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.
South African digital banking leader TymeBank has secured $77.8 million in a pre-Series C funding round.
South African e-commerce logistics firm Pargo has secured $4 million in funding to fuel its expansion into Egypt, where it has introduced over 500 “Pargo Points” to enhance delivery options.
The funding injection will fuel Sabi’s expansion plans, enhance its technological infrastructure, and bolster its market presence across multiple African countries.
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