Over the last few years, African startups have raised billions in funding for ambitious projects — from homegrown Paystack to continental e-commerce giant, Jumia. This capital often begins with seed funding — a critical step that helps many companies grow and scale. But what exactly is seed funding and where can you get it?
Seed…
Pre-seed funding is essential to a startup's life — providing the initial financial support to bring an idea to life. But how long should pre-seed funding last?
Typically, pre-seed funding provides a runway of 6 to 18 months — depending on the business and industry. Therefore, there is no one-size-fits-all answer, as the ideal duration…
It’s not uncommon to see African startups fail. In fact, reports suggest that between 70% and 80% of startups on the continent fail within their first three years. While there are many reasons for this unfortunate reality, one of them is commonly overlooked and underrated: due diligence.
Due diligence is a thorough investigation that examines…
In 2022, Nigeria-based HR startup — SeamlessHR — raised a $10 million Series A in one of the most impressive funding rounds in Africa. Today, the company is one of the most recognizable names in the African HR technology space — helping African businesses grow efficiently with a modern end-to-end HR management system. But how…
In 2022, Flutterwave (one of the most popular Unicorns in Africa) secured a whopping $250 million in funding — one of the highest single-round raises on the continent. This cash injection from investors allowed the company to expand its operations and processing infrastructure and reach even more merchants and customers worldwide. But what exactly does…
Ingressive Capital, an early-stage $50 million VC firm based in Lagos, is ranked among the top African VC firms by Crunchbase. We provide seed and pre-seed funding to tech-enabled startups in various sectors — including financial services, marketplace, and wellbeing.
Ingressive Capital invests in startups by providing financial backing of up to $500,000 for 10%…