Backed by 30+ unicorn founders and institutions, Norrsken22 raises $205 million to back high-growth companies in Africa
- Norrsken22 has closed its African Tech Growth Fund at $205 million, exceeding its goal.
- The fund aims to back growth-stage startups in Africa.
- The pace of growth-stage investments in African startups has declined in 2023.
The successful closing of Norrsken22's African Tech Growth Fund demonstrates the growing interest and confidence in African startups. However, the decline in growth-stage investments in 2023 raises concerns about the availability of capital for scaling businesses. It is crucial to address this gap and ensure continued support for the African tech ecosystem.
