Kenfield Griffith

London, UK based TLcom Capital LLP recently closed its second fund to back early-stage start-ups across Africa. 💸 $154M for TIDE Africa Fund II, with participation from over 20 limited partners including European Investment Bank (EIB), Visa Foundation, Bertelsmann, and AfricaGrow, a joint venture between Allianz and DEG Impact. 💡 Actively seeking 20 to 25 early-stage investment opportunities, with a particular focus on the #seedstage and #SeriesA, with consideration for exploring deals at growth and later stages too. Investment interests lie in traditional sectors, including #fintech, #mobility, #agriculture, #healthcare, #education, and #commerce. Initial investments typically range from $1 million to $3 million. 🌍 #Africa 📈 TLcom's current portfolio companies include SeamlessHR, Autochek Africa, Vendease Africa, Ilara Health, PULA, Terragon Group, among others. The VC operates from offices in London, Lagos and Nairobi. 💭 “We need global capital to look at Africa and think of a place where good investments can be made and technology can generate much value. That’s still to be achieved at scale, so that’s our primary target.” - Maurizio Caio, managing partner 🗞️ Tage Kene-Okafor, TechCrunch https://lnkd.in/eNZGqJhc 👏 For the #AudaciousInvestors unleashing innovation and empowering tomorrow🚀 Maurizio I Omobola I Ido I Andreata I Eloho I Philippe I Wairimu I Olumide I Shamona I Francesca I Team TLcom … #venturecapital #vc #funds #startups #entrepreneurs #funding #tech #uk #entrepreneurship #technology #innovation #Nairobi #Lagos #London

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Proptech’s growth over the last seven years has slowed, as funding in the sector has sharply declined. In Africa, for the last two years, proptech has failed to attract up to one percent of VC funding. Generally, proptech has failed to evolve. Many Nigerian proptechs established more than seven years ago have been unable to transform real estate using technology. At best, what these startups offered were monthly rent payments and listing properties for sale or rent online. What then is the future of proptech? Read this edition of the Next Wave newsletter to find out 👇 https://lnkd.in/e_6pD-wv

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"Africa is the future of venture capital." Dive deep into insights on the African VC landscape with Janade Du Plessis, Managing Partner at LAUNCH Africa. He breaks down 2024 trends and offers must-know tips for founders attending #AfricaTechFest. Don't miss out on this valuable conversation for any startup or investor interested in Africa's booming tech scene! #AfricaIgnite #startups #techstartups #africastartups

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Insights on African Startup Founders' Wellbeing This report by Flourish Ventures, in collaboration with Endeavor, Launch Africa Ventures, Madica, Econa, and Startup Snapshot, reveals the realities of startup life in Africa. Surveying nearly 200 founders from 13 African countries, including Tayo Oviosu - Founder & Group CEO of Paga Group Ltd and Endeavor Nigeria entrepreneur. The report highlights key stress factors affecting founders, particularly in Nigeria’s dynamic startup environment, explores unique pressures faced by Nigerian women entrepreneurs, and provides practical strategies for coping with the intense journey of entrepreneurship. The report includes actionable advice from Nigerian founders of companies like Paga Group Ltd, FairMoney, and Future Africa. "Supporting founder wellbeing is crucial not just for their personal lives, but also for their businesses' long-term success,” shares Ameya Upadhyay, Venture Partner at Flourish Ventures. Download the report to discover more insights that can help founders thrive - bit.ly/FVSOFFW24 . . . . . #Endeavor #EndeavorNigeria #NigerianFounders #StartupWellbeing #ResilienceInBusiness #FlourishVentures #FoundersWellbeing

