![]() The Silicon Valley-based company has invested in more than 95 African startups since 2015 when it invested in its first African startup. Y Combinator is an American technology startup accelerator launched in March 2005. Some African startups in its portfolio include Flutterwave, IRokotv, Float, Cassava, Thndr, Wasoko, Union54 and Jabu. Tiger Global was founded in 2011 by Chase Coleman III. The New York-based investment firm invests in high-quality companies that benefit from high growth trends and is led by excellent management teams. Tiger Global is an investment firm focused on public and private companies in the global Internet, software, consumer, and financial technology industries. Meet the notable Global VC firms investing in Africa Tiger Global The venture capital firms are Tiger Global, Y Combinator, Flourish Ventures, Owl Ventures, Quona Capital, Polychain Capital, Bamboo Capital Partners, Century Oak Capital, Lightrock, Accenture Ventures and Target Global. Some of these venture capital firms are sector focused, while others are not. Here are 11 global venture capital firms that are investing in African startups. And it’s not slowing down soon as more foreign investors consider the continent the next hot spot for technology advancement.Īccording to Techpoint's Nigerian Startup Funding Report, foreign investments in Nigerian startups were $156,502,623, $357822,450, $85840526 and $935,400,000 in 2018, 2019, 20 respectively. ![]() To harness the tremendous opportunities of the world's fastest-growing population, there need to be an intersection of technology, talent and capital.įoreign investments have played a huge part in the funding African startups have raised since 2015. ![]() In 2021 for the disclosed deals, African startups raised more than $4 billion in funding, which was significantly higher than the amount raised in 2020 ($1.3 billion).īut it's still day one for the continent. Rather than wait, African entrepreneurs are using technology to digitise traditional industries in Africa. African startups have attracted an impressive amount of funding in the last few years.
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