What are the implications of YC's reducing investment in Africa?
YC, the global accelerator that took an early bet on Africa's tech market, now seems to be retreating. But at what cost for the continent?
Source: techcabal.com
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Nigeria's Microtraction raises US$15 mln to make 60+ pre-seed investments in African startups
The first investment vehicle launched by Microtraction was focused on four countries. This one will invest all over Africa, with pre-seed startups as
Source: ecofinagency.com
Microtraction hits $15M first close on its second fund for pre-seed investment in African startups – TechCrunch
Microtraction, an early-stage venture capital firm that invests in African startups at the pre-seed stage, is announcing that it has reached the first close of its second fund, Microtraction Community Limited. The fund doesn’t have a set target at the moment, the founding partners told TechCrunch, but it achieved the first close at $15 million. […]
Source: techcrunch.com