Norrsken22, an Africa-focused venture capital firm, has secured $205 million in funding from more than 30 unicorn founders and institutions. The firm plans to use the funds for new tech investments. This comes as private equity firms are turning their attention to the Gulf region due to a drying up of fundraising. African governments, shut out of global debt markets, are resorting to local borrowing. In the first nine months of 2023, African startups raised $1.3 billion, a decrease from $2.9 billion in the same period of 2021.
In the first nine months of 2023, African startups raised just $1.3 billion, compared to $2.9 billion in the same period of 2021 https://t.co/9q9Sho4xSq
African governments shut out of global debt markets are turning to local borrowing https://t.co/0dCJlHOeiI
Investors are unsettled as funding dries up for Africa’s startup ecosystem https://t.co/9q9Sho4xSq https://t.co/89hudXGLBe
Focus: Private equity rushes to Gulf as fundraising dries up https://t.co/8wDeIJcJaJ https://t.co/HHrEFMvO1t
Private equity rushes to Gulf as fundraising dries up https://t.co/B1TfRvSuqt https://t.co/amFneYNwW8
Focus: Private equity rushes to Gulf as fundraising dries up https://t.co/frS9h9hrYW https://t.co/6wNswF7g1F
Norrsken22, an Africa-focused venture capital firm, received the backing of more than 30 unicorn founders and institutions to raise $205 million for new tech investments https://t.co/uNM34qunTQ
Norrsken22, an Africa-focused venture capital firm, received the backing of more than 30 unicorn founders and institutions to raise $205 million for new tech investments https://t.co/grl2c9Ja5Q