Kenya-based Savannah Fund launches US$25m Africa tech seed fund

KENYA – Seed capital fund Savannah Fund, has announced a US$25 million fund that will invest in early-stage startups across Sub-Saharan Africa with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors.  Savannah Fund is one of the earliest Sub-Saharan Africa-focused tech venture capital firms, starting its investment activities in 2012 when it launched its first accelerator programme in Kenya.   In 2016 and led by Mbwana Alliy and Paul Bragie, it transitioned completely to seed and Series A investments, and has to date invested in 31 companies across…

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Proparco, Digital Africa launch support fund for African start-ups impacted by Covid-19

AFRICA – Proparco, a French private investor, has partnered with Digital Africa, a multi-platform documentary project, to launch Bridge Fund, their support fund for African start-ups impacted in their development by Covid-19. The Bridge Fund is a co-investment worth €5 million (US$5.9m). It was designed to meet the financing needs of African start-ups whose economic impacts have caused the cancellation or delay in fundraising. To be eligible for the Bridge Fund, candidate innovative tech companies will have to prove that they have been in existence for at least 18 months…

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