Ecosystem

EXCLUSIVE

Oui Capital’s mission to foster community in the Nigerian tech ecosystem takes centre stage at Startup Cup 2023

EXCLUSIVE

African investors say reports of founder misconduct could hurt future fundraising efforts

funding drop

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LeapFrog Investments plans to raise a $1 billion fund to invest in Africa

startup funding

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Sony Ventures launches a $10 million fund to support entertainment businesses in Africa

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How this Nigerian-founded company went from 0 to a five-figure exit in 3 months

partnership

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Private equity firm set to invest $500 million in Africa gets backing from Aliko Dangote

Civic Towers, Lekki, Lagos Nigeria. Source: Nupo Deyon Daniel via Unsplash

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A coalition of startup founders and investors wants to drive startup growth in Nigeria’s most populous region

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How an investment in Kora opened the doors of Techstars Toronto for African founders

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Naspers CEO steps down; Ervin Tu, Chief Investment Officer, takes over in the interim

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Inconsistent reporting, lack of clarity, vague performance metrics: African investors share their biggest frustrations with startup investor updates

Boardroom discussions

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Founders Factory Africa secures $114 million to address gender imbalance in the VC ecosystem

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New startups in Africa’s healthcare supply chain sector declined by 81% between 2021 and 2022 – Report

Zipline

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Four charts that show how African tech startups raised venture capital in H1 2023 

investment

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Q1 funding: Nigeria trails Egypt and South Africa as fintech remains Africa’s most funded sector 

Image of coins in a jar.

EXCLUSIVE

Mstudio wants to spur growth in Francophone Africa by replicating successful business models  

Mstudio founders

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How African startups raised venture capital funding in February 2023 

funding

EXCLUSIVE

Launch Africa Ventures has been Africa’s most active venture capital investor since 2021  

investment

EXCLUSIVE

ARM Labs Lagos Techstars program unveils the 12 startups in its inaugural cohort 

ARM Labs Techstars inaugural cohort with Oyin Solebo

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Kenya leads debt funding to African startups with $608 million

investment

EXCLUSIVE

From continued capital crunch to shortage of IT talent, what does 2023 hold for African startups?

2023 venture capital predictions




















Oui Capital’s mission to foster community in the Nigerian tech ecosystem takes centre stage at Startup Cup 2023

Few things have the power to bring people together and cultivate a sense of teamwork like the beautiful game of football. Oui Capital encourages teams to explore beyond business as usual through the dynamic fusion of competition, camaraderie, and creativity fostered at Startup Cup. Startup Cup offers a refreshing opportunity, uniting founders, startup employees, investors,…

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African investors say reports of founder misconduct could hurt future fundraising efforts

Reports in recent months have highlighted founder misconduct in Africa, but while they do not represent the general ecosystem, investors fear they could hurt fundraising efforts.

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LeapFrog Investments plans to raise a $1 billion fund to invest in Africa

LeapFrog Investments plans to raise $1 billion for the Emerging Consumer Fund IV, a new fund that will invest in healthcare and financial companies in “global growth markets” such as Africa.

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Sony Ventures launches a $10 million fund to support entertainment businesses in Africa

Sony Group, through Sony Ventures Corporation, has launched a $10 million fund — Sony Innovation Fund: Africa (SIF: AF) — to support entertainment businesses in Africa.

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How this Nigerian-founded company went from 0 to a five-figure exit in 3 months

Three months after launching CoverAI, an AI-powered cover letter, the company has been sold to Whitesea for an undisclosed amount. 

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Private equity firm set to invest $500 million in Africa gets backing from Aliko Dangote

Private Equity firm, Alterra Capital Partners has raised $140 million in the first close of its $500 million fund. The fund has billionaires Aliko Dangote and David Rubenstein as some of its investors.

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A coalition of startup founders and investors wants to drive startup growth in Nigeria’s most populous region

Northern Nigeria constitutes 58% of Nigeria’s population, but has seen little growth in startup activity, but a coalition of founders and investors are working to change the narrative.

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How an investment in Kora opened the doors of Techstars Toronto for African founders

This month, Techstars Toronto made its 100th investment in six years. Sunil Sharma, Managing Director of the Toronto-based accelerator, shares some insights from the journey. 

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Naspers CEO steps down; Ervin Tu, Chief Investment Officer, takes over in the interim

Bob van Dijk, CEO of Naspers, steps down as Board Chairman; Ervin Tu, Chief Investment Officer, takes over as interim CEO.

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Inconsistent reporting, lack of clarity, vague performance metrics: African investors share their biggest frustrations with startup investor updates

A new report from tech PR firm, Wimbart, describes how investors think about investor updates and offers some advice for crafting the perfect investor update.

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Founders Factory Africa secures $114 million to address gender imbalance in the VC ecosystem

Founders Factory Africa, an early-stage investor based in South Africa, has secured $114 million to address gender imbalance in the ecosystem and provide operational support for its investments across the continent.

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New startups in Africa’s healthcare supply chain sector declined by 81% between 2021 and 2022 – Report

Driven by the COVID-19 pandemic, the number of new entrants to Africa’s healthcare supply chain grew in 2020, but a decline in funding has resulted in fewer entrants in the following years.

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Four charts that show how African tech startups raised venture capital in H1 2023 

African startups have raised $1.43 billion in H1 2023, 46% less than they did in H1 2022. We look at some charts that illustrate the state of venture capital on the continent.

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Q1 funding: Nigeria trails Egypt and South Africa as fintech remains Africa’s most funded sector 

It’s been a slow start to the year for African startups as powerhouses like Nigeria and Kenya have raised less money than Seychelles. There have also been six acquisitions in the fintech, gaming, and healthcare sectors.

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Mstudio wants to spur growth in Francophone Africa by replicating successful business models  

Much of the growth in Africa’s startup space has occurred in English-speaking countries, but Mstudio wants to change that by replicating successful business models in Francophone Africa.

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How African startups raised venture capital funding in February 2023 

African startups raised $675 million in February 2023, according to Intelligence by Techpoint. Here’s what that looks like.

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Launch Africa Ventures has been Africa’s most active venture capital investor since 2021  

More investors continue to show interest in African startups, but Launch Africa Ventures has remained the most active investor for two years in a row.

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ARM Labs Lagos Techstars program unveils the 12 startups in its inaugural cohort 

The ARM Labs Techstars program has unveiled 12 startups across fintech and proptech as its inaugural cohort.

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Kenya leads debt funding to African startups with $608 million

As venture capital funding slowed down in 2022, many African startups turned to debt funding to raise capital. Partech Africa reports that Kenya and Egypt lead the way.

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From continued capital crunch to shortage of IT talent, what does 2023 hold for African startups?

With the year drawing to a close, Techpoint Africa spoke to a few investors with experience in the African market to get a feel of what the next year holds. Here are their thoughts and predictions.

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