There is good news for Nigerians as electricity is slowly being restored to many parts of the country. Just as power is making a comeback to several cities, there might soon be a return of lush VC funding on the continent.
The funding raised by startups this year has already surpassed the total funds raised in each of 2019 and 2020. Also, startup funding figures for the third quarter of 2024 are on par with the third quarter of 2023 and above the totals for the past three quarters.
While its too early to say for certain, investors are hopeful for a return to increased dealmaking on the continent.
- Moove enters Mexico
- GITEX day two There is a lot of education to go round
- Mr Tijani goes to Abuja
- The World Wide Web3
- Opportunities
One month after entering the U.S. market , Moove, an Uber-backed mobility startup that provides vehicle financing for gig drivers, has expanded into Mexico .
While the startup announced on LinkedIn yesterday that it delivered the first set of vehicles to drivers in Mexico, the move has been in the works for a while. Four months ago, the company listed a job on LinkedIn for an Onboarding Manager in Mexico who would be responsible for selling its car financing options to drivers.
