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African Tech Startup Investment Falls 28% to $2.4 Billion in 2023 as Global “Funding Winter” Begins to Bite
This is the first time the sector, which has expanded so exponentially in the last few years, has declined since 2016.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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How African Startups Raised Funding in 2023
With equity funding becoming rare, several startups found it hard to survive, leading them to either cut down their teams or scale down operations and, in some cases, close shop.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Press Release: ArcTern Ventures Announces USD $335 Million Fund III Focused on Global Decarbonization
Primarily focused on the North American and European markets, ArcTern is committed to deploying its funds in ways that maximize the abatement of greenhouse gas (GHG) emissions over the lifespan of the fund.
- Categories
- Energy, Investing, Technology
- Region
- Global
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Aboyeji and Koschitzky-Kimani Launch ‘African YC’ with Support from a $750,000 USAID Grant
With both founders having experienced significant startup successes, they aim to foster the next wave of global businesses from Africa.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Funding Reaches Two-Year Decline as African Startups Raise $3.2 Billion in 2023
Even with the decline in the first three quarters of 2023 compared to the last two years, investment levels remain significantly higher than pre-pandemic levels.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- startups, venture capital
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Norrsken22’s Debut Fund Closes at $205 Million to Back Growth-Stage Startups in Africa
Norrsken22’s target remains investing in approximately 20 startups. The fund’s typical investment ticket size averages around $10 million.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
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Overcoming Barriers to Impact Investment in Africa: Interviews with Fund Managers Reveal Three Promising Solutions to the Continent’s Funding Gap
African-based investment fund managers face an uphill battle to secure the capital they need to invest in home-grown enterprises, particularly when social impact is a key part of their investment strategies. Bernard Chidzero, Nkanyiso Hlongwa and Serena Fu at The Bridgespan Group share highlights from a recent report based on interviews with 25 stakeholders in the continent's impact investing sector, which reveal the obstacles faced by African fund managers — and some potential solutions.
- Categories
- Investing, Social Enterprise
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Colombian Virtual Energy Marketing Company Bia Raises $16.5 Million
Bia provides innovative solutions as an alternative to traditional paper-based billing to address the evolving demands of the energy market.
- Categories
- Energy, Technology
- Region
- Latin America
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