Tech startup Archives - AfricaBusiness.com

10Nov

By Africa BusinessNo Comments

Startups

SeaO₂ Secures €2+ Million for Pioneering Ocean Carbon Removal Technology

Dutch climate tech startup SeaO₂ has announced a major funding boost of over €2 million, aimed at accelerating its innovative carbon removal technology. Specializing in Direct Ocean Capture (DOC), SeaO₂ extracts CO₂ directly from seawater, helping reduce atmospheric CO₂ levels by enhancing the ocean’s natural absorption capacity. With backing from investors including DOEN Participaties, NEW-TTT fund, Future Tech Ventures, and CarbonFix, this funding will support SeaO₂ in scaling from prototype to a pilot plant with a planned capacity of 250 tons of CO₂ per year by 2025. “This investment is a recognition of our team’s dedication,” said CEO Ruben Brands, “and it’s a crucial step towards our mission of removing one gigaton of CO₂ by 2045.” SeaO₂’s partnerships with organizations like XPRIZE...

29Mar

By Africa BusinessNo Comments

Startups

Africa itself shares the hallmarks of a tech startup which bodes well for its global competitiveness

By Joshua Raphael, Founder & CEO of Parket It is widely accepted that Africa’s potential is likely to be unleashed through widespread and sustained digital transformation. In other words, technology, and the innovative solving of complex problems, will catapult the continent into global competitiveness. This is not just theoretical, it is likely, and this is because Africa itself shares the hallmarks of a tech startup. Comparing a continent to a startup may, at first glance, seem odd, until we look at what most startups have in common: while they all need inspiration and perspiration to succeed, there is an element of desperation. This desperation is not of the negative variety, rather it is the jet fuel of innovation. Consider an average startup. One may argue that about 10% of its...

21Jul

By Africa BusinessNo Comments

South Africa News, Startups

Top 5 Technopreneurs to Bring their A Game in The AYO Scaling Africa Series

After months of searching, screening, and careful selection, the final five qualifying businesses for the next round of the AYO Scaling Africa Series have been selected. In partnership with the SA Innovation Summit, the series looks to assist tech entrepreneurs in taking their Series A businesses to the next level. These five finalists have been chosen for their standout proposition within the landscape of tech business in South Africa, as well as for clearly articulating and demonstrating their potential for rapid growth and sustainability. The founders, and their teams, will now test their mettle against one another with the overall winner claiming the R100 000 cash prize from investment group AYO Technology Solutions (AYO). However, the AYO Scaling Africa Series goes beyond a single ca...

HAVAÍC expects bumper year for African tech startups

18Feb

By Africa BusinessNo Comments

South Africa News, Startups

HAVAÍC expects bumper year for African tech startups

As one of South Africa’s most active Venture Capital investors, HAVAÍC says 2020 saw the commercial adoption of technology increase at unprecedented rates, as illustrated by the performance of HAVAÍC and its portfolio companies. 2020 saw HAVAÍC’s portfolio companies grow their revenue by a staggering 93%, and in the coming months, Ian Lessem, Managing Partner at HAVAÍC, believes the economic, social and commercial prospects for investing in the African technology sector looks promising, especially as the acceleration of technology adoption continues. According to the recent African Tech Startups Funding Report 2020, published by Disrupt Africa, the year produced a record for funding activity in the African tech startup ecosystem, owing to the increased number of active investors on the con...