Remove Local Remove Marketing Remove Mauritius
article thumbnail

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. Mauritius-headquartered companies received $110 million while African startups headquartered in the U.K. However, that figure isn’t the only yardstick.

article thumbnail

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

TechCrunch

But as a sign of how the market is firming up, that changed last year and now the firm invests $25,000 for 7% equity. Microtraction revealed that it accepted over 500 applications from startups in Nigeria, Ghana, Zambia, and Mauritius in its first full year of operation. 2019 saw the local VC firm invest in six companies.

Nigeria 138
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Norebase raises $1M to allow companies start, scale, and operate in any African country

TechCrunch

And in trying to sweet-talk investors, what’s not taken into context or often disregarded is that Africa is a fragmented $3 trillion market. Trade has the least startup activity in a market that received $5 billion in VC funding last year. The continent is also home to more than 1.2

Africa 139
article thumbnail

EV conversion startup Opibus raises $7.5M to start bus and motorcycle mass production

TechCrunch

We are proud to be backed by globally recognized investors providing a balance between deep-tech and emerging market expertise. Countries like South Africa, Mauritius and Rwanda are already ahead of the game. Opibus told TechCrunch that it is looking to deliver its first electric bus by the first quarter of next year. “We

article thumbnail

ChatGPT: Everything you need to know about the AI-powered chatbot

TechCrunch

Major brands are experimenting with it, using the AI to generate ad and marketing copy, for example. We’ve been putting market participants on notice that instances in which AI tools are effectively being designed to deceive people can place them on the hook for FTC action,” she stated. based company to stop processing locals’ data.

API 82