TLcom Capital Closes Second Fund At USD 154 M To Back African Early-Stage Startups
- TLcom Capital closes its second fund, TIDE Africa Fund II, at USD 154 million.
- Notable investors in the fund include the European Investment Bank, Visa Foundation, Bertelsmann, and AfricaGrow.
- TLcom Capital has already made investments in six companies from its new fund, including SeamlessHR, FairMoney, Zone, Vendease, ILLA, and Littlefish.
TLcom Capital's successful fundraising for its second fund demonstrates confidence in the African early-stage startup ecosystem. The participation of notable investors and the oversubscription of the fund further validate TLcom Capital's investment strategy. The firm's focus on traditional sectors and its expansion into new markets like Egypt and South Africa showcase its commitment to supporting innovation and growth in Africa.
