Launch Africa Ventures Invests $4.3 Million in 16 African Startups

by | Jul 15, 2024 | Startups News | 0 comments

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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