African ‘gender equal’ VC Janngo Capital closes second fund at $78M
Janngo Capital closed its second fund at €73 million, 20% more than its initial target. The first close of the fund was marked at €34 million in 2022.
From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised
Decline in venture investment within startup ecosystem linked to lack of exit volume and value. Number of M&A exits in Africa dropped in 2022, alongside a decrease in venture capital investment.
US HR firm Deel acquires PaySpace, a 20-year-old SA payroll provider
Deel is acquiring PaySpace, an Africa-based provider of payroll and HR software. This is the largest acquisition made by Deel and solidifies its presence in Africa.
African product, global market: Expensya employees cashed out $10M from 2023 acquisition
Expensya, an expense management startup based in Tunis and Paris, was acquired by the private equity firm Medius for over $100 million. Only a few African or Africa-focused tech companies have been acquired for more than $100 million.
