The good news is as Africa’s VC sector continues to grow the amount of VC funding raised by startups this year is likely to keep growing.
Last year 146 African tech startups raised over $1.1-billion in equity funding, according to a report by French VC Partech Africa.
Even given the significant challenges that the continent’s VC sector faces — such as a lack of follow-on funding and angel investors — some have predicted that this year African startups could raise as much as $1.5-billion this year.
Ventureburn tracked down a couple of venture capitalists who are active on the continent and asked them what they look for in tech startups, their investment philosophies and what they want you to know about them. Here’s what they had to say.
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South Africa Today