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Tag: venture capital Africa

Digital Africa Seed Fund

Digital Africa Launches €50 Million Seed Fund for African Startups

Digital Africa Launches €50 Million Seed Fund to Support African Startups African entrepreneurs have received a major boost following the launch of the Digital Africa Seed Fund (DASF), a new €50 million (approximately US$57 million) investment fund designed to support early-stage technology startups across underserved African markets. The initiative, backed by the French government, aims…

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Nigerian drone startup investment

US Billionaire Joe Lonsdale Backs Nigerian Drone Startup with $11.8m to Boost Africa’s Security

US technology billionaire and Palantir co-founder Joe Lonsdale has led an $11.8 million investment round in Terra Industries, a Nigerian drone manufacturing startup, highlighting growing global interest in Africa’s defence and security technology sector. The funding round, announced on January 12, 2026, was led by Lonsdale’s venture capital firm 8VC, with additional backing from several…

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