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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1. Japan-based VC secures $18.4m to support African startups
Samurai Incubate, a Japan-based VC, has secured a $18.4 million fund to invest as pre-seed, seed and Series A investments in African technology startups.
The fund, which has been described as oversubscribed, is the Samurai Africa 2nd General Partnership fund incorporated by the VC.
Launched only three years ago, Samurai Incubate has designed and managed six funds in Japan, through which it has backed around 130 startups.
In May 2018, the VC established the Samurai Incubate Africa and has so far invested in 26 African startups including Eden Life, Evolve Credit, Shyft Power Solutions, Oneport and Pricepally.
$18 6m Samurai fund for African startups, Airtel is Nigeria s fastest mobile network?
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