Browsing: African venture capital funding

AfricInvest and Cathay Innovation Finalise Final Close of €110M Pan-African Venture Fund

The Fund’s portfolio firms have also generated substantial impact at scale in recent years, reaching over 136 million Africans with inclusive and digital solutions.

For every dollar spent, more than one user on the continent benefits from the investment.

The Fund has been responsible for creating and maintaining approximately 1,400 direct employment with its current portfolio, and women make up an average of 35% of the workforce.

The Fund will support African entrepreneurs in their efforts to scale the breakthrough technologies they have developed across Africa and beyond. Additionally, the Fund will continue to support global entrepreneurs in their efforts to expand their businesses into Africa…

Uncap aims to Bridge the Funding Gap for African Entrepreneurs
  • Uncap, a platform for early-stage investment for African entrepreneurs invites start-ups to apply for up to 50,000 EUR in early-stage financing
  • Applicants must be limited liability companies in Kenya, Rwanda, Uganda, or Nigeria, have at least 12 months of revenue traction, and have a scalable business plan
  • The application period begins on July 18 and ends on September 16

Uncap, an award-winning platform designed to provide access to early-stage investment for entrepreneurs in Africa is inviting start-up enterprises to apply for the possibility of receiving between 10,000 EUR and 50,000 EUR in early-stage funding.

To be eligible for funding, applicants must be incorporated as limited liability businesses in Kenya, Rwanda, Uganda,  or Nigeria, have at least 12 months of revenue traction, well-kept company records, and a scalable business concept.

Applicants are welcome from any industry, not just tech. Uncap adheres to a “do-no-harm” principle and does not invest in firms …