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Breaking News!!! ASEB Welcomes Simon T. to Advisory Board We are thrilled to announce that Simon Turner has joined the Advisory Board of the Africa Startup Ecosystem Builders Summit and Awards (ASEB). Simon brings over 20 years of experience in entrepreneurship, innovation, and strategy to the ASEB Advisory Board. As a Founding Partner of The Groundbreaking Org, he is dedicated to fostering entrepreneurial breakthroughs in frontier markets. Simon also leads the Ghana chapter of the Founder Institute, the world's largest pre-seed accelerator. His extensive background includes: *A decade of service in the Royal Australian Air Force *Experience as a proptech founder *Director at MEST (Meltwater Entrepreneurial School of Technology) *Founding Executive Director of the UK's Challenges Group & Challenges Worldwide in Ghana *Regular judge and mentor on TV shows "The McDan Entrepreneurship Challenge" and "The Circular Economy Competition" *Ambassador for the City of Berlin With nearly a decade of living in Ghana and working across Africa, Simon has been instrumental in supporting promising startups across various sectors. His expertise lies in helping entrepreneurs build credibility, generate revenue, gain traction, and access global networks and opportunities. Simon's current projects include collaborations with the Africa Startup Academy, Ghana Institute of Management and Public Administration (GIMPA), and initiatives in Frontier Entrepreneurship. We are confident that Simon's wealth of experience and passion for nurturing entrepreneurial ecosystems will greatly contribute to the mission and vision of ASEB. His insights will be invaluable as we continue to support and celebrate startup ecosystem builders across Africa. Important ASEB Updates: *Award Nominations Extended: The deadline for ASEB Awards nominations has been extended to July 21, 2024. *Complete Your Applications: For those who have been nominated, please ensure you complete your application form before the new deadline. *Nominate Deserving Ecosystem Builders: If you know of ecosystem builders across Africa doing amazing work, we encourage you to nominate them. *Self-nominations are also welcome and encouraged. *Nomination Link: To submit nominations, please visit: https://lnkd.in/dvcmTUMS *Collaboration Opportunities: ASEB is open for collaborations and partnerships for this year's event and beyond. Event Details: The ASEB Summit and Awards will take place in Accra, Ghana from October 2-4, 2024. We look forward to recognizing and celebrating the outstanding contributions of startup ecosystem builders across Africa. Join us in this exciting opportunity to showcase and support African entrepreneurship! Wish to get involve? collaborations or partnerships, or the event, please visit our website or contact our team directly. Join us in welcoming Simon Turner to the ASEB Advisory Board and take part in this year's ASEB Summit and Awards! McKevin Ayaba #ASEB2024

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Hear our partners talk about the importance of STEAM in tackling global problems like climate Change Big shout out to the co-founders of Ecoclime Africa, Eric Senanu Adadevoh and @Vanessa Nimako for this incredible video on why STEAM advocacy matters in tackling Climate Change Ecoclime Africa UNLOKINNO, Academic Labs+Climatech startups to unlock Global South innovation Beatrice Afia Wilson Priscilla Wilson Amanda Elikplim Ayegbe Gideon Kofi Portuphy Evans K. Edoe Dormenyoh Mildred Koranteng Nurudeen Oladimeji Collins Omondi Joseph Xeflide Petrina Addo-Adotey Alberta Nunya Wekpa

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Breega, a venture capital firm renowned for its early-stage funds in Europe, has turned its focus to Africa with the launch of a $75 million fund dedicated to supporting African startups. Having secured $52 million in commitments so far, the firm expects the final close by the end of 2024. This marks a significant expansion for Breega, which has established offices in Lagos, Nigeria, and Cape Town, South Africa, to strengthen its presence on the continent. https://bit.ly/3Z4Wx72

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Insights from Iyinoluwa Aboyeji highlight critical points about the startup ecosystem in Africa: *Pre-seed and seed investors such as Future Africa are uniquely positioned to capitalize on the funding boom at later stages (Series A-D). *The need for a world-class accelerator program in Africa, such as Accelerate Africa. *The importance of investors/founders who understand context, especially in times of crises, such as the recent funding contraction #FutureAfrica #AccelarateAfrica #VentureCapital

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Meet Baobab OS - our proprietary operating system revolutionizing how we invest in Africa's brightest startups. 🌍✨ Inspired by innovative tools like Cerebro, powering Alexis Ohanian Sr.'s Seven Seven Six 7️⃣7️⃣6️⃣, we’ve built Baobab OS to propel our mission of investing in 1,000 startups over the next decade. Here’s how it’s transforming our process: ⏱️ Investment recommendations within 3 minutes of application. 📊 Instant access to market research, due diligence, and investment memos. 🤝 Tailored support for each founder, from investor matching to global introductions. These advancements allow us to focus on what matters most: creating value for our portfolio. At Baobab Network, we’ve evolved into a tech-driven VC - and this is just the beginning. If you’re building the next game-changing startup in Africa, apply now and join us in shaping the future of Africa through tech. https://lnkd.in/dhBG9Pgp

