Africa’s “startup graveyard”, until this year relatively empty of “star names”, is filling up fast. Worrying times, then, as the flood of funding slows in pace and leading African tech ventures feel the shocks. The decline in funding may well be putting a little bit of necessary prudency into Africa’s startup ecosystem. And a few of those have been announced recently, raised by the likes of Enza Capital, Secha Capital, P1 Ventures, Knife Capital, AAIC, and Catalyst Fund. For now, though, we are still very much feeling the chill of winter, and Africa’s “startup graveyard” is getting fuller.

Source: The North Africa Journal October 31, 2023 06:02 UTC