Tokyo s Samurai Incubate Inc Raises $18 6M for African Startups
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Tokyo s Samurai Incubate Launches $18 6M Fund for African Startups
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Alexander O. Onukwue
15th April 2021 Rena Yoneyama (managing partner, Samurai Incubate Africa), Nao Koike (manager, Samurai Incubate Africa), Kentaro Sakakibara (Founder & CEO, Samurai Incubate). Source: Samurai Incubate
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As success stories from Africaâs startup scene spread across the world, more diverse sources of funding are opening up to the continent. While investors from Western economies lead the flock of international interest parties, money bags in Asia are building momentum to invest in high-impact businesses in Africa.
Japanese firms have been notably active in recent years. One of those firms is Samurai Incubate Inc, a venture capital firm based in Tokyo. The company has announced the close of its dedicated Africa fund after raising 2.06 billion yen (~ $18 million).