The Flip’s Post

INSIGHTFUL: SCALING  The true measure of entrepreneurial ecosystem success is not merely the number of ventures but their ability to scale sustainably. This report highlights key growth levers and strategic gaps, urging ecosystem enablers to tailor interventions that bridge performance disparities across regions and sectors.

NEW REPORT RELEASE: SCALE DIAGNOSTICS Excited to share the sixth insight report from the ongoing series, produced under the FCDO-funded Research and Innovation Systems for Africa (The RISA Fund), in collaboration with GrowthAfrica and Systemic Innovation. This report, developed alongside ScaleUpNation, delves into the performance dynamics of scale-up ventures in Kenya, Ethiopia, and Rwanda. The report dubbed, Scale Diagnostics – High Growth Firm Performance Dynamics in Kenya, Ethiopia, and Rwanda explores:  ✔️ Organisational factors driving growth in high-impact firms backed by real data ✔️ Success and challenges faced by firms navigating the transition from startup to scale-up ✔️ The differences between scaling and stalling, with actionable insights for ecosystem enablers In some organisational areas, African firms lead their European counterparts. In other crucial areas, they appear way behind, which means far more specific technical support is in demand. By focusing on these critical scaling factors - leadership, strategy, operations, and customer engagement – the report offers valuable insights for investors, donors, policymakers, and entrepreneurship support organisations (ESOs) aiming to drive sustainable growth. 🔗 Download the full report here - https://lnkd.in/egbEDhSV Previous reports: 🔷Gender Equality and Social Inclusion (GESI): https://lnkd.in/d5rw7dCv 🔷Ecosystem voices: https://lnkd.in/d_hC_7dd 🔷Assessing High Growth Firms in Kenya, Ethiopia, and Rwanda: https://lnkd.in/dAk828HE 🔷Understanding the Gaps to Lay Stronger Foundations: https://lnkd.in/d576STbh 🔷New Innovation Pathways: https://lnkd.in/dwy_czZ7 #ScaleUp #Entrepreneurship #Kenya #Ethiopia #Rwanda #ImpactVentures #Scaling #GrowthAfrica #Systemicinnovation Dr. Reshma Sheoraj, Emeka Ajene, Gabriella Mulligan, Nnamdi Oranye, Omar Bakari, Alice Waweru, William Pollen, Engidashet Melaku CIPM®, Certified Coach, Anne Lawi, Aline Kabanda, Zawadi Kitsao, Stephen Gugu, Mike Mompi, Magdalena Banasiak, Joanna Nicholas, David van Dijk, Mary Mwangi, Saskia van der Mast, Alex Kucharski, Christine Namara, Peter Ngunyi, Newton Nthiga, Caleb Maru, Laura Davis, Mariah Grubb, Belinda Kageni, Esther Mwikali, Wilbard Kangwiya, HENRY RITHAA, Noreen Nthiga. MSc-OD, Christine I., Laura Cameron (Bierer)

“While Africa may not share Silicon Valley’s reputation for start-ups, many countries do have a small, but driven set of digital entrepreneurs and innovators creating their own crop of ventures.”   Our Global Director, Remi ADESEUN spoke to The Telegraph to discuss the incredible innovation happening across Africa - and why more needs to be done to break down the barriers they face to scale and solve healthcare challenges.    Read the article below to hear the stories of some of our incredible innovators, Figorr and Chefaa and the exciting wave of innovation which is primed to be unleashed on African healthcare.   https://lnkd.in/gcAp9VCa

