54 Collective, formerly Founders Factory Africa, plans to back early-stage African startups with $40M
Founders Factory Africa rebrands as 54 Collective, a venture capital firm with a $40 million fund. 54 Collective plans to invest in 105 venture-bankable startups in five years.
Paris-based Breega is the latest European VC to close an Africa-focused fund
Africa Seed I, the Africa-focused fund of Paris-based VC firm Breega, has reached first close with $50 million in funding secured. Breega plans to invest between $100,000 and $2 million in at least 40 startups across several African countries.
African Tech Ventures Unlocking UK Capital Markets and Exits
The Africa Tech Summit London connects industry leaders, entrepreneurs, and investors to collaborate and drive growth within the African tech industry. The London Stock Exchange continues to be a leading listing venue for ambitious businesses from around the world, providing access to international
How South Africa’s ecosystem has stayed resilient during the funding downturn.
Between Q1 2023 and Q1 2024, at least five South Africa startups managed to raise follow-on funding rounds. South Africa was the only ecosystem in sub-Saharan Africa to see an increase in average valuations in 2023.
Partech, its $300 million fund, backing bold founders, and being intentional about exits
Partech has closed its over $300 million Africa-focused fund, Partech II, making it the largest fund on the continent. Partech Africa II has already made three investments in South African payment startup Revio, an undisclosed e-commerce platform in Senegal, and an undisclosed real estate startup in
