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.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“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.
You may also like...
Logidoo: Rising Star in African Logistics Secures $1.55 Million Seed Funding
Logidoo, a leading player in the African logistics and e-commerce space, has announced a significant seed funding boost of $1.55 million.
Kenyan Clean Cookstove Company BURN Secures $12 Million to Expand Across Africa
BURN Manufacturing, a leading Kenyan clean cookstove producer, has secured $12 million to accelerate the distribution of its clean cooking solutions across Africa.
Addis Ababa EV Startup Dodai Secures $4 Million in Series A Funding
Ethiopian electric vehicle (EV) startup Dodai has raised $4 million in its Series A funding round, marking a significant milestone for the company and the Ethiopian startup ecosystem.