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So naturally, anytime we hear of a new female-led fund, our ears perk up. Today, New York-based Avid Ventures announced the launch of its $68 million debut venture capital fund. Addie Lerner — who was previously an investor with General Catalyst, General Atlantic and Goldman Sachs — founded Avid in 2020 with the goal of taking a hands-on approach to working with founders of early-stage startups in the United States, Europe and Israel. “We believe investing in a founder’s company is a privilege to be earned,” she said. Tali Vogelstein — a former investor at Bessemer Venture Partner...

With new execs and new products, Koho says it’s ready to become Canada’s leading challenger bank The launch of a new credit building product this week is the latest of many moves by Koho to scale its growth and become Canada’s foremost challenger bank. In recent months, Koho has made significant changes to its executive and senior leadership team, bringing on a new CTO, CMO, CFO, and VP of people and culture. Claiming to be Canada’s leading challenger bank – with a user base of more than 350,000 and backed by Power Corp. – Koho continues to face competition in the ...

Olumuyiwa Olowogboyega Share this article Africa-focused e-commerce giant, Jumia is enjoying a stock market rally that has seen it hit record highs, with shares trading at $59.96 at the time of this article.  In April 2019, Jumia, the African e-commerce company with a presence in 15 African countries, listed on the New York Stock Exchange (NYSE). The Initial Public Offering (IPO) made Jumia Africa’s newest unicorn.  The initial excitement over Jumia’s listing glossed over some underlying concerns. Many critics said the company spread itself too thin and there were concerns about how it ...

Edwin Madu Share this article On the 19th of January, Future Africa, together with LocalGlobe, set out to answer this question with an event titled “A 10-year view of Entrepreneurship in Africa”. To take a detailed look at the future, the event had panels with founders and investors from all parts of the ecosystem. After a welcome address by Iyinoluwa Aboyeji, Future Africa Co-founder, Remus Brett of LocalGlobe took the virtual stage to moderate the founders’ panel.  This panel included: Eden Co-Founder/CEO Nadayar Enegesi, Piggyvest Co-Founder/COO Odunayo Eweniyi, Indicina Co-Founder/...

“Were you expecting it to be this difficult?” This is how Tomiwa Aladekomo, CEO of Big Cabal Media, begins his fireside chat with Jonathan Klein at the Future Africa event titled “A 10-year view of Entrepreneurship in Africa.” Klein is the former CEO of Getty Images and the Chairman, Jumia Advisory Board. In the session moderated by Aladekomo, Klein gave us insight into lessons learned and paths taken in the making of the Jumia we all know and, sometimes love, today. In response to the question asked earlier, Klein admitted that he expected it to be this difficult. He wouldn’t have ...