April 18, 2019 IBOMLLC Team

Seedstars launches a pan-African venture fund to accompany its regional strategy

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

Geneva, April 17th, 2019 – Seedstars is partnering with First Growth Ventures to launch Seedstars Africa Ventures, a sub-Saharan Africa fund targeting $100mn to make early-stage minority investments from USD 250,000 to USD 5 million in the most promising and innovative ventures across sectors and countries. The fund is expected to make its first investments by the end of this year.

The partnership between Seedstars and First Growth Ventures was announced on April 4th, 2019 at the Seedstars Summit in Lausanne. Seedstars, the preeminent startup community for emerging markets active in over 80 ecosystems, offers unrivaled deal flow, market access, and startup support programs.

With activities in over 20 sub-Saharan Africa markets and physical hubs in key countries such as South Africa, Nigeria, Ivory Coast, and Tanzania, the fund is being developed on strong foundations. The First Growth Ventures founding team brings investment and support experience covering tech startups and high growth enterprises in Africa, Europe and MENA. The partnership structure allows for independent decision making, enabling the fund to target both Seedstars accelerated start-ups and other companies.

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Read more here:: Seedstars launches a pan-African venture fund to accompany its regional strategy

      

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