Monday
December 16
2024

Seedstars Africa VC Fund Achieves 1st Close at $42 Million

By Tom Jackson

Seedstars Africa Ventures I, a venture capital fund making early-stage investments in scalable startups in Africa, has achieved a first close of US$42 million.

Seedstars Africa Ventures I was created by Maxime Bouan, Tamim El Zein and Bruce Nsereko Lule, in partnership with Seedstars, a global organisation that invests and supports entrepreneurs from emerging markets, and LBO France, a multi-country multi-specialist investment platform that seeded the initiative.

Source: Disrupt Africa (link opens in a new window)

Categories
Investing
Tags
scale, startups, venture capital