Bubble or nah?
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Unicorns are no longer unicorns. & $1 billion is no longer cool or any impressive again.
Really? Says who?
To the slide;
Increasing Low cost of creating tech companies, but also increasing cost of scaling as the online market bloats to 4B worldwide. Servicing a burgeoning online population comes at rising cost to justify for large late rounds…at which stage you have proven the ultimate traction. Naturally, what attracts investments upon definition of the ultimate late stage traction will undergo a shift if most of these unicorns fail after a while.
But all these hardly reflective of the Afro tech space.
If am to draw relatives, it would be from stats 1990-2000 (year of the bubble).
In Africa there’s Dominant early stage funding, but a dearth of angel investment(you are your own angel in Africa).
Moreso, I think the low cost of creating online businesses, world over, is the only reason that birth startups’ creation in Africa. Unlike in the report the same resulted in increased volume of seed rounds, but no significant change in total size of the rounds for the more matured west.
For Late stage in Africa? Well we’d say its still early days. Interswitch was acquired, wasn’t a funding. Yes?