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DisrupTech Ventures is an early-stage venture capital fund aiming to provide seed funding to up to 28 startups. The VC fund raised $36 million from several investors, including Development Finance Institutions, Funds-of-funds and Family offices. The investment is projected to be an important financing source for Egyptian tech companies, which often struggle to raise capital to bring their innovations to market.
Launched two years ago, DisrupTech was established to support early-stage Fintech and Fintech-enabled digital services startups focusing on Egypt. The firm adopts a hands-on approach from the beginning, partnering with talented entrepreneurs to transform their vision into reality.
Ghanaian startup Kofa, a pioneer in battery network solutions, is expanding its operations in the country through a GBP6.15 million (US$8 million) special purpose vehicle (SPV).
Canadian pre-seed venture fund Panache Ventures has joined forces with Kora, a pan-African fintech company.
Sierra Leone is taking a significant step toward digital and environmental progress by introducing its first 5G network powered by renewable energy.