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The continent   startups are not alone in their fundraising struggles. Canadian startups have been fighting to raise money, as have companies in India and af1  the rest of the world.But there   an interesting trend here: While it   true that venture capitalists are holding on to their checkbooks around the world, it appears not every region is fighting equally hard. Mature venture markets like the United States and Europe are seeing less total ventur air force 1 e investment, yes, but they are still far from reaching the kind of decline in funding that would make  nike air jordan us worry if there   enough capital in the market to fund a material sector.The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.This morning, we re exploring Q3 2023 venture capital data from Africa, considering both investments and exits, and we ;ll close with a look at the bright spots in the collected figures. The resulting picture i Cght Human Interest raises $200M at a $1B valuation plans for an IPO
The company plans to sell 184 million shares between $6.25-$8.25. That range would yield a total raise of聽$1.518 billion, which is down from the initial target of $1.8 billion from the firm salomons    first filing in August. The range is, of course, subject to change and it doesn ;t include income from the green shoe option   which allows underwriters to take an additional allocation of shares   but nevertheless, it is a notable development.Nio also revealed in i new balance damen ts newest filing that its existing investors have committed to investing $250 million into the IPO which, at the middle of the range, would account for 22 percent of the allocation.There are plenty of possible explanation as to why Nio has cut its overall fundraise estimate.The most fundamental may be around sales. The company has only just begun to generate revenue. It聽opened sales for its ES8 vehicle last year聽but it only began shipping in June. So, thus far, it has fulfilled just聽481  reebok orders but it does claims t