Africa’s venture capital firms (VCs) are increasingly taking the lead in funding rounds, marking a shift to greater local involvement in the continent’s rapidly expanding startup ecosystem.
In October 2024, Moniepoint achieved unicorn status after closing a $110 million Series C from Lagos-based Verod Capital, which joined Google’s Africa Investment Fund and Lightrock as investors.
In recent months, notable deals have highlighted how homegrown investors are backing innovation across fintech, clean energy, e-commerce, and human resource (H
