Startup Updates

Stellenbosch-based biotechnology startup Immobazyme has successfully closed its latest funding round, bringing its total investment to R24.5 million. This new capital injection will allow the company to expand its facilities and enhance its production capabilities.

The develoPPP Ventures programme is tailored to support SGBs in South Africa that have the potential to drive measurable social or environmental change while achieving financial success.

Cairo-based startup Sahl has successfully raised $6 million in Series A and seed funding to expand its role as a comprehensive financial services provider, acting as a one-stop shop for household bill payments in collaboration with government entities.