TLcom Capital closes $154 million fund for early-stage African startups
- TLcom Capital closes its TIDE Africa II fund at $154 million, surpassing its funding target after a two-year delay.
- The fund is focused on early-stage startups and is twice the size of TLcom's first fund.
- TLcom Capital plans to invest in 20-25 startups and also aims to fund female-founded tech startups.
The successful closing of TLcom Capital's TIDE Africa II fund is a positive development for the African tech ecosystem. It demonstrates investor confidence in early-stage startups and highlights the potential for great returns in the African market. TLcom's focus on funding female-founded tech startups is also commendable and contributes to promoting diversity in the industry.
