Browsing: VC funding for Africa tech space

  • Flat6Labs was one of the crucial investors that contributed to the $3 billion tech investments in 2022, and it continues to shake Africa’s tech ecosystem.
  • Ramez El-Serafy and Dina el-Shenoufy have agreed to invest in more than 160 early-stage startups over the next five years.
  • African tech startups received $3 billion in investments in 2022.

Egypt’s startup accelerator company, Flat6Labs, has announced $95 million in VC funding to boost early-stage technology startups in Africa.

Also, Read Young African investor. Sign up for Dream VC fellowship programmes.

This VC funding for tech startups will focus on three promising territories; North, West and East Africa.

Through this initiative, Flat6Labs aims to extend its reach in newer territories such as Nigeria, Ghana, Kenya, Morocco and Senegal. According to Egypt’s startup accelerator, Africa has proven its might within the tech industry producing several revolutionary companies that can change the trajectory of the tech