Why early-stage VC Microtraction is worried about the African tech ecosystem
Microtraction raises concerns about the declining quality of talent in Nigeria's tech ecosystem. The firm has invested in over 70 startups, refining its criteria for selecting founders.
Kenyan fintech Raise shuts down, migrates users to Carta
Raise announced its shutdown and will migrate users to Carta. The startup struggled to find a scalable business model within the African venture capital ecosystem.
Ghanaian AI Startup Aya Data Secures USD 900 K in Seed Funding
Aya Data secures USD 900 K in seed funding. Funding round led by 54Collective with participation from angel investors.
Intron Health Secures $1.6 Million in Pre-Seed Investment
Intron Health has successfully raised $1.6 million in a pre-seed funding round. The funding round was led by Microtraction, with participation from Plug and Play Ventures, Jama Rift Ventures, Octopus Ventures, Africa Health Ventures, OpenseedVC, Pi Campus, Alumni Angel, and Baker Bridge Capital.
Nigerian AI Startup Intron Health Secures USD 1.6 M Pre-Seed Round
Intron Health raises USD 1.6 million in a pre-seed funding round led by Microtraction. The startup provides speech-to-text transcription tools for healthcare workers.
