Funding has plunged to an eight-year low, shutdowns are mounting, and commercial VCs are nowhere to be seen. Inside the sector’s grant-dependency crisis.
In a market increasingly measured by billions of dollars in announced capital, the quality of the evidence behind those billions matters as much as the headline number.
A little over a year ago, Moniepoint pushed back publicly against a Launch Base Africa report detailing heavy losses at its newly launched UK operation, calling the figures overstated.
Oversubscribed final close above $75m target highlights early-stage resilience as international investors weigh macroeconomic volatility against long-term demographic bets.
Funding has plunged to an eight-year low, shutdowns are mounting, and commercial VCs are nowhere to be seen. Inside the sector’s grant-dependency crisis.
