African startups have great business ideas, but they need seed funding to get going. Support, financing, co-working spaces, networking, etc. South Africas Talk360 raises $4M to build single payment platform for Africa. So, if you haven't yet started to apply, here is a good place to start learning about them. World Bank Scholarships for Developing Countries Microtraction, an early-stage venture capital firm that invests in African startups at the pre-seed stage, is announcing that it has reached the first close of its second fund,. Seed Funding for African Startups 2023 Opportunity Desk Scholarship 2025 The program offers to provide technical assistance and catalytic partnerships to 10 to 15 digital start-ups with a high investment capital impact (in the form of an equity investment, convertible debt or a SAFE investment of up to EUR 300,000), so that they can develop solutions for underserved populations on fragile and border markets. Scholarships for Developing Countries 2024 Insights from two Black tech founders in Philly on raising capital from VC's, even when the percentage of money going to Black founders is so low. Across the east African region, only 10% of all funding for startups went to local founders, according to a 2017 study by Village Capital. Startups raised $4.6 billion in 2021 itself a record year. . Startup Grants 2025 Grants for African Entrepreneurs 2023 Months after the initial close of its seed round, Talk360, a South African Voice over Internet Protocol (VoIP) startup, has raised an additional $3 million, bringing the total investment raised in the round to $7 million. Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africas burgeoning tech startup industry. Unesco Scholarships for Developing Countries Scholarship Positions Undergraduate We invested more into Talk360 based on its strong progress in the South African market to date, as well as its potential in the rest of Africa. It looks at the underlying revolutionary blockchain movement, set to enable Africa to transact and interact for the wellbeing of its people and economies. Youth Hub Africa CV VC has a proficient team on the ground, including Gideon Greaves, who today said: As a Swiss headquartered company, CV VC holds great value in precision and knowledge sharing as drivers of innovation. Some examples of successful exits include Stripe, which acquired Lagos-based startup Paystack for $200 million. Last year, top investors such as Tiger Global, SoftBank and Sequoia Capital put several million dollars into African startups, especially unicorns, in what was a boost to the continents local ecosystem. Since then, it has provided seed funding to over many more startups, including Quidax, and AltSchool. The firm had 28 deals in 2022. But Ventures Platform will likely beat this number this year because it recently closed a $46 million fund. The Government of Canada (20 deals) The Government of Canada is a newcomer to the top ten investor list, having closed 20 deals in 2022. These organizations are committed to supporting entrepreneurs across the continent and helping them create sustainable businesses. Undergraduate Scholarships for African Students 2023 Capacity building and direct technical assistance to digital start-ups with high impact potential, Searching for and accessing funding in Africa and around the world to ensure the scaling up of African tech innovations, Supporting public policies favorable to innovative digital entrepreneurs in Africa. Seed Funding for African Startups 2024 Global Founders Capital is a great source of seed funding for African startups. Opportunity Desk India Seed funding for African startups is important for a number of reasons. African Union Scholarships 2023 - The regulatory quagmire is clearing as six nations have regulated, and others are making headway; and - Blockchain in Africa is unique as it is driving from the bottom up, where essential industries are propelling forward with blockchain tech, agriculture, mining, remittances, inclusion, identity, and property, to name a few. Our mission is to bridge distance and connect lives by offering reliable, affordable and easy-to-use digital services, delivered in a localised manner to all communities, particularly emerging countries, so they can connect to the world, said Hiine. The Hague Institute for Innovation of Law (HiiL) is currently accepting applications for the 2021 Innovating Justice Challenge, it is calling to all game-changing justice startups that want to grow their impact and business. In this article we have listed our top 21 startup accelerators in Africa. Financial institution dedicated to boosting the contribution of the private sector to the sustainable #development goals. Image Credits: Zedcrest. With backing from the likes of Magic Fund, Acuity Ventures, Launch Africa Ventures Ventures, and Plug and Play, we're certain the startup has news to offer in 2022. This money can also be used to register their business in the appropriate jurisdiction. Flat6labs invests in startups in the Middle East and North Africa Region and has active seed funds in Egypt and a sister fund in Tunisia. Although it is difficult to find, there are several different sources of startup funding, including private investors, foundations, and angel investors. So if a startup has a short runway, you need someone who can give you money and will not take five months to make a decision, added Amzat referencing his funds capacity to fill in this need. This non-dilutive $3 million fund is allocated across a pipeline of 50 investable startups in Africa. "Legitimate Opportunities for Entrepreneurs Available Now" Required fields are marked *. