Early-stage VC agency Launch Africa Ventures has invested a complete of US$4.3 million in 16 startups from throughout the continent as far as a part of its second fund, having made 133 investments by way of its first fund.
Launched in July 2020 by Zachariah George and Janade du Plessis, with chairperson Margaret O’Connor additionally on the board, Launch Africa Ventures closed its its inaugural fund, Launch Africa Ventures Fund 1, in March 2022 at US$36.3 million, with investments from 238 retail and institutional traders in 40 nations.
With Fund II, Launch Africa Ventures stated it continues to “make investments, develop and scale the continent’s prime technology-driven ventures to turn out to be market leaders of their respective industries”.
“As one of the vital energetic pan-African traders in Africa since 2020, we’re sustaining our dedication to the rising African VC and startup ecosystem by persevering with to be a top-performing, value-adding and founder-friendly investor,” the corporate stated.
To this point, the second fund has invested in 16 startups that align with its funding thesis on founder range, sector energy, market alternatives, and geographic attain, deploying US$4.3 million throughout 11 African nations to assist these market-leading alternatives.
Three of these are from South Africa, specifically automobile service market Servisor, working capital service Credit score Circuit, and logistics platform Shiprazor, and one other three from Senegal – FMCG insights platform Lengo, logistics service Paps, and vitality firm Solarbox.
Two are from Kenya – stock monitoring platform Logistify, and direct air seize firm Octavia Carbon – and one other two from Nigeria, within the form of information administration startup Periculum and lending market Kredete.
The remainder of the investments are Zambian prop-tech startup Bosso, DRC-based magnificence startup Zuri, Ivory Coast-based e-health firm Meditect, Rwandan e-health startup Viebeg, Ghanaian e-bike enterprise Wahu!, previously MANA Mobility, and an Egyptian e-health startup.
