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venture capital

A collection of 13 posts

Why SoftBank Vision Fund Deserve Africa’s Applause

venture capital

Why SoftBank Vision Fund Deserve Africa’s Applause

Africa has seen a rise in venture capital investment as well, from $277 million in 2015 to $4.8 billion in 2021. That expansion has been powered by partnerships between international firms (Y Combinator, Tiger Global, SoftBank Vision Fund, Visa) and local investors (TLcom Capital, CRE Ventures, Future Africa, Kepple

Cathay Innovation Partners AfricInvest as it Complete Final Close of $112M Pan-African Venture Fund

Cathay Innovation Partners AfricInvest as it Complete Final Close of $112M Pan-African Venture Fund

Cathay Innovation, a global venture capital firm, and AfricInvest, a top multi-asset investment platform in Africa, have achieved the final closure of their combined Pan-African Venture Fund, Cathay AfricInvest Innovation Fund [CAIF], at $112M. The fund is supported by Limited Partners including EIB, AfricaGrow, FMO, Bpifrance, Triodos Investment Management, Proparco,

Anava Fund of Funds Injects $5.2M into Silicon Badia’s BIF2

Anava Fund of Funds

Anava Fund of Funds Injects $5.2M into Silicon Badia’s BIF2

Anava Fund of Funds, managed by Tunisia-based Smart Capital, has committed $5.2 million to the Badia Impact Squared Fund (BIF2), a venture capital fund managed by Silicon Badia, a pioneering venture capital firm that invests in early-stage and growth-stage technology firms operating globally. The Tunisia-based investment body has a

TLcom Capital Appoints Eloho Omame As Partner to Back More Pre-seed and Female-led Startups

TLcom Capital Appoints Eloho Omame As Partner to Back More Pre-seed and Female-led Startups

TLcom Capital, an Africa-focused venture capital firm, has announced the appointment of Eloho Omame, the Co-Founder & General Partner at FirstCheck Africa as a partner to facilitate its deployment of TIDE Africa Fund II its new $150 million pan-African tech fund. Eloho, a Co-Founder and General Partner at FirstCheck Africa, a

Constant Ventures launches $100M fund to invest in West African Startups

venture capital

Constant Ventures launches $100M fund to invest in West African Startups

Constant Ventures, a part of the Constant Group is raising a $100 million venture capital fund to invest across a range of technology start-ups with a focus on financial inclusion, education and healthcare. Investee companies will initially be located across Nigeria and Ghana, with the fund set to target the

Tunisia-based 216 Capital Ventures secures $6.4M to Invest in Startups

216 Capital Ventures

Tunisia-based 216 Capital Ventures secures $6.4M to Invest in Startups

Tunisia-based Venture Capital firm, 216 Capital Ventures has secured $6.4 million through subscription from Smart Capital, the management company of the ANAVA Fund -whose Fund of Funds has a target size of about $200M, and aims to invest in more than 13+ startups at each stage of development (Seed

Swiss-based Crypto Valley VC launches Fund for African Blockchain Startups

Swiss-based Crypto Valley VC launches Fund for African Blockchain Startups

Crypto Valley Venture Capital (CVVC), a Switzerland-based VC firm has launched an Africa-focused early-stage fund to back blockchain startups in the continent. This was disclosed by the investor on Monday at the Blockchain Hub adjacent to the World Economic Forum in Davos, Switzerland. CV VC is an early-stage venture capital

Interswitch Secures $110 Million in Investment from LeapFrog and Tana Africa Capital

Interswitch Secures $110 Million in Investment from LeapFrog and Tana Africa Capital

Africa’s payment company, Interswitch, has raised $110 million in investment from LeapFrog Investments and Tana Africa Capital. The investment will boost Interswitch’s plans to expand the digital payments ecosystem across sub-Saharan Africa. A portion of the investment has been acquired from existing shareholders, with Ignite Holdco Limited, made

rali_cap launches $30M fintech fund for startups in emerging markets

rali_cap launches $30M fintech fund for startups in emerging markets

Emerging markets focused early-stage venture capital firm, Rali_cap, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first close of $20 million (its initial target) before increasing the fund size, signalling a strong LP appetite. The fund which first started

Techstars Accelerator comes to Lagos

Techstars Accelerator comes to Lagos

Techstars, one of the most influential accelerators in Africa has announced the ARM Labs Lagos Techstars Accelerator for early-stage fintech and proptech startups across the continent. The ARM Labs Lagos Techstars Accelerator will receive applications this June through August. Up to 12 startups will be selected on an annual basis

Moroccan Al Mada launches $109.5 million VC fund for African Startups

Moroccan Al Mada launches $109.5 million VC fund for African Startups

Morocco’s Al Mada Holding Group, an investment firm managed by the Moroccan royal family has announced the launch of pan-African venture capital to invest in fast-growing startups on the continent. With a budget of $109.5 million – this is the largest venture capital fund with African funding – the Al

VC Corner: How Dream VC plans to bridge the talent gap in the African Venture Capital Space

venture capital

VC Corner: How Dream VC plans to bridge the talent gap in the African Venture Capital Space

In the past two years following the pandemic, Venture Capital funding available for startups has seen an increase. According to reports, startups in Africa collectively raised over $4.3 billion in various funding rounds in 2021. A deeper look into this figure and the ones of previous years will reveal

Four African startups to participate in the 10th Fintech cohort of the Catalyst Fund

Four African startups to participate in the 10th Fintech cohort of the Catalyst Fund

Four African startups have been selected to participate in the 10th fintech cohort of the Catalyst Fund, a global inclusive tech accelerator managed by BFA Capital. The African startups in the program include AquaRech, ColdHubs, TopUp Mama, Tulix, and two other startups, Koltin and Mujer Financiera, from Mexico and Argentina,