Launch Africa Ventures, an early-stage investment company, has made 133 investments through its first fund and has now invested US$4.3 million in 16 startups from across the continent as part of its second fund.
This company was first introduced in July 2020 by Zachariah George and Janade du Plessis, with chairperson Margaret O’Connor on the board. Launch Africa Ventures closed its inaugural fund, Launch Africa Ventures Fund 1, in March 2022 at US$36.3 million, with investments from 238 retail and institutional investors in 40 countries.
As it continues to invest, grow and scale the continent’s top technology-driven ventures to become market leaders in their respective industries,” Launch Africa Companies says it will do so with Fund II.
Read also: Lagos Allocates N1bn Seed Fund for Startups
RelatedPosts
Launch Africa Ventures Unlocking Potentials
Being one of the most active pan-African investors in Africa since 2020, they are maintaining their commitment to the growing African VC and startup environment by continuing to be a top-performing, value-adding and founder-friendly investor.
The second fund of Launch Africa Ventures has advanced significantly in its investing approach, allocating $4.3 million to 16 entrepreneurs with outstanding potential spread across 11 African nations.
It has a strict investment concept, which prioritises founder diversity, sector strength, market potential, and geographical coverage, guiding the careful selection of these firms.
Investing in these market-leading possibilities encourages innovation and growth in vital industries, economic development and job creation throughout the continent.
The fund’s broad portfolio, which includes investments in eleven nations, demonstrates its dedication to helping African entrepreneurs and startups reach their full potential.
With this investment, Launch Africa Ventures is reinforcing its position as a leading player in the African startup ecosystem, providing critical funding and support to startups poised to make a meaningful impact on the continent’s economic landscape.
Read also: Empowering South African Startups: Apply Now for develoPPP Ventures
Startups Across Africa Receive Investment Boost
Of all the startups, three of them are from South Africa, namely, car service marketplace Servisor, working capital service Credit Circuit, and logistics platform Shiprazor, and another three from Senegal – FMCG insights platform Lengo, logistics service Paps and energy company Solarbox.
Two are based in Kenya (the inventory tracking platform Logistify and the direct air capture company Octavia Carbon), while the other two are based in Nigeria (the loan marketplace Kredete and the data management startup Periculum).
The remaining investments are in the prop-tech firm Bosso from Zambia, the beauty startup Zuri from the Democratic Republic of the Congo, the e-health startup Viebeg from Rwanda, the e-bike company Wahu! from Ghana, the e-health startup Meditect from Ivory Coast, and an Egyptian e-health startup.