South African AI Startup Spatialedge Raises $3.1 Million in Recent Funding Round
Spatialedge has successfully raised ZAR60 million (approximately US$3.1 million) to advance its mission of transforming the retail industry. The company focuses on providing big data and applied machine learning solutions to enable businesses to develop and deploy effective machine learning strategi
How does a VC firm go about sourcing its portfolio, and does that change over time?
Cold emailing, filling out contact forms, networking, and being profiled by platforms like Disrupt Africa are all strategies to find venture capital in Africa. VC firms like Atlantica Ventures and Hlayisani Capital actively source startups through their networks, conferences, and online research.
Why startups need to better understand how VC works, and how it goes both ways
Startups should be deliberate in choosing the right investor and do research on their investment thesis and stage of investment. Warm introductions or referrals are important, but some VCs are open to cold introductions.
