2022 was a good year for startups in Uganda. Startups here raised $70m across that year according to Africa: The Big Deal data. Some of the standout deals that year included Rocket Health’s $5 million Series A and Numida’s Series A. If you have followed startup funding, you will notice the use of these terminologies (Series A, Seed round or Pre-Seed). In today’s explainer, CEO East Africa will do a deep dive into the startup funding round stages. But to understand the dynamics of startup funding rounds, one needs to delve into the essence of what a startup truly means…
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