Nigerian Fintech LemFi Leads $289 Million African Startup Funding Wave
African startups secured $289 million in funding in January 2025, a 240% increase from January 2024. January 2025 is the second-strongest opening month for funding since 2019, following January 2022.
77% of African angel investors limit deals to $25,000, ABAN finds
77% of African angel investors invested less than $25,000 in startups between 2022 and 2024. The share of angel investors committing between $50,001 and $250,000 is growing steadily.
How to create an effective fundraising strategy for your startup
Understanding VC math and the criteria for venture capital investments Having a decently valued startup and a solid founding team
Innovate Africa launches with $2.5 million fund to support 20 early-stage African startups
Innovate Africa has commenced operations with an initial rollout of $2.5 million to back up to 20 startups. African startups raised $187 million in May 2024, reflecting a substantial 149% increase from April's figure.
Here's what DEI looks like inside 2 Nigerian startups
Elon Musk took over X (formerly Twitter) and cut its global workforce, with more women (57%) laid off than men (47%). A discrimination lawsuit was filed by two women who alleged that Musk violated employment laws by dismissing significantly more women than men.
