This behaviour could change soon. According to industry insiders, a number of domestic private equity companies are planning to lower their minimum funding amount so they can invest in startups. At an event in December, a partner at a major PE company confirmed this development to me but did not go into specifics.
Read more from source article: https://techcabal.com/2020/03/24/in-africa-private-equity-firms-are-reducing-their-funding-sizes-to-target-startups/
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