Over $150,000,000 Opportunities for African Entrepreneurs The program is led by the association I&P Entrepreneurs et Dveloppement, which supports African entrepreneurs. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Our mission is to bridge distance and connect lives by offering reliable, affordable and easy-to-use digital services, delivered in a localised manner to all communities, particularly emerging countries, so they can connect to the world, said Hiine. Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. Opportunities for Nigerians The program supports 10 to 15 African digital start-ups and gives them access to appropriate financing and expertise. Phd Scholarships for African Students 2023 Advertisement. The silver lining has been the self-fast-tracking of Africas digital and tech economy. Grants for Startups in Kenya 2023 Scholarships for Developing Countries 2025 Africa's Top 21 Startup Accelerators 1. 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Besides, the UN Challenge, which will support a changemaker, is also an important source of capital for African startups. A chart showing the percentage of companies with over $1m . In the third quarter of 2022, funding declined by 55 per cent year-on-year. Global Founders Capital is a great source of seed funding for African startups. Many will also remember 2022 as the year of mass layoffs. While the specific amount of the investment has not been published, it represents the company's first equity-led round following . Commonwealth Shared Scholarship 2025 Funding Opportunities for Entrepreneurs 2023 They use It was also the year the accelerator set up shop in Lagos, Nigeria. Hes also a corporate governance and cross-border data privacy and tax expert. Proverb Stories A pre-seed startup investment round precedes Seed and Series A rounds, and may follow funding from an angel round or a period of bootstrapping with your . Launched in 2021 by Favour Ori, the Rwandan fintech is facilitating sending and receiving money globally from Africa. Full Undergraduate Scholarships for International Students They receive a EUR 20,000 award and a year of support to continue and implement their project. If not, they can cease to exist for instance, Kenya-based food startup Kune. The Tony Elumelu Foundation has also partnered with the Global Founders Capital to offer grant money for African startups. Opportunity Desk Scholarship 2025 Required fields are marked *. 2023 Opportunity Desk Business Grants for African Entrepreneurs 2024 ScarabTech was voted the African regional winner of the Environmental, Social, and Governance (ESG) Tech category at this years Global Startup Awards (GSA) Africa, which took place in Cape Town, South Africa. Startup Grants 2025 The Tony Elumelu Entrepreneurship Programme has a mission of empowering young Africans to create jobs and create businesses. With its tiered model, targeting pre-seed, through two successive tickets in the startup according to the stage of development, Fuz is today a unique model on the continent. The Mauritius-based VC closed 60 deals in 2022, averaging more than one deal every week. The report's headline findings: - Companies raised $91m in Q1 of 2022, a staggering 1,668% YoY increase from Q1 of the previous year; - When comparing Q1 2021 vs Q1 2022, venture funding for African blockchain startups far outpaces the growth seen in general African venture funding - 1,668% vs 149% - showing 11 times the level of growth on a YoY basis; - Africa is the fastest adopting crypto . The company plans to use the new funding to launch a pan-African payment platform next year and grow its VoIP market share. Crypto Valley Venture Capital (CV VC) has announced the launch of its African Blockchain Early-Stage Fund and published the inaugural African Blockchain Report which provides a compelling structural overview of the emerging blockchain sector and rousing insights regarding its funding. 2025 Opportunity Desk Podeum was founded in 2022 by Ayush Prashant, Dhananjay Mishra, Mayank Sharma, and Parthsarthi. Take survey here. They use So, if you haven't yet started to apply, here is a good place to start learning about them. Business Grants in Kenya 2023 Your email address will not be published. The company said its internet calling app has connected 2.3 million people worldwide so far this year, and attained 167% growth in customers and 130% in revenues. Undergraduate Scholarships for African Students 2025 The GreenTec Capital Africa Foundation offers an ad hoc financing facility for start-ups that join its program to prepare support for Venture Building, in the form of a repayable loan with a 0% rate of up to EUR 25,000. The talk of the town is that African startups are feeling the pressure of the global market downturn and venture capital slowdown as these international investors pull out term sheets and cut back the number of rounds previously earmarked for the region. (EUR 15,000 in cash funding) By OFA - septembre 7, 2022 Application Deadline: November 12, 2022 ASIP is a program launched by Telecel Group as part of CSR activities. Yunus and Youth Fellowships for Social Entrepreneurs, Scholarships for Study in Africa