The pan-African VC firm takes on an investment advisory role for the Botswana Tech Fund, which is targeting Southern Africa's undercapitalised digital economy
For startups entering South Africa’s financial or digital services space, this case is a valuable, if costly, lesson in how not to market a product — especially not to vulnerable or financially inexperienced consumers.
Investisseurs & Partenaires (I&P) realised a 2.2-fold return following its exit from pan-African education network Enko Education, the firm disclosed to Launch Base Africa.
Employees will now enjoy increased leave allowances, capped work hours (eight per day, 48 per week), and mandated overtime pay ranging from 35% to 100% depending on timing.
This revised investment model aligns Techstars more closely with the funding terms offered by other leading global accelerators, notably Y Combinator (YC).
The pan-African VC firm takes on an investment advisory role for the Botswana Tech Fund, which is targeting Southern Africa's undercapitalised digital economy
Mobility technology company reports first annual profit since going public, but auditors raise going concern doubt and Nasdaq listing remains under threat
