A venture capital firm with a $46 million early-stage fund focused on investing in early-stage technology startups across Africa.
Nigeria awards ₦2.25 billion in grants to student-founded ventures
The Federal Ministry of Education awarded ₦2.25 billion in grants to 45 student-founded ventures in Nigeria. The Student Venture Capital Grant Bootcamp allows selected startups to receive up to ₦50 million in equity-free funding.
Nigeria to provide up to ₦1 billion ($735,000) in funding for 100 startups through iDICE Startup Bridge
The iDICE Startup Bridge programme has been launched to support startup founders in Nigeria. The initiative includes two tracks: Founders Lab and Growth Lab, targeting early-stage and growth-stage entrepreneurs.
Cybervergent Closes $3M Seed Round to Scale AI-Powered Cybersecurity Across Africa
Cybervergent secured $3 million in seed funding to expand its operations across Africa. The funding round was co-led by Ventures Platform and Atlantica Ventures.
Nearly 40% of African startup funding now comes from local investors
African investors accounted for nearly 40% of total startup funding in 2023, up from 25%. Local fund managers have maintained a steady level of investment, indicating a maturing investment base.
Top 10 Startup Accelerators in Africa: The Programs Actually Moving the Needle
MEST Africa combines entrepreneurship education with seed funding and has helped startups raise over $100 million. Flat6Labs has backed over 200 startups since 2011, providing funding and mentorship across North Africa and the Middle East.