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Answering FAQs about Moonshot - What is Moonshot By TechCabal? Moonshot is TechCabal’s flagship conference that convenes the most audacious players; founders, business leaders, startups, enterprise companies & more building Africa’s dynamic tech scene to network, collaborate, share ideas/insights, and celebrate innovation on the continent. - When is Moonshot happening? Moonshot by TechCabal is happening in Lagos, Nigeria on October 9th and 10th. We also have other exciting off-conference activities and side mixers that’ll happen during the week of the conference - What’s new about this edition? This time around, we’re dialing up the excitement to eleven! More content tracks, more speakers, a brand-new stage, and a bigger party! We will also be exploring 9 content tracks and other side events and off-conference activities to ensure the fun never stops. - Who can attend Moonshot 2024? Anyone can attend the conference, especially if you’re curious about the future of tech in Africa! This year, we’re particularly open to startups and innovators in commerce Web3 and metaverse, AI &ML, Content and gaming, Talent, Inclusion & Diversity, Venture Capital, Startup Clinic, Telco & Enterprise. - How can I prepare for the conference? The very first thing to do is to save your seat by getting your ticket. Once your seat is secured, keep an eye out on our social pages and website as we’ll be putting out content and information as the event approaches to help you prepare adequately. Save your seat with this link: https://lnkd.in/dqEndNq4 

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Answering FAQs about Moonshot by TechCabal - What is Moonshot By TechCabal? Moonshot is TechCabal’s flagship conference that convenes the most audacious players; founders, business leaders, startups, enterprise companies & more building Africa’s dynamic tech scene to network, collaborate, share ideas/insights, and celebrate innovation on the continent. - When is Moonshot happening? Moonshot by TechCabal is happening in Lagos, Nigeria on October 9th and 10th. We also have other exciting off-conference activities and side mixers that’ll happen during the week of the conference - What’s new about this edition? This time around, we’re dialing up the excitement to eleven! More content tracks, more speakers, a brand-new stage, and a bigger party! We will also be exploring 9 content tracks and other side events and off-conference activities to ensure the fun never stops. - Who can attend Moonshot 2024? Anyone can attend the conference, especially if you’re curious about the future of tech in Africa! This year, we’re particularly open to startups and innovators in commerce Web3 and metaverse, AI &ML, Content and gaming, Talent, Inclusion & Diversity, Venture Capital, Startup Clinic, Telco & Enterprise. - How can I prepare for the conference? The very first thing to do is to save your seat by getting your ticket. Once your seat is secured, keep an eye out on our social pages and website as we’ll be putting out content and information as the event approaches to help you prepare adequately. Save your seat with this link: https://lnkd.in/dqEndNq4

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Promising Startups from Nigeria and Kenya Highlighted as Potential Major Exits Within 5-10 Years Cleva is a fintech company supported by Y-Combinator. tappi is a SaaS startup focused on digitizing small businesses. Two African startups, Cleva and tappi, have been recognized among 50 global startups anticipated to achieve successful exits within the next five to ten years. This recognition comes from CB Insights, a global tech startup analytics firm, […] The post Promising Startups from Nigeria and Kenya Highlighted as Potential Major Exits Within 5-10 Years appeared first on Tech In Africa .

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Accelerate Africa is on a mission to support founders at the pre-seed / seed stage in Africa, accelerate the development of local solutions to global problems🌍helping founders get to $1m in revenue within 18 months of completion. Join us for Invest in the Future: Investor Summit & Demo Day taking place virtually and in person on November 22nd, 2024 in Nairobi, Kenya. In partnership with Future Africa, Itana, Prosper Africa, we look forward to hosting you in a few weeks! For some quick stats across AA1 & AA2: 💰Our AA1 cohort has cumulatively raised $5m since the cohort closed end of May 2024 🌍 Across AA1 & AA2, we received approx. 1400 applications from 51 countries including 37 distinct African countries 💵 About half have not raised funding - 11% have raised more than $100k 👩🏾‍💼44% of applying startups have female founders 😎 Top industries include Fintech / Blockchain, Education/Jobs/Talent, Healthcare/Wellness, and Agriculture Interested in joining us? Register now for virtual or in person attendance: https://lu.ma/65uv7x21 Want to apply? Rolling applications are open, next cohort starts Feb 2025 Chris Folayan, Ifeoluwa (Awodein) Adepoju, Ismail Olasunkanmi, Iwinnosasevhonken Igiehon, Iyinoluwa Aboyeji, Mia von Koschitzky-Kimani, Moses Sule, Jonathan Ruwanika CA(SA), Mathew Saunders, Sayo Adegoroye, V. Chinyere Inya

