Africa-focused early-stage investor DFS Lab has invested in 19 African tech startups so far in 2021, making it one of the most active firms on the continent and taking its total portfolio size to 22. Founded in 2017, DFS Lab helps founders leading next generation digital commerce businesses in Africa build solid foundations, and matches them with capital. The 17 African deals DFS Lab has done so far in 2021 were a mixture of investments made in companies that have gone through its programme, for which applications are open on a rolling basis and through which participants bank US$25,000 in capital, and separate participations in other deals, for which investment values can be different. “We believe that the next generation of companies that will provide a great deal of value on the African continent will be in the digital commerce space. We’re passionate about working closely with founders in this space from the very early stages.

Source: The North Africa Journal November 11, 2021 18:00 UTC