There is a new investment guide for startups looking for VC to invest in their company. The new guide by the Make-IT in Africa initiative is geared towards helping the startup overcome some of the biggest hurdles they face in their quest to net a big-time VC.
The guide goes into the in-depth details of the various funding instruments available, types of investors, and multiple stages of raising fund. The guide also lists over 60 financing partners available for African startups.
The guide has been written through the collaboration of seasoned stakeholders including Victoria Ventures, Allied Crowds, and over 60 partners from the VCs finance networks and development finance institutions and foundations. All with the aim of supporting tech entrepreneurs navigate through the risky business world.
Make-IT in Africa is being implemented by the Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). As part of BMZ’s Digital Africa Initiative, the guide will be complemented by an interactive online tool for self-assessment of the tech startups and the frequency of the updates to their products.
The Make-IT in Africa initiative in a statement said: “Access to finance is one of the key challenges of African tech startups. It can be extremely difficult for young entrepreneurs to understand the concrete steps to finance their innovations, define their valuation, select the appropriate type of funding and to get an overview of the complex and rapidly changing African funding-landscape.”
