The $71 Million TLcom Capital's TIDE Africa Fund
TLcom Capital's latest venture has been closed at an estimated $71 million. The fund's predecessor closed in January of last year. TLcom, Bio, CDC Group, and Sango Capital contributed five million dollars. The first fund made investments in tech companies in Kenya and Nigeria. TIDE Africa II will concentrate on East African fintech firms. The investment firm also has offices in Nigeria and Kenya. The portfolio of TLcom is comprised of Twiga Foods and Andela as in addition to uLesson and Kobo360. The investment firm earns between the amount of $500,000 to $10 million for each company.
TLcom is a Nairobi-based VC firm with more than $200 million in under management. The company's managing partner, Omobola Johnson, has helped establish more than 12 tech companies across the continent including Twiga Foods and a trucking logistics company. The team of the investment firm includes Omobola Johnson, a former Nigerian minister of communication technology.
TIDE Africa is an equity fund that invests into growth-stage tech companies in SSA. It will invest between $500,000 and $10 million in companies that are at the beginning of their development, with a focus on Series A and II rounds. The fund will be focused on Anglophone Africa but it plans to invest in Eastern and Southern African countries. In Kenya for instance, TIDE has invested in five digital companies with high growth.
Omidyar Network's $71 million TEEP Fund
The Omidyar Network, a US-based company that invests in philanthropy, hopes to invest between $100 and $200 million in India over five years. The fund was started by eBay co-founder Pierre Omidyar and has invested $113 million in 35 Indian companies since the year 2010. In India, the firm invests in entrepreneurship, consumer Internet financial inclusion, government transparency property rights, as well as firms with social impact.
The Omidyar Network's TEEP Fund invests in projects that enhance access to government information. It is a way to identify non-profits that use technology in creating public information portals and tools that are accessible to citizens. The network believes that open access to government information increases the public's understanding of government processes, and can lead to an engaged society that ensures that government officials are accountable. Imaginable Futures will invest the funds in non-profit and for-profit groups that focus on education as well as health.
Raise
You should choose a company that is focused on Africa if are looking to raise money for your African startup. One such company is TLcom Capital, a fund management firm based in London. Its African investments have attracted the attention of angel investors south africa investors, and the company has raised funds in Nigeria and Kenya. TLcom recently announced the launch of a brand new $71 million fund that aims to invest in 12 startups prior to them reaching revenue.
The attraction of Africa venture capital is increasingly being acknowledged by the capital market. Private investors are increasingly recognizing the potential of Africa to grow and are not subject to the same restrictions as institutional investors. This means that raising funds has never been more simple. Raise allows businesses to close deals in a fraction of the time, and is free of institutional restrictions. There is no single method to raise funds for African investors.
Understanding how to Get Investors investors perceive African investments is the first step. While many investors are drawn to YC hype, it's vital to think beyond this Silicon Valley giant and the Agenda 2063 of the African Union. African startups are now looking for the YC signal to make contact with US investors. A Tunisian venture capitalist Kyane Kassiri has recently spoken out about the importance of the YC signal when seeking funds for African investors.
GetEquity
It was founded in July 2021. GetEquity is an investment platform in Nigeria aimed at democratizing startup funding in Africa. It aims to make financing African startups easier for everyone by offering capital raising tools and world-class capital to all startups. The platform has already helped startups raise more than $150,000 from a variety of investors. Additionally, it offers a secondary market for investors to buy other investors' tokens.
In contrast to equity crowdfunding investing in early-stage companies is a highly exclusive venture that is usually only available to top capital institutions and angel investors as well as syndicates. It's not typically accessible to family members or friends. New startups are trying to change this exclusive arrangement by making it easier to obtain funding for startups in Africa. The platform is accessible on iOS and Android devices and investors willing to invest in africa is free to use.
The GetEquity blockchain-based wallet is now open to investors. This makes it possible how to get funding for a business invest in startups in Africa. Investors can invest as little as $10 in African startups by using crypto funds. Although this is a modest amount, it's still a significant amount of amount of money when compared with traditional equity financing. With the recent exit from Paystack by Spark Capital GetEquity has become a strong ecosystem for investors from Africa looking to invest in Africa.
Bamboo
Bamboo's first challenge is convincing young Africans to invest on the platform. Investors in Africa had limited options before the present including crowdfunding, foreign direct investments (FDI) and old finance companies. In fact, less than three-quarters of the population has invested in any platform. But now the company claims it's expanding into other parts of Africa with plans to launch in Ghana in April 2021. At the time of writing, more than 50,000 Ghanaians have signed up for the waitlist.
Africans have limited options for saving money. With the rate of inflation reaching 16% the currency is declining against the dollar. It is beneficial to invest in dollars how to get investors in south africa protect against inflation and a falling currency. One platform that allows Africans to invest in U.S. stocks is Bamboo which has seen rapid growth in the past two years. Bamboo will be launched in Ghana in April 2021. Bamboo has already attracted more than 50,000 users who are waiting to get access.
Once registered, investors can cash in their wallets using as little as $20. You can fund your wallet with credit cards, bank transfer, or payment cards. They can then trade ETFs and stocks, and receive market updates. Bamboo's platform is secured at the bank level so anyone from Africa can use it provided they have an authentic Nigerian Bank Verification number. Professional investment advisors can also use Bamboo's services.
Chaka
Nigeria is a center for legitimate investment and business. Its movie and entertainment industry is among the continent's biggest and the country's expanding fintech ecosystem has resulted in an explosion in startup formation and VC activity. One of the most prominent backers of Chaka, Iyinoluwa Aboyeji, said to TechCrunch that the country's progressive developments will eventually open doors how to get funding for a business a new class of investors. In addition to Aboyeji's investment, Chaka has also secured seed-funds from the Microtraction fund, which is led by Y Combinator CEO Michael Seibel.
The degrading relationship between the US and China has increased Beijing's interest in African investments. The trade war, as well as the rising anti-China sentiment make it more attractive for investors to consider investing outside of the US to invest in African companies. Although the continent of Africa is home to a variety of emerging economies, the majority of these are not large enough for venture-sized firms. African entrepreneurs should be prepared to adopt an expansion approach and develop a cohesive expansion story.
The Central Securities Clearing System oversees the Nigerian Stock Exchange, making it a safe and secure platform to invest in African stocks. Chaka is free to join, and you'll receive a 0.5 percent commission for each trade. Withdrawals of available cash can take up to 12 hours. Refunds for shares that were sold on the other hand can take up to three days. Both are handled locally.
Rise
The increase in investors willing to invest in Africa is good news for Africa. Its economy is stable , and its governance is solid, which attracts international investors. This has led to a rise in living standards in Africa. Africa is still a risky investment area. Investors should exercise caution and do their research. There are numerous opportunities for investment in Africa however, the continent needs to improve its infrastructure to attract foreign capital. In the coming years, African governments should work to create more business-friendly environments and How To Get Investors improve its business climate.
The United States is more willing to invest in Africa's economies via foreign direct investment. In 2013, U.S. governments helped develop a major financing for healthcare facility in Senegal. The U.S. government also supported investments in new technologies in Africa and also helped pharmacies in Nigeria and Kenya provide high-quality medication. Such investment can generate jobs and build long-term partnerships between the U.S. and Africa.
There are many opportunities in the African stock exchange. However, it is important to understand the market and conduct your due diligence to avoid losing money. If you're a modest investor, it's recommended to invest in exchange-traded funds (ETFs), which are funds that track a diverse selection of Sub-Saharan African companies. For U.S. investors, American depositary receipts (ADRs) are an easy option to trade African stocks on the U.S. stock market.
