TLcom reaches midpoint deployment in $5M TAPSI fund with key bet on TurnStay

TLcom's captive pipeline mirrors Sequoia's early-stage playbook, except African founders face operational chaos, making each $200K bet a bigger leap of faith.

Flat6Labs restructures into F6 Group, launches F6 Ventures to back early-stage startups

F6 Ventures will manage six funds with over $90 million in AUM and plans to expand that figure to $200 million in five years.

54 Collective faces liquidation over misused Mastercard Foundation grant

The ruling signifies a stark end for the ambitious venture, which was established in December 2022  

Liquify, a Ghanaian female-led startup, raises $1.5 million seed to close Africa’s trade finance gap

Liquify, an invoice finance marketplace, secures $1.5M seed funding led by Future Africa. The fintech has already financed $4M worth of trade.

12 Africa-focused investment firms to know in 2025, according to a VC, Tobi Hanington

As funding tightens across African startups, these 12 investors remain active across the continent.

LoftyInc secures $43 million first close for new Africa seed fund

The Alpha Fund is designed to build on insights from previous funds. It will focus on seed investments that enable entrepreneurs to build resilient companies and achieve scalable growth.

P1 Ventures closes $50 Million fund to back global companies “made in Africa”

With over $60 million now in AUM, P1 Ventures builds on a year of strong momentum in which it completed its largest-ever deal.

Saviu II, the francophone-focused fund, reaches second close of €25 million to invest in African startups

Saviu II, the second fund of French-focused VC firm Saviu Ventures has reached its second close of €25M with plans to invest higher ticket sizes.

African VC Janngo Capital closes $78M fund for women entrepreneurs

Just two years after the first close of the fund at $28.1 million, Janngo hits a second milestone.

Fewer than 5% of seeded African startups make it to Series A

105 companies raised seed funding in 2022. Only 5 have successfully raised their next rounds

Fintech giant Visa backs Kenya’s Workpay in $5 million raise

The startup has raised new funding led by Norrsken22, with Visa joining, to streamline HR and payroll across Africa, enhancing compliance and expanding financial scope

d.light raises $176 Million debt to provide off-grid solar power in East Africa

d.light, has recently closed a new $176 million securitization deal to support affordable solar solutions for low-income households in Kenya, Tanzania, and Uganda.