It’s great to see other young startups raising money in this tough economic environment. Cape Town based ChessCube just raised $1.25m in funding from VenFin and are looking to take the online chess market on with some really innovative products. Chess remains one of the most popular online games and ChessCube is currently working on some very interesting business models to create revenue opportunities. Cape Town, where Yola has it’s roots, really has some innovative companies and I’m hearing more and more about how VC’s are turning toward this part of the world in search of the next big opportunity. If South Africa is able to continue to churn out startups that are able to build solid technology businesses, we will soon see this region hopefully become something of a Silicon Valley (I like to call it “Silicon Cape“).
* Disclosure: I am an early investor in ChessCube
Vinny Lingham is an International Award winning Entrepreneur & Search Engine Marketer. He is currently CEO of