Seedstars Africa Ventures closes $30M to invest in early-stage African startups
- Seedstars Africa Ventures has closed a $30 million capital commitment from EIB Global for its pan-African venture capital fund.
- The fund targets between $80 million and $100 million and will support seed and series A startups.
- Seedstars Africa Ventures plans to invest in up to 30 startups, providing initial investments of $250K to $2 million and follow-on funding of up to $5 million.
The investment from EIB Global is a significant milestone for Seedstars Africa Ventures, as it marks the first major institutional commitment to their pan-African venture capital fund. This funding will provide much-needed capital for seed and early-stage startups in Africa, supporting their growth and development. It also demonstrates confidence in the potential of the African startup ecosystem and the opportunities it presents for investors.
