The Empower Africa Business Platform is Now Live !!!
The fund will focus on startups in a number of sectors, including fintech, agritech and edtech.
The fund will be managed by Black Ostrich Ventures’ team of experienced investors, who have a proven track record of investing in and supporting early-stage startups in Africa.
“If you look at the capital inflows into VC in Africa, the Big Four countries—Nigeria, South Africa, Egypt, and Kenya—attract all the capital. But most exits do not happen in these markets,” says Ajani Windsor-Areago, General Partner of Black Ostrich Ventures.
The Black Ostrich Ventures Africa Fund is part of a growing trend of venture capital investment in Africa.
In recent years, there has been a surge of interest in African startups from investors around the world.
The launch of the Black Ostrich Ventures Africa Fund is a positive sign for the African startup ecosystem.
The fund will provide much-needed capital to early-stage startups, and it will help to accelerate the growth of the ecosystem.
South African recruitment startup JOBJACK has announced securing S$2.5 million in pre-Series A funding to revolutionize the entry-level recruitment process in the country.
Bootstrap Europe, a Luxembourg-based growth debt fund, is set to expand its operations into Africa.
Gather Ventures, a firm founded by Kenyan-born Jo Opot, has launched a climate-focused investment fund aimed at supporting women-led startups across Africa. The fund is financially supported by Rihanna’s Clara Lionel Foundation.