Funding, investors, valuations, and the hard questions behind growth in African technology markets.
South Africa's Aions Ventures has closed a $6.1m seed fund, backed by the SA SME Fund's HISFoF and the Technology Innovation Agency, to fund early-stage startups.
VentureDigital Africa has launched the $58m Digital Africa Seed Fund to back pre-seed and seed startups in 20 underserved African markets, with tickets up to 2.3m dollars.
VentureNamibia's Bellatrix has launched the $10m Ndjaba Seed Fund to back 35 to 50 early-stage startups across Southern Africa, a region long starved of seed capital.
VentureWasoko co-founder Daniel Yu has launched a $100m philanthropic fund to back export manufacturing and labour mobility, arguing that Africa's startup decade created capital and apps but not enough jobs.
VentureAfrican startups raised $887 million in four months, but fewer deals suggest investors are becoming more selective
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