I need another day to process and to prepare.




So I said I am going to share more on why early stage seed capital is critically needed for high growth tech start-ups. I realise the depth of the subject matter and need another day to process some thoughts.

For now think about this http://launchafrica.vc/ extract taken from Launch Africa literature.

Africa Is Ready For Technological Disruption
• Africa is the world’s fastest growing market, estimated to account for 1/3rd of global population by the end of the 21st century.
• There is a growing need to ‘leapfrog’ innovation as seen by a stark rise in tech hubs, accelerators, incubators and corporatestartup
collaboration with unique tech adoption rates.
• Closing the gap in Seed to pre-Series A - There is a big gap in early stage venture funding across Africa where most VC funds
focus on $500k to $5m Series A and B type deal sizes.
• According to research from Partech Partners, in 2019, $2.02 billion in venture capital funding was invested in 250 deals from 234
tech/digital startups across Africa, compared to $1.16 billion in VC funding invested in 164 deals from 146 startups in 2018.
• Despite the early aftermath of COVID-19, in Q1 2020 alone, African tech startups raised ~$350 million in VC funding, a 27%
increase from the same period in 2019.

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