boom for tech start-ups across Africa.

The investment in mobility technology company WhereIsMyTransport was part of a $14.5m (about R204m) funding round led by Naspers Foundry, Cathay AfricInvest Innovation Fund and SBI Investment...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.

Questions or problems? Email or call 0860 52 52 00.