
DPI Launches New Venture Capital Arm to Support African Tech Startups
Development Partners International (DPI), a major private equity investor, has raiseda new venture capital platform aimed at supporting technology startups across Africa.
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Nairobi-based Purple Elephant Ventures (PEV), a startup studio focused on tourism, has secured an extra $500,000 to boost its seed funding round to $5 million.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.

Development Partners International (DPI), a major private equity investor, has raiseda new venture capital platform aimed at supporting technology startups across Africa.

South African biotechnology company Immobazyme, founded in 2019 as a spin-off from Stellenbosch University, has secured $1.3 million in a recent funding round.

Eleven African nations are set to receive a share of a $16.2 million project aimed at establishing National Broadband Mapping Systems.