AsiaTechDaily - Asia's Leading Tech and Startup Media Platform
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • login
No Result
View All Result
AsiaTechDaily - Asia's Leading Tech and Startup Media Platform
No Result
View All Result
Home More Events

StartupCon 2019 – Funding Trend in Africa – By Ingressive Capital

 1,095 total views,  1 views today

Be one of the first to comment
AsiaTechDaily Writer by AsiaTechDaily Writer
PUBLISHED: October 25, 2019 UPDATED: October 27, 2019
in Events
0
Ingressive Capital
31
SHARES
Share on FacebookShare on Twitter
Bookmark(0)

Please login to bookmark

No account yet? Register

Here is an insightful deep-dive session by Ingressive Capital on the funding trend in Africa at the StartupCon 2019.

Ingressive capital is a leading seed-stage VC which helps to fund the next upcoming African innovators.

“In addition to being one of the few active seed-stage VCs in the region, Ingressive Capital (IC) leverages its global network to assist with growth and scale. They plug startups into new major clients, new investors, talent, and provide financial support. 

Through IC’s network of limited partners (investors in their fund) including those who runs Y Combinator, Techstars, WTI and over 10 other top funds and accelerators, they help companies get follow-on funding from abroad. 

Their sister company, Ingressive LLC, serves top international tech businesses and investment funds seeking to enter and operate across Sub-Saharan Africa, or support / acquire local startups. 

Ingressive has served more than 50 global firms and investors who have gone on to make over 30 investments in the region. Ingressive LLC also holds a network of technical talent including 10,000 developers and designers. This work is leveraged to support portfolio companies as well.”

The Opportunity Assessment 

Ingressive Capital invests in regions that benefit from peaceful political transitions, government-backed connectivity initiatives, and increasingly business-friendly regulations and tax incentives. 

Africa holds more mobile users than the US and UK combined at 650 million. Sub-Saharan Africa anticipates mobile penetration to reach 93% by 2020. Africa holds the world’s fastest-growing middle class with consumer spending set to hit $1.4 trillion by 2020.

Ingressive Capital

3 of the world’s fastest-growing economies by GDP,  youngest consumer demographics with an estimated 41% of its 1.2 billion people under 15 years; and 75% of the population under 35 years. 

Funding History – At A Glance 

  • In the year 2016, there was funding of around USD 120 9.1 million into 146 companies
  • In the year 2017, USD 560 million was pumped into 124 companies
  • 2018 marked the investment value crossing a billion dollars. USD 1.92 billion was pumped into 454 companies.

Some globally famous VCs are tapping the potential of the African startup ecosystem. It includes Andreessen Horowitz, Social Capital, Greatcroft, Partech Venture, Google Developers Launchpad, Facebook, Tiger Global, CAA, TPG, IFC, WTI, and many more.

Ecosystem News

  • Uber buys Careem for $3.1 Billion
  • Nigeria’s Jumia lists on the New York Stock Exchange
  • New exit opportunities come to light in local markets as we observe successful listings in local markets; MTN Nigeria Communication Ltd. listed in May 2019 reaching a valuation of $5.54 billion within the first 20 mins of trading indicating increased local investor engagement 
  • Nigeria’s fintech, Interswitch, to plans dual listing in Nigeria and on the London Stock Exchange with an anticipated $1.5 Billion valuation
  • Egypt’s fintech, Fawry, launched on Egyptian Stock Exchange and were oversubscribed 30x
  • Match Group, the parent company of Tinder has acquired Harmonica, an Egyptian dating app focused on the Muslim demographics
  • Mobile phone tower operator, Helios Towers is reportedly reviving plans for an initial public offering. It is considering filing for the share sale sometime this year at a possible valuation of US$3 billion
  • Top players in the transportation space recently raised significant funding: ○ Gokada -raised $5.3m backed by Yamaha ○ ORide – raised $50m backed by Chinese funds, Sequoia China, Source code capital, etc.
  • Max.ng- raised $7m backed by Adventure Capital 

Ingressive Capital – Launch And Activities

Ingressive was launched in 2015 to drive funding, mentorship and tech resources to Sub-Saharan Africa. 50+ clients to date having done 30+ deals in West Africa.

Ingressive Capital

In 2017, with many of the clients and partners from Ingressive, Ingressive Capital was launched. It was established as a fund to provide the portfolio companies with access to international accelerators, incubators and growth funds through LP base.

