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Tiger Global backs African fintech Mono in $15M Series A round

TechCrunch

The round, led by Tiger Global — the VC firm’s third major investment in Africa this year after Flutterwave and FairMoney — also had participation from new investors Target Global (an investor in neobank Kuda), General Catalyst, and SBI Investment. Tiger Global confirmed it led the investment in an email to TechCrunch.

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500 Global, GIZ establish bootcamp for accelerators in Africa to help them define sustainable business models

TechCrunch

Silicon-Valley based VC firm 500 Global and German’s economic development agency Gesellschaft fu?r Fifteen accelerators from key tech hubs, including Uganda, Egypt, Ghana, South Africa, Senegal, Nigeria, Ivory Coast, Kenya, Rwanda, and Tanzania will participate in the program.

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Tiger Global is earning its stripes in Africa

TechCrunch

You can count on one hand the number of funds bigger than Tiger Global. From that fund, Tiger Global made more private investments than any other firm last year — about 340 as of late December — roughly one investment per day, according to CB Insights. However, Tiger Global limited its activity in Africa from 2009 to 2014.

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Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19

TechCrunch

Michael Seibel , the CEO of Y Combinator, is a global advisor and an investor in the firm, and so is Andy Volk , the head of ecosystem for Google Sub-Saharan Africa. Microtraction revealed that it accepted over 500 applications from startups in Nigeria, Ghana, Zambia, and Mauritius in its first full year of operation.

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Andela begins global expansion in 37 countries months after going remote across Africa

TechCrunch

Today, it is doubling down on this effort by announcing the global expansion of its engineering talent. It also tested satellite models in Egypt and Ghana as substitutes to physical hubs. That experiment, which the company conducted in less than a year, is also part of its mission to be a global company. Image Credits: Andela.

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How African startups raised investments in 2020

TechCrunch

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. “When these companies evolve to go global, we still count them as African companies.” Ghana, for instance, is already attracting above $100 million.

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African tech took center stage in 2021

TechCrunch

Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. But two months into 2020, the pandemic did an excellent job of lowering expectations as investment activities from local and international investors slowed down.