How Victoria Fabunmi helps startup founders get capital to drive … – Techpoint Africa
Be the first to receive alerts for new articles and analysis on startup investments in Africa.In 2010, precious little was known about Nigeria’s startup ecosystem and Africa by extension. Not only was nothing known about it, there was little activity going on, but few Africans believed that the sector was crucial to the continent’s economic […]
Filling the internet with AI-created images will harm future AIs – New Scientist
Sign up to read our regular email newslettersThe performance of image-generating AIs drops when trained using images previously created by other AIs, which may create problems for them given the proliferation of these imagesBy Matthew Sparkes Photos produced by artificial intelligences could alter the performance of other AIs if used in training data sets DALL-E […]
Nigerian logistics startup Topship secures $2.5m seed round – Disrupt Africa
Nigerian logistics startup Topship has raised a US$2.5 million funding round as it continues to build the “Flexport for Africa”.Launched in June 2020, Topship allows African businesses to export and import cargo, freight and parcels to their suppliers, distributors and customers at any location worldwide. The startup says it is building “Flexport for Africa”, and it […]
Tofino Capital launches $10m fund for frontier tech in Africa, other … – Disrupt Africa
VC firm Tofino Capital has completed a first close of US$5 million of a US$10 million fund focused on investing in early-stage companies in Africa, Latin America, Asia and the Middle East. Founded by by Eliot Pence and Aubrey Hruby, Tofino Capital has secured funding from limited partners that include large family offices, top-tier venture funds […]
Africa-based investors are more active in deals with startups HQ'ed … – Business Insider Africa
Business Insider Edition Africa-based investors are more active in deals with startups headquartered in one of the big four markets (Egypt, South Africa, Nigeria, and Kenya) compared to those headquartered elsewhere. This is according to a report by ‘Africa: The Big Deal and African Private Equity and Venture Capital Association. According to the report, More […]
SA employee wellness platform Strove raises funding from … – Disrupt Africa
South African employee wellness startup Strove has secured an undisclosed amount of funding from Japanese VC firm Lifetime Ventures to help it build out its platform.Founded in 2020 by Chris Bruchhausen in partnership with venture builder The Delta, Strove is an activity-based mobile rewards application that empowers organisations to inspire their employees to live a […]
How Venture Capitalists and Angel investors can benefit from … – TechCabal
There has been a significant increase in investment going into African startups over the past couple of years. However, when compared to the figures for other places, it is obvious that Africa still falls short in terms of volume. It is reported that the average seed round among African Startups is $1.5 million compared to $5.7 […]
Inside daba's plan to become an all-in-one platform for investing in … – TechCabal
Boum III Jr (left) and Anthony Miclet, co-founders of daba. Image credit: Supplied. After co-founding and running Afrika Startup Lab—a non-profit that connects African founders with mentorship and training—for nearly 2 years, US-based entrepreneurs Boum III Jr and Anthony Miclet are familiar with many of the challenges founders and startups based on the continent face, […]
Senegalese logistics startup Chargel raises $750k pre-seed round – Disrupt Africa
Senegalese logistics startup Chargel has raised a US$750,000 pre-seed funding round to help it make the trucking industry in Senegal and Francophone West Africa more efficient, reliable and transparent.Co-founded by Moustapha and Alioune Ndoye, Chargel brings the offline operations of trucking online by matching shippers to the right transporters at the right price, as well […]
African ventures Tugende, Vezeeta, Stears, i'SUPPLY raise VC … – The Capital Quest
Uganda fintech startup Tugende, which topped up its Series A round with $3.6 million last year, has now closed a pre-Series B equity funding from existing shareholders led by Partech.The company also added two new names in the cap table, including Women’s World Banking.Along with a recent debt closing, the startup has scooped $10 million in total.The […]