Yango Group launches $20 Million Venture Fund to empower African startups
Yango Ventures has launched a $20 million fund targeting early-stage startups from seed to Series B stages. The African startup ecosystem faced a downturn with investments dropping by over 50% in 2023.
Vendease restructures employee salaries, seeks fresh funding
Vendease laid off 44% of its workforce, approximately 120 employees, in January. The company has shifted to a performance-based salary system with an Equity Share Option Plan (ESOP).
YC-backed food supply startup Vendease restructures employees’ salaries
Vendease laid off 44% of its workforce, approximately 120 employees, marking its second round of job cuts in five months. The startup has replaced traditional salaries with a performance-based pay system and an Equity Share Option Plan (ESOP).
10 Investors Investing in African E-Commerce
Africa's e-commerce market is expected to grow from $317 billion in 2024 to $1,017 billion by 2033. TLcom Capital manages over $350 million and focuses on early-stage e-commerce startups.
8 Investors Investing in African EdTech
Education spending in Africa is projected to triple to $740 billion by 2030. EdTech investments in Africa could grow 19 times to $57 billion by 2030.
