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Last year was a tough period for African growth-stage startups and 2024 presents a mixed bag
Last year presented a tough period for African tech startups. Venture capital was hard to bag (as predicted earlier), bridge and down rounds became the norm, and news of fire sales, layoffs and startup closures reverberated across the continent. With the overall amount of VC funding raised in Africa dipping significantly across the year, according…
Africa’s top angel Tomi Davies eyes startups and co-investors
When Nigerian angel investor Tomi Davies backed his first company — Strika Entertainment in 2001 — he admits he wasn’t aware of his future role. “I was just helping out…
Into Africa: tech leaders weigh in on Jack Dorsey’s planned move to the continent
It’s not every day that the CEO of a large Silicon Valley tech company decides to relocate to a different part of the world in order to learn more about…
Nigerian fintech firm TeamApt raises $5M, eyes global expansion
Nigerian fintech startup TeamApt has raised $5.5 million in capital in a Series A round led by Quantum Capital Partners. The Lagos based firm will use the funds to expand…
Africa Roundup: Zimbabwe’s net blackout, Partech’s $143M fund, Andela’s $100M raise, Flutterwave’s pivot
A high court in Zimbabwe ended the government’s restrictions on internet and social media last month.
Local venture capital fund formation is on the rise in Africa, led by Nigeria
Africa’s VC landscape is becoming more African with an increasing number of investment funds headquartered on the continent and run by locals, according to data from Crunchbase. The study also…
Africa Roundup: Paga goes global and 4 startups raise $99M in VC
Nigerian digital payments startup Paga is gearing up for international expansion with a $10 million round led by the Global Innovation Fund. The company is exploring the release of its payments product in…
With a $10 million round, Nigeria’s Paga plans global expansion
Nigerian digital payments startup Paga is gearing up for an international expansion with $10 million in funding let by the Global Innovation Fund. The company is planning to release its payments product in…
African tech leaders Fope Adelowo, Ken Njoroge, Tayo Oviosu to speak at Disrupt SF
Africa’s startup scene is growing by leaps and bounds, and three tech leaders are set to share insights on this vibrant space at Disrupt San Francisco. Paga CEO Tayo…
Africa Roundup: African startup investments turn to fintech this winter season
Forty-seven and a half million dollars is a big commitment to African technology companies — even with the recent uptick in VC investment on the continent.
Entrepreneurs in developing nations have redefined the words “bootstrapping” and “disruptive,” creating all kinds of businesses that solve major societal problems. These solutions affect hundreds, thousands and sometimes millions of…
