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The year 2015 saw the entry of London-based VC firm, TLcom Capital into Lagos, Nigeria and the appointment of Nigeria’s former Minister of Communication Technology, Omobola Johnson as regional General Partner.
Two years after, the firm has finally announced a $40 million seed fund targeted at African startups. “What took them so long?”, you may ask. Apparently, they’ve been building a database of 900 ‘investable companies’ and now they’re ready to put their money where their mouth is. Get more details
This week on Techpoint
Watch a video version of this newsletter or read on below
Speaking of investable startups. Here’s a promising market largely overlooked by budding startup founders.
Tu parle Francais? While the Nigerian government struggles to wrap its head around the legality of crowdfunding — a viable funding source for startups — the newly-elected President of France, Emmanuel Macron announced his plans to make France a startup nation.
Oh, and you’re invited.
MAX on the Go. Have you ever found yourself at the mercy of Lagos traffic? Ever wished you could do something about it?
What if I told you there’s an app for that?
Why there will be many more billionaire-kidnappers like Evans. Techpoint’s Nifemi Akinwamide pens this illuminating exposé on why the case of notorious kidnap kingpin, Chukwudi Onwuamadike, A.K.A Evans, is only a symptom of an inherent malaise.
The lack of a unified database and other technological loopholes are among the inadequacies he highlights.
Every weekday at 12 noon (WAT), we feature up and coming startups attempting to break into the market.
This week’s featured startups
- Buffrspace — find, book and schedule workspaces easily
- MediServe — access healthcare services in Nigeria
- Gadgetclinic — get electronic repairs and business IT support services on-demand
- Regexpress — renew your car papers within 24 hours
And now, for our Startup of the Month
Read about how PrepClass is addressing Nigeria’s educational issues one student-tutor relationship at a time.
Why you’ve been experiencing poor internet service all week. What, did you think you were alone? Well no, virtually all of Africa had the same experience. Here’s why
Techpoint is conducting a survey of tech worker salary satisfaction in Nigeria. Please take just three minutes to fill this anonymous form. Thank you.
On January 27, 2021, Techpoint Africa will be hosting the brightest minds in decentralised finance/crypto at the Digital Currency Summit tagged “Building the money of the future” Click here for more details, registration and sponsorship.
Report: Millionaire West African startups” raised over $1.806 billion between 2010 and 2019, 97.9% of which went to Nigerian startups. Get a free overview and 50% purchase discount here.
Listen to Built in Africa, a podcast by Techpoint Africa