Venture Capital articles


Two African Seed Investment Companies Team Up To Invest in Nigerian Startups

Two African Seed Investment Companies Team Up To Invest in Nigerian Startups

Two of Africa’s most successful seed investment companies, 88mph and L5Lab are teaming up to invest in the best mobile and Internet startups out of Nigeria, TechLoy has learnt.


5 African Start-ups Receive Seed Funding From Microsoft

In a bid to empower the next generation of developers and entrepreneurs in the continent, Microsoft has awarded five African start-ups across Kenya, Uganda and Nigeria with innovation grants, through its 4Afrika initiative launched last year.


1st Angel Fair West Africa Comes To Lagos This March

Lagos has been chosen to host about 100 investors and entrepreneurs from within and outside Africa at the inaugural Angel Fair West Africa come March 30th & 31st, where entrepreneurs would meet investors in order to ‘do deals’.


Tony Elumelu’s Heirs Holdings Invests In U.S. Space Technology Startup, Planet Labs

San Francisco-based Heirs Holdings, the pan-African proprietary investment company founded by former United Bank for Africa Group CEO, Tony Elumelu, has announced an undisclosed investment in US start-up Planet Labs.


iROKOtv Raises Additional $8 Million In “Series D” Funding From Kinnevik and Rise Capital

Just about a year since it raised $10 million in Series B and Series C funding from US-based Tiger Global and Sweden-based Kinnevik, iROKOtv, the world’s largest distributor of African movie content online has secured an additional round of $8 million.


Africa’s Largest Online Classifieds Group Receives $20 Million In Funding From Australia’s Largest Jobs Site, SEEK

When two of Africa’s leading players in the classified ads space teamed up last year to build what has now become the largest online classifieds entity in the continent, it was only time before it got attention from global investors and international media. Today, SEEK, the largest jobs site in Australia announced that it has


South Africa’s Silvertree Capital Invests Into Two Nigerian E-Commerce Companies

Silvertree Capital, a South African-based company builder and venture capital investor focused on the African market has announced it has made an undisclosed investment into two of Nigeria’s leading e-commerce sites, and


After Raising Close To $70 Million, E-Commerce Company, JUMIA Builds A 90,000 sqft Warehouse in Lagos

As it celebrates its first year anniversary today, Nigeria’s largest online retailer, JUMIA is moving into its 90,000 square foot warehouse located in Ogba, Ikeja, Lagos, just a month after it raised $35 million in funding from Millicom.


Startup Stock Exchange Opens On June 10 To Help African Startups Sell Shares To Investors

Startups looking to raise money from global investors by selling ownership shares in their companies can now do so through the Startup Stock Exchange, a regulated global public marketplace for startup investing pre-launched last July. The world’s first online stock exchange for startup investing and funding will open its marketplace on June 10, 2013 allowing

Jason at MWWA2013

Jason Njoku Owns 35 Percent Of Mark Essien’s Hotels Booking Startup

By now, it is no longer news that SPARK is putting $1 million into local Internet start-ups this year in what can be described as the most audacious bet on the early-stage Nigerian Internet space. But as the news gradually filters through the fabric of the tech ecosystem, Techloy has exclusively learnt (after a tip-off from

Samwer brothers

Millicom Invests Additional €35 Million Into Rocket Internet’s African Ventures

After it signed an agreement with Rocket Internet to jointly develop franchises in the online sector in Latin America and Africa in a €340 million deal last August, Millicom, a global telecommunications group with mobile telephony operations in 13 countries in Latin America and Africa has invested an additional €35 million in Rocket’s operations in Africa.