Paris-based Breega is the latest European VC to close an Africa-focused fund
- Africa Seed I, the Africa-focused fund of Paris-based VC firm Breega, has reached first close with $50 million in funding secured.
- Breega plans to invest between $100,000 and $2 million in at least 40 startups across several African countries.
- Breega joins TLcom Capital and Partech as major European VC firms that closed their Africa-focused funds this year.
The first close of Breega's Africa Seed I fund with $50 million in funding is a positive development for the African tech ecosystem. It shows continued interest from major European VC firms and provides much-needed support for startups in various sectors. The fund's focus on agritech, edtech, health tech, fintech, logistics, mobility, energy, and climate tech sectors aligns with the growing opportunities in these areas.
