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.
News Nigerian digital media publication and data analytics startup, Stears raises $600,000 in a seed round Stears has closed a $600,000 (₦232 million) seed round to hire more people and build out new media and information products.
News 54gene closes $15 million Series A, sets up Scientific Advisory Board 54gene close s $15 million Series A, sets up a Scientific Advisory Board. In less than two years, 54gene has raised $19.5 million.
News Carbon launches $100,000 entrepreneurship fund to support African startups Carbon has set up a $100,000 fund to support African startups. The fund will address the lack of funding and support holding back budding tech entrepreneurs on the continent.
News Ingressive invests $250,000 in three Nigerian startups Ingressive Capital—an early stage venture capital firm—has cut three Nigerian startups a cheque of $250,000 (₦90.3 million).
Flutterwave Flutterwave completes Series A extension round, welcomes Visa CEO to its Board and a new CEO Iyin Aboyeji, Flutterwave's CEO and Co-founder resigned and a new CEO - Olugbenga Agboola has been appointed. Visa CEO, Joe Saunders joins Flutterwave's Board of Directors as the company raises a Series A extension round.
