Sustainability and African tech startups
This article was written by Maya Horgan Famodu – partner & founder of Ingressive Capital – and reviewed by TechCabal’s editorial team. All views are hers and not attributable to TechCabal.
Ingressive Capital is soon launching our second Africa-focused investment fund at a much larger size, and for those of us who are not going anywhere and have built lives, teams, and careers in this ecosystem, sustainability matters.
What do I mean by sustainability?
Although some foreign investors are happy to sign term sheets regardless of valuations, as prices are still better than their home market and African tech is unquestionably booming; those of us here for the long term need to ensure signed valuations match the pace of growth as well as immediate TAM (total addressable market). This is to ensure not only upticks (and no down rounds) in future rounds but increasing amounts of foreign direct investment over the years Continue reading
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