Tokyo based VC Uncovered Fund launches, targets US$15m to invest in seed and Series A stage African companies

AFRICA – Uncovered Fund, a Tokyo based, venture capital fund targeting early and seed stage startups in Africa has launched with a targeted size of US$15 million and confirmed its first five investments in African tech startups. Launched in June of last year, the fund is scheduled to close at the end of June 2021, with a total size of US$15 million. The Tokyo-based outfit founded by Takuma Terakubo in 2019 will invest $50,000 to $500,000 in African startups in seed and Series A stages. Before Uncovered Fund, Terakubo was…

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