54gene, the African genomics research, services, and development company has closed a Series A round of $15 million, led by Adjuvant Capital, including Raba Capital, V8 Capital, Ingressive Capital, and follow on investment from Y Combinator, Better Ventures, Fifty Years, KdT Ventures, Aera VC and Pioneer Fund. Founder and CEO, Dr Abasi Ene-Obong says…
“Start-ups will shut down, some will partially survive and a few will thrive.” – Idris Ayodeji Bello
Less than six months since the spread of the Coronavirus also known as COVID-19 in Africa, it has greatly influenced African start-ups. While for some it has been a growth in demand and sales, for others it has been a downward spiral ever since. With no idea when this would be ending, I spoke with…
Start-up investing is fast becoming a trending opportunity for many as several start-ups solving vital problems are on the rise. The question then becomes how does one determine which start-up to invest in. Investing in a start-up is essentially buying a piece of the company, putting down capital in exchange for equity; a portion of…
The strength of a start-up lies heavily on the team behind it. According to data from Harvard Business Review, 60% of new ventures fail due to problems with the team. This is of no surprise because the team makes everything work, everything often grinds to a halt when there is a problem. Also, the experience…
”It doesn’t matter if they copy us yesterday, because we are doing something different today.” - Maya Horgan Famodu Maya Horgan Famodu, founder of Ingressive Capital, a venture capital firm in Nigeria while talking about copy cats in the VC industry said, “ideas are one thing and execution is another thing”. With a lot of…
70% of entrepreneurs in a recent survey say that raising capital is one of their biggest problems while running their business. Another 50% fail because they run out of capital. With this in mind, this post is dedicated to breaking down the different ways entrepreneurs can access capital to scale. 1. Personal Savings;…