“The streak they are on is basically crazy.”
Here’s a stat to blow your mind: Through Q1 2021, Tiger Global has already closed 60 tech deals (~4+ a week). It’s an investment frenzy we haven’t seen in a while. But that’s because their latest fund is a size you don’t see too often; $6.7 billion.
In that time, it has also invested in African businesses, with a recent participation in Flutterwave’s $170 million Series C round. Tiger Global is no stranger to the African market, having invested in Iroko TV and South African ecommerce company, Takealot in 2013 and 2014.
Yet, since then, the firm went relatively quiet in the African space but there’s every indication now that they’re looking at some really interesting businesses. Although nothing is official yet, there is some talk that they are participating in a funding round for a fintech startup in Nigeria.
It will be interesting to see how that plays out but for now, there are a lot of questions about their investment thesis and how they’re thinking about their African investments.
Alex is chasing that story and you can be sure we’ll have some or all of the answers within the week.