Introducing the East Africa Digital Startups Innovation Platform (EADSIP) We are on the verge of bringing a new digital solution i.e. East Africa Digital Startups Innovation Platform (EADSIP), with our headquarters in Dar es Salaam, Tanzania. EADSIP empowers and accelerates startups, innovators, and technology enthusiasts across East Africa. Our mission is to foster #digitaltransformation and offer sustainable solutions through these key pillars: Environmental Digital Stewardship: Utilizing technology to promote eco-friendly innovations and support sustainable environmental practices across the region. Enhanced Digital Literacy: Equipping individuals with the skills and tools needed to thrive in the evolving digital economy. Targeted Challenge Resolution: Providing innovative solutions to the unique challenges faced by startups and local communities through technology and collaboration. Comprehensive Digital Mapping: Developing detailed, data-driven digital maps to drive more informed decisions in sectors such as agriculture, health, and infrastructure. Empowerment through Digital Commerce: Supporting the growth of startups by enabling access to digital commerce platforms, expanding their market reach, and driving economic empowerment. Join us as we ignite a new era of digital innovation in East Africa! We’re calling on #startups, #entrepreneurs, #developers, and all those passionate about technology to be part of this exciting movement. Together, we can drive #sustainablegrowth, solve real-world problems, and unlock the potential of the #EastAfricanstartupecosystem. Be part of the digital revolution! 👉 Visit our website: www.eadsip.com   👉 Follow us on social media: @eadsip_  #EADSIP #DigitalInnovation #Startups #EastAfrica #TechForGood #DigitalTransformation #DigitalCommerce #TechStartups #Empowerment #Sustainability #DigitalEconomy #EnvironmentalStewardship #InnovationEcosystem #TechEnthusiasts #JoinTheMovement #EnhancedDigitalLiteracy Let’s shape the future of digital solutions together!

"How much did African startups raise last week?" Over $61 million—but that’s a 0.90% dip from the previous week. Here’s the funding tracker for Week 43 (Oct 21-27): 6. Earthbond Earthbond connects small businesses to solar solution providers, facilitating financing for cleaner energy adoption. ・Amount raised: $200K ・Lead investor: Madica ・Location: Nigeria ・Type of investment: Equity funding 5. IZI IZI is an e-mobility provider deploying electric buses to advance sustainable transport in Kigali. ・Amount raised: $222K ・Lead investor: Rwanda Green Fund ・Location: Rwanda ・Type of investment: Grant 4. Colis.ma Colis.ma is a logistics startup focused on connecting Africa and Europe through cross-border delivery solutions. ・Amount raised: $300K ・Lead investor: Witamax ・Location: Morocco ・Type of investment: Equity funding 3. Pargo Pargo is a logistics startup focused on eCommerce delivery solutions across Africa. ・Amount raised: $4M ・Lead investor: 3Capital Ventures ・Location: South Africa ・Type of investment: Equity funding 2. BURN BURN is a clean cooking appliance manufacturer targeting low-income households with eco-friendly cooking solutions across Africa. ・Amount raised: $15M ・Lead investor: European Investment Bank (EIB) ・Location: Kenya ・Type of investment: Debt funding 1. BasiGo BasiGo is an electric bus solutions provider aiming to enhance public transportation in sub-Saharan Africa. ・Amount raised: $41.5M ・Lead investor: Africa50 ・Location: Kenya ・Type of investment: Hybrid funding Additionally, South African AI and computer vision solutions provider VisionAI secured an undisclosed investment from Kalon Venture Partners. Want more insights and stories from entrepreneurs around the continent to help make building easier? Subscribe to our newsletter: https://lnkd.in/dFw3dXe

#NowReading AgFunder's latest Africa Agrifoodtech Investment Report – a comprehensive look at how Africa’s agrifood startups are driving change. Top highlights include : 🚀 African agrifoodtech startups raised an impressive $275 million in 2023. 🌱 Over the past decade, $2.4 billion has been invested into the sector, fueling innovation across the continent. 🔍 Only 2% of startups with gender data in 2024 had an all-female founding team, highlighting the need for more gender diversity. 🌍 Climate-tech startups led the charge, securing 21.5% of upstream funding in 2023, with $31 million raised across 27 deals. 🔗 Get the full insights here: https://lnkd.in/d6WMP9Wz

