Venture capital
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Why IFC Is Backing Summit Africa’s Second Private Equity Fund
The International Finance Corporation (IFC) has committed $20 million to Summit Africa’s Summit Private Equity Fund II (SPEF II), alongside a $5 million co-investment cover…
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How Chui Ventures Raised $17.3M and Beat Its Target by 73%
In a year when African venture capital hit a five-year low, with total funding sinking to $3.5 billion in 2024, Chui Ventures announced a final…
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How DEG’s Long-Term Backing Is Helping Mediterrania Capital IV Blend Profit and Purpose
In Africa’s fast-evolving private equity landscape, where returns are increasingly measured by both profit and purpose, few partnerships embody the balance as strongly as that…
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What Ventures Platform’s $64M Fund Means for Africa’s Startup Ecosystem
Ventures Platform has secured $64 million in first-close commitments for its second institutional fund, VP Pan-African Fund II, marking one of the largest early-stage VC…
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Why IFC’s $6M Bet on First Circle Matters for African Fintech
IFC is making a decisive bet on Africa’s innovation economy, committing up to $6 million to First Circle Capital. The move, announced on November 5,…
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Pyramidia’s $1.5M Funding: Boosting Climate-Smart Agritech Innovation in Africa
Kenya’s startup ecosystem continues to attract global capital, with Pyramidia Ventures securing $1.5 million to expand its climate-focused venture studio in Africa backed by Dutch…
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What Accion Ventures’ $61.6M in Fresh Capital Can Do for the World’s Unbanked
Accion Ventures believes financial exclusion is solvable, and its $61.6 million Venture Lab Fund II is the latest bold step toward a world where no…
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What the Uncovered–Monex ¥3B Fund Means for Early-Stage Innovators in Africa
Uncovered Fund and Monex Ventures are taking Japan’s venture capital beyond borders, launching a ¥3 billion ($20 million) Africa-MENA investment partnership that connects local startups…
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How TLcom’s TAPSI Fund Is Spotting Africa’s Next Breakout Tech Stars
Early-stage capital remains one of Africa’s biggest startup challenges but TLcom Capital is changing that. With half of its $5M TAPSI fund already deployed, it’s…
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Stanbic Bank Kenya Bets Big on East African Startups with $100M Fund
Stanbic Bank Kenya, the sixth-largest bank by assets in the country, is making an exceptional move by raising $100 million (KES 12.9 billion) to empower…
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