African tech startups can tap millions of dollars from new funds launched in 2019

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African tech startups can tap millions of dollars from new funds launched in 2019

While Africa’s venture capital (VC) sector remains small, there might be something to smile about for tech startups that operate on the continent.

More than 20 new VC funds that aim to invest in African tech startups were launched this year. The total capital that will be available to startups from these funds runs into hundreds of millions of dollars.

The new funds range from a €1-billion Africa fund launched by the German government in June, to Omidyar Network‘s new $300-million evergreen venture fund that will back impact fintech startups.

African tech startups will be able to access hundreds of millions of dollars from over 20 new funds launched in 2019

Please read the full list of funds aimed at African startups from all regions from the link source below:

South Africa Today


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