Funding has long been a challenge for African startups but the tide has started to turn in the last year as the sector heats up and both investors and entrepreneurs start to see some of their long term efforts come to fruition.
In the recent past the biggest issue startups from Lagos to Nairobi or Cape Town and Johannesburg would complain about was the lack of venture funding and the lack of options when it came to seeking funding. They’d look on forlornly as startups in admittedly much bigger markets like Silicon Valley or New York literally raised tens of millions of dollars in a Series A round.