Friday, March 29

Venture Capital

Global Deal Activity Jan 2023 Vs Dec Jan 2022
  • Global deal activity down 27.5 percent Month-on-Month (M-o-M) and 46.7 percent Year-on-Year (Y-o-Y) in January 2023.
  • All the deal types under coverage witnessed massive double-digit decline
  • According to the data, a total of 3,667 deals* were announced globally during January 2023, which is a decline of 27.5 percent compared to 5,055 deals announced during the previous month and a massive 46.7 percent Y-o-Y (Year on Year) decline over January 2022. 

Mergers and acquisitions, private equity, and venture financing deal activity is off to a slow start in 2023 globally as the first month of the year itself saw a significant contraction in deals volume according to the latest data from GlobalData, data and analytics company. 

According to the data, a total of 3,667 deals were announced globally during January 2023, which is a decline of 27.5 percent compared to 5,055 deals announced during the previous month and a massive 46.7

Read More
exit strategy

Africa’s private equity landscape continues to attract investment. The operating environment, albeit still turbulent, continues to improve. Granted, the pace of improvement is higher in some countries than others, but overall there is promise of a conducive climate for business. 

The enabling environment, coupled with the accelerated digital infrastructure growth, inspires momentum in the private sector contributing to the growing middle class. This will, in turn, lead to improved employment opportunities.…

Fin ChatBot

A South African tech-based company FinChatBot has secured a funding round worth $1.6 million to drive expansion beyond South Africa. The fintech company is a provider of customer service AI bot technology in the financial services industry. Its bespoke technology connects with different operating systems and third-party systems allowing financial services firms smooth interaction with their customers. Their AI-based chat system operates independently of human interaction.

The company’s mission of guiding the customer experience will be supported by three funding partners. The participants in the funding round are: 

  • Compass Venture Capital, an early-stage focused investor that is based in Mauritius. It looks for strong propositions set to disrupt traditional ways.
  • South African, Kalon Venture Capital which focuses on tech-based solution providers mostly in South Africa. It promotes investments in top companies with disruptive technologies 
  • Saviu Ventures an African-focused investment holding company from France which invests in established startups in both
Video Consultation with doctor: Health-Tech

A South African health-tech company Udok has sealed $613 000 (ZAR 10 million) in Venture Capital funding from FinX capital. 

The money raised will be used to spearhead expansion. The Capetown-based startup has partnered with Clicks Stores to provide consultations in Click’s pharmacy clinics. With Clicks being one of the largest pharmacy retailers in South Africa, this will give the firm access to a large clientele base.

The company also plans to roll out laboratory testing using the Clicks network to provide lower-cost testing services for patients. Currently, the costs of laboratory testing are above the reach of many.

Founded in 2018, Udok enables individuals to access healthcare services via a digital platform. This includes virtual consultations with doctors, receiving prescriptions, and getting access to remote admissions.

The company uses smart technology for examinations during the consultation and allows users to access their health records from anywhere. Leveraging a digital

Subscribe to Our Newsletter

STAY INFORMED

Unlock Business Wisdom - Join The Exchange Africa's Newsletter for Expert African Business Insights!

Stay ahead of the game with our weekly African business Newsletter
Recieve Expert analysis, commentary and Insights into the enviroment which can help you make informed decisions.