New Investments
Seedstars Africa Ventures Secures $30 Million From EIB Global to Back African Startups
Seedstars Africa Ventures, the brainchild of Maxime Bouan, Tamim El Zein, and Bruce Nsereko Lule, collaborates with global entrepreneurship supporter Seedstars and multi-specialist investment platform LBO France.
EIB Global’s contribution comes from two EU programs: €20 million from the ACP Trust Fund and €10 million from the Boost Africa initiative.
“Empowering innovation and digitalization is key to Africa’s economic future,” stated EIB Vice President Ambroise Fayolle.
Seedstars Africa Ventures, headquartered in Nairobi and Paris, welcomed the investment as a strong validation of their vision and efforts.
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