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc. Launched in 2021 by Favour Ori, the Rwandan fintech is facilitating sending and receiving money globally from Africa. 2024 Business Grants Commonwealth Scholarships for International Students Opportunity Desk Scholarship 2023 Share this: Mareme Dieng, 500 Startups Lead, Global Innovation Strategy, Africa shares 500's vision for Africa. committed to supporting African start-ups by 2022, in partnership with local partners See and/or download documents Lynk transforms the informal sector in Kenya With Andela, the best developers are also trained in Africa Digital Africa seed fund pdf Fisea+english version Size: 2.68 MB Download Preview pdf Choose Africa Brochure Size: 1.60 MB The body of the text is provided on an as is and as available basis and has not been edited in any way. AFD works with 4 partners that are experts in supporting and financing digital innovation in Africa: the consortium made up of the African Business Angels Network (ABAN) and AfriLabs, the Greentec Capital Africa Foundation, the association Entrepreneurs & Dveloppement, which draws on the capacities of the Investisseurs & Partenaires group, and the Mercy Corps Europe Suguba consortium. Startups in this region have made significant progress in developing their product and business models. Techstars has been active in Africa since 2015 when it first invested in MAX, a mobility startup. witnessing more VC investments in H1 2022. Scholarship for Developing Countries 2023 Ugandan tourism-tech startup Tripesa has raised a pre-seed round of funding as it seeks product-market fit ahead of continental expansion. Ronaldo v Messi: the last dance in Saudi Arabia or a fresh start? Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window), Click to share on Skype (Opens in new window), Click to share on Reddit (Opens in new window). The African tech ecosystem has shown impressive growth in the last decade, and many investors want to have a seed in this thriving ecosystem. Undergraduate Scholarships for African Students 2025 2023 Opportunities for Africans Opportunities for African Youth This is what CV VC intends to do with other drivers in Africa, said Mathias Ruch, co-founder of CV VC. They enjoy large market opportunities and boast high growth rates . African startup funding broke new records in 2022 reaching $4.8 billion, according to data from startup tracker, Africa: The Big Deal. By providing seed funding for these startups, these institutions are able to help entrepreneurs develop their products and expand their markets. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. As a blockchain investor and builder of international startup ecosystems, CV VC commits to investing in the broader applicability of blockchain to solving problems and creating new markets beyond crypto. Founders Factory Africa closed 18 deals in 2022, ranking it ninth among Africas top investors. Business Grants in Kenya 2025 AFD Group is an active partner that combines long-term financing and technical and strategic assistance. The report's headline findings: - Companies raised $91m in Q1 of 2022, a staggering 1,668% YoY increase from Q1 of the previous year; - When comparing Q1 2021 vs Q1 2022, venture funding for African blockchain startups far outpaces the growth seen in general African venture funding - 1,668% vs 149% - showing 11 times the level of growth on a YoY basis; - Africa is the fastest adopting crypto continent globally, yet it has only a 0.5% share of total global blockchain venture funding, which stands at $25.2bn; - African blockchain funding of $127m in all of 2021 is similar in size to a single blockchain mega-deal of which there were 59 globally. Business Grants for African Entrepreneurs 2023 2023 Grants for Small Business in Nigeria Below is the list: The largest funding round $8.7 million went to Paebbl, a Scandinavian startup that combines captured carbon with abundantly available minerals to create a carbon-negative raw . Among the 25 Business Grants for African Entrepreneurs and Startups listed below you will find good funding opportunities for Africans. Business Insider Africa presents 10 African startups that have sealed the largest funding rounds in January 2022. Loans and Grants for Small and Big Business 2025 Opportunities for Entrepreneurs 2025 A home