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Savannah Fund II targets $25m


Savannah Fund, Africa’s technology venture capital firm, has launched Savannah Fund II, a $25m fund that will invest in early-stage startups across sub-Saharan Africa with a focus on supporting women entrepreneurs and disruptive companies in high-growth sectors. 
“Savannah Fund II will continue its long-term mission to partner with ambitious founders, building startups that will scale across Africa”, said Mbwana Alliy, Founder and Managing Partner.
The International Finance Corporation (IFC), a member of the World Bank Group, has contributed $3m to the first close of the Fund II with participation from the Women Entrepreneurs  Finance Initiative (WeFi), which invested $500,000.
“Early-stage funding is vital to enable more of Africa’s emerging and growing tech founders to grow their business and fuel the transformation of Africa’s Internet economy. By partnering with Savannah Fund, we can help more entrepreneurs to access funding,” said Kevin Njiraini, I ....

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