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AFRICAN STARTUPS
African startups backed by the Google for Startups Black Founders Fund have collectively raised $266 million from VCs in the last three years.
According to him, skyrocketing exchange rate has been a major issue for African startups, especially, when they have to provide their investor updates in USD.
TLcom Capital also plans to deploy significant capital into female-founded African tech startups, similar to TIDE Africa Fund I
The billionaire co-founder of Netflix Inc., Reed Hastings, and Eric Schmidt, the former chief executive officer of Alphabet Inc., have participated in a funding round for an African solar irrigation startup, SunCulture.
The UK’s Department for Business and Trade (DBT) has opened applications for African tech startups to participate in its Unicorn Kingdom: Pathfinder Awards (UKPA), through which it hopes to discover the most promising tech startup companies across the world.
Startups across Africa raised a total of $217 million in February 2024, representing a 182% increase when compared with January.
Gen F is set to invest $250,000 in startups from Africa through its Entrepreneur in Residence program.
Startups across Africa raised a total of $2.9 billion in 2023 representing a 39% year-on-year decline in funding.
Techstars Accelerator has announced plans to invest a total of $1.4 million in 12 African startups as it unveiled 12 companies to participate in the second cohort of its pan-African accelerator program in partnership with Lagos-based innovation program, ARM Labs.
ENRICH in Africa (EiA) in collaboration with the Co-creation hub (CcHub) has launched its Africa to Europe scaling the programme to support high-potential African startups to scale into the European market.
The London-based B2B cross-border foreign exchange (FX) said it has already acquired a quarter of SVB customers from Africa and the MENA region.
AFD Group is calling on African creative entrepreneurs to apply for its AFD Digital Challenge for a chance to win €450,000