Tag: Nigeria
These specialized Africa VC funds are welcoming co-investors
For global venture capitalists still on the fence about entering Africa, a first move could be co-investing with a proven fund that’s already working in the region. Africa’s startup scene is performance-light — one major IPO and a handful of exits — but there could be greater returns for investors…
Read More
African crowdsolving startup Zindi scales 10,000 data scientists
Cape Town based startup Zindi has registered 10,000 data-scientists on its platform that uses AI and machine learning to crowdsolve complex problems in Africa. Founded in 2018, the early-stage venture allows companies, NGOs or government institutions to host online competitions around data-oriented challenges. Zindi opens the contests to the African…
Read More
The Station: Lucid Motors spy shot and the birth of an AV startup
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello again — or perhaps for the first time. This is Kirsten Korosec, senior transportation reporter at TechCrunch and your host here…
Read More
After VCs spend millions Nigeria restricts ride-hail motorbike taxis
Nigeria’s commercial hub of Lagos has shaken up its transportation order. At the center are the West African country’s motorcycle taxis — referred to locally as okadas — which face newly enforced regulatory restrictions on their movement. That’s creating speedbumps for Nigeria’s two-wheel ride-hail startups, operating in Africa’s most populous…
Read More
TLcom Capital closes $71M Africa fund with plans to back 12 startups
VC firm TLcom Capital has closed its Tide Africa Fund at $71 million with plans to make up to 12 startup investments over the next 18 months. The group — with offices in London, Lagos, and Nairobi — is looking for tech enabled, revenue driven ventures in Africa from seed-stage…
Read More
Africa Roundup: Trump’s Nigeria ban, Paga’s acquisition and raises — Fluterwave $35m, Sendy $20M
The first month of the new-year saw Africa enter the fray of U.S. politics. The Trump administration announced last week it would halt immigration from Nigeria — Africa’s most populous nation with the continent’s largest economy and leading tech sector. The presidential proclamation stops short of a full travel ban…
Read More