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Barriers to Transitioning from Seed to Series A Financing in African Startup Ecosystems

Year: 2024

Type: article

Abstract: The African startup ecosystem has experienced a geometric increase with venture capital (VC)investments growing to 5 billion USD in 2022 as compared to 400 million USD in 2015.1 However,a large bottleneck remains; there are numerous startups who do not make it between the seed andSeries A funding stages, and this makes them stagnate and eventually fail. This paper examinesthe legal, financial and structural causes of this stagnation based on the unique nature of seed andSeries A financing in African contexts.

Source: Zenodo (CERN European Organization for Nuclear Research)

DOI: 10.5281/zenodo.16459517

Author: Uwezele, Eseose

Language: English

Topic: Private Equity and Venture Capital

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W6912235865

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