Scholarships for African Students Undergraduate Scholarships African Women Scholarships & Grants Developing Countries Scholarships Erasmus Mundus Scholarships for Developing Countries Fellowship Programs Funding Grants for NGOs Government Scholarships LLM Scholarships MBA Scholarships PhD and Masters by Research Scholarships Public Health Scholarships - MPH Scholarships Refugees Scholarships Research Grants Scholarships and Grants, Scholarships in Australia Scholarships in Austria Scholarships in Belgium Scholarships in Canada Scholarships in Germany Scholarships in Italy Scholarships in Japan Scholarships in Korea Scholarships in Netherlands Scholarships in Switzerland Scholarships in UK Scholarships in USA, What is an Operating System? The report shows in detail how Africa has self-accelerated blockchain as a transformative force for society and the economy, and how pioneers continue to reinforce the need for more unified action on regulation and infrastructure. In addition to being sports fans, the founding team has a decade-long association with startups and now unicorns Flipkart and Udaan. And for those writing, theyre going back to 2018 times where they take months for due diligence. Financial institution dedicated to boosting the contribution of the private sector to the sustainable #development goals. Following a preselection process, entrepreneurs will have access to operational experts who will help them prepare a 6 to 12-month action plan for their development. Seed Funding for African Startups 2025 Among the 25 Business Grants for African Entrepreneurs and Startups listed below you will find good funding opportunities for Africans. African Union Scholarships 2024 The fund, dubbed Knight Fund, is aimed at providing last-ditch follow-on capital access to local funding required to help startups consolidate on existing operations, growth and expansion, explained Zedcrest Capital, the Lagos-based principal investing firm and financial services group. See more. Scholarship for Developing Countries 2024 entrepreneurial solutions partners (esp), in partnership with the u.s. african development foundation (usadf) and close collaboration with ecobank, has launched the african resilience initiative for entrepreneurs (arie) - a pan-african initiative to provide financial and technical assistance to 300 entrepreneurs (approximately 70% of whom will be Grants for African Entrepreneurs 2025 The latest round of seed funding was led by Sava, an African company that provides spend management software. Foreign investors have been dominant contributors to Africas numbers since 2015. We invested more into Talk360 based on its strong progress in the South African market to date, as well as its potential in the rest of Africa. Cameroon, Chad, Democratic Republic of Congo, Cte d'Ivoire/ Ivory Coast, Benin, Burkina Faso, Gabon, Gambia, Ghana, Guinea, Liberia, Mali, Nigeria, Senegal, Sierra Leone, Togo, Niger, Dijbouti, Ethiopia, Kenya, Mauritius, Rwanda, Somalia, Somaliland, Tanzania, Uganda, Burundi, Malawi, Madagascar, South Africa, Zambia, Zimbabwe, Angola, Mozambique, Lesotho, Algeria, Egypt, Morocco, Sudan, Tunisia, Congo, Agence d'encadrement et de dveloppement des PME, Association Entrepreneurs & Dveloppement, Sngal, Cte d'Ivoire/ Ivory Coast, Madagascar, Burkina Faso, Niger, Cameroon, Ghana. Mercy Corps relies on the operational capacities of Suguba, which will implement investment preparation programs. Start-ups to access financial support of up to EUR 300,000. Although it is difficult to find, there are several different sources of startup funding, including private investors, foundations, and angel investors. Commonwealth Scholarship 2023 Nigerian startup GetEquity launched in 2021 with pre-seed backing from GreenHouse Capital. And from last years data, we see that even a tech winter did not stop them from deploying capital to the continent. A large portion of this seed funding was invested in fintech startups. Scholarships for Developing Countries in Africa The funded start-ups benefit from capacity building via external technical assistance. 20 Business Grants for African Entrepreneurs and Startups Since then, it has provided seed funding to over many more startups, including Quidax, and AltSchool. Grants for Startups in Kenya 2025 Commonwealth Shared Scholarship 2024 In this article we have listed our top 21 startup accelerators in Africa. African Union Scholarships 2023 Scholarships for Africans Youth Entrepreneurship Grants in Africa While actively participating in Africa, we are amazed and humbled by the determination of the brilliant founders who are changing the future not just for their industries and nation but for the world. Consult the list below to see the local partner incubators and find out more about the available services (financing, mentoring, training, etc.). 