A venture capital firm with a $46 million early-stage fund focused on investing in early-stage technology startups across Africa.
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.
7 VCs Set To Shape Africa’s Funding Landscape in 2026
Partech Africa has a $300 million fund focusing on high-traction startups with revenue potential. TLcom Capital invests through its $154 million TIDE Africa Fund II, emphasizing operational excellence for early-stage ventures.
Nigeria to deepen investments in tech startups with new funds
Nigeria's government plans to expand funding for startups through the iDICE programme. The iDICE programme was launched in 2023 to support the growth of tech and creative industries.
Condia Insider: Can state-backed VC work?
Nigeria invests $64 million in Ventures Platform from its $617 million iDICE program. Egypt Ventures has deployed over $15 million across more than 150 startups since its launch in 2017.
