Living off of your great business idea: that’s the dream, right? And if you’ve got a dream market concept, you’ve already completed the first step. Of course, getting to success takes time, consistency, focus and work, and the truth is that even those companies that describe themselves as overnight miracles
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Since the beginning of 2021, Africa-based tech startups have raised more than $2.9 billion with Nigerian startups which are creating new products, services, and platforms raising $1.7 billion of this total or about 60% of it, a new report has found. According to business consultant and venture capitalist Maxime Bayen’s business
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When founders decide to implement yet another productivity tool, they pass on the SaaS (Software as a service) fatigue to their team members. The rise of flexible work culture such as ‘working anywhere at any time’ can mean extra pressure for startup founders, which translates to ‘work everywhere at every time.
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Payourse, a blockchain startup based in Lagos, Nigeria, is raising $600,000 in pre-seed funding to scale its products and expand into new markets. Payourse’s goal is to make cryptocurrency more accessible to Africans. Flori Ventures, Olumide Soyombo’s Voltron Capital, and Allegory Capital have joined Michael Ugwu, one of Africa’s largest NFT collectors.
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Over the last 18 months, technology has enabled businesses to adapt to rapidly changing market conditions, innovate and grow. However, as businesses adopt new solutions, companies must also address the challenge of increasing infrastructure complexity and outdated processes. Research from Dell Technologies and IDG reveals IT and business leaders across Australia and
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Vice President Yemi Osinbajo says no fewer than six startups owned by young Nigerians have grown from scratch to billion dollar businesses in recent years. Osinbajo was the Special Guest of Honour at the Graduation Ceremony of Senior Executive Course 43, 2021 of the National Institute for Policy and Strategic Studies
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The right financing source might make or break your business. Identify the type of investors that are most suitable for you. Once you decide to grow your company as a startup, the amount of money you need to support the scale-up often exceeds what your current business can afford. That is
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LocalGlobe led the $3.4 million pre-seed funding round for Oja, a Nigerian-founded ethnic grocery delivery service. Acequia Capital, Tiny VC, and HoaQ Fund, a black angel group, also participated, as did investors from Sainsbury’s, Taster, Booking.com, Deliveroo, Trouva, and King.com. Oja, a Yoruba word for market, was founded in 2020 and sends
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Nigerian tech startup TeamApt Ltd. is in the market raising its third round of funding at a value of more than a $1 billion, which will result in the fintech firm joining a spate of Africa-tech companies to become so-called unicorns. The Lagos-based company is targeting to raise about $150 million,
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Over the past few years, engineers have created increasingly advanced technologies to produce and store energy more sustainably. Solar cells made of organic molecules or polymers are among the most promising sustainable energy solutions, as they are typically thin, lightweight and flexible. Despite their advantages, most organic solar cells developed so
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