Ecosystem
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Mastercard Foundation Africa Growth Fund now supports five Africa-focused investment firms with investments into Chui Ventures, SME Impact Fund, and VestedWorld.
The Eco Pilot Fund I will invest in up to 10 pre-seed startups in the energy, mobility, and agricultural sectors while providing fundraising assistance.
Aduna Capital’s $20 million fund will focus on startups from Northern Nigeria and aim for a 50% female representation.
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,…
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.
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.
Sony Group, through Sony Ventures Corporation, has launched a $10 million fund — Sony Innovation Fund: Africa (SIF: AF) — to support entertainment businesses in Africa.
Three months after launching CoverAI, an AI-powered cover letter, the company has been sold to Whitesea for an undisclosed amount.
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.
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.
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.
Bob van Dijk, CEO of Naspers, steps down as Board Chairman; Ervin Tu, Chief Investment Officer, takes over as interim CEO.
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.
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.
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.
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.
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.
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.
African startups raised $675 million in February 2023, according to Intelligence by Techpoint. Here’s what that looks like.
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.