Victor Olusegun Mamora’s Post

VC Market in Africa Investors becoming more cautious only funding viable business models. #Startups in Africa face challenges due to a significant drop in venture capital funding, cautious investor sentiment, and the struggle to build scalable and profitable business models amidst global economic downturns. https://lnkd.in/diceU2im

If startups are hanging by a live wire what should it be? In Africa, the relationship between startups and investor funding is often complex. While securing financial backing is undoubtedly important, founders must recognize that true success lies in understanding and serving their market. This approach ensures that businesses can adapt and thrive, regardless of external economic pressures. Omoruyi Edoigiawerie, Lead Partner at Edoigiawerie & Company LP, emphasizes a crucial perspective for African startups regarding fundraising: “What should be the live wire of a startup should be market sustainability, not investor funds. Investor funds should be a buffer that helps you serve your market better, not help you stay afloat.” Many startups fall into the trap of relying heavily on venture capital without first understanding their market dynamics. This approach can be particularly detrimental in Africa's rapidly evolving tech landscape, where market conditions can shift quickly due to economic changes, regulatory shifts, or emerging competitors. A strong market foundation involves more than just securing funding. It requires a deep understanding of your target audience, including their needs, preferences, and pain points. Sustainable growth ensures that the business can create a loyal user base that supports it, even in challenging times. Founders, how have you ensured your startup remains market-focused? Share your experience with us. Content source: Techpoint Africa #Bantaba #Africa #Startup

In TechCabal, Lowenstein’s Rossie Turman, Deangor Chin, Waleey Fatai explore startup funding trends in Africa, including how to best navigate the current landscape and the rising significance of angel investing for early-stage founders. Read the full article: https://bit.ly/3xcKhXW #startups #africa #angelinvesting #techlaw #africatech

With the latest reports about the African startup landscape,🚀 Here's a quick glimpse into the dynamic financial landscape. Venture capital fuels innovation for 31% of startups, while funding elevates aspirations, driving growth with an average of $800 million. Notably, Kenya's $880 million in 2023 underscores a robust appetite for expansion. 💰 Experience the transformative power of funding! Funded startups enjoy a remarkable 72% higher success rate, proving the importance of investment in innovation. 💡 With that being said … 💼Movin Africa is your go-to place for comprehensive financing solutions. From strategic investments to transformative partnerships, we offer a range of support options tailored to meet the unique needs of startups and businesses. Whether you're an ambitious entrepreneur with a groundbreaking idea or a growing startup ready to scale, we're here to provide the strategic guidance you need to succeed. 🌍 So don't hesitate to reach out to us today at [email protected] Linktree: https://lnkd.in/gP9m6y2K #MovinAfrica #StartupFinancing #VentureCapital #EmpowerYourVision

Investing in the dynamic startups ecosystem of the MENA region exceeded expectations. In March 2024, a total of $253.5 million was invested in MENA startups. 54 startups successfully raised funding to support their growth and innovation. Interestingly, 89.7% of the funding went to male founders, while only 10% went to mixed genderfounders (with a mere 0.2% going to female founders). It is clear that the Middle East and North Africa (MENA) region remains a vibrant hub for entrepreneurial endeavors and investment prospects. If you seek an angel network to partner with in supporting innovative startups that shape our ecosystem’s future, look no further than COREangelsMEA. Our commitment extends beyond financial backing; we prioritize people—whether founders,consumers, or investors. At COREangelsMEA, we invest in the most valuable asset: human potential. To join us, visit our website https://lnkd.in/eahp7PSv #startups #MENAregion #investment #COREangelsMEA

Join us for the 10th edition of The Insider Series, where we will unpack key insights on "The Resilience Factor: Overcoming Challenges in Nigerian Fintech and Startup Venture Capital in 2024" with special guest Kola Aina. During this session, you can expect an in-depth look at: - The venture capital landscape in Nigeria - Factors behind the 2023 downturn and its impact on fintechs and startups - How fintechs and startups navigated challenges and pivoted their models - Building resilience strategies as a startup in uncertain markets - Kola's outlook on the industry in 2024 With decades of experience leading investments in over 100 startups across Africa, India, and the US, Kola will draw on his extensive expertise in discussing the reality of building sustainable businesses in Nigeria's dynamic landscape. You won't want to miss this! Please register now to secure your spot: https://lnkd.in/dS2Hxm_b #AlukoandOyebode #TheInsiderSeries #AOInsiderSeries10 #NigerianFintech #StartupVentureCapital #ResilienceFactor #NigeriaVC #FintechInsights #StartupChallenges #ResilienceStrategy #NigeriaBusiness #KolaAina #StartupInvestments #AfricaStartups #Nigeria2024 #StartupLandscape #DynamicMarkets Yoma Odjighoro Kola A. Ventures Platform Fund

Verod-Kepple Africa Ventures' $45 million fund targets growth-stage African startups providing scalable solutions for public infrastructure and amenity-related challenges, resolving business inefficiencies, or creating economic opportunities for people based on the evolving dynamics of Africa’s economy. “When it comes to assessment, we look at the deal to see whether the opportunity falls under these pillars very well. We don’t want to invest in models replicated from other parts of the world or businesses that just have a tech layer. We want to back businesses and founders that tackle deep issues and problems in Africa,” said Ryosuke (Rio) Yamawaki, Partner at Verod-Kepple Africa Ventures. “Regarding the actual process, we have two IC (investment committee) step-by-step processes with a modest degree of due diligence. After that, we do a deep dive into the details of the businesses and then make a final decision,” Yamawaki added. Via TechCabal. https://lnkd.in/d6gZKwBp #startups #funding #venturecapital #tech #investing #africa #vcfunding

10 African startups that have shutdown/struggling even after raising millions of dollars 1. Is Africa not ready for certain business models? 2. Is the traditional VC model broken? (of pumping money for growth even when a startup is losing money) 3. Should the founders be replaced with the more experienced CEOs when the business reaches certain size? 4. Is fund misappropriation not well examined? 5. Should it not be a big deal for first-time founders? (fail fast, fail forward). https://lnkd.in/dKzCeKGK

Introducing Kili Ventures: Empowering Impact-Tech Entrepreneurs in #EmergingMarkets 🌍 🚀 At Kili Ventures, we invest in the #future by backing #startups that create measurable social impact alongside strong financial returns. With over 7 years of expertise in Africa's innovation ecosystem, we support visionary founders shaping the future of the continent. Our mission is to build strong channels for European 🇪🇺 (and not only) investors to connect with Africa's dynamic tech scene, driving mutual growth and innovation. We scout, select, invest in, and support promising tech ventures, leveraging our unique combination of experience and passion. Our team comprises founders, investors, and venture creation experts, with 13+ years dedicated to supporting new companies in Europe and globally, and specifically, 7+ years of focused experience with African startups 🤝🏼 Are you a growing startup looking for funding? Do you want to invest with Kili Ventures in emerging and disruptive companies? Join us in fostering a brighter, innovative future for Africa and beyond 👉🏻 https://www.kili.ventures #KiliVentures #ImpactTech #AfricaTech #Innovation #Investments

"If the next generation of African unicorns are to last, venture capitalists must shift away from demanding rapid, exponential growth and favor paced profitability as the model of success." Sabrina Dorman, Co-founder Zumi. This article was published a short while back before Copia and Gro hit the news. I agreed with everything that she put out in the article especially the last part... "If African investors can shift this paradigm, the valuable businesses they create will in turn become investors in their own ecosystem and nurture the next generation of African unicorns." More than just nurturing the next generation of unicorns, they will nurture the businesses that "make what people want". Key word is business not startup. Time for the African startup to run like an Indian business? PS. It took 4-5 years of me consulting for an Indian owned tech company for me to really understand the difference between being in business and being in startup. Read the full article by Sabrina - https://lnkd.in/dGShAq8y I've written about VC in Kenya/Africa before on a slightly similar tone. "The curse of VC funds, or is Africa just a tough market?" Read more - 🚀 https://lnkd.in/d7pzx-Pq