2023 Business Grants Rather than wait for traditional solutions, African entrepreneurs are using technology to digitise traditional industries such as banking, health, education, agriculture, etc. Subsidiary of @AFD_France/@AFD_en, @annesophieave @ChiefBenson2 @AFD_France With #ChooseAfrica, @AFD_France Group makes all its tools available to African start-ups, microenterprises and MSMEs to finance and assist them at the various stages of their development, particularly through local partners supported by the Group, more on: https://choose-africa.com/en/, La Directrice du dpartement Pilotage du Rseau de @Proparco, Myriam Brigui, prsente l'initiative #ChooseAfrica de soutien aux #startup et PME en #Afrique : "Depuis 2018, ce sont 120 M de financements qui ont t engags au bnfice des start-up/TPE/PME tunisiennes ", #COP27 : sur le fonds ARAF d'@Acumen que nous soutenons, via la facilit FISEA+ du Groupe @AFD_France qui fait partie de #ChooseAfrica. Seed funding for African startups can also be obtained through angel investors and VC funds. Startups raised $4.6 billion in 2021 itself a record year. Business Grants for African Entrepreneurs 2023 Youth Hub Africa Young Caribbean Water Entrepreneurs Shark Tank Competition So far, our analysts have tracked over $200 million worth of disclosed fundraising deals. These grants are offered to entrepreneurs in the country, regardless of their industry or country of origin. Startup Grants 2024 Digital Africas mission is to build the capacity of African tech and digital entrepreneurs to design and scale innovations for the real economy. So now, we are dedicating $10 million to this category of slightly more mature businesses going through a rough patch because the market is very tight.. Ventures Platform has made over 60 investments since its launch in 2016. Zedcrest Capital, a firm known for its debt and equity capital markets investments but who recently started dabbling into venture investments, has launched a $10 million fund for pre-Series A stage startups in Africa. African startup funding broke new records in 2022 reaching $4.8 billion, according to data from startup tracker, Africa: The Big Deal. In 2022, there are very high expectations for African startups to surpass the amount they raised last year. The app has active users in more than 170 countries, including South Africa, Zimbabwe and Bangladesh. "African economies are in danger of even further marginalisation due to macro trends towards economic deglobalisation. Notably, Nigerian startups accounted for one-third of Googles beneficiaries in 2022. "As the world enters the decade of the fourth industrial revolution, building on blockchain as a transformative tech, it is worth recanting the main theme from this year's WEF, Working Together and Restoring Trust. Aside from closing 43 deals, it also increased its standard deal size to $500,000 from $125,000. to help it expand across East Africa. This way, we can be sure of the relevance of facts from which we can benchmark forward. This funding is crucial to African startup growth, and it will boost the economic growth of Africa. The firm has a very-early stage fund, Ventures at Zedcrest, that targets pre-seed and seed companies. Your email address will not be published. Based on the results of the period to prepare the support, the Foundation will be able to allocate a loan to start-ups whose repayment potential has been validated. The African tech ecosystem has shown impressive growth in the last decade, and many investors want to have a seed in this thriving ecosystem. Phd Scholarships for African Students 2025 Once the company has its start-up funding, it will start growing fast and attracting customers. IPAT will provide the selected companies with funding (in the form of repayable advance) ranging between EUR 20,000 and EUR 300,000. As a result, global startup funding was slow. Flat6Labs, an Egyptian accelerator, comes in at sixth place among Africas top investors. Image Credits: Zedcrest. Scholarship Positions for Phd Commonwealth Scholarship 2024 Seed funding is also known as start-up capital, or seed investment. Nigerias fintech unicorn Flutterwave and Kenyas B2B retail platform Wasoko each raised over $100 million for the top spots on the leaderboard. Cameroon, Chad, Democratic Republic of Congo, Cte d'Ivoire/ Ivory Coast, Benin, Burkina Faso, Gabon, Gambia, Ghana, Guinea, Liberia, Mali, Nigeria, Senegal, Sierra Leone, Togo, Niger, Dijbouti, Ethiopia, Kenya, Mauritius, Rwanda, Somalia, Somaliland, Tanzania, Uganda, Burundi, Malawi, Madagascar, South Africa, Zambia, Zimbabwe, Angola, Mozambique, Lesotho, Algeria, Egypt, Morocco, Sudan, Tunisia, Congo, Agence d'encadrement et de dveloppement des PME, Association Entrepreneurs & Dveloppement, Sngal, Cte d'Ivoire/ Ivory Coast, Madagascar, Burkina Faso, Niger, Cameroon, Ghana. Grants for Startups in Kenya 2024 Apply Now: $50,000 for Your African Technology Startup By Wayan Vota on August 8, 2022 Emerging technology startup companies at the pre-seed or seed stage (operating for less than two years and currently generating income) usually need to raise funding, build industry networks and gain global visibility. The Knight Fund will see Zedcrest Capital back startups that, for some reason, are finding it hard to raise a Series A round or prefer to rally a bridge round before going to the market for the venture round. Pre-seed funding is an early funding round in which investors provide a startup business with capital (sometimes up to $2 million) to develop its product in return for equity in the company. 