Catalytic Africa’s Post

Our portfolio companies at HealthCap Africa have collectively raised nearly $100 million in follow-on funding! What is Follow-on Funding? Follow-on funding is a strong indicator of success for our portfolio companies, demonstrating that they have gained traction, achieved milestones, and attracted additional investment from other reputable investors. This is a testament to the hard work and dedication of our portfolio company founders and teams! Why is it important? Follow-on funding is an important signal that our fund is generating strong returns and creating value in the healthcare and fintech ecosystem in Africa. It validates our investment thesis, showcases our ability to identify and support high-potential startups, and demonstrates our active involvement in helping our portfolio companies scale. We are proud of our portfolio companies' achievements and look forward to continuing to support their growth and success! #portfoliocompanies #followonfunding #venturecapital

Our portfolio companies at HealthCap Africa have collectively raised nearly $100 million in follow-on funding! What is Follow-on Funding? Follow-on funding is a strong indicator of success for our portfolio companies, demonstrating that they have gained traction, achieved milestones, and attracted additional investment from other reputable investors. This is a testament to the hard work and dedication of our portfolio company founders and teams! Why is it important? Follow-on funding is an important signal that our fund is generating strong returns and creating value in the healthcare and fintech ecosystem in Africa. It validates our investment thesis, showcases our ability to identify and support high-potential startups, and demonstrates our active involvement in helping our portfolio companies scale. We are proud of our portfolio companies' achievements and look forward to continuing to support their growth and success! . #portfoliocompanies #followonfunding #venturecapital

Our portfolio companies at HealthCap Africa have collectively raised nearly $100 million in follow-on funding! What is Follow-on Funding? Follow-on funding is a strong indicator of success for our portfolio companies, demonstrating that they have gained traction, achieved milestones, and attracted additional investment from other reputable investors. This is a testament to the hard work and dedication of our portfolio company founders and teams! Why is it important? Follow-on funding is an important signal that our fund is generating strong returns and creating value in the healthcare and fintech ecosystem in Africa. It validates our investment thesis, showcases our ability to identify and support high-potential startups, and demonstrates our active involvement in helping our portfolio companies scale. We are proud of our portfolio companies' achievements and look forward to continuing to support their growth and success! . #portfoliocompanies #followonfunding #venturecapital

Our portfolio companies at HealthCap Africa have collectively raised nearly $100 million in follow-on funding from over 100 investors globally! What is Follow-on Funding? Follow-on funding is a strong indicator of success for our portfolio companies, demonstrating that they have gained traction, achieved milestones, and attracted additional investment from other reputable investors. This is a testament to the hard work and dedication of our portfolio company founders and teams! Why is it important? Follow-on funding is an important signal that our fund is generating strong returns and creating value in the healthcare and fintech ecosystem in Africa. It validates our investment thesis, showcases our ability to identify and support high-potential startups, and demonstrates our active involvement in helping our portfolio companies scale. We are proud of our portfolio companies' achievements and look forward to continuing to support their growth and success! #portfoliocompanies #followonfunding #venturecapital

In 2023, global venture capital faced challenges, and Africa's tech sector wasn't spared. According to Disrupt Africa, funding for African Tech Startups plummeted by 48% compared to the previous year. Yet, amidst the turbulence, there's hope for a brighter tomorrow. For founders, navigating Series A and B rounds has become tougher. But it's not all doom and gloom. Now is the time to embrace resilience and innovation. Let's pivot our strategies, focus on sustainable growth, and optimize resources to weather the storm. Together, we can build a more robust ecosystem. Let's collaborate, innovate, and forge ahead towards a better future for African venture capital. #Resilience #Innovation #FutureForward

VC funding in Africa was between $2.9 billion and $4.1 billion in 2023 — an impressive amount, even if it decreased from the $4.6 billion to $6.5 billion startups raised in 2022 (CC: TechCrunch). Still, this signals that VCs are interested in solutions that respond to African problems and are willing to help fund them into profitable businesses. At Ingressive Capital, we fund pre-seed to seed-stage tech startups with solutions transforming African lives.

Innovate Africa Launches $2.5M Angel Investment Fund to Empower Early-Stage Startups Innovate Africa an angel investment fund co-founded by Kristin Wilson and Christian Idiodi, has launched with an initial US$2.5 million to support early-stage founders in Africa. The sector-agnostic fund aims to back up to 20 startups in its first year, tackling challenges such as insecurity, unemployment, and poverty through technology-driven solutions. Innovate Africa offers average investments of US$50,000, along with critical advisory resources in finance, governance, public relations, and strategy. The fund helps founders accelerate from MVP to product-market fit, providing infrastructure and access to a comprehensive ecosystem of resources. Through its Product Leadership Accelerator, the fund aids startups in refining their offerings and achieving market alignment. Additionally, Innovate Africa connects startups with skilled professionals via an extensive partner network, supporting talent resourcing across various domains. The fund’s portfolio strategy includes first-cheque funding, a refined operating model, valuable partnerships, and comprehensive operations and governance advisory. #digitalnetworkafrica #technews

As the youngest to start a tech fund in Nigeria, Maya Horgan Famodu is the Founder and Managing Director of Ingressive Capital , a venture capital powerhouse driving Africa's most promising tech startups to new heights. With a $10M VC Fund I and a $50M Fund II, her firm has launched some of Africa’s fastest-growing businesses, including Paystack, acquired by Stripe for over $200M, and 54gene, which raised a Series A led by an IFC fund. Notably, 33% of her investments are in female-founded companies, showcasing her commitment to empowering women in tech. Beyond investment, Maya co-founded Ingressive for Good, cultivating technical talent and resources for Africa's startup ecosystems. Ingressive Advisory, her firm, has guided over 50 international companies in navigating the African market, completing more than 50 deals. Recognized twice on Forbes 30 Under 30 and honored by the UN's Most Influential People of African Descent initiative, Maya’s accolades underscore her influence and dedication. Featured in GQ, Forbes, and Quartz, she’s a key figure in Africa’s tech ecosystem. “Maya Horgan Famodu is a trailblazer who’s not just investing in tech—she’s investing in the future of Africa,” said a prominent industry leader. We celebrate Maya, a true force in venture capital and a beacon of hope for aspiring tech entrepreneurs across Africa. Her journey is a testament to the power of vision, determination, and the impact one individual can have on an entire continent. #clearcommunication #wetellyourstory #glasshouseprat12 #wcw #impactingafricanlives #AfricanTech #Innovation

Despite global economic challenges, a noticeable growing interest of international venture capital firms in the Middle East and North Africa (#MENA) region has been registered in 2024. This trend reflects the region’s rising appeal as a #startup hub, fueled by expanding #digital transformation and #government support. Key sectors attracting #investment include #fintech, #healthtech, and #logistics. This shift highlights MENA’s potential to become a significant player in the global startup ecosystem. Read more here: https://lnkd.in/e4y8fiSB

When I set out to invest in Africa, I knew it would be a challenge, but I wasn't prepared for just how tough it would be. I remember my first pitch, it was far from great, but it was a wake-up call. It made me realize how much more I had to learn and do to make a real impact and get my first "yes." Today, Ingressive Capital boasts a portfolio companies that are driving innovation and growth across the continent. We've backed startups that are redefining industries, creating jobs, and solving critical problems. Apply for funding to join that list- https://lnkd.in/dmBnkH5e We invest in fintech, marketplace and wellbeing. The point is, smooth seas may be pleasant, but it's the storms that shape us into skilled sailors. Embrace the challenges, learn from the setbacks, and keep pushing!