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Support for young tech companies in Africa: Seedstars Africa Ventures I raises funds at the beginning of this year

23/01/2024
Source : ORISHAS FINANCE
Categories: Sectors

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Ce début d' année 2024, le fonds de capital-risque, Seedstars Africa Ventures I, raised $30 million from the EIB and $10.5 million from the BAD to support young technology companies in Africa.

Le lundi 22 janvier dernier, il a été annoncé que Seedstars Africa Ventures is partnering with the European financing mechanism for agricultural SMEs, EDFI AgriFi, to commit $3.7 million to the Kenyan agritech company, Shamba Pride. This funding will allow Shamba Pride to accelerate its expansion in Kenya. This is an additional investment by the venture capital fund, after an initial commitment of $1.1 million made in December 2021 within the start-up. For Samuel Munguti, CEO of Shamba Pride, “the additional investment by Seedstars Africa Ventures alongside the financial institution AgriFi EDFI is an important step for our company, which plans to reach 200,000 farmers by the end of

2025.”
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