Al Mada Ventures, the $110M fund for Africans by Africans
- Al Mada Holding Group launches venture capital firm spin-out, Al Mada Ventures (AMV), with a capital pool of $110 million.
- AMV aims to address the gap in growth-stage investing in Africa by utilizing capital sourced exclusively from Africa.
- The firm plans to build a portfolio of about 20 companies and focus on sectors such as financial services, health, logistics, renewable energy, mining, distribution, retail, education, and telecom.
The launch of Al Mada Ventures is a significant development for Africa's venture capital ecosystem. By focusing on growth-stage investing and utilizing capital sourced exclusively from Africa, AMV aims to address the funding gap in the region. This approach has the potential to attract more local and international corporates to invest in African entrepreneurs and contribute to the development of the continent's startup ecosystem.
