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Startup Africa: The Next Big Investment Hotspot Captivates Venture Capitalists


DKODING Studio
Japanese VCs are at the forefront of the startup investment scene in Africa, perhaps the only continent with majority of its potential for innovation untapped.
The Japanese venture capital firm Uncovered Fund recently launched a $15 million kitty to support the African startups. Takuma Terakubo, the head of Uncovered Fund announced his new investment of $15 million to provide financial support to the startups in stages between seed and Series A. The Uncovered Fund, established in the year 2019, has invested $3.5 million between 2019 and 2020 to support several budding startups. For its next lot of investments, the company plans to invest between $50,000 and $500,000 into several South African, Nigerian, and Kenyan companies working on fintech, retail, logistics, health, agritech, mobility, and smart cities sectors. ....

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