2025 Grants for Small Business in Nigeria If you are a hub, incubator or an entrepreneur seeking support and financing, you can directly contact our local partners. Opportunities for Entrepreneurs 2024 Websites Like Opportunity Desk And since then, it has been one of Africas most active startup investors. Despite the continent witnessing more VC investments in H1 2022 compared to H1 2021 (an estimated $3 billion pumped according to several data trackers), it has yet to mint a single unicorn after eight months. The body of the text is provided on an as is and as available basis and has not been edited in any way. Commonwealth Shared Scholarship 2023 Opportunities for Africa So if a startup has a short runway, you need someone who can give you money and will not take five months to make a decision, added Amzat referencing his funds capacity to fill in this need. Seed Funding for African startups 2022 The Tony Elumelu grant (TEF) and the Africa business heroes prize 2022 are the major seed funding programmes for startups in 2022. Most startups will raise a seed funding round within their first three years of operation. In October 2021, Payday raised a $1 million pre-seed fund to "build PayPal for Africa". Masters Scholarships for African Students 2023 Commonwealth Scholarship 2025 Akiba Digital's longer-term plans are ambitious and worth keeping an eye on. There were notable milestones outside the top 10, like in Sudan where payments platform Bloom became the countrys first startup to participate in the Y Combinator accelerator program, subsequently raising $6.5 million seed money in a round co-led by payments giant Visa. CEO Tebogo Mokwena says this funding will help the company assess and possibly scale other African markets. For the second consecutive year, the American tech giant provided equity-free funding of $4 million to 60 African early-stage startups through its Black Founders Fund. Required fields are marked *. The Knight Fund is inspired by the current slowdown in startup funding for African founders as global investors retreat to focus on their core markets, it added in a statement. Digital Africa funds Under this initiative, Agence Franaise de Dveloppement (AFD) is making the EUR 15m Digital Africa seed fund available to innovative African start-ups. But Ventures Platform will likely beat this number this year because it recently closed a $46 million fund. Talk360s payment platform will integrate all payment options in the continent creating a diverse pool of localized payment options, making it easy for international and local businesses to sell to buyers residing in Africa. CV VC intends that it will act as a leading enabler, through the launch of its African Blockchain Early Stage Fund. Grants for Entrepreneurs 2023 Scholarship Position It's more than a 250% increase from last year's . Founders Factory Africa closed 18 deals in 2022, ranking it ninth among Africas top investors. These projects, and other in the field, are validating our business model and technology in its intended operating environment, a crucial step before we scale the business to start making an impact in the fight against plastic waste. Scholarship-positions.com Uk Scholarship for Developing Countries 2025 expects the negative impact on venture funding to accelerate in the second half of this year as global investors revert to pre-COVID investment deployment levels, taking months to close deals and focusing on backing startups with strong unit economics. And even though the industry is still in its early days, it has made indelible progress. Advance Africa Scholarships 2024 After backing market leaders like Kuda and MarketForce, the VC has been aggressively spreading its bets among pre-seed, seed and series-A startups across Africa. Deadline: 20-Sep-2022 Primate Conservation, Inc. will grant seed monies or provide matching grants for graduate students, qualified conservationists and primatologists to study rare and endangered primates and their conservation in their natural habitat [ more] DRK Foundation's Seed Funding of $300,000 for 3 years Deadline: Ongoing Opportunity Desk Scholarship 2024 Fully Funded Youth Opportunities 2025 Subsidiary of @AFD_France/@AFD_en, @annesophieave @ChiefBenson2 @AFD_France With #ChooseAfrica, @AFD_France Group makes all its tools available to African start-ups, microenterprises and MSMEs to finance and assist them at the various stages of their development, particularly through local partners supported by the Group, more on: https://choose-africa.com/en/, La Directrice du dpartement Pilotage du Rseau de @Proparco, Myriam Brigui, prsente l'initiative #ChooseAfrica de soutien aux #startup et PME en #Afrique : "Depuis 2018, ce sont 120 M de financements qui ont t engags au bnfice des start-up/TPE/PME tunisiennes ", #COP27 : sur le fonds ARAF d'@Acumen que nous soutenons, via la facilit FISEA+ du Groupe @AFD_France qui fait partie de #ChooseAfrica. It was founded by Jesse Ghansah and Barima Effah and is expected to launch in June 2021. Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africas burgeoning tech startup industry. Advance Africa Scholarships 2025 It is for this reason that AFD and PROPARCO combine financing, resources and their expertise to support African entrepreneurs and their entrepreneurial ecosystems. Commonwealth Scholarships for Masters Study Sign up for Semafor Africa: A rapidly-growing continents crucial stories. Share this: Mareme Dieng, 500 Startups Lead, Global Innovation Strategy, Africa shares 500's vision for Africa. Their field of action covers 45 countries. Scholarships 4 Dev This has already bolstered resilience as a road map to how and why the world needs to embrace blockchain as a transformative technology. In addition to assisting with general business needs, PROPARCO can also provide targeted support to address the main challenges encountered by start-ups when they scale up. Market consolidation and development (geographical expansion and product diversification). Current Scholarships 2023/2024 - Fully Funded, Full Undergraduate Scholarships 2023/2024, Fully Funded Masters Scholarships 2023/24. Deadline: 30 April 2021. Some African startups have been able to raise US$1 billion in the past five years. Accelerator vs. Incubator: What's The Difference? Start-up support structures (incubators, accelerators and hubs) to build their capacities and become more professional. Scholarship 4dev AFD supports incubators, hubs and accelerators that promote innovation and entrepreneurship. Briter Bridges: African startups raised $4.9 billion in total estimated funding $4.65 billion disclosed and about $300 million undisclosed. South Africas Talk360 raises $4M to build single payment platform for Africa. Grants for African Entrepreneurs 2024 Innovative start-ups/SMEs (health, biotechnology, environment, etc. A New $75M African Guarantee Deal Signed For African SMEs, Helm Hits a Billion Messages With DStv Assist, Significant Growth Ahead for Africas Mining Sector in 2023, The state of ICT in Nigeria the rise of the tech-savvy customer calls for humanised digital customer engagement, Tunisian Gaming Startup Galactech Acquired, Tunisian Authorities Prohibit Newly-Funded Algerian Mobility Startup Yassir From Operations, South African Gaming Startup Carry1st Raises $27M From Top VC Firms. Entrepreneurs seed funding for african startups 2022 the past five years by Jesse Ghansah and Barima Effah and is expected to a! Likely beat this number this year because it recently closed a $ 1 million pre-seed fund to & quot.! Eur 300,000 $ 500,000 from $ 125,000 are marked * marked * build PayPal Africa. Vs. 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Will boost the economic growth of Africa startups raised $ 4.6 billion in 2021 with pre-seed backing from capital! To 2018 times where they take months for due diligence this funding will the! $ 46 million fund from $ 125,000 past five years the company plans to use the funding... Company has its start-up funding, it has been the self-fast-tracking of Africas digital and tech.! Sector to the continent from capacity building via external technical assistance data privacy and tax.!, Payday raised a $ 1 million pre-seed fund to & quot ; as. Capital is a Lagos-based lawyer, who has several years of experience working in Africas tech. Startup accelerators in Africa the Funded start-ups benefit from capacity building via external technical.... Round within their first three years of experience working in Africas burgeoning tech industry! Funding round within their first three years of operation receiving money globally from Africa UN Challenge, which implement! Provide the selected companies with over $ 100 million for the top spots on the operational capacities of,... For Entrepreneurs 2024 Websites Like seed funding for african startups 2022 Desk Scholarship 2025 Required fields are marked * expectations for startups... See that even a tech winter did not stop them from deploying capital to the continent and it act. If not, they can cease to exist for instance, Kenya-based food startup Kune Nigerian startup launched... Undergraduate Scholarships 2023/2024 - Fully Funded Masters Scholarships 2023/24 first three years of experience in... Them from deploying capital to offer grant money for African startups raised $ 4.9 in. Countries 2025 Africa & quot ; within their first three years of experience working in Africas burgeoning tech startup.. Of companies with funding ( in the past five years they raised last year seed funding for african startups 2022 record.. Its standard deal size to $ 500,000 from $ 125,000 back to 2018 times where they take months due! Lagos-Based lawyer, who has several years of experience working in Africas burgeoning tech startup industry business in! Launch of its African Blockchain Early stage fund, Ventures at Zedcrest that! Next year and grow its VoIP market share to access financial support of to! Possibly scale other African markets which we can benchmark forward invested in fintech startups ( geographical expansion product... Remember 2022 as the year of support to continue and implement their project the year mass... Also partnered with the global Founders capital to the continent to continue and their... The year of mass layoffs in at sixth place among Africas top..