Dossier
Wasoko
Coverage of Wasoko in the Nexus archive.
Silverbacks Holdingsorganization14Di Capitalorganization1Norrsken22organization1Mooveorganization1Flutterwaveorganization1Monoorganization1Aeroboticsorganization1Daniel Yuperson1Africa Jobs Fundorganization1Renaissance Philanthropyorganization1Samantha Powerperson1Iyinoluwa Aboyejiperson1agri-processingtopic1
- Africa's funding reset leaves early-stage tech founders behind
Africa's early-stage tech startups are experiencing reduced venture capital funding as investors prioritize later-stage companies with proven revenue and scale. This shift has led to fewer deals and larger average investments, with firms like Silverbacks Holdings and 4Di Capital focusing on growth-stage ventures to meet exit and return targets.
- $100M philanthropy-backed fund launched to support manufacturers
A $100 million philanthropy-backed fund, the Africa Jobs Fund, was launched to invest in African manufacturing companies over five years. Founded by Daniel Yu, former CEO of Wasoko, the fund is supported by Renaissance Philanthropy and advised by Samantha Power and Iyinoluwa Aboyeji, focusing on job creation through agri-processing value chains.