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Oxfam Novib and Goodwell target East African startups with €20M Pepea fund

TechCrunch

Impact investor Goodwell Investments and Oxfam Novib , a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7m) fund, to provide financing to early-stage startups in Kenya, Uganda, and Ethiopia.

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Praying to the God of Valuation

Both Sides of the Table

2001–2007: THE BUILDING YEARS The dot com bubble had burst. SEEING THINGS FROM THE VC SIDE OF THE TABLE While I was a VC in 2007 & 2008 those were dead years because the market again evaporated due the the Global Financial Crisis (GFC). Until we weren’t. Nobody cared about our valuations any more.

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What is the Definition of a Seed Round or an A Round?

Both Sides of the Table

There weren’t a lot of seed funds in 2007 so this was often done by angels, funding consortia or sometimes early-stage funds that existed then (First Round Capital, True Ventures, SoftTech VC, etc.). 5 million was always the classic definition of an A-round between the late nineties (crazy financings aside) and say 2007.

VC 399
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Why You Should Put Yourself Out There and Try New Products

Both Sides of the Table

In 2007 I started using Twitter and most of my friends & colleagues wondered why people would care what I ate for lunch. I started doing SnapStorms, which are short burst of video around a certain startup or financing topic. In 2006 I started using Facebook and most of my friends & colleagues thought I was strange.

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Pngme, a financial data platform, closes $3M seed to accelerate growth in Sub-Saharan Africa

TechCrunch

Since M-Pesa’s mobile money infrastructure came into play in 2007, there has been a proliferation of fintech services ranging from wallets to savings and loans. came to East Africa in 2007 to work on philanthropic biofield projects. Founded by Brendan Playford and Cate Rung , Pngme started primarily as a lending platform in 2018.

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Sun King, a provider of solar energy products in Africa and Asia, expands Series D to $330M

TechCrunch

On a much larger scale, Sun King pointed out that since its founding in 2007 by chief executive officer Patrick Walsh and Anish Thakkar , its products have provided light and power to 95 million people throughout its African and Asian markets, including Cameroon, Mozambique, and Togo, three countries it recently expanded into.

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Brazil’s Monkey nabs $6M Series A for financial marketplace

TechCrunch

Monkey has developed what it describes as Supply Chain Finance (SCF) programs for small and medium enterprises. We actually think that what they’re doing is fundamentally different to the way that Supply Chain Finance has been done anywhere around the globe,” Whittle said. So what does that mean exactly?

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