The move marks a significant milestone for the region’s startup ecosystem as Antler seeks to empower aspiring entrepreneurs and drive innovation by providing essential financial support and mentorship.
The $60 million Fund is specifically earmarked to invest in early-stage startups with exceptional promise and potential across various sectors, including technology, healthcare, fintech, e-commerce, and artificial intelligence.
North Africa has increasingly gained traction as a fertile ground for startups and innovation, with many entrepreneurs tackling complex challenges and developing disruptive solutions.
With Antler’s entry into the scene, aspiring founders can now access the resources and support needed to turn their visionary ideas into reality.
Antler adopts a unique approach to investing by building companies from the ground up, providing selected founders with an initial capital injection and an immersive program that offers hands-on support, mentorship, and access to a vast global network of experts and investors.
Lucky ONE, an Egyptian fintech specializing in consumer credit, has successfully raised $3 million in a convertible bond funding round.
Seedstars Africa Ventures I, a venture capital fund dedicated to early-stage startups in Africa, has reached a landmark $42 million first close.
Kenyan mobile operator Safaricom has partnered with fintech company Pezesha to offer micro-loans to users of its Pochi La Biashara business payment service.
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