Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies70.77

Africa’s VC landscape is becoming more African with an increasing number of investment funds headquartered on the continent and run by locals, according to Crunchbase data summarized in this TechCrunch feature.

Drawing on its database and primary source research, Crunchbase identified 51 “viable” Africa-focused VC funds globally—defining viable as formally established entities with 7-10 investments or more in African startups, from seed to series stage.

Original source
https://techcrunch.com/2018/11/06/africa-roundup-local-vc-funds-surge-naspers-ramps-up-and-fintech-diversifies/

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