How can founders in Africa build startups that actually scale?
Eloho Omame emphasized that fundraising does not equate to achieving scale. Operational inefficiencies and weak revenue models contribute to startup failures in Africa.
TLcom Capital Partner Ido Sum Exits after 14 years
Ido Sum departs TLcom Capital after 14 years. Sum played a central role in TLcom’s early-stage investment strategy.
South African Fintech Startup TurnStay Secures $2 Million Seed Funding to Revolutionize Travel Payments Across Africa
TurnStay secured $2 million in seed funding to enhance its platform. The funding round was led by First Circle Capital and supported by multiple investors.
TLcom reaches midpoint deployment in $5M TAPSI fund with key bet on TurnStay
TLcom Capital has deployed 50% of its $5M pre-seed fund, TAPSI. The firm backed South African travel payment platform TurnStay’s $2M seed round.
TLcom Capital Deploys 50% of $5M Pre-Seed Fund to Support Early-Stage African Startups
TLcom Capital has deployed 50% of its $5 million TAPSI fund, focusing on early-stage entrepreneurs in Africa. The fund participated in a $2 million seed round for TurnStay, a South African travel payment platform.
