CcHub’s Growth Capital fund raising $60m to invest across Africa

CcHub’s Growth Capital is a social innovation fund that supports high potential, early-stage businesses building next generation infrastructure. Its pilot fund has made six investments, in Nigerian startups Taeillo, LifeBank, Riby, Edves, Delivery Science and DrugStoc.

This is in addition to the 25 startups that CcHub has invested in directly via its angel fund and in-house incubation programme, and the hub is now in the process of raising a larger amount of capital in order to make investments across Africa. Chief executive officer (CEO) Bosun Tijani told Disrupt Africa the fund was currently in the process of raising US$60 million, which he hoped would be completed within the next 12 months.