Some good news first, when a company is accepted into Y Combinator, YC now invests a total of $500,000!
As it stands, we seem to be witnessing a global funding surge as large investors back high-growth tech Startups at a record rate.
Insight Partners raised $20 billion for its fund, to invest in technology and software Startups.
Andreessen Horowitz also raised $9 billion through three new funds to invest across Startups in different sectors.
Serena Williams raised $111 million for her venture capital firm Serena Ventures.
Startups in Nigeria have succeeded in raising millions of dollars in funding. Some Startups have even surpassed the 1 (one) billion dollar valuation, thus becoming unicorns.
Nigeria is Africa’s top technology hub, Nigeria has five Fintech unicorns – Tingo, Interswitch, Flutterwave, Andela and Opay – who have all attained valuations of over $1 billion.
Prior to the evolution of the Startup Bill in Nigeria, there had been quite a bit of traction in the Startup industry in Nigeria. The Nigerian Startup bill that was approved by the Federal Executive Council in Nigeria, when signed into law, should help catalyze the growth of the Startup industry in Nigeria.
Several foreign investors are taking advantage of Nigeria’s ranking as one of the leading Startup ecosystems in Africa to invest in Nigeria’s digital economy.
The Megathos Law Practice Update Reasons Why Your Startup should apply to join Y Combinator, will lead and guide you and your teams through the opportunities available in raising funds by joining an accelerator like YC.
In this update, Megathos Law Practice gives a snapshot of Reasons why your Startup should apply to join an accelerator program like YC.
To learn more about Reasons why your Startup should apply to join #YCombinator, please click on this link
