Seedstars Africa Ventures raises $30M to fund African startups

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.