At the Endeavor Nigeria annual gathering in January, Halima Aliko Dangote walks in with her father who is introduced to a group of Flutterwave volunteers from MIT Sloan. Doing the honours is Bolaji Balogun, a 90’s veteran of First City Monument Bank, and CEO of Chapel Hill Denham, a Lagos-based investment consultancy. The Dangotes’ arrival […]
As it marches into its third decade of startup investing, TLCom Capital has announced the close of its TIDE Africa fund at $71 million. Over the next eighteen months, the venture capital firm aims to invest in 12 startups in the continent’s major markets. The TIDE fund is TLCom’s initiative for the African technology environment. […]
After accepting its first Limited Partner (LP) investment in 2018, Lateral Capital has exceeded its initial closing target of $20 million. The US-based fund aims to accelerate and invest in early and growth-stage ventures in emerging and frontier markets. Its venture fund gained interest from institutional investors and family offices from the US, Europe, Middle […]
Billion-dollar companies are not built by rich founders with shiny pitch decks. Bullish big-ticket announcements do not guarantee great leaps. And while capital remains a primary need globally, a stable startup in Africa must tame aggressive human and structural challenges. There is no flawless template for success. But with his work at Andela and Flutterwave, […]
Business-to-business payments platform Flutterwave has completed a $35 million Series B round. With operations across eight African countries and the UK, Flutterwave is positioning itself as a strategic partner for companies looking to break into Africa. The company says it will invest its latest funding in improving its technology and expanding its business development team. […]
CDC Group, a UK development finance organization, is investing $15 million in TLcom Capital’s TIDE Africa Fund. The Group will support tech companies that are solving problems like unemployment and inequality.