Below is what Ingressive Capital has to offer:

  • Democratized Funding – Access via an online application, origination partners, and Ingressive community initiatives
  • Biz Dev & Partnerships – Through Ingressive initiatives and their investor network, proven access for founders
  • Follow-on Funding – Their limited partners and advisors run top global incubators, accelerators, and funds
  • Talent – Community of over 10,000 developers and designers and growing

Team members 

Good teamwork is necessary everywhere. The Ingressive team includes:

  • Managing partner Maya Famodu
  • Venture partner Yacob Berhane
  • Venture partner William Senyo
  • Project manager Umen Umemakpan 
  • Analyst Funmi Aliyu
  • MBA operator consultant Achenyo Otiga
What's your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: African innovatorsAfrican startup ecosystemBiz Dev & PartnershipsDemocratized FundingFollow-on FundingfundingFunding trend in AfricaIngressive CapitalmentorshipStartupCon 2019Stock ExchangeSub-Saharan Africatech resources

Related Posts

#AsiaRocks Brings Together APAC’s Ecosystem Players In Discussion of Funding Scene under COVID and of Global Talent Planning
Events

#AsiaRocks Brings Together APAC’s Ecosystem Players In Discussion of Funding Scene under COVID and of Global Talent Planning

November 30, 2020
Open Up Summit 2020
Events

Open UP Summit 2020 will showcase the variety of open source projects and products worldwide

September 10, 2020
The Ministry of Economy, South Korea, and Finance-Korea Startup Forum will host the 3rd Digital Economy Forum 2020 online on September 11, 2020.
Ecosystem

South Korean Ministry of Economy and Finance And Korea Startup Forum To Organize Virtual ‘Digital Economy Forum 2020 (DEF2020)’ On September 11, 2020

September 9, 2020
The Founder Institute Asia
Accelerator

Applications open for the Asia chapter of Silicon Valley-based Founder Institute

August 10, 2020
JUMPSTARTER 2021
Ecosystem

Alibaba Entrepreneurs Fund launches JUMPSTARTER 2021 Global Pitch Competition

August 3, 2020
COMEUP 2020
Events

COMEUP 2020 – South Korea’s Largest Startup Event Invites Startups For Virtual Pitches

July 28, 2020
0 0 vote
Article Rating
Subscribe
Login
Notify of
Please login to comment
7 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

FREE NEWSLETTER

No Result
View All Result

TRENDING POSTS

  • Art Shaikh, Founder and CEO of CircleIt- A Virtual Time Capsule Right At Your Fingertips!

     8,010 total views,  9 views today

  • How Max Chizhov, Co-Founder And CEO Of iFarm Raised $4M To Build An Indoor Farming Solution Provider In Today’s Urban Environment?

     4,667 total views,  16 views today

  • Vietnamese e-commerce startup Lozi secures new round of financing led by Vulpes Investment Management

     4,101 total views,  6 views today

  • How Mathijs Eefting, Co-Founder And CEO Of Moteefe Raised $25M To Build An E-Commerce Platform Providing Infrastructure, Customization, And Global Fulfillment For 5000+ Retailers?

     3,574 total views,  19 views today

  • Egor Melnikov, Founder And CEO OF ARNA Genomics – On A Mission To Save Lives From Cancer By Developing Innovative Fluid Biopsy Technologies

     3,444 total views,  9 views today

  • Andrew Luong, CEO and Co-Founder of Doorvest- Own High-Yield Rental Homes Entirely Online!

     3,239 total views,  14 views today

  • How David Eberle, Co-Founder And CEO At Typewise Raised $1M To Build A Next Generation Smartphone Keyboard?

     3,151 total views,  6 views today

  • How Yoyo Chang, Co-Founder, CEO and President at KodyPay Raised $2.3M To Revolutionise Payment Experiences?

     3,014 total views,  10 views today

  • Indian Startup Ecosystem – Exclusive Year End Analysis – 2020 – All You Need To Know!

     2,963 total views,  5 views today

  • Sean O’Sullivan, Founder And Managing Partner Of SOSV – A Global Venture Capital Firm With 1000+ Portfolio Companies And $800M+ Assets Under Management

     3,178 total views,  10 views today

COUNTRIES

  •  Australia
  •  Austria
  •  Bhutan
  •  Brunei
  •  Bulgaria
  •  Cambodia
  •  Canada
  •  China
  •  Dubai
  •  Europe
  •  Finland
  •  France
  •  Germany
  •  Hong Kong
  •  India
  •  Indonesia
  •  Ireland
  •  Israel
  •  Japan
  •  Lithuania
  •  Malaysia
  •  Mexico
  •  Myanmar
  •  Nepal
  •  Netherlands
  •  New Zealand
  •  Norway
  •  Philippines
  •  Poland
  •  Qatar
  •  Russia
  •  Singapore
  •  South Korea
  •  Sweden
  •  Switzerland
  •  Taiwan
  •  Thailand
  •  Turkey
  •  Ukraine
  •  United Kingdom
  •  United States
  •  Vietnam

More from our network


  • ktd

  • atd

  • itd

  • ktt

  • kgd

  • kpp

  • ktp

  • kpoppost

  • ustechtimes

Copyright © 2020 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : press@asiatechdaily.com |

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2020 AsiaTechDaily.com| About Us | Seed acceleratorTerms of Use| Privacy Policy| Cookie Policy Contact : press@asiatechdaily.com |

wpDiscuz
7
0
Would love your thoughts, please comment.x
()
x
| Reply