VC firm Atlantica Ventures raises US$50m to invest in tech and tech-enabled businesses

AFRICA – Atlantica Ventures, an Africa-focused venture capital (VC) firm, has raised a US$50 million fund that will invest in tech and tech-enabled businesses from seed stage onwards. Its new US$50 million pan-African VC fund is financed by development financial institutions, a US fund of funds, and various high net worth individuals. It has already invested in Nigerian startups Curacel and OnePipe. Primary target markets are Nigeria, Kenya, South Africa, Ghana, Ivory Coast and Tanzania, which between them represent 60 per cent of Africa’s GDP, while it is focused on…

Read More