Seedstars Africa Ventures gets $30M backing from EIB Global to invest in early-stage startups
- Seedstars Africa Ventures receives $30 million capital commitment from EIB Global for its pan-African venture capital fund.
- The fund targets seed and Series A startups, bridging funding gaps and providing operational and business support.
- The VC firm plans to invest in startups addressing basic needs and tech startups, with a focus on Francophone Africa.
The investment from EIB Global is a significant milestone for Seedstars Africa Ventures, as it marks the first major institutional investment for its pan-African venture capital fund. This capital commitment will enable the firm to provide much-needed funding and support to early-stage startups in Africa, bridging the funding gap and contributing to the growth of the continent's startup ecosystem. The focus on addressing basic needs and investing in tech startups, along with the emphasis on Francophone Africa, shows a strategic approach to investing in sectors with high potential for impact and growth.
