African startup funding has been a challenge for years, but emerging markets startup competition Seedstars is doing something about it with a fund dedicated to supporting seed-stage companies.
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Seedstars brings together the best tech startup talent from around the world, with a special focus on emerging economies.
Competitions take place in each participating country and the winner gets to pitch to global investors at the Seedstars World competition.
Since the competition launched in 2013, Seedstars has invested $50,000 to $500,000 in 40 African companies, Ventureburn reports.
The $100-million fund in Africa is Seedstars’ first such regional fund, and the organization expects to participate in and lead Series-A and -B funding rounds throughout the continent.
The announcement was made at the Seedstars World Summit at the SwissTech Convention Centre in Lausanne, Switzerland in Click here to read entire article