Flutterwave remains the most valuable YC-backed African startup – Techpoint Africa


On January 12, Y Combinator (YC), a US seed-stage accelerator, released its YC Top Companies list. According to a statement, the list was put together to help potential employees, partners, and late-stage investors know a wider set of YC companies.

A brief overview of the list shows more than 125 YC-backed companies valued at more than $150m. For startups with $1b or more in valuation, this number reduces to 25.

Although YC has kicked against the use of valuations in judging the progress and real worth of a company, it still used the vanity metric to create the list.

“We still believe this to be the case and consistently warn our companies not to over-optimize their fundraising for a high valuation. That said, it’s the most commonly available metric to compare companies in the startup world,” the statement read.

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Since launching in 2005, YC has invested in more than 2,000 startups around the world writing $125k-$150k cheques for a 7% equity.

In 2018, the accelerator published the very



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