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VC4Africa Releases Its Annual Venture Finance In Africa Report

May 23, 2016May 24, 2016 Web Support

The 2016 Venture Finance in Africa research has been released by VC4Africa and it shows that growing investor interest in African startups is resulting in tangible investments. Data from the 2016 research shows that the total invested capital more than doubled from almost $27 million to almost $73 million, secured by 224 ventures who took part in the survey. The average amount invested per venture also increased from $200,000 to $326, 000. The data from the report showed that in terms of the number of ventures, ICT was leading with…

Reddit Is Raising Big Funding of $500 Million

September 8, 2014February 18, 2016 Staff Writer

Reddit, the social news site with a big Web footprint, is raising a big funding round — with help from some of the people who helped launch the site nine years ago, including co-founder Alexis Ohanian and other people associated closely with startup incubator Y Combinator. Sources said the almost-anything-goes site has reached a preliminary agreement to sell less than 10 percent of the company for more than $50 million. That could give the company a valuation of upwards of $500 million. Given investors’ new-found appetite for content companies — see:…