The full picture regarding capital availability for African startups is far from encouraging, but there are always green shoots to highlight.
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From TechCrunch
By Anna Heim
October 13, 2023
The full picture regarding capital availability for African startups is far from encouraging, but there are always green shoots to highlight.
© 2023 TechCrunch. All rights reserved. For personal use only.

African ‘gender-equal’ VC Janngo Capital closes second fund at $78M
Pan-African venture capital firm Janngo Capital has closed its oversubscribed second fund at €73 million ($78 million), 20% more than its target of €60 million (~$63 million). In 2022, Janngo Capital reached the first close of its second fund at €26 million, receiving capital from several limited partners, including the African Development Bank Group (AfDB) and European Investment Bank (EIB). Both anchor investors also participated in the fund’s second and final close, founder and executive ch
Oct 29, 2024
African VCs and startups are eyeing the Middle East for new capital, but there’s a catch
African startup funding has seen a significant decline of more than 50% over the past three quarters compared to the previous year, as reported by The Big Deal. To date, startups on the continent have secured funding in the range of $2.5 billion to $3.4 billion, based on data from The Big Deal and Briter […]
Oct 26, 2023
Seedstars, Fondation Botnar launch new fund to back African startups focused on youth wellbeing
Seedstars Capital and Swiss philanthropic foundation Fondation Botnar have launched Seedstars Youth Wellbeing Ventures, a $20 million investment mandate targeting early-stage startups in Africa that are focused on improving the wellbeing of people below 30 years in low-and-middle-income countries. The evergreen fund will back pre-seed to Series A startups including those that advance health services, […]
Jun 18, 2023

Marlon Nichols talks relationship building in the African markets
Marlon Nichols took the stage at AfroTech last week to discuss the importance of building relationships when it comes to entering into a new market. “One of the first things you do when you go to a new market is you’ve got to meet the new players,” he said. “Like, what do people need? What’s hot right now?” Nichols is the co-founder and managing general partner at MaC Venture Capital, which just raised a $150 million Fund III, and has invested more than $20 million into at least 10 African com
Nov 18, 2024