swapping network called kindred recently raised $ 7.75 million in seed funding. The Pan-African VC closed 34 deals in 2022, making it the fifth-most active investor for the year. Commonwealth Shared Scholarship 2023 Scholarships 4 Dev African Union Scholarships 2025 AFD Group is an active long-term partner, combining financing and technical and strategic assistance. A digital tech boom is happening across Africa. This funding is crucial to African startup growth, and it will boost the economic growth of Africa. Tied at the top spot with Launch Africa, Google is also making giant strides in African technology. One of the more significant reasons for the rampant growth of the blockchain sector - is pure necessity. The Silicon Valley-based VC firm entered the African market in 2020 by opening an office in Johannesburg. The Catalyst program is led by the ABAN and Afrilabs consortium. expects the negative impact on venture funding to accelerate in the second half of this year as global investors revert to pre-COVID investment deployment levels, taking months to close deals and focusing on backing startups with strong unit economics. The firm has a very-early stage fund, Ventures at Zedcrest, that targets pre-seed and seed companies. The fund, dubbed Knight Fund, is aimed at providing last-ditch follow-on capital access to local funding required to help startups consolidate on existing operations, growth and expansion, explained Zedcrest Capital, the Lagos-based principal investing firm and financial services group. Business Grants for African Entrepreneurs 2025 As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continents pioneers in this regard. Commonwealth Scholarship Malaysia Scholarship Positions Innovative start-ups/SMEs (health, biotechnology, environment, etc. Will privatisation rescue Kenyas national carrier? They use With its Digital Africa seed fund, AFD is supporting four programs to assist and finance digital start-ups right from the start of their activity. Antler 4. The GreenTec Capital Africa Foundation offers an ad hoc financing facility for start-ups that join its program to prepare support for Venture Building, in the form of a repayable loan with a 0% rate of up to EUR 25,000. It was also the year the accelerator set up shop in Lagos, Nigeria. Nigerian startup GetEquity launched in 2021 with pre-seed backing from GreenHouse Capital. In the same month, it made history as the first Rwandan startup to get into the Techstars Toronto Accelerator Program. African Startup Funding Tracker. Seed funding is meant to help the startup with its initial growth via product development and marketing research, the funds of which come from incubators, family members . You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh, Your email address will not be published. Sign Up Now for funding emails Dean Hiine, the startups co-founder and managing director for Africa, told TechCrunch that existing digital payment methods in Africa are scattered and some involve lengthy and complex processes, affecting its conversion rate. Flat6Labs, an Egyptian accelerator, comes in at sixth place among Africas top investors. CV VC, as an initiator of Crypto Valley - the world's most mature blockchain hub, with an enviable regulatory landscape and 14 blockchain unicorns - intends to lend its renowned expertise to enable Africa, the world's second-largest continent in both size and population to achieve its true potential. Grant Opportunities for Entrepreneurs 2025 It allows: This financing mechanism for African start-ups in their seed phase complements all the tools available to accelerate the growth of small and medium-sized enterprises. Talk360 told TechCrunch, in a past interview, that its decision to be a payment aggregator was informed by the challenges it encountered in implementing digital payment options, which affected the bottom line of its internet calling business. Undergraduate Scholarships for African Students 2024 Sign up for Semafor Africa: A rapidly-growing continents crucial stories. The inaugural African Blockchain Report, published by CV VC in collaboration with Standard Bank, highlights that obstacles to global transformations seem surmountable when seeing Africa's urgent actions to utilise blockchain becoming the norm. In the third quarter of 2022, funding declined by 55 per cent year-on-year. A small number of other organizations and foundations are also stepping up to help African startups grow. Digital Africas mission is to build the capacity of African tech and digital entrepreneurs to design and scale innovations for the real economy. Scholarship for Developing Countries 2025 Commonwealth Scholarship 2023 This financing mechanism for African start-ups in their seed phase complements all the tools available to accelerate the growth of small and medium-sized enterprises. The Mauritius-based VC closed 60 deals in 2022, averaging more than one deal every week. While actively participating in Africa, we are amazed and humbled by the