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.
Thndr is a digital investment platform that allows users to invest in stocks, bonds, and funds in the Middle East through its mobile-based and low-commission digital stock brokerage.
PBR Life Sciences, a healthcare data analytics company supported by Techstars, has successfully raised $1 million in pre-seed funding.
The Bill & Melinda Gates Foundation has announced that it will fund 29 healthcare supply chain startups in Africa.
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