New Investments
Launch Africa Ventures Injects $4.3 Million into 16 African Startups
This follows a highly successful first fund, Launch Africa Ventures Fund 1, which closed in March 2022 at US$36.3 million, with backing from a diverse range of investors across 40 countries.
Building on this momentum, Launch Africa Ventures is focusing its investments on startups aligned with its core principles: diverse founders, strong sectors, promising market opportunities, and broad geographic reach.
“As one of the most active pan-African investors in Africa since 2020, we are maintaining our commitment to the growing African VC and startup ecosystem by continuing to be a top-performing, value-adding and founder-friendly investor,” the company said.
Startups Receiving Investment:
South Africa:
- Servisor (car service marketplace)
- Credit Circuit (working capital service)
- Shiprazor (logistics platform)
Senegal:
- Lengo (FMCG insights platform)
- Paps (logistics service)
- Solarbox (energy company)
Kenya:
- Logistify (inventory tracking platform)
- Octavia Carbon (direct air capture company)
Nigeria:
- Periculum (data management startup)
- Kredete (lending marketplace)
Rest of Africa
- Bosso (Zambian prop-tech)
- Zuri (DRC-based beauty startup)
- Meditect (e-health company, Ivory Coast)
- Viebeg (Rwandan e-health startup)
- Wahu! (Ghanaian e-bike venture, formerly MANA Mobility)
- An undisclosed Egyptian e-health startup
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