South African venture capital firm, REdimension Capital, has secured over $10 million for its inaugural fund, the REdimension Real Estate Technology and Sustainability Fund I.
The fund aims to provide much-needed financial backing and support to innovative startups and entrepreneurs with transformative solutions in the property technology sector.
The fund has been designed to address the challenges faced by the African real estate sector and to nurture cutting-edge technologies that bring about efficiency, transparency, and accessibility to the industry.
As urbanization continues to surge across the continent, there is a growing demand for smarter, more sustainable, and tech-driven solutions in the real estate sector.
Redimension Capital aims to identify and support startups and entrepreneurs who have the potential to disrupt the traditional real estate market with innovative platforms, tools, and services.
The fund will seek out companies focusing on property listing platforms, virtual property tours, property management software, innovative home solutions, and blockchain-based real estate solutions.
“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.
The Catalyst Fund, a pre-seed venture capital fund and accelerator focused on driving climate resilience innovation in Africa, today announced the successful first closing of its $40 million fund.
Mamamoni, a Nigerian fintech social enterprise dedicated to empowering low-income women, has received a €250,000 grant from the Challenge For Youth Employment (CFYE).
Saviu Ventures, a leading venture capital firm dedicated to investing in promising startups across Francophone Africa, has successfully reached the first close of its second fund, Saviu II.
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