This follows a highly successful first fund, Launch Africa Ventures Fund 1, which closed in March 2022 at US$36.3 million, with backing from a diverse range of investors across 40 countries.
Building on this momentum, Launch Africa Ventures is focusing its investments on startups aligned with its core principles: diverse founders, strong sectors, promising market opportunities, and broad geographic reach.
“As one of the most active pan-African investors in Africa since 2020, we are maintaining our commitment to the growing African VC and startup ecosystem by continuing to be a top-performing, value-adding and founder-friendly investor,” the company said.
Startups Receiving Investment:
South Africa:
Senegal:
Kenya:
Nigeria:
Rest of Africa
“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.
Impact investment firm Renew Capital has announced an investment in Tendo, a digital platform based in Ghana that enables people to launch their own online businesses with no upfront cost.
The British International Investment (BII) and the Nordic Development Fund (NDF) have pledged $29.5 million towards climate insurance technologies.
Blue Earth Capital has committed $25 million in private credit funding to Robust International, a company that processes and exports agricultural products like cashews and sesame seeds.
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