A global investment business that provides mentorship and funding to startups like truQ.
Five months after running out of capital, Chimoney gets a new owner
CapitalSage Vantage Limited completes the acquisition of Chimoney, ending five months of uncertainty for the startup. Chimoney had previously announced its shutdown in May due to insufficient capital, leading to halted transactions and customer refunds.
Day 1-1000: How GetEquity found profit in the venture drought
GetEquity launched in 2021 and quickly filled a $50,000 startup round in under an hour. The company faced a significant downturn in 2023 due to naira devaluation and a freeze in venture capital.
Labspace and Hapaspace Launch Venture Boost Accelerator to Prepare African Startups for Global Programs
Labspace and Hapaspace launched the Venture Boost Accelerator Program on August 21, 2025. The program is designed to empower African startups for global success.
Co-founder conflict forces CEO exit at Techstars-backed truQ
Williams Fatayo announced his resignation as CEO of truQ in a Medium post on July 12, 2025. Fatayo co-founded truQ in 2020 to automate short-haul logistics, initially focusing on B2C before shifting to B2B.
Investors in African startups drop to lowest numbers since 2021, says report
Number of investors in financing deals over $100,000 dropped to about 520 in 2024 from over 850 in 2021. Active investors participating in more than ten deals of $100,000 fell from 28 in 2022 to 8 in 2024.
