Thursday
January 27
2022

TLcom Capital Raises $70 Million to Back African Tech Startups

TLcom Capital, a venture capital firm, says it has secured $70 million for its $150 million fund to invest in African tech-enabled businesses.

The firm announced this in a statement on Thursday.

With its new fund, TLcom said it will add an additional 20 early-stage startups across Africa to its portfolio with an emphasis on seed and Series A stages.

It added that it would target entrepreneurs tackling some of the continent’s most complex challenges in sectors, including fintech, mobility, agriculture, healthcare, education and e-commerce.

Photo courtesy of Angelo Moleele.

Source: The Cable (link opens in a new window)

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Investing
Tags
e-commerce, education, entrepreneurs, entrepreneurship, fintech, funding, healthcare, impact investing, mobility, startups, tech