49% of Nigerian startups founded in the last 10 years make less than ₦10 million in revenue
49% of Nigerian startups generate less than ₦10 million annually. 30% of startups took at least four years to secure their first funding.
With $1.1 million in funding, Lingawa wants to redefine language education for Africa’s diaspora
Over 2,000 languages in Africa, with 12% at risk of extinction. Lingawa has secured $1.1 million in funding to promote African language learning.
Build real businesses, VCs tell founders at Techstars Demo Day
African startups raised $3.2 billion in 2023, the lowest figure in three years. Investors believe the funding downturn raises questions about the need for startups to rethink their building mindset.
Nigeria’s Bujeti secures $2m seed funding to transform business finances, operations
Bujeti has raised $2 million in seed funding to accelerate its growth and boost market share. The startup offers a unified solution for corporate finance management, streamlining expenses and digitizing financial workflows.
