Early-stage African VC firm, Microtraction reports portfolio boom despite the weight of COVID-19 – ProWellTech
In a year marked by the coronavirus pandemic, it appears that early-stage startups on the African continent are continuing to see substantial growth, both in terms of business and by investors looking to back them.
Micro-rotation , an early-stage venture capital firm based in Lagos, Nigeria, saw funding nearly quadruple their portfolio.
In a review of the year published last week, the company noted that 21 companies in its portfolio raised over $ 33 million in funding. This represents nearly quadruple growth from a year ago when his portfolio raised $ 6 million (and just $ 3 million ...