Digital Africa Invests in Four African Startups, Expands its Investment Portfolio Under Fuzé Initiative
Digital Africa, a leading venture capital firm, has announced strategic investments in four innovative startups across Africa, demonstrating its commitment to empowering tech solutions tailored to the continent’s economic landscape.
These exciting additions to the company’s portfolio showcase the impact of their Fuzé initiative, dedicated to bridging the funding gap for Francophone startups.
The four startups include:
1. Valorigo – a Democratic Republic of Congo-based online marketplace that simplifies access to healthcare products for consumers while boosting visibility and sales for pharmacies. Supported by IMPACT Lab and Kobo Hub, Valorigo is revolutionizing healthcare access in the region.
2. Kwely Inc. – a B2B e-commerce platform championing Made-in-Africa products. The startup aspires to become the continent’s leading B2B marketplace. By connecting African buyers and sellers globally, Kwely aims to reshape perceptions of African products and streamline cross-border trade.
3. MONSAPO – a Tunisian startup specializing in eco-friendly cleaning products, is committed to circular economy principles, catering to both individuals and professionals. Their innovative, sustainable solutions offer an eco-conscious alternative in the cleaning industry.
4. REasy – a startup empowering African SMEs with efficient and cost-effective global financial transactions. By prioritizing speed, traceability, and cost reduction, REasy simplifies payment processes for African businesses, saving them valuable time and resources.
Digital Africa’s Fuzé initiative has been instrumental in transforming funding accessibility for Francophone startups.
Backed by Proparco, Fuzé fosters opportunities, facilitates funding, and amplifies visibility for tech solutions addressing Africa’s specific economic needs.
With an investment envelope of €6.5 million, Fuzé offers ideation tickets of €20K, follow-on tickets of €30K, and cumulative tickets of €50K, catering to startups at various stages of growth.
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