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TechNigeria: A weekly digest of what went down in Nigeria’s tech space

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Quite a low-key week on the Nigerian tech sector as no visible product launch made major headlines, a drastic fall from the previous week.

While, on the surface, it seemed difficult to link a factor for being responsible for the circumstance, the just concluded Muslim festivity, however, could be responsible.

Howbeit, two major news on VC launch and AfriLab‘s membership featured Nigeria.

Let’s discuss.

Africa for VC
Nigerian angel investor launches pan-African VC firm. 2 other things and a trivia

During the week, Nigerian early-stage angel investor, Olumide Soyombo, launched Voltron Capital.

The new initiative is a pan-African VC firm that will make pre-seed and seed investments in elite tech founders.

Quite impressive as the firm will look out to spotlight founders tackling critical problems in the continent’s largest markets.

A win-win for Nigeria and Africa, and we cannot but look forward to updates on the development.

READ ALSO: AfriLabs selects 24 new members in its network. 1 other thing and a trivia

AfriLabs membership 
Morocco to host Nigeria, 42 other AfriLabs member countries. See take-home for all stakeholders

Pan-African innovation hub network, AfriLabs, during the week, expanded its membership to include 24 new organs.

The membership included Nigerian hubs alongside other hubs from other African countries such as Kenya, Ghana et al.

The new addition takes the total member to 292 across 49 countries including Black Innovations Africa – Jos, Nigeria; Mentors Innovation Hub – Yola, Nigeria; Grazac – Abeokuta, Nigeria; Opolo Global Innovation – Lagos, Nigeria amongst others.

No major product launch


We couldn’t track any major launch of a new product during the week. Not a new one in Edtech, Healthtech or Cleantech.

No major equity raiser

Also, the week didn’t feature a major equity raiser by Nigerian startups and founders.

Aside being a rare case, it’s surprising especially for the influx of funds recorded by other startups and founders from other African countries.

For instance, Ivory Coast-based fintech startup, Julaya, closed a US$2 million in pre-Series A funding.

Also, Gupshup, a conversational messaging platform, secured over $200M with its latest $240 million.

Remark:

Thank you for joining us this week. That will be all. Take care and stay here for more updates.

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