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Did you know that French VC Firm, Partech raised its African focused VC fund to $143m earlier in the year? Why?
The VC which has investments in companies like Yoco and TradeDepot made six new deals in 2019 with an eye on spurring innovation around the informal economy.
Partech is looking to invest even more. To learn more about Partech and their investment strategy, read this helpful cheat sheet by Alexander here.
While we're still talking startups and investments....The Baobab Network, an African focused accelerator, has invested in 7 Sub-Saharan Africa Startups.
What differentiates The Baobab Network from the rest of the crowd?
Hear them: "At The Baobab Network, we are set up more as a company builder and accelerator, rather than a pure-play play VC, as although we provide funding, our main offering to founders is the focused support for founders right at the start of their journey."
Read all about how The Baobab Network picks startups and the company's overall strategy.
Why are more African startups getting incorporated abroad?“If you bring dollars into an African country, it is difficult to get it out, so the liquidity is not as good," -Bdioui Ilyes,
Venture funding in Nigeria’s tech industry has been growing over the years. Yet most investments have come from funds domiciled abroad.
Abubakar asks all the right questions and provides answers in this brilliant article.
Tanzania’s Essential Social Services (ESS) selected as East Africa winner of 2019 HiiL’s Justice Innovation Accelerator Challenge
Essential Social Services (ESS) provides legal services to the 80% of Tanzanians that cannot afford legal representation but also are not eligible for free legal aid.
Who did Essential Social Services Edge Out?
ESS came out on top and was awarded the winner of the 2019 Nairobi Regional Finals, followed by Sheria Kiganjani and Tenrent respectively.
Here's the scoop.
EDigital Africa is holding a social media workshop this Saturday, December 14th. The workshop will provide an avenue for startups and freelancers to learn how best to leverage social media to enhance growth. The workshop is part of EDigital Africa's offline digital skills training series, Let's Go Digital. Learn more and register for the event here.
The next TechCabal townhall holds on February 28, 2020
What's the focus for February 2020?
Emerging technologies including 5G, Artificial Intelligence, Augmented Reality/Virtual Reality, Cryptocurrencies, Robotics and 3D Printing. TC Townhall: Emerging Tech will examine how these technologies are changing (and will change) how Africans live and do business.
At the townhall, corporate organizations and entrepreneurs across key sectors will understand how they can take advantage of these technologies and avoid/mitigate the disruption they will bring. Investors will connect with the startups and people at the forefront of the fourth industrial revolution. For regulators, they will engage the innovation community about how they can support them and create economic prosperity for their nations.
Want to attend?
Indicate interest by filling this form. Are you a member of the press, fill this form to qualify for a pass. Do you have a startup or project with any of these technologies at the core? Tell us about your project or startup here.
Got any startup or tech leader you would like to hear speak at TC Townhall: Emerging Tech? Have any ideas or suggestions about the event? Send us an email via firstname.lastname@example.org and we just might make your wish come true. For sponsorship inquiries, please email Chidi via email@example.com.
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