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To understand how much growth has occurred, African startups raised a meagre $400 million in 2015 compared to the $2 billion that came into the continent in 2019, according to Africa-focused fund Partech Africa. Did African startups raise $496M, $1B or $2B in 2019? Fintech startups raised 24.9%
His experience from this activity, coupled with working as a technical adviser to the vice president’s office in Nigeria a couple of months back, led him to launch Norebase , a trade tech startup that has raised $1 million in a pre-seed round.
Last September, Capiter raised $33 million in Series A funding to compete in the country’s growing B2B e-commerce and retail space. The company had planned to raise a follow-on round to address its struggles but met a challenging fundraising environment. the holding company initially based in Mauritius and now in Abu Dhabi.
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