Breega Secures Initial $75M for Inaugural Africa-Focused Fund
- Breega has successfully completed fundraising for four funds: an initial seed fund of EUR 45 million, a second seed fund of EUR 110 million, a first venture fund of EUR 106 million, and a second venture fund of EUR 250 million.
- Breega has amassed a portfolio comprising over 100 startups across 15 countries, with total assets under management reaching USD 700 million.
- Breega plans to invest between USD 100,000 and USD 2 million in startups across the Big Four African markets—Nigeria, Egypt, South Africa, and Kenya—as well as Francophone African markets.
Breega's expansion into the African market with its Africa Seed I fund demonstrates the firm's commitment to diversifying its investment portfolio. With a strong track record and a significant amount of assets under management, Breega is well-positioned to make a positive impact on the African startup ecosystem.
