Briter

What has been the typical ticket size of #AgTech investments in Africa over the last decade? Our latest report shows that while deals across all ticket sizes have grown, the most frequent investments are under $250K and between $1M and $10M. Find out the factors driving this growth in the report for free: https://lnkd.in/gFNb-fyd

Investment activities across the continent can be analysed from various lenses. While year-on-year comparisons show a decline in funding, a broader look at the landscape since 2016 reveals that more markets are attracting investments. Explore the products companies are building and the instruments they use to fund these innovations on our intelligence platform: https://lnkd.in/dqUUM-Cv #Briter #intelligence #emergingmarkets #investments

🧐 Curious about the stages and different types of investment deals in #Africa? On Briter Intelligence, you can explore detailed insights into deal stages, from angel rounds to #Series B and beyond. Check it out here: https://lnkd.in/dqUUM-Cv #intelligence #data #insights #africa #emergingmarkets

🚀 We are #hiring across multiple departments: 📈 #Data and Research 📣 Branding, Comms, and #Marketing ⚙ #Management 💻 #Product 🌎 Emerging Markets Expansion Know someone who’d be a perfect fit? Tag them or share this post! 🔗 Apply here: https://lnkd.in/dxqMncR

The audacity The Economist!!! 🤪 . . . . . Jokes aside, one of the most striking realities I have witnessed over the past (almost) decade building insights and data on opportunities and business in #Africa is the degree of alienation of major brands towards the continent (brands who surely have the resources to invest, that is). What's worse is that these companies, funds, and organisations would actually be keen to enter these markets but often lack visibility into local opportunities due to internal practices that neglect the presence of information providers. Despite the work organisations like Briter and global media organisations such as The Economist do, the knowledge gap remains too vast to be able to capture the immense diversity of opportunities in these markets. The Economist is thus not wrong. More data, more awareness, more advocacy are crucial to move the needle. At Briter, we making our humble contribution. Read the article here: https://lnkd.in/dP69QiyN

🚨We are a community partner for the Latitude59 Kenya event in less than two weeks 🥳 Come learn and connect with players within the global startup scene under one roof in Nairobi 🇰🇪 🚀 Get your access pass here: https://lnkd.in/dCeEuXZJ

Briter's latest #AgBase Report, State of #agtech investment in #Africa, was published earlier last month, looking at how the sector has been attracting investment over the past decade, core verticals, type of funders, and lots more. Thank you to our friend Tom and Disrupt Africa for this piece. Read the article at: https://lnkd.in/dX5q4fRV

Our Director, David Saunders, participated in a fireside chat alongside key ecosystem players at the Africa #Tech Festival in Cape Town this week. His presentation: Boom, Bust, or New Baseline, explored six key observations from the last six years of #funding data in Africa’s #startup ecosystem, reflecting on where we stand and where we’re heading. You can download the presentation below and access all underlying data here: https://lnkd.in/dqUUM-Cv #AfricaTechFestival #AfricaTech #FinTech #Ecommerce #ClimateTech

This week Briter attended the Africa Tech Festival in Cape Town, South Africa. I joined Michael Rasugu from the World Food Programme team for a fireside chat exploring #Agtech's impact and challenges and Philani Mzila CDFA from 54 Collective and Paul Ian Masson CA(SA) from Float on the rise of #debtfinancing as an alternative funding model for #startups. My amazing colleague Thuli Montana shared insights from our project with UK South Africa Tech Hub UK-Nigeria Tech Hub UK-Kenya Tech Hub and Ventures 54 on the #gendergap in Africa's startup ecosystem. The highlight for me was getting to share insights on trends happening in the wider startup ecosystem after spending the last year deep in #AgTech with our new AgBase programme. In Briter's presentation "Boom, bust, or new baseline” we looked at six (star wars themed) observations from the last six years of funding data into Africa’s startup ecosystem to take stock of where we are at and where we are going. Our main takeaway is that the sector is consolidating and maturing (at times quite painfully). There is no longer a broad “Africa” strategy being deployed and investors behavior is increasingly reflecting this. #Venturecapital is no longer a hammer in search of nails. There are specific markets markets, sectors and business models that are venture-backable, while other markets, sectors and business models are looking to other types of financing and funders that might be more appropriate. For example, And this is showing up in the data as the share of equity funding declines and the share of debt and other innovative financing mechanisms (like blended finance, convertibles and even bonds) increases. The main risk that we are seeing during this consolidation is around the future pipeline. While the share of deals above $2m is increasing as investors look to back proven winners, deals between $500k to $2m are getting squeezed. In addition, concerns around #exits and returning capital to LPs have not gone away. Zachariah George highlighted a great point - while our data shows that exits have kept pace this year, it’s not really returning capital to investors as many of them are likely stock-based acquisitions. Something we will be looking further into over the next few weeks. Well done to Ciara McDonald Heffernan and the Informa Connect team for a great event! Access the presentation below 👇 #AfricaCom #AfricaTech #TheAISummit #AfricaIgnite #FinTech #Ecommerce #ClimateTech

Over the past decade, #Kenya has consistently been the top recipient of #AgTech investments in Africa, leading both in funding volume and the number of deals. But how have the other markets performed over time? Discover all the insights in our free State of AgTech Investment #Report: https://lnkd.in/gFNb-fyd #AgTech #Investment #Africa #AgBase #AgTech #Investment #Africa #FundingFlows #Agriculture #MarketIntelligence #StateOfAgtechInAfrica2024