Transforming the informal economy: Ring Capital announces the launch of an investment vehicle : Orishas-finance

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Transforming the informal economy: Ring Capital announces the launch of an investment vehicle

08/03/2024

Source : ORISHAS-FINANCE

Categories: Economy/Forex

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Transforming the informal economy: Ring Capital announces the launch of an investment vehicle

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The French venture capital firm, Ring Capital, has announced the launch of an impact investment vehicle dedicated to French-speaking West Africa and with a target size of 50 million euros ($54.3 million). ).

The investment vehicle planned by Ring Capital will make it possible to invest in “early stage” start-ups that seek to transform the informal economy, adapt to climate change or even develop agriculture and sustainable consumption.

Ring Capital is in partnership with MStudio, a “start-up studio” based in Abidjan, which supports start-ups in French-speaking West Africa from ideation to fundraising.

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