TLcom Capital's $71 million TIDE Africa Fund
The latest venture from TLcom Capital has closed at a reported $71 million. The fund's predecessor was shut 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 focus on East African fintech companies. The investment firm has offices in Kenya and Nigeria. TLcom's portfolio includes Twiga Foods, Andela, uLesson, and Kobo360. Each company is worth between $500,000 and $10 million.
TLcom, a Nairobi-based VC company with more than $200 million under management. The company's managing partner, Omobola Johnson, has helped launch over a dozen tech companies across the continent which include Twiga Foods and a trucking logistics company. The investment firm's team is comprised of Omobola Johnson, who was a former Nigerian minister of communication technology.
TIDE Africa is an equity fund that invests in growth-stage tech companies in SSA. It will invest between $500,000 and $10 million in companies in the early stages and will focus on Series A and B rounds. While the fund will concentrate on Anglophone Africa, it plans to invest in Eastern and Southern African countries, too. TIDE, for instance, has invested in five high-growth digital companies in Kenya.
Omidyar's $71 Million TEEP Fund
The Omidyar Network is a US-based company that invests in philanthropy that aims to invest $100-$200 million into India in the next five years. Pierre Omidyar, co-founder of eBay established the fund and has invested $113 Million in 35 Indian companies. The fund invests in India's business and consumer internet, as well as financial inclusion. It also has investments in property rights, government transparency and transparency in government as well as companies that have a social impact.
The Omidyar Network's TEEP Fund invests in projects that improve access to government information. It aims to identify non-profits that make use of technology to create public information portals and tools that are accessible to citizens. The network believes that having open access where to find investors in south africa government information increases the public's understanding of government processes, which in turn leads to a more engaged society that holds government officials accountable. Imaginable Futures will invest the funds in non-profit and for-profit organizations that focus on education and health.
Raise
It is important to choose a firm with a focus on Africa if are looking to raise capital for your African startup. One of these companies is TLcom Capital, a fund management firm with its headquarters in London. Its African investments have attracted the attention of angel investors, and the team has raised funds in Nigeria and Kenya. TLcom recently announced the launch of a new $71 million fund aiming to invest in 12 startups before they can achieve revenue.
The capital market is increasingly aware of the appeal of Africa venture capital. private investor looking for projects to fund investors are becoming increasingly aware of the potential for Africa's growth and aren't restricted by institutional investors. This means that raising funds is much simpler than it was in the past. Raise enables businesses to close deals in a fraction of the time and investors looking for projects to fund is free of institutional restrictions. There isn't a single way to raise funds for African investors.
The first step is to comprehend the mindset of investors regarding African investments. While many investors are drawn to YC hype, it's important to think beyond this Silicon Valley giant and the African Union's agenda 2063. African companies are now searching for the YC signal to make contact with US investors. Kyane Kassiri, a Tunisian venture capitalist, has recently spoke on the importance of the YC signal when it comes to raising funds for African investors.
GetEquity
Founded in July 2021, GetEquity is an investment platform in Nigeria aimed to make it easier for startups to access funding in Africa. Its goal is to make funding for African startups easier for everyone by providing capital raising tools and world-class capital for all startups. It has already helped numerous startups to raise more than $150,000 from diverse investors. In addition, it also offers a secondary market to investors to purchase other people's tokens.
Contrary to equity crowdfunding, investing in early-stage companies is an extremely exclusive venture. It's typically only available to the most renowned individual angel investors south africa investors, company funding options capital institutions, and syndicates. It is not usually available to family members and friends. However, new startups are trying to challenge this exclusive arrangement by democratizing access to startup funding in Africa. It is available on both Android and iOS devices. It is free to use.
With the launch of its wallet based on blockchain, GetEquity is making startup investing in Africa possible for everyday investors. Investors can invest as little as $10 in African startups through crypto funds. Although this might seem like tiny compared to traditional equity funding however, it's an enormous amount of money. With the recent acquisition of Paystack by Spark Capital, GetEquity has developed into a thriving ecosystem for investors who want to invest in Africa.
Bamboo
Bamboo's first hurdle is convincing young Africans to invest on the platform. Until now, investors in Africa were restricted to a limited number of options that included foreign direct investment (FDI) or crowdfunding and old finance companies. In fact, only about a third of the population had invested in any platform. But now the company has announced that it is expanding into other parts of Africa with plans to launch in Ghana in April 2021. As of this writing, more than 50,000 Ghanaians have signed up for the waitlist.
Africans do not have many options to save money. With inflation running at nearly 16%, the currency is depreciating against the dollar. Investing in dollars helps to protect against the rising cost of inflation as well as a falling currency. One platform that allows Africans to invest in U.S. stocks is Bamboo, which has experienced rapid growth in the last two years. Bamboo will launch in Ghana in April 2021. It has already surpassed 50k users waiting to get access.
Investors can fund their wallets starting at $20 after they have been registered. You can fund your account using credit cards, bank transfer, or payment cards. Then, they can trade ETFs and stocks and receive market updates. Bamboo's platform is secure at the bank level and dependable, it can be utilized by anyone within Africa who can provide an acceptable Nigerian Bank Verification Number. Professional investment advisors may also benefit from Bamboo's services.
Chaka
Nigeria is a center for legitimate investment and business. Nigeria's film and entertainment industry is among the largest in Africa. The country's growing fintech ecosystem has led to an increase in startup formations and VC activity. TechCrunch interviewed Iyinoluwa Abodeji, one Chaka's most prominent supporters. She said that the trend towards progress in the country will eventually open doors for a new class investors. Chaka also received seed-funds from Microtraction which is managed by Michael Seibel, CEO of Y Combinator.
Beijing has been more interested in African investments because of the deteriorating relationship between the US and China. The trade conflict, as well as growing anti-China sentiment has made it more attractive for investors to look beyond the US to invest in African companies. The African continent is home to huge, developing economies, however, the majority of markets are too small to support venture-sized enterprises. African entrepreneurs must be prepared to adopt an expansion mindset and create a coherent expansion story.
The Nigerian Stock Exchange is overseen by the Central Securities Clearing System, which makes it a secure and secure place to invest in African stocks. Chaka is free to join and gives the benefit of a 0.5 percent commission on each trade. Withdrawals of available cash can take up to 12 hours. On the other hand, where to find investors in south africa withdrawals of sold shares can take up to three working days. In both cases, the cash for sold shares is settled locally.
Rise
Africa is experiencing positive news due to the rise in investors who are willing to invest. Its economy is stable , and its governance is sound, which is why it is a popular destination for international investors. This has led to a rise in living standards in Africa. However, Africa is still a very risky investment and investors should take care and be careful. There are numerous opportunities for investment in Africa, but the continent must improve its infrastructure to attract foreign capital. African governments must collaborate to create a more business funding-friendly environment and improve the business environment in the coming years.
The United States is more willing to invest in the economies of Africa through foreign direct investment. U.S. governments assisted Senegal in the development of a major healthcare financing facility. The U.S. government also supported investment in new technology in Africa and assisted pharmacies in Nigeria and Kenya provide high-quality medication. These investments can create jobs and foster an ongoing partnership between the U.S. and Africa.
While there are plenty of opportunities in the African market for stocks it is important to be aware of the market and conduct proper due diligence to ensure you don't lose money. If you're a modest investor, it is best to invest in exchange-traded funds (ETFs) which are funds that track a wide selection of Sub-Saharan African companies. For U.S. investors, American depositary receipts (ADRs) are an easy way Where to find investors In south africa trade African stocks on the U.S. stock market.
