Launch Africa Ventures, a leading African venture capital firm, has committed $4.3 million to 16 startups across 11 countries as part of its second fund. This follows a successful first fund that invested in 133 startups.
Founders and Funds in Africa
- Founded in July 2020 by Zachariah George and Janade du Plessis, with Margaret O’Connor as chairperson
- Closed its first fund, Launch Africa Ventures Fund 1, at $36.3 million in March 2022, attracting 238 investors from 40 countries.
- Launched its second fund with a focus on investing in, growing, and scaling top technology-driven ventures.
Diverse Portfolio
The second fund has invested in startups across various sectors, including:
- Car service marketplace (Servisor)
- Logistics platforms (Shiprazor, Paps)
- FMCG insights platform (Lengo)
- Data management (Periculum)
- Inventory tracking (Logistify)
- Direct air capture (Octavia Carbon)
- Lending marketplace (Kredete)
- Prop-tech (Bosso)
- Beauty (Zuri)
- E-health (Meditect, Viebeg)
- E-bike (Wahu! )
Geographic Reach in Africa
The $4.3 million investment is spread across 11 countries, including:
- South Africa
- Senegal
- Kenya
- Nigeria
- Zambia
- DRC
- Ivory Coast
- Rwanda
- Ghana
- Egypt
Investor Friendly
Launch this venture is committed to being a top-performing, value-adding, and founder-friendly investor in the African VC and startup ecosystem.
Looking Forward
Launch Venture investment highlights the growing vibrancy of the African startup scene. With a focus on founder diversity, sector strength, market opportunities, and geographic reach, Launch Africa Ventures is well-positioned to support the continent’s most promising startups.
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