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Seedstars Africa Ventures raises $30M to fund African startups

Seedstars Africa Ventures secures $30 million investment from EIB Global, aiming to support up to 30 African startups with an $80-100 million fund.

by Mark Eisenberg
Wed, Jan 10, 2024 5:35pm
in Business
• 3 mins read
14.8k
Seedstars Africa Ventures raises M to fund African startups | FinOracle

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Seedstars Africa Ventures secures $30 million investment from EIB Global

Paris- and Nairobi-based VC firm, Seedstars Africa Ventures, has announced the closing of a $30 million capital commitment from EIB Global, an arm of the European Investment Bank. This marks the first major institutional investment for Seedstars’ first pan-African venture capital fund. EIB Global has previously backed companies like IQM and Exeger. The new investment follows an initial $8 million investment from French private equity firm LBO France, which serves as the fund’s anchor investor.

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Tags: AfricaAIARMCapital commitmentCESEcosystemEducationEgyptEntrepreneurshipEUEuropean Investment BankFranceGrowthHealthcareInnovationInvestmentInvestorKenyaMarketNairobiNigeriaOpportunitiesParisPotentialPrivate equitySECSouth AfricaStartupsVenture capital
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