In January last year, German biotech company BioNTech acquired African AI startup Instadeep for over $ 550 million, a deal finalized in July of the same year. Instadeep, whose exit is currently the largest from Africa, has been operating under the German pharma umbrella for just over a year. Now is a good time to […]
From InstaDeep to Paystack: Here are Africa’s biggest startup exits and how much they raised
Startups globally have faced challenges over the last couple of years when trying to exit, due to factors like a frozen IPO market and reduced attractiveness to buyers. In addition, large mergers-and-acquisitions (M&A) deals have faced heightened regulatory scrutiny, particularly involving Big Tech or multi-billion-dollar conglomerates. Notably, a decline in venture investment within any startup […]