TLcom reaches midpoint deployment in $5M TAPSI fund with key bet on TurnStay
- TLcom Capital has deployed 50% of its $5M pre-seed fund, TAPSI.
- The firm backed South African travel payment platform TurnStay’s $2M seed round.
- Several high-profile African startups, including Edukoya and Bento Africa, collapsed in 2025.
While TLcom's strategy to support early-stage startups is commendable, the high failure rate in the African startup ecosystem raises questions about the sustainability of such investments. The focus on nurturing founders earlier could lead to better outcomes, but it remains to be seen if this approach will effectively mitigate the risks associated with investing in a volatile market.
