NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

By Ishani Chetty

Savannah Fund, a technology seed fund focused on investing in early-stage startups across sub-Saharan Africa has announced the launch of a $25-million fund. 

The investment funding secured has been led by The International Finance Corporation (IFC), a member of the World Bank Group with participation from the Women Entrepreneurs Finance Initiative (WeFi), Tim Draper of Draper Associates, Visa Forsten, co-founder of Supercell and Senegal-based Venture studios UMA also participated.