Our latest report, Scale Diagnostics: High Growth Firm Performance Dynamics in Kenya, Ethiopia, and Rwanda, is now public. Developed in partnership with ScaleUpNation it uncovers key insights into what drives growth for scale-up ventures in these countries. 🔍 Focused on key organisational factors fuelling growth for impact firms, based on real-world data. 🚀 We explore what sets scaling companies apart from those that stall, offering insights for ecosystem enablers. In some areas, African firms are surpassing their European counterparts, but there are demand gaps too - highlighting the need for more targeted technical support. By zeroing in on leadership, strategy, operations, and customer engagement, this report offers valuable guidance for firms, investors, donors, and ESOs. 👉 Download the full report here: https://lnkd.in/egbEDhSV This is the sixth report in a series produced under The RISA Fund, in collaboration with GrowthAfrica supported by FCDO #Scaling #ImpactVentures #EastAfrica Ian Lorenzen Obama Joseph Michelle Murugi N. Abraham Augustine Abderrahmane Chaoui Nick Graham Emmeline Skinner Joram Mwinamo Grace Wachori Erik Stam Agnes Tsuma Nanae Nomura Mbadi Olila, PhD. Jason Eaves Jean Rene Hakizimana Trudy Natabona - MPRSK Phumlani Nkontwana Menno Van Dijk Nina Kotterik Victor Otieno Agolla Elie Habimana Alex Ntale Michael Tomas Gebremariam Dr. Emmy Chirchir (PhD) MBS Nebiyou Yirga Wolde Mercy Kimalat Maryanne Ochola Leah D. Barto Nasreen M. Adem Enos Masinde Weswa Billy Msagha UK-Kenya Tech Hub Scott Walker Philip Gasaatura Elisha Bwatuti Selamyhun Adefris Haile Henok Laike

Must-read for anyone invested in scaling African ventures! This report from our partners sheds light on what truly drives high-growth firms in Kenya, Ethiopia, and Rwanda. Examining key factors like leadership and strategy, highlights areas where African firms excel - and where more support is needed. Essential insights for investors, donors, and ESOs alike. #entrepreneurship #growth #ecosystem

Over the last couple of months we have done ScaleUpScans with ventures in Kenya, Ethiopia and Rwanda in collaboration with Systemic Innovation. What can be seen in these results is that the African ventures score higher compared to the baseline when it comes to success factors such as lean operations and dynamic structure. In order areas as ambidextrous leadership, strategy and customer delight there is room for improvement - and we are excited to explore how we can support these scaling ventures on their journey.

Are you an investor seeking investment opportunities in PreSeed and Seed stages? If yes, we invite you to join us for the ENRICH in Africa - EiA E-Pitching Session on May 16 at 4pm (CEST). During this session, 6 start-ups from various African countries, representing different sectors, will pitch their ideas. These start-ups are backed by top incubators and accelerators and are looking to raise between $600k to $1.5M. Don't miss out on this exciting event! 🏥💰 10mg Pharma - #Healthtech/ #Fintech – #Nigeria – A solution using AI to simplify access to low-interest credits and low-cost medications for healthcare providers in Africa – from Startupbootcamp AfriTech’s Portfolio   🏠🌍 Sytemap by HouseAfrica – #PropTech – #Nigeria - Sytemap leverages satellite imagery technology to provide a user-friendly platform for secure land acquisition - from Startupbootcamp AfriTech’s portfolio   💳💼 Mywagepay – #Fintech – #Kenya – A credit-led digital bank unlocking the potential of SMEs in Africa. – from TechBridge Invest Africa’s portfolio   📦🚚 Ridelink Inc.– #Logistics – #Uganda – B2B platform powering product logistics for businesses of all sizes in East Africa – from E4Impact Foundation’s portfolio   🌱🥦 Victoria Agribusiness Ltd – #Agritech – #Kenya – a social agritech enterprise using technology to source for fresh fruits, vegetables and grains from smallholder farmers for resale to the urban Markets – from TechBridge Invest’s portfolio   🛒💻 SodiShop – #ecommerce – #Mali – B2B and B2C marketplace – from Startupbootcamp AfriTech’s portfolio ➡️ To register, click on the link on the comment section. ⚠️ This session is for investors only. --- ENRICH in Africa - EiA is a project funded by the European Commission and launched with top incubators & accelerators in Africa and in Europe, and supported EuroQuity - Bpifrance and an consortium of international key partners. The goal is to leverage a strong network of incubators and accelerators to help their start-ups scale in both continents. Antoine Beyssac Tinhinane BOUSSAID Gilles Le Cocguen Jan Ertmann Ange Michael AHYI, Faith Blakemore Ann-Mareme Atayi Philip Kiracofe Sara Medina, Isabelle Bébéar, Ninon Duval Farré, Sandrine Doretto Covadonga Rayón Barcelona Aziz Sy Jocelyn Nyaguse Impact Hub Network Steinbeis Europa Zentrum EBN - European Business & Innovation Centre Network SPI - Sociedade Portuguesa de Inovação Boniface Okute Matthew Emanuel Kimani Milton Onyiro Boubacar Biro Balde