Sherpa Ventures launches its debut US$1m Basecamp Fund in Africa

AFRICA – Sherpa Ventures, an American venture capital firm, has announced the launch of its debut fund dedicated to investing in pre-seed tech startups in Africa, which is backed by several notable founders and angels and has already made its first investments. Sherpa’s US$1 million Basecamp Fund will invest US$25,000-US$50,000 in startups who are usually raising less than US$500,000, and work with them over six-to-nine months before deciding to follow-on with more substantial capital. The Sherpa team, together with a community of investors that includes the likes of Twiga Foods…

Read More