Early-stage VC firm Launch Africa Ventures has made its 100th investment, making it probably the most active investor in African tech startups, and closed its first fund at US$36.3 million.

Launched in July 2020 by Zachariah George and Janade du Plessis, with chairperson Margaret O’Connor also on the board, Launch Africa Ventures closed its its inaugural fund, Launch Africa Ventures Fund 1, in March at US$36.3 million, with investments from 238 retail and institutional investors in 40 countries.   

Following the successful closure, Fund 1 announced its 100th investment at the end of May, with US$24 million so far invested in 108 early-stage tech and tech-enabled companies across 20 African countries. 

See also  IFIC’22: NIBSS to join industry stakeholders to discuss financial inclusion

“We assist the African founders of early-stage tech and tech-enabled companies to focus on what the continent needs right now – the rapid growth of businesses solving real-world problems combined with the creation of high-value jobs in sustainable ventures. We are proud to have helped many founders close their seed funding rounds in 4-6 weeks, notably faster than the 4-6 months it typically takes for early-stage founders to close rounds in Africa,” said George.

Launch Africa also facilitates co-investment by its Limited Partners (LPs) through sharing due diligence, waiving fees and absorbing charges for LPs in the seed and pre-Series A investments led by the fund. To date, Launch Africa LPs have co-invested in excess of US$14 million in Launch Africa portfolio companies. 

See also  Nigerian fintech startup Bankly raises $2m seed funding round

“The Launch Africa team works with founders and expert advisors to fast-track exit opportunities for investors,” du Plessis said. “Providing our exit strategy during these challenging times instills investor confidence and brings significant benefits to the African tech ecosystem.”

122 thoughts on “Launch Africa Ventures closes first fund at $36.3m, makes 100th investment”

  1. My brother suggested I might like this blog. He was entirely right. This post actually made my day. You cann’t imagine simply how much time I had spent for this info! Thanks!

  2. Thanx for the effort, keep up the good work Great work, I am going to start a small Blog Engine course work using your site I hope you enjoy blogging with the popular BlogEngine.net.Thethoughts you express are really awesome. Hope you will right some more posts.

  3. I have been looking for articles on these topics for a long time. baccarat online I don’t know how grateful you are for posting on this topic. Thank you for the numerous articles on this site, I will subscribe to those links in my bookmarks and visit them often. Have a nice day

  4. I simply could not depart your website prior to suggesting that I really loved the usual info a person provide on your visitors? Is going to be back regularly in order to investigate cross-check new posts.

  5. You absolutely know how to keep your readers’ interest with your witty thoughts on the topic Bitcoin. I was looking for additional resources, and I am glad I came across your site. Feel free to check my website xrank.cyou

  6. Definitely believe that which you stated. Your favorite justification appeared to be on the net the simplest thing to be aware of. I say to you, I certainly get annoyed while people think about worries that they plainly do not know about. You managed to hit the nail upon the top as well as defined out the whole thing without having side-effects , people could take a signal. Will probably be back to get more. Thanks

  7. drug information and news for professionals and consumers. Everything information about medication.
    best pill for ed
    Comprehensive side effect and adverse reaction information. Drugs information sheet.

  8. All trends of medicament. Comprehensive side effect and adverse reaction information.
    ed pills comparison
    Prescription Drug Information, Interactions & Side. drug information and news for professionals and consumers.

  9. Actual trends of drug. Actual trends of drug.
    [url=https://canadianfast.online/#]non prescription erection pills[/url]
    Get warning information here. earch our drug database.

  10. Some are medicines that help people when doctors prescribe. Learn about the side effects, dosages, and interactions.
    viagra spanish com
    Definitive journal of drugs and therapeutics. Some are medicines that help people when doctors prescribe.

  11. Commonly Used Drugs Charts. drug information and news for professionals and consumers.
    tadalafil coupon
    Everything about medicine. Everything what you want to know about pills.

  12. Hi, Neat post. There’s an issue with your web site in internet explorer, would test thisK IE still is the market leader and a good element of other people will miss your wonderful writing due to this problem.

  13. Comprehensive side effect and adverse reaction information. Top 100 Searched Drugs.
    https://tadalafil1st.com/# cialis with dapoxetine overnight delivery australia
    Definitive journal of drugs and therapeutics. Everything about medicine.

Leave a Reply

Your email address will not be published. Required fields are marked *