TechCrunch

JANUARY 25, 2021

Microtraction , an early-stage venture capital firm based in Lagos, Nigeria, saw funding nearly quadruple for its portfolio. In a review of the year published last week, the firm noted that 21 companies in its portfolio have raised more than $33 million in funding. 2019 saw the local VC firm invest in six companies.

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TechCrunch

FEBRUARY 11, 2021

The venture capital scene in Africa has consistently grown, with an influx of capital from local and international investors reaching unprecedented heights in recent years. Investments did pick up, and from July, VC funding on the continent had a bullish run until December. of the total African VC funding counted by Disrupt Africa.

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TechCrunch

MAY 4, 2022

Trade has the least startup activity in a market that received $5 billion in VC funding last year. “Providing a framework where people can operate and scale their solutions to several markets at once is incredibly important,” said Onayemi, who also co-founded Future Africa, an Africa-focused VC fund.

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TechCrunch

OCTOBER 27, 2022

The reasons were unclear, as both parties didn’t publicly comment on the situation; however, from various local news outlets, they ranged from mismanagement of funds to failure to report to the board and work out a potential merger, as well as internal disagreements over management methods. Founders versus investors.

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TechCrunch

NOVEMBER 2, 2021

million in grants in a round led by Silicon Valley fund At One Ventures, backed by Factor[e] Ventures and pan-African VC firm Ambo Ventures. Countries like South Africa, Mauritius and Rwanda are already ahead of the game. million in pre series A round. The Swedish-Kenyan company raised $5 million in equity and $2.5

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TechCrunch

AUGUST 24, 2023

A source tells us Founders Fund is also investing. based company to stop processing locals’ data. The local radio, TV and internet awareness campaign has a slightly more generous timeline of May 15 to be actioned.) Europe, South Korea and New Zealand, and soon more will be able to download the app from the app store.

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