Even though most of the funding for African startups comes from foreign venture capital firms, indigenous firms are also actively investing in these startups. Previously, we curated a list of Nigeria-based and Silicon valley-based and their portfolio companies, in this listicle, I spotlighted publicly disclosed check sizes of some African-focused firms. Source: Ingressive CapitalMicrotractionMicrotraction is an early-stage venture capital firm based in Lagos. FirstCheck AfricaFirstCheck Africa, is a female-focused African venture capital firm that is "fixing capital access for female tech entrepreneurs in Africa needs an intentional, female-led approach." Founded by Eloho Omame and Odunayo Eweniyi, FirstCheck provides female-led startups with check sizes between $15,000 to $25,000Voltron CapitalVoltron Capital is a pan-African pre-seed and seed-focused venture capital firm.

Source: The North Africa Journal June 10, 2022 09:04 UTC