EATO’s Post

Africa's startup ecosystem is experiencing an uptick as the continent's startups are raising more money. There has been a decline in Africa's startup fundraising activities since Q2 of 2023 but Q1 of 2024 has seen a significant uptick with companies raising $360 million in the First three months of this year according to Pitchbook data. Though this is lower than historical standards, it is better than the last two quarters, and it's exciting to see. #Africarising #m&a #fundraising

Between July and September 2023, African startups raised funds across 97 deals valued at US$499 million. This represents a 41.7% decrease compared to US$ 916 million raised in Q2 2023 and a lesser figure compared to $675 million raised in the corresponding quarter of 2022. #Africa #CareerGoals #EdTech #TechCareers #SkillsInTech #ApplyNow #YouthEmpowerment #TechTalent #DigitalSkills #CareerReadiness #DiverseTechTalent #DigitalEconomyReadiness #SustainableTalentPipeline

Wefunder is an online platform that provides an easy way for non-accredited investors to invest in early-stage startups they’re passionate abou 📈Here benefits of investing in Wefunder: * Low investment minimums: Wefunder allows investors to invest in startups for as little as $100. * Access to early-stage startups: Wefunder provides an approachable way to learn about private equity and offers access to early-stage startups. **Investor education materials: Wefunder provides excellent investor education materials to help investors make informed decisions ***Excellent supporting information on investments: Wefunder provides excellent supporting information on investments, includes Lead Investors and Investor Panels ****Easy to use: It takes less than 15 minutes to sign up on Wefunder 3. ****Please note that investing in early-stage startups is inherently risky and it’s important to do your own research before investing

One of the most important aspects of #fundraising for your #startup is developing an outreach plan. 📩 Put together a sequence of emails to reach out to your community. Almost ALL startups err on the side of not sending enough emails to stay top of mind. 👉 It can take 7-10 touches or more before someone decides to make an investment.

🎉We closed our oversubscribed 5502 Fund above the €20m target mark🥳    1.5 years ago we started out with the idea to build a fund that would fill a gap we had observed since we started investing as BackBone Ventures in 2018. While many great funds focus on startups once they have proven product-market fit, founders who are just starting their entrepreneurial journey are often forced to gather smaller angel tickets or join accelerators. Moreover, we felt that many of the best founders we had seen in the past were either 1st or 2nd generation migrants or women who had prevailed in male-dominated environments. But while in the past many great funds and angel syndicates had started to focus on women in tech — pre-seed investments in migrant founders mostly had a charitable character.   So we decided to raise the 5502 Fund: A pre-seed fund that would lead and fill around 50% of the pre-seed round of underrepresented founders and help them, raise the remaining portion of the round. Full focus on founders in Germany & Switzerland with a sector-agnostic approach.   Despite the difficult fundraising environment in 2023 we managed to even surpass our €20m goal and are now fully focused on deploying!   Today we want to take the opportunity and say thank you: ✍🏼 To all the LPs who trusted us and joined our journey and 👫 To the founders of our first eight investments Dais Group GmbH, Kickbite, Fabrikatör, Aepsy, Faircado, liftOS, Proofcheck and adon health. To celebrate our final closing we treated ourselves with a website makeover — we hope you like it: https://www.backbone.vc

To all those startups who are thinking of fundraising, may I be the first to wish them a very Merry Christmas! This time of the year, like pretty much every year, I'm starting to receive a growing avalanche of mails and calls from startups who want to talk about raising a round with us. In numbers: our pipeline has now 35 First Contacts and 28 in Analysis, and by the end of today I will have had 9 first chats with companies seeking funds. My experience tells me that if you start fundraising now you will most likely fail to actually raise a round in the next 3-4 months - sometimes due to lack of clarity in their strategy, but mostly because that's the minimum it takes to raise money. And that takes us to July/August, which is an awful time of the year for fundraising... meaning you will not raise money until after the summer. Naturally, "after the summer" doesn't mean September 1st: it's october at the very least, maybe november - if you're lucky and efficient! But more likely than not, you will end up raising your money by year's end. So hurry up, my dear CEOs! If you want to use this Q3 and Q4 to generate value instead of devoting them to the very stressful activity of late-hour fundraising, you really, really, need to move now.

Participating in Fundraising School from BADideas.fund and Latvijas Investīciju un attīstības aģentūra - LIAA has become an incredible opportunity for YARD Delivery Inc. Delivery to improve our fundraising skills. This is a crucial step because successful fundraising isn’t just about raising money—it's a strategic approach to building relationships with investors and growing the startup. The program provides us with access to expert knowledge, support from a community of founders who have been through this journey, and the chance to pitch our idea to top investors. The experience of previous participants shows how impactful this program can be. The first batch raised over €3.5M, and now we’re ready to learn and refine our approach to achieve our goals! #Fundraising #StartupGrowth #YARDDelivery #FundraisingSchool #StartupJourney #Investors #FounderLife #Entrepreneurship #VCs #CEEStartups #FundraisingSkills #MVP #BusinessGrowth #PitchToInvestors #StrategicGrowth

This is great news for female funders. Female funders' news have been somewhat sparse. This group of successful female-led funders have contributed to a much needed change. #femalefunders #funding #startupfounders #businessdevelopment https://lnkd.in/e-KHQmfB

Guess what we are working on 👀 💵 If you are or know of a Agritech and/or Cleantech startup then make sure to stay tuned for our application announcement!

One of the most important aspects of #fundraising for your #startup is developing an outreach plan. 📩 Put together a sequence of emails to reach out to your community. A lmost ALL startups err on the side of not sending enough emails to stay top of mind. 👉 It can take 6 or 7 touches or more before someone decides to make an investment. Netcapital CEO Robert Burnett explains in less than a minute: