| Date | Title | Description |
| 22.04.2024 | Exclusive: The Peer will return $350,000 to investors after shutting down | When The Peer, a Nigeria-based API startup, shut down in April, the business still had up to twenty months of runway. The shutdown, which its founders blamed on an inability to find product-market fit, means investors will get some of their... |
| 05.07.2023 | Will Africa’s B2B e-commerce industry survive another decade?
TechCabal’s 2021 Year-End report
Success! | Every day, millions of Africans buy things from the vendor who owns a kiosk at the end of the street, the woman under the umbrella at the bus stop, or something cold from a hawker as traffic slows down. Informal retail makes up between 60-7... |
| 19.08.2022 | Nigerian e-commerce platform, Omnibiz, raises $15 million pre-Series A | Image Source: Omnibiz
Omnibiz, a Nigerian B2B e-commerce company, has recently secured a $15 million pre-Series A investment led by Timon Capital. The raise is structured as a $5M equity and $10M debt investment deal and saw participation f... |
| 09.08.2021 | The Ghanaian attraction, Decagon’s seed round, yet another name change, MTN Nigeria at 20 | Share this article:
Good day
Today I’m discussing
MainOne and the Ghanian attraction
Decagon’s $1.5 million seed round
Nigeria’s Ministry of Science and Technology’s name change
Celebrating MTN Nigeria at 20 MainOne and the Ghanian attracti... |
| 04.05.2021 | Kenya’s Lami raises $1.8M to scale API insurance platform across Africa | Africa’s insurance market stands at a 3% penetration rate, per a McKinsey study in 2018 comparing six insurance regions on the continent. If the South African market is excluded, this number drops to a measly 1.12%.
Unlike other parts of th... |
| 12.11.2019 | Lori Systems, a logistics startup headed by SA man, nets ‘undisclosed’ Series-A round | Lori Systems — a Nairobi-based logistics startup started by a South African, Kenyan and Togolese — has secured a Series-A round led by Asian private equity firm Hillhouse Capital and Beijing-based Crystal Stream Capital.
Lori System’s tech... |
| 12.11.2019 | Lori Systems, a logistics startup headed by SA man, nets ‘undisclosed’ Series-A round | Lori Systems — a Nairobi-based logistics startup started by a South African, Kenyan and Togolese — has secured a Series-A round led by Asian private equity firm Hillhouse Capital and Beijing-based Crystal Stream Capital.
Lori System’s tech-... |
| 21.10.2019 | What does the CEO of a startup in Africa earn? | How much do employees of technology companies earn in Africa? The consensus seems to be that these employees are well compensated, but there has been little data to back this up. Until now.
Thanks to a study conducted by Timon Capital, an i... |
