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EIB Global has made a US$30 million equity investment in Seedstars Africa Ventures I, a venture capital fund aimed at providing risk capital to innovative businesses and startups across Africa. Seedstars Africa Ventures I was created by Maxime Bouan, Tamim El Zein and Bruce Nsereko Lule, in…
You’re a founder looking for venture capital in Africa – how do you do it? Is it worth the cold email, filling out the contact form on the VC’s homepage, or is it more about who you know, or whether you’ve been profiled by Disrupt Africa? Well, it’s a bit of all of that, apparently.…
Venture capital funding has declined significantly across the world in 2023, and though there were initial hopes that the nascency of the African tech ecosystem might mean it avoided too much damage, the growing size of the continent’s “startup graveyard” suggests that is not the case. Venture…
The South Africa-based E4E Africa, an entrepreneur-driven venture capital fund, has announced the first close of its US$30 million E4E Africa Fund II. Launched in July 2020 with backing from the SA SME Fund, E4E Africa made 11 investments from its first fund, in startups such as insurtech…