EchoVC Partners News

African startups in Lagos, Nairobi and Cape Town don't need to chase unicorn status

African startups in Lagos, Nairobi and Cape Town don't need to chase unicorn status

In 1938, when the Nigerian author D.O. Fagunwa published his seminal work, Ògbójú Ọdẹ nínú Igbó Irúnmalẹ̀, it was the first novel ever written in the Yoruba language of southwest Nigeria.

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Nigeria's Cars45 closes $5M round to digitize Africa's used autos markets

Africa’s startup boom is moving into the used-vehicle space. Nigeria based Cars45.com raised a $5 million Series A round from the Frontier Cars Group, a holding company whose backers include Balderton Capital, EchoVC, TPG Growth, and NEA.

Mitchell Elegbe, Founder & CEO, Interswitch

Nigerian fintech company Interswitch could become Africa's first startup to IPO at $1B+ valuation

Africa’s first billion-dollar tech IPO on a major exchange may be imminent.

Mark Essien, Founder & CEO, Hotels.ng

Meet Mark Essien, Founder & CEO of Nigeria's Hotels.ng (Video)

Hotels.ng‘s CEO Mark Essien founded the Nigeria-based online hotel booking company in 2013, after completing Master’s and Bachelor’s degrees in Computer Science and Engineering in Germany.

Mark Essien (Left), Founder of Hotels.ng

Nigerian travel startup Hotels.ng wants to conquer Africa (Video)

PricewaterhouseCoopers (PwC) projects Nigeria‘s hospitality market will grow signficantly in the next five years. Online hotel booking portals are benefiting. Among such portals is hotels.ng.

Printivo founders Ibukun Oloyede, Oluyomi Ojo, and Ayodeji Adeogun. Credit: techcrunch.com

Nigeria-based Printivo wants to become the Vistaprint of Africa

Vistaprint has been around for 20 years, so if you live in the U.S. or Europe, ordering printed material online might not seem like a big deal.

Nigeria's Lagos Carnival (AP Photo/Sunday Alamba)

Nigeria's tourism opportunity can be unlocked by local online booking platforms

In economic terms Nigeria is best known as Africa’s largest economy and its number one oil producer, but unlike many other African countries, travel and tourism comes far down the list of GDP contributors.

Mark Essien, Founder, Hotels.ng

Nigeria's Hotels.ng Raises $1.2 Million

Nigeria’s leading hotel booking website, Hotels.ng, has raised $1.2 million from the Omidyar Network, the investment vehicle of eBay founder Pierre Omidyar, and EchoVC Pan-Africa Fund, a seed-stage technology fund.

Chris Folayan, a co-founder of MallforAfrica. Credit Thomas Patterson for The New York Times

Order from Amazon & Macy's in Nigeria: MallforAfrica now delivers over 120 global online retailers to Nigeria

Last year, when Tunde Adebayo needed three inflatable bouncy castles for KidzPlay, his event-planning business in Lagos, Nigeria, he turned to an online shopping service called MallforAfrica.

Konga Mall

Africa's tech start-ups of the future

Silicon Africa is gaining attention, investment, and momentum.