10 Investors Investing in African E-Commerce
Africa's e-commerce market is expected to grow from $317 billion in 2024 to $1,017 billion by 2033. TLcom Capital manages over $350 million and focuses on early-stage e-commerce startups.
40% Of Startup Founders Still Feel investors Don’t Fully Understand Their Business – Wimbart Report
40% of startup founders feel investors don't fully understand their business or market. Funding in Africa has declined by 46% in 2023.
Partech’s record $300 million Africa-focused fund reaches final close despite global funding dip
Partech Africa has closed its second Africa-focused fund, Partech II, at $300 million. The new fund will focus on investing in seed to Series C rounds with ticket sizes ranging from $1 million to $15 million.
Partech closes its second Africa fund at $300M+ to invest from seed to Series C
Partech Africa II closed at €280 million ($300 million+), making it the largest fund dedicated to African startups. Investor activity in Africa declined, resulting in reduced venture capital inflows for African startups.
