European VC Firm Announces Huge Africa Fund
- Breega announced the launch of its first African fund, 'Breega Africa Seed I,' with the goal of becoming a leading early-stage investor in African start-ups.
- The fund, worth $75 million, will target regions with varying technological maturity and startup ecosystem strength in Africa.
- Breega has expanded its footprint in Africa with new offices in Lagos, Nigeria, and Cape Town, South Africa, to support the management of the fund.
The launch of Breega's African fund demonstrates the company's commitment to expanding its presence in the African market. With its successful track record in Europe, Breega aims to leverage its expertise and resources to support and invest in African start-ups. This move has the potential to contribute to the growth and development of the African tech ecosystem.
