September 8

Endure Capital Completes First Close of $50 Million Fund to Invest in Africa Start-Ups

By Alvin R Cabral

Endure Capital, a venture capital company focused on early stage start-ups, has completed the first close of its new $50 million fund that will be used to invest in companies in the pan-Africa region.

The fund, Endure 21, is its second early stage venture capital fund and fourth globally.

It will take a sector-agnostic approach to investing in 24 start-ups, focusing on Africa while also considering global companies, California-based Endure Capital said on Wednesday.

The fund drew participation from British International Investment (BII), Egypt’s Micro, Small and Medium Enterprise Development Agency and founders of several leading start-ups of the region, it said.

Photo courtesy of jbdodane.

Source: The National News (link opens in a new window)