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Seedstars Africa Ventures has received a $30 million capital commitment from EIB Global, an arm of the European Investment Bank, which becomes the first major institutional investment for its first Pan-African venture capital fund. The new commitment follows a $8 million investment from the fund’s anchor investor French private equity firm LBO France. The VC firm’s partners Maxime Bouan, Tamim El Zein and Bruce Nsereko Lule (who joined the duo in 2022) partnered with Seedstars Group, an emerging markets accelerator, to tap its infrastructure and market access in Africa.

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