The seaon of harvest is very near in Africa's Startup Ecosystem
The season of harvest is very near and it has already started: "In a recent Disrupt Africa report, African Fintech startup space recorded a significant twenty-six (26) startup acquisitions between June 2021 and July 2023, up 270% from 7 in 2019-2021." Tekedia Capital exited an insurtech during this cycle.
We posit that mergers and acquisitions will remain a solid vehicle for exits in the continent, as some category-king companies try to consolidate for eventual IPOs. These exits can deliver 7x-10x within 2-3 years, and investors can build into those playbooks.
Good People, it will rain - abundance in the future.
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