Discover how investors prioritize startup unit economics at ARM Labs Lagos Techstars Accelerator Demo Day. Find out how 12 startups are gearing up for success!
Black Ostrich Ventures raises $20M for African startups in tech, cleantech, and ag-tech sectors. Financial support and strategic guidance to drive growth.
25 African startups receive up to $350K funding, ad support, mentorship, and Google connections via the Google Black Founders Fund, closing the gap for black and female founders.
African startups made a strong comeback in May 2023, raising $645m in funding and on track to surpass $5bn raised in 2022. Kenyan startups dominated, but analysts caution that the figures could be a false hope. Deals exceeding $10m represented 96% of the total amount raised, indicating significant investor confidence. Stay tuned for more on funding trends.
Google has chosen 25 African startups for its Black Founders Fund, including two Ghanaian companies. BezoMoney and Talamus Health will receive non-dilutive cash awards, Google Cloud credits, one-on-one mentoring, and more. The fund aims to address VC funding inequality, with 72% of this year's chosen companies led or co-founded by women. Startups in Africa are thriving, and the program has led to a 21% employment increase and a 7% rise in revenue among participating firms.