Spotlight

Startup funding—how it works and what to know as an investor or founder

Startup funding can be an extremely complex and confusing process for founders. In this article, I attempt to break down some of the more complex concepts in fundraising.

News

Nigerian Fintech Platform, Appzone, raises $10 million Series A Funding

The round was led by CardinalStone Capital Advisers alongside V8 Capital, Lateral Investment Partners, Constant Capital, and Itanna Capital Ventures,

Funding

Curacel secures $450,000 pre-seed funding to drive insurance inclusion in Africa

African Insurtech startup, Curacel has secured pre-seed funding of $450,000 led by Atlantica Ventures and Consonance.

News

Bankly raises $2 million in a seed round led by Vault

Bankly raised $2 million in a round led by Vault. The fund will help them boost their customer base and develop direct-to-customer products.

Spotlight

[Exclusive] Interview with veteran Nigerian investor, Olumide Soyombo

Olumide Soyombo is one of Nigeria's leading angel investors. He has invested in over 26 companies that are still active including Paystack which was acquire by stripe.

Newsletter

BD Insider 69: Funding African women, TIME Next100 and Gen Z

This newsletter looks at funding for women, Gen Z vs Millenials, Quickteller Business, and more

Spotlight

Meet the Nigerian investor who has invested in 26 startups

With 26 startups and one exit in his portfolio, there are fewer Nigerian investors more prolific than Olumide Soyombo

News

Connected Analytics (parent of ThankUCash) announces 7-figure seed round

After $320,000 pre-Seed round, ThankUCash's parent company, Connected Analytics has announced its Seed raise with eyes set on Series A for April/May 2021.

News

Echelon Capital to invest $1 million in early-stage startups, calls for applications.

Echelon Capital is looking to invest millions of dollars in African tech and non-tech startups, beginning with a $1 million rolling fund.

News

Silicon Valley VC strategies don't work in Africa - Kinyungu Ventures Research

East African venture advisory firm, Kinyungu Ventures has published a white paper that reveals the continues wide misalignment between traditional venture capital models and the African market.

News

Ghana’s OZÉ raises $700,000 seed round to foster expansion

OZÉ, a Ghana-based fintech startup that focuses on scaling small African businesses through digitized operations and affordable capital closed a $700,000 seed round from Anorak Ventures, Matuca Sarl, Rising Tide Africa, and existing investors Ingressive Capital and MEST.

News

uLesson, a Nigerian edTech startup, has raised $7.5million in Series A funding

uLesson, the African learning technology platform, has closed a $7.5mn Series A round led by Owl Ventures, with inclusion from existing investors, TLcom Capital and Founder Collective and participation from new investor LocalGlobe.

Spotlight

Highlight of fundraises by Nigerian tech startups in 2020

In this article, we will be taking a look at how much funding Nigerian startups have received in 2020 and where the money went.

Opinion

Seven early-stage startup investors in Nigeria you should know

These individuals are on a mission to actively support the next generation of African innovators and every entrepreneur in Africa should know them.

News

Future Africa invests $1 million in 9 African startups

Venture firm Future Africa has announced its investments in 9 startups in the 3rd quarter of 2020. The fund invested $1million across these startups.

News

Kwaba, a rental financing startup raises pre-seed round from Ingressive Capital and ARM

Kwaba, a rental financing startup, has raised an undisclosed amount in a pre-seed round from Ingressive Capital and ARM. The pre-seed investment is estimated to be north of $200,000.

News

Fundall, a digital banking platform raises $150,000 in pre-seed funding

Led by Black Knight Capital, a pre-seed stage investor, Fundall has raised $150,000 to deepen its footprints and challenge existing digital banks.

News

Vantage Capital invests $28.0 million in Cliniques Internationales du Maroc Group (CIM) Holding

Vantage’s funding will enable the founding family to part-finance the extension of the existing clinic in Marrakech and the opening of new clinics in Tangier and Casablanca

News

MAX issues ₦10bn ($22m) series 1 bond to scale operations and create more jobs

The ₦400m Series 1 Bond is MAX’s first-ever bond issuance and the first bond issued by a mobility company in Africa.

News

Nigerian fintech, Mono, raises $500k in pre-seed funding

Lateral Capital announced its investment in Mono on Friday 18, September in a tweet by Kyane Kassiri, a Venture Associate at the fund.

News

Anzisha Prize announces 20 finalists for Very Young African Entrepreneurs 2020

Anzisha Prize announced the finalists of its Very Young African Entrepreneurs annual competition on Thursday, September 17, 2020. The annual competition is the brainchild of the African Leadership Academy and Mastercard Foundation. This

News

80% of Nigerian startups have less than six months of cash left says Endeavor, Stears

Endeavor, in collaboration with Stears Data, revealed this startling piece of information in a recently released whitepaper titled “Protecting Nigeria’s Entrepreneurial Future.”

FCMB

ColdHubs emerges winner of the FCMB Agritech EPIC Pitch 2020

Nigerian Startup—ColdHubs—won the grand prize of N1 million ($2600) in the hotly contested FCMB Agritech EPIC Pitch.

FCMB

FCMB decides finalist in 2020 Agritech EPIC pitch

The month long competition finally comes to a close on the 28th of August, with six finalists vying for the top prize of ₦1 million.

News

Ingressive Capital is now a $10M fund, sets to cut $400K cheques for 10% equity

Ingressive Capital has raised an additional $5 million from new investors to become a $10 million fund. It would be investing between $200,000 and $400,000 in early-stage startups at $2 million valuations for 10% equity.