This marks a new chapter in their mission to empower impactful startups across Sub-Saharan Africa.
Building on the success of their first fund, which backed prominent names like insurtech Pineapple and home services platform SweepSouth, E4E Africa continues its focus on high-potential businesses driving positive change.
Their expertise lies in fintech, education, job tech, e-health, and energy solutions, where they seek out exceptional entrepreneurial teams building scalable ventures.
E4E Africa’s commitment to founder-centric support goes beyond capital. They leverage their extensive network of experienced entrepreneurs to provide valuable guidance and mentorship, creating a nurturing environment for startups to thrive.
Fund II has already invested in three promising companies: Kwara, a Kenyan core banking platform, TUNL, a South African tech-enabled export shipping provider, and a disruptive player reshaping Kenya’s embedded finance landscape.
“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.
Mastercard has announced a $2.04 million investment in a partnership with Wowzi, Africa’s leading influencer marketing platform, and Masria Digital Payments (MDP) to empower African creators.
The KawiSafi Fund is set to receive a significant boost of $10 million from the African Development Bank Group (AfDB) to support climate-focused businesses in Africa.
BasiGo, a Kenyan electric mobility company, has secured KSh396 million ($3 million) in equity funding from CFAO Group.
© 2021 Empower Africa. All rights reserved.