Delta40 closes $20 million fund to back and co-found early-stage African startups
Delta40 closed a $20 million fund to invest in early-stage startups in Africa. More than half of the fund consists of commercial capital from private investors.
Delta40 Raises $20 Million to Expand Venture Studio–Led Startup Financing Across Africa
Delta40 secured $20 million to scale financing for early-stage startups across Africa. The funding was supported by the Soros Economic Development Fund and the Rockefeller Foundation.
Delta40 Completes $20M Fundraising Effort to Build and Support Innovative Ventures Across Africa
Delta40 announced $20 million in funding to support its Venture Studio and Fund. The initiative marks Africa's first institutional raise linking venture building and early-stage capital.
Too many fundraises, not enough returns: The story of African tech
The Pan-African View of Tech Returns and Exits panel discussed the challenges African startups face in achieving liquidity events. In 2023, only 30 exits were recorded across Africa, compared to 83 in Southeast Asia and 178 in Japan.
