EIB Global has announced that it has invested US$30 million in the Seedstars Africa Ventures I venture capital fund. The fund will invest in companies developing and implementing digital technologies, in particular those addressing basic needs such as education, healthcare and utilities, or enhancing goods, services and efficiency. “Encouraging and promoting innovation and digitalisation is…
EIB Global equity investment of US$30 million in Seedstars Africa Ventures I supports risk capital for entrepreneurs across Africa, boosting growth and job creation. The fund will invest in companies leveraging digital technologies to provide essential services and increase efficiency for businesses. The EIB Global investment is backed by the European Union through the ACP Trust Fund and the Boost Africa programme. Innovative businesses and start-ups across Africa will benefit from better access to risk capital thanks to a US$30 million equi
For African startups, Seedstars' $30 million investment from EIB Global means they could get between $250,000 and $2 million, with the potential for follow-on investments up to $5 million.
EIB Global has made a US$30 million equity investment in Seedstars Africa Ventures I, a venture capital fund aimed at providing risk capital to innovative businesses and startups across Africa.