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Venture capital firm From Wikipedia, the free encyclopedia
Cybatar is a technology startup accelerator and venture capital firm founded by Phiwa Nkambule in October 2014 initially as a social networking platform for tech entrepreneurs and developers.[1] It invests in the internet of things, big data and cloud computing, and has been involved in the development of other technology startups including financial technology company Riovic.[2]
| |
| Industry | Venture capital, Technology industry |
|---|---|
| Founded | October 6, 2014 |
| Founder |
|
| Headquarters | Johannesburg |
Key people |
|
| Products | Venture capital, Investments |
| Website | cybatar |
In 2015 the company announced Africa's first fuel delivery network[3][4] which was received as evidence that South African entrepreneurs had embraced the idea of the On Demand Economy,[5][6] and as an improvement to the Petroleum Industry value chain. In the wake of the FeesMustFall protests in South Africa, the company launched a university scholarship crowdfunding platform and campaign to save students across the country who were in tuition debt and were facing financial exclusions in 2016.[7][8][9]
The software company also received international recognition for being lean and its technological contribution to the community in South Africa through a nomination for the African Corporate Excellence Awards 2015 under the Information Technology category.[2][10] It was then named Best Cloud Computing Company - Africa in November 2015 in the awards.[11][12][13]
In 2018 Cybatar invested in the research and development of LipaSafe, an escrow payments platform, in Kenya.[14]
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