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Uncovered Fund, a Tokyo-based venture capital firm, has teamed up with Japanese financial services group Monex Ventures to roll out the Uncovered Monex Africa Investment Partnership (UMAIP)—a $20 million fund designed to fuel early-stage innovation across Africa and the Middle East.

Cairo-based venture capital firm Foundation Ventures has announced the first close of its new $25 million fund, FVFII, marking a significant step toward strengthening Egypt’s entrepreneurial ecosystem.

Proparco has announced a $5 million investment in the Equator Africa Fund through its FISEA+ facility to accelerate climate-focused innovation in sub-Saharan Africa.