determination of the brilliant founders who are changing the future not just for their industries and nation but for the world. For local funds such as Zedcrest Capital, it also makes sense to create such a fund because theres a much higher probability of getting into good deals that were otherwise overpriced last year. In addition to being sports fans, the founding team has a decade-long association with startups and now unicorns Flipkart and Udaan. This support can focus on technological issues or concern typical issues for start-ups (strengthening accounting, marketing support, training teams, etc.). ScarabTech, a cleantech start-up, is planning many commercial projects in Africa, Asia, and Australia as a result of a seed funding round from GIIG Africa Fund, a "profit and purpose" fund. Grants for Startups in Kenya 2024 Launch Africa was the most active investor in African startups for a consecutive year. The Knight Fund will see Zedcrest Capital back startups that, for some reason, are finding it hard to raise a Series A round or prefer to rally a bridge round before going to the market for the venture round. 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But its also pertinent to know where this liquidity is coming from. Available free as part of an open-sourcing initiative with industry partners, alongside the full list of 481 Nigerian tech startups. 2023 Ventures Africa. 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Short Term Training Scholarship for Developing Countries 2023 Some African startups have been able to raise US$1 billion in the past five years. Were still investing in seed from our first fund but we are also going to slow down because the biggest opportunity right now will be in this pre-Series A, said Adedayo Amzat, founder and CEO of Zedcrest Capital. The latest round of seed funding was led by Sava, an African company that provides spend management software. 2 min read The news After raising $550,000 in a pre-seed round, Nigerian fintech startup, Pivo, has followed it up with $2 million in seed funding. Commonwealth Scholarship 2024 Developing Countries Scholarships Since our first investment, the company has shown spectacular growth, and a genuine ability to crack the challenge of distribution in Africa. Subsidiary of @AFD_France/@AFD_en, @annesophieave @ChiefBenson2 @AFD_France With #ChooseAfrica, @AFD_France Group makes all its tools available to African start-ups, microenterprises and MSMEs to finance and assist them at the various stages of their development, particularly through local partners supported by the Group, more on: https://choose-africa.com/en/, La Directrice du dpartement Pilotage du Rseau de @Proparco, Myriam Brigui, prsente l'initiative #ChooseAfrica de soutien aux #startup et PME en #Afrique : "Depuis 2018, ce sont 120 M de financements qui ont t engags au bnfice des start-up/TPE/PME tunisiennes ", #COP27 : sur le fonds ARAF d'@Acumen que nous soutenons, via la facilit FISEA+ du Groupe @AFD_France qui fait partie de #ChooseAfrica. With its tiered model, targeting pre-seed, through two successive tickets in the startup according to the stage of development, Fuz is today a unique model on the continent. Startup Grants 2024 The silver lining has been the self-fast-tracking of Africas digital and tech economy. Scholarship for African Students in Europe Commonwealth Shared Scholarships 2025 These grants are applicable to not just already existing business owners alone but individuals with innovative business ideas. But Ventures Platform will likely beat this number this year because it recently closed a $46 million fund. This way, we can be sure of the relevance of facts from which we can benchmark forward. Ventures Platform has made over 60 investments since its launch in 2016. Opportunities for African Graduates Opportunities for Africans 2024 And from last years data, we see that even a tech winter did not stop them from deploying capital to the continent. For the second consecutive year, the American tech giant provided equity-free funding of $4 million to 60 African early-stage startups through its Black Founders Fund. It's exciting to see that the record is on its way to being broken in 2022. 2024 Opportunities for Africans However, African startups maintained their upward trend despite this slowdown. 2025 Opportunity Desk And even though the industry is still in its early days, it has made indelible progress. The latest round of seed funding was led by Sava, an African company that provides spend management software. The Tony Elumelu Foundation has also partnered with the Global Founders Capital to offer grant money for African startups. Masters Scholarships for Developing Countries A chart showing the percentage of companies with over $1m . Opportunity Desk 2024 Many Africans cannot rely on vast, centralised, regulated infrastructural systems. Save my name, email, and website in this browser for the next time I comment. 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