Wednesday
March 5
2025

Africa’s Startup Funding Crisis Deepens as Mastercard Foundation Exits Top VC Firm

By Damilare Dosunmu

Mastercard Foundation has pulled out of a commitment to invest $100 million in a leading African venture capital firm at a time when tech startups on the continent are struggling to woo Western funders.

Photo courtesy Håkan Dahlström.

Source: Rest of World (link opens in a new window)

Categories
Investing, Technology
Tags
agtech, climate change, corporations, employment, fintech, food security, global development, MSMEs, partnerships, philanthropy, startups, venture capital, youth