The investment will be split into two components, with AfDB providing €5 million directly as equity, while an additional €2.5 million will be deployed as a junior tranche backed by the European Commission under the Boost Africa Initiative.

This program is designed to channel capital into young, high-potential businesses and close the funding gap that often affects startups at their earliest stages.

Breega Africa Seed I is an early-stage venture capital fund launched to support technology-driven companies from seed to Series A stages.

It targets startups with strong growth potential and aims to play a catalytic role in scaling Africa’s innovation ecosystem by providing both funding and operational support.

The fund will invest across a wide range of sectors where digital innovation can improve access to essential services.

These include financial technology, insurance, agriculture, healthcare, logistics, education, and climate-focused solutions.

Such sectors are closely aligned with broader development priorities, particularly in expanding access to services like finance, healthcare, and education for underserved populations.

Geographically, the fund will concentrate on some of Africa’s most active startup ecosystems. These include Nigeria, South Africa, Kenya, and Egypt, alongside several Francophone African markets.

These regions have emerged as key hubs for venture-backed innovation and continue to attract a growing share of investment into the continent’s technology sector.

The Boost Africa Initiative, through which part of the funding is being deployed, is a joint effort aimed at supporting entrepreneurship, creating jobs, and strengthening the venture capital landscape in Africa.

It focuses particularly on addressing early-stage financing challenges and enabling startups to develop scalable solutions that contribute to economic growth.