African startups are raising unprecedented amounts. What next?
The continent is the only region in the world not suffering from a slowdown in venture capital
When maurizio caio, a fund manager with about 20 years of experience in tech, began raising money in 2015 for an African startup fund, investors were hesitant. “They said to pick either Africa or venture capital (vc),” says Mr Caio, who jointly runs tlcom Capital, a fund focused on Africa. “There is an Africa risk and a vc risk,” was the message. “Don’t combine the two.”
This article appeared in the Middle East & Africa section of the print edition under the headline “Adventurous capital”
From the July 23rd 2022 edition
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