EIB Global invests $30m in Seedstars Africa Ventures to support African startups
EIB Global, a specialized arm of the European Investment Bank (EIB), has made a $30 million equity investment in Seedstars Africa Ventures I, a venture capital fund focused on providing risk capital to innovative businesses and startups across Africa. This investment aims to support and promote innovation and digitalization in the continent, which is crucial for developing strong and sustainable economies.
Seedstars Africa Ventures secures $30m investment from EIB Global
Seedstars Africa Ventures I, created by Maxime Bouan, Tamim El Zein, and Bruce Nsereko Lule, has successfully secured a $30 million commitment from EIB Global. Seedstars Africa Ventures I is a venture capital fund that supports and invests in innovative businesses and startups in Africa. This investment will further strengthen the fund’s positioning and effectiveness in supporting portfolio companies.
Boost Africa program fully deployed with $30m EIB Global investment
The European Investment Bank (EIB) has fully deployed its Boost Africa program with a $30 million investment in Seedstars Africa Ventures I. The Boost Africa program, launched in 2016, aims to boost sustainable jobs and prosperity in Africa by providing venture capital to African entrepreneurs. The $30 million investment, backed by the European Union, will contribute to achieving this goal and supporting the growth and development of African businesses.
EIB Global backs African entrepreneurs with $30m investment in Seedstars Africa Ventures
The European Investment Bank (EIB) has made a $30 million equity investment in Seedstars Africa Ventures I, signaling its commitment to supporting African entrepreneurs. This investment will provide risk capital to innovative businesses and startups across Africa and contribute to the creation of jobs, reducing inequality, and improving the quality of life on the continent. The EIB’s investment is part of its efforts to promote innovation and digitalization, which are crucial for the development of strong and sustainable economies.
Seedstars Africa Ventures receives $30m commitment from EIB Global
Seedstars Africa Ventures I, a venture capital fund focused on supporting and investing in innovative businesses and startups across Africa, has secured a $30 million commitment from EIB Global. This investment, backed by the European Union, will enhance Seedstars Africa Ventures’ ability to support portfolio companies and attract both African and foreign investors. The fund expects to reach a first close early this year and has already completed transactions in Beacon Power Services, Poa! Internet, Shamba Pride, and Bizao. This commitment from EIB Global further validates Seedstars Africa Ventures’ investment thesis and the impact of its work across Africa.
Analyst comment
Positive news. The $30 million investment from EIB Global in Seedstars Africa Ventures will support and promote innovation and digitalization in Africa. It will contribute to the creation of jobs, reduce inequality, and improve the quality of life on the continent. The investment will strengthen Seedstars Africa Ventures’ ability to support portfolio companies and attract investors, leading to growth and development of African businesses. Overall, this investment is expected to have a positive impact on the market and contribute to the development of strong and sustainable economies in Africa.
