8 things African VC firms are looking for in a startup
- VCs want startups that solve real, local problems rather than just replicating global trends.
- The 'Big Six' sectors attracting the most venture capital in Africa are fintech, logistics & transport, e-commerce & retail, healthcare, agriculture & food, and energy & water.
- Investors are looking for businesses with potential for growth beyond national borders.
The insights provided in the Investor Guide are invaluable for startup founders seeking investment in Africa. By focusing on local needs and demonstrating a clear growth strategy, founders can significantly enhance their chances of attracting VC interest. However, the emphasis on governance and financial discipline indicates a shift towards more responsible and sustainable business practices in the region.
