(Ecofin Agency) - Seedstar World recently announced that it will set a $100 million fund to support African startups in collaboration with Venture Growth, a venture capital based in Sub Sahara Africa.
According to Seedstar financial manager’s statement relayed by Venture Burn, the first investments to be