Damage done to the Continent’s Burgeoning Tech Startup Ecosystem by the Global Capital Shortage

Startup Graveyard is documenting the number of African tech ventures that have shut up shop since the global crisis hit. And the list includes some serious names – in various shapes or forms, Sendy, Copia, MarketForce, and WhereIsMyTransport. We are also starting to see successful African founders give back by making investments in the space. According to pan-Africanist VCs, we are now looking at the end of year seven, year eight, year nine of the first real tech success stories in Africa. So the founders of tech startups like Flutterwave, Paystack, Andela, Chipper Cash, Kuda, and OPay are now at a point where they’ve had either full or partial exits of their own equity in these companies, and they’re putting that money back to use either as angels, or LPs in funds, or setting up their own family offices. 

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