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Seedstars launches second fund to invest in 100 startups in emerging markets

TechCrunch

Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. One of the things that makes SIV II unique is that it has a blended finance structure with facility provided by IFC, one its LPs.

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Pangea to unlock diaspora remittances as funding source for African startups

TechCrunch

Remittances from abroad reached $45 billion in 2021, with Nigeria, Ghana, Kenya, Senegal and Zimbabwe leading the list of recipient countries. Norway’s Pangea Trust, through its equity crowdfunding platform Connect , is unlocking diaspora remittance inflows as funding source for early and growth-stage startups in Africa.

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How African startups raised venture capital in 2022

TechCrunch

Outside the top four countries, startups from Ghana, Algeria, Tunisia and Senegal raised the most equity funding. Partech: Nigeria represented 23% of African tech’s total equity funding. South Africa takes the second spot with 17%, Egypt at third at 16%, and Kenya at 15%. Kenya is a close second with $1.1

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Jumia expects losses not to exceed $100M this year, per Q3 financials

TechCrunch

Growth affected by internal changes and macroeconomic conditions Since the decision, a decline in quarterly active customers, orders and gross merchandise value (GMV) have followed. These early signs of success can be seen in markets like Senegal and Ghana, where the electronics and phones categories grew the fastest in GMV in Q2 2023.

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Artivist Film Festival & Awards

Have Fun - Do Good

The 3rd Annual Artivist Film Festival & Awards ' mission is to strengthen the voice of international activist artists and raise public awareness of global issues. Youth Network My country was at war for 36 years and community structures and resources have been destroyed. Barbra Streisand. DIANA'S STORY (0:06) Dir - Listen Up!

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