Janngo Capital closed its second fund at 73 million euros (78 million dollars). It thus exceeds its initial target of 60 million euros by 20%.

Janngo Capital is an African venture capital firm that aims to support 25 to 40 startups over the next five years, with an emphasis on successful investments in businesses such as Expensya and Sabi. It has obtained the support of leading investors such as the African Development Bank (BAD ) and the European Investment Bank (EIB), as well as new donors such as the Mastercard Foundation Africa Growth Fund, the Tunisian ANAVA fund and the endowment fund of Ashesi University in Ghana. Janngo gives priority to businesses run by women, in line with its “egalitarian” investment approach. The success of Janngo reflects the growing confidence of investors in the startup ecosystem in Africa, where local venture capital funding remains limited