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Kenyan startup Keep IT Cool | Earthshot Prize Winner 24 has secured funding from Acumen to support its pan-African expansion. The company uses innovative cooling solutions and a B2B app, Markiti, to connect farmers and fisherfolk with shops and restaurants, improving market access and reducing waste. The funding will enable the construction of a solar-powered cold chain facility and the expansion into new markets and products, such as fruits and vegetables. Learn more: https://lnkd.in/dkMBVqU8 Francis N. Mwende Muthusi Abigail Gachigi Stephen Opati Marion Njiru Fiona Hoffman-Harland Chris Maranga Simon Wachieni Oscar Koome Brian Ondeng Babatunde Usman Fridah Ngondi Rebecca Mincy Wanji Ng'ang'a Krystal Ndinda Isabel Chard Sarah Bieber #empowerafrica #investinafrica #africa #InnovationForImpact  #FoodPreservation #AfricanStartups #CircularEconomy #AgriTech #ColdChainSolutions

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🌍🚀 **Alitheia IDF Alitheia Capital at Moonshot by TechCabal Last week, Oti Ilentamhen, CPA, represented *Alitheia Capital at the *Moonshot by TechCabal event. @Alitheia Capital, we focus on investments at the intersection of climate resilience, digital transformation, and gender, knowing that these areas thrive with patient capital. We're committed to exploring innovative and blended finance models that go beyond traditional risk-return paradigms, placing impact and development at the core of our investment decisions. Our goal is simple: leverage capital to improve the everyday lives of Africans by providing access to essential services. As we see with initiatives like Bill Gates’ Breakthrough Energy Energy, patient capital is crucial, particularly in driving long-term solutions in #climate resilience. We remain dedicated to making a #positiveimpactforAfrica and unlocking development, inclusion, and access through our investments across Africa. 🌟 Key takeaways from last week’s panel with Emeka Ajene include as with the conversations at #AFSIC2024 and #AVCA2024 emerging funding models that include development finance, philanthropy, grants and private capital - which still have an eye on liquidity, access to public capital markets and exits. Some more of this thinking outlined below and remind us of the exciting journey ahead and our ongoing commitment to shaping a better future for all. #AlitheiaCapital #PatientCapital #Moonshot #ImpactInvesting #ClimateResilience #GenderLensInvesting #TechCabal #Innovation #BlendedFinance #SustainableDevelopment #AfricaInvestments #DigitalTransformation #ClimateResilience #EverydayAlitheia Emeka Ajene Tomiwa Aladekomo June Angelides, MBE Terser Adamu Bolaji Sofoluwe ETK Group ETK Nigeria Uzoma Oguh Brent Barnette

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Founded in 2013, Copia Global was a beacon of innovation, bringing essential household products to rural and peri-urban areas of Kenya. Despite its commendable mission, the startup is now closing its doors, liquidating assets, and paying creditors. The dream of sustained operations under new investments has regrettably faltered. As Copia Global winds down, the company has done something rare that we don't see often these days. They acknowledged the hard work and dedication of the employees and gave a token of appreciation. A creditors' meeting is set for July 14th to process claims and ensure all obligations are met. Copia's story is a reminder of the challenges facing B2B e-commerce in Africa. Prompting a broader conversation on the sustainability of startups and the support needed for them to thrive. It was too late to save the company from its fall. But we can still save others if we share ideas on ways to support #startups in challenging environments and what they too should do to keep up. #CopiaGlobal #Ecommerce #Inflation #StartupChallenges #Kenya

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