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Reinet
Ad network startup secures R15m VC funding for int’l expansion
Cape Town-based online and mobile advertising network Ad Dynamo has announced a second round of funding via venture capital firm Invenfin, the Remgro Group's investment arm.Its CEO, Sean Riley, says the capital will be used to fund Ad Dynamo’s "international expansion programme into key foreign territories". Riley refused ...Prominent SA startup FireID hits the skids
FireID, a Stellenbosch-based startup specialising in mobile authentication, will probably be forced to close its doors or dramatically downscale after news that its main investor has pulled its funding.The main source of funding was via the Luxembourg-based Reinet Fund S.C.A., run by billionaire Johann Rupert, who invested in the company ...
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Memeburn focuses on web and innovation technologies. It has a particular interest in startup news and technology trends in emerging markets. More about us hereCopyright © 2011 memeburn. All rights reserved. No article may be published or reproduced without prior written permission from Memeburn.
