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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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East Ventures and SV Investment Inject $100 Million Fund to Supercharge Tech Startups in Southeast Asia
Indonesia-based venture capital firm East Ventures and Seoul-based venture capital firm SV Investment have joined forces to establish a new fund targeted at $100 million.
- Categories
- Investing, Technology
- Region
- South Asia
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B2B SaaS Startup Data Sutram Raises $3 Million To Provide Location Based Insights To Banks
Data Sutram will use the fresh funds to expand to new markets, like Gulf countries and the Southeast Asian region.
- Categories
- Investing
- Region
- Global
- Tags
- data, startups, venture capital
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P1 Ventures Closes $25 Million of its Second $50 Million to Back Early-stage Startups
According to Hajjar, P1 Ventures is motivated to deviate from the norm and support the underdogs because it comes from a relatively small economy.
- Categories
- Health Care, Investing, Technology
- Region
- Sub-Saharan Africa