Zedcrest Capital, a firm known for its debt and equity capital markets investments but who recently started dabbling into venture investments, has launched a $10 million fund for pre-Series A stage startups in Africa. With the proper funding, African startups can achieve their dream. The tech ecosystem in Africa is growing rapidly, and many startup founders will expect to make a decent exit. All rights reserved. After backing market leaders like Kuda and MarketForce, the VC has been aggressively spreading its bets among pre-seed, seed and series-A startups across Africa. Undergraduate Scholarships for Developing Countries Opportunities for Africans in Europe They receive a EUR 20,000 award and a year of support to continue and implement their project. "Standard Bank has been a pioneer in leveraging blockchain to bring speed and transparency to our customer base across Africa. Opportunity Desk 2024 Funding African Businesses - Free Grant Money For Anything Google want to bridge the existing fundraising gap for Black startup founders in Africa's fast-growing technology landscape. The current market conditions have also seen startups such as Swvl, Vezeeta and Wave conduct layoffs. One of the more significant reasons for the rampant growth of the blockchain sector - is pure necessity. The program supports 10 to 15 African digital start-ups and gives them access to appropriate financing and expertise. Deadline: 20-Sep-2022 Primate Conservation, Inc. will grant seed monies or provide matching grants for graduate students, qualified conservationists and primatologists to study rare and endangered primates and their conservation in their natural habitat [ more] DRK Foundation's Seed Funding of $300,000 for 3 years Deadline: Ongoing Opportunities for Nigerians Grant Opportunities for Entrepreneurs 2025 A New $75M African Guarantee Deal Signed For African SMEs, Helm Hits a Billion Messages With DStv Assist, Significant Growth Ahead for Africas Mining Sector in 2023, The state of ICT in Nigeria the rise of the tech-savvy customer calls for humanised digital customer engagement, Tunisian Gaming Startup Galactech Acquired, Tunisian Authorities Prohibit Newly-Funded Algerian Mobility Startup Yassir From Operations, South African Gaming Startup Carry1st Raises $27M From Top VC Firms. Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. 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. The report shows in detail how Africa has self-accelerated blockchain as a transformative force for society and the economy, and how pioneers continue to reinforce the need for more unified action on regulation and infrastructure. ScarabTech, which was founded in 2018, specialises in the development of small-scale and extremely efficient plastic-to-energy devices known as Beetles. These machines, which were created utilising specific software algorithms and design, heat plastic waste, creating a vapour that is then caught and reconstituted into carbon-neutral fuel that can power generators and engines. Funding Opportunities for Journalists 2023/2024, Scholarship 2023/24 Phd Scholarships for African Students 2024 For early-stage startups running out of money, having raised and spent several million dollars in the past couple of years, access to follow-on capital required to transition to the next growth phase is crucial. Opportunities for African Youth Opportunities for Youth in Africa Yunus and Youth Fellowships for Social Entrepreneurs, Scholarships for Study in Africa Scholarships for African Students Undergraduate Scholarships African Women Scholarships & Grants Developing Countries Scholarships Erasmus Mundus Scholarships for Developing Countries Fellowship Programs Funding Grants for NGOs Government Scholarships LLM Scholarships MBA Scholarships PhD and Masters by Research Scholarships Public Health Scholarships - MPH Scholarships Refugees Scholarships Research Grants Scholarships and Grants, Scholarships in Australia Scholarships in Austria Scholarships in Belgium Scholarships in Canada Scholarships in Germany Scholarships in Italy Scholarships in Japan Scholarships in Korea Scholarships in Netherlands Scholarships in Switzerland Scholarships in UK Scholarships in USA, What is an Operating System? Advance Africa Scholarships 2024 They are all experts in supporting and financing digital technologies. "Legitimate Opportunities for Entrepreneurs Available Now" While the specific amount of the investment has not been published, it represents the companys first equity-led round following initial fundraising from several angel investors. Scholarship Positions for Developing Countries Seed Funding for African Startups 2024 Ventures Platform has made over 60 investments since its launch in 2016. Grants for African Entrepreneurs 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. Innovative start-ups/SMEs (health, biotechnology, environment, etc. Okra This Nigerian fintech startup needs no introduction. Youth Entrepreneurship Grants in Africa A report by Briter Bridges and Catalyst Fund puts the average seed round of African startups at $1.7 million compared to $4.6 million and $5.7 million for Indian and Latin American startups, respectively. Funding Opportunities for Entrepreneurs 2025 Opportunities for Entrepreneurs 2023 To find our venture capital fund and incubator partners closest to you, please select your location. 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. 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. Nigerian startup GetEquity launched in 2021 with pre-seed backing from GreenHouse Capital. 2023 Business Grants With data in and around blockchain in Africa still scarce, the first Africa Blockchain Report will be an important milestone. Small Business Grants 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. Scholarship Positions Undergraduate They use 2025 Business Grants Scholarship Position to help it expand across East Africa. Startups in this region have made significant progress in developing their product and business models. Https Www Opportunity Desk Opportunity Desk 2023 Short Term Training Scholarship for Developing Countries 2024 Scholarship for Developing Countries 2023 Support, co-working spaces, networking, etc. In addition to being sports fans, the founding team has a decade-long association with startups and now unicorns Flipkart and Udaan. Early-stage entrepreneurs across the region are creating innovative online and offline models responding to critical products and service needs. 2024 Opportunities for Africans Sponsored Short Courses for Developing Countries 2023 Global Founders Capital is a great source of seed funding for African startups. Some African startups have attracted interest from Silicon Valley venture capital firms. Short Course Scholarship for Developing Countries 2025 Most investors are not writing checks right now. AfricInnov and AfriLabs. Among the 25 Business Grants for African Entrepreneurs and Startups listed below you will find good funding opportunities for Africans. Commonwealth Scholarship 2024 Grants for Startups in Kenya 2025 They use Opportunities for Africans 2023 Scholarships for 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. Once the company has its start-up funding, it will start growing fast and attracting customers. Start-up support structures (incubators, accelerators and hubs) to build their capacities and become more professional. Opportunities for Africans 2024 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. A digital tech boom is happening across Africa. 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. For growing start-ups, Catalyst provides additional financing (up to EUR 60,000) alongside the investment of a business angel. Application Deadline: May 31st, 2022. Free Grant Money For Anything in Africa. The silver lining has been the self-fast-tracking of Africas digital and tech economy. Commonwealth Shared Scholarship 2025 These grants are applicable to not just already existing business owners alone but individuals with innovative business ideas. 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. AFD supports incubators, hubs and accelerators that promote innovation and entrepreneurship. These projects, and other in the field, are validating our business model and technology in its intended operating environment, a crucial step before we scale the business to start making an impact in the fight against plastic waste. Startup Grants 2025 Scholarship for Developing Countries in Engineering 1 min read January 18, 2023 Members. Previously we were angel funded between 2018 and 2022, notes Jeffrey Barbee, co-founder and chief executive of ScarabTech. Your email address will not be published. Weekly Economic Index: A bullish summit, a loan bailout, and the worlds longest subsea cable, Ethiopia has lost $410 million to a war-induced internet shutdown, Weekly Economic Index: Starlink in Nigeria, Seychelles tourism rebound and bigger layoffs at Amazon, My Pivot Journal: Stephanie Durugbors journey to becoming a product designer, My Pivot Journal: How Florence got her groove back learning to code. The biggest tech hubs kept their strong leads with Nigeria and Kenya each topping a billion dollars in funding. Masters Scholarships for African Students 2025 A pre-seed startup investment round precedes Seed and Series A rounds, and may follow funding from an angel round or a period of bootstrapping with your . Kenya: Call for Applications for Startup Grants Start-ups to access financial support of up to EUR 300,000. Scholarships for Developing Countries in Africa Opportunities for Youth PhD Scholarships for International Students - Fully Funded! Talk360s payment platform will integrate all payment options in the continent creating a diverse pool of localized payment options, making it easy for international and local businesses to sell to buyers residing in Africa. Ronaldo v Messi: the last dance in Saudi Arabia or a fresh start? Commonwealth Shared Scholarship 2024 Prospectus ), Mali, Cte d'Ivoire / Ivory Coast, Ghana, Tunisia, Senegal, Egypt, Kenya, Morocco, Democratic Republic of Congo, Uganda, Nigeria, Guinea, Burkina Faso, North Africa, Financing in early stage and growth $1 $10M. 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. But Ventures Platform will likely beat this number this year because it recently closed a $46 million fund. Egypt remained the destination for venture capital in North Africa, as a $50 million round led by PayPal Ventures in fintech startup Paymob showed. Africa Mobility Initiative 2. South African batsman Amla announces retirement at 39, OECD sees revenue gains from new tax pact reaching $250bln, China is reshaping the Belt and Road Initiative ahead of a post-pandemic era. About 20 startups are currently listed on its platform and over $400,000 has been invested on the platform. Your email address will not be published. . Since 2011, LoftyInc has invested made over 160 deals on the continent, including many stand-out names like Flutterwave and Andela. But were not just solving socio-economic issues: Were also offering micro-entrepreneurship and income generating opportunities to our growing network of agents across the country.. Business Grants for African Entrepreneurs 2024 Akro Accelerate 3. Candidate SMEs will be analyzed to assess their development potential in order to validate the relevance of financial support. Scholarship Positions To date, CV VC has invested in 12 startups where blockchain-use cases go far beyond cryptocurrencies to drive Africa's future. The company said its internet calling app has connected 2.3 million people worldwide so far this year, and attained 167% growth in customers and 130% in revenues. The continent's tech economy is its stronghold Concluding the launch of the African Blockchain Report, Ian Putter, head of the Blockchain CoE&CA Training Office at Standard Bank Group, the largest African bank by assets, said: Africa matters. The GSA is Africas largest independent start-up ecosystem competition and an exclusive mechanism for the GIIG Africa Develop to locate, fund, and scale Africas most innovative entrepreneurs with SDG-aligned clean energy solutions. Africa Startup Initiative Program (ASIP) 2023 for African tech startups. Context In May 2018, during the Vivatech Digital Rendez-vous, the French President, Emmanuel Macron, announced a French commitment of EUR 65m for African start-ups and the launch of the Digital Africa initiative. Commonwealth Scholarships for International Students 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. 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Commonwealth Shared Scholarship 2023 Talk360s latest investors include Allan Gray E2 Ventures (AGEV), Kalon Venture Partners, E4E Africa, Endeavor, existing lead investor HAVAC and a number of angel investors, including Tjaart van der Walt and Coenraad Jonker. 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. Websites Like Opportunity Desk African startup funding broke new records in 2022 reaching $4.8 billion, according to data from startup tracker, Africa: The Big Deal. So far, our analysts have tracked over $200 million worth of disclosed fundraising deals. 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. Kenya: Call for Applications for Startup Funding Opportunities for Africa It was founded by Jesse Ghansah and Barima Effah and is expected to launch in June 2021. Funding Opportunities for Entrepreneurs 2023 Currently focusing on cricket, Podeum is building an online community . Yet in what happens to be the first time since at least early 2019, it briefly gave up the first place to Logistics & Transportation in the final . Africa offers lucrative investment opportunities The African continent is emerging as a vibrant technology investment location. Commonwealth Shared Scholarship 2023 Prospectus Eden Care, a licensed Rwanda-based digital insurer which offers affordable, accessible and personalized health coverage to businesses and their employees, has completed a pre-seed funding round from DOB Equity , Seedstars International , Norrsken Foundation, and Bathurst Capital. Funding Opportunities for Entrepreneurs 2024 The fund is open to all startups that meet the criteria, with priority given to Google for Startups Accelerator and Partner program alumni. The fund says it 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. Your email address will not be published. However, African startups maintained their upward trend despite this slowdown. Funding for African Businesses A large portion of this seed funding was invested in fintech startups. Aside from closing 43 deals, it also increased its standard deal size to $500,000 from $125,000. They have real potential in terms of job creation and impacts on Africas development. They use As a result, global startup funding was slow. And for those writing, theyre going back to 2018 times where they take months for due diligence. ), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. Pre-seed funding is an early funding round in which investors provide a startup business with capital (sometimes up to $2 million) to develop its product in return for equity in the company. Since then, it has provided seed funding to over many more startups, including Quidax, and AltSchool. Senegal is the regions leading tech hub, with the $112 million raised by its startups being twice more than the next best countries DR Congo and Cte dIvire. 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. 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