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Venture CapitalTechstars Lagos shuts down Last week, Techstars, one of the worlds most active accelerators shutdown Techstars Lagos . Launched in 2022 in partnership with ARM Labs, Techstars Lagos aimed to support and accelerate the growth of early-stage technology startups in Nigeria.
It invested 2.4 million across 24 companies including CDCare, Jump n Pass, and GetEquity, with each startup receiving up to 120,000 in funding.
Despite its modest pace of dealmaking, its calling a close to its time in Lagos. Depending on who you speak to, there are two theories for why Techstars Lagos is closing. The first is that its partnership with ARM abruptly ended. It is unclear what the terms of the partnership were so this theory is a little shaky.