As we reflect on the past year, we at GetEquity couldn’t be prouder of the incredible journey we shared. We solidified our mission to democratize access to private investment opportunities in Africa through exponential growth, impactful partnerships, and global recognition.

Let’s take a quick look at the highlights that defined our success: 

Global Recognition and Events:

We were honored to be selected for the Multichoice Accelerator Program in South Africa, a transformative experience that enriched our understanding of the industry. Additionally, our presence at Gitex Global in Dubai and our participation in the Africa Tech Forum on Venture Investment in Africa underscored our dedication to fostering global connections and contributing to the discourse on investment opportunities.

Strategic Partnerships:

As we expanded our scope of operations to include a deal portal, strategic partnerships became the cornerstone of our success. Collaborating with industry leaders such as ARM, Lagos Angel Network, and Sterling Bank opened doors to diverse investment opportunities. Our expansion into private equity, private debts, and fixed-income deals across various asset classes reflects our commitment to offering a more diverse investment portfolio.

Impressive Metrics Reflecting Our Growth:

We did numbers in 2023, which is a testament to our success.

• Number of users: We witnessed impressive growth in 2023, boasting a user base of over 13k users.
• Listed companies: 30+ listed companies
• Rounds closed: Closing 25 rounds, we facilitated connections between investors and opportunities, fostering growth for both parties.
• Capital Raised: Our community placed their trust in us, raising a total of $1.3 million.
• Equity Impact: Our commitment went beyond numbers, as we gifted equity worth $11k+.
• MOM Funding Growth: We experienced a month-over-month (MOM) funding growth of 20%.
• Investment products listed: We listed a total of 4 investment products, providing greater choice and flexibility for our users.

Venture and Investments

Portfolio composition

In 2023, GetEquity had a total of 34 companies made up of 25 closed rounds, 3 exits and 6 open rounds.

This array of startups cuts across different industries with 48.5% being fintech companies, 12% Logistics companies, 12% HR tech, 6% Health tech and others. The startups are primarily across Africa with predominant countries being Nigeria, Kenya, Tanzania, and Rwanda. 

VC Trends and Portfolio Impact

The global VC funding contracted in 2023 and the African VC space was consistent with this decline with a total funding of $2.9 billion which is 39% lower than the $4.6 billion recorded in 2022.

This consequently affected the Nigerian venture capital ecosystem as well as companies within our portfolio. In the midst of this, GetEquity provided support to portfolio companies, made introductions to other VC firms, closed rounds and saw business advancements of the startups.

Notable Portfolio Achievements include the following

	STARTUP	ACHIEVEMENTS	PERIOD
1	Mipango	1. Acceptance into Google Accelerator.2. Best New Comer Award 2023 by Global Startup Awards	April
2	Famasi	Launch of skincare brand	April
3	Sticky	Northern Star Innovation Award for 2023	April
4	Nguvu	Celebrated 2 years of business operations	May
5	Famasi	Nasdaq Spring 2023 Milestones Makers Cohort	May
6	Pade	Launch of Pade 3.0	June
7	Trade Lenda	1. Won the Go Global Awards2. Trade Lenda SME fair on 19th of August Landmark Centre VI Lagos	July
8	Sendstack	Investment of Norrsken Accelerator in the business following their participation in the program.	September
9	GreenBii	The business was selected to be part of the 12 startups to proceed to Silicon Valley for the accelerator program by FAST Accelerator.	September
10	Trade Lenda	Successfully Organised the second edition of its SME trade fair in Kwara State	November
11	Regxta	The business won two major competitions 1. Nubia Capital pitch competition of $20k investment. 2. $10k grant at the Standard Chartered Bank pitch competition in Lagos	December
12	Dropper	Announced Strategic partnership with Piggyvest	December

Given the evolution of GetEquity into a marketplace for alternative investment instruments, the business doubled down on its private raise for companies and focused on listing other alternative investment instruments such as

1. AFEX Trade notes
2. Alpha Prime Apartments (Real Estate)

In 2024, we hope to spread our wings wider. We’ve started with the Growth Deal room and we’re excited about what is to come. We remain committed to our mission of democratizing access to investment, empowering individuals, and fueling the growth of African businesses.

Thank you for being a part of our incredible journey. We wouldn’t be here without your trust and support and we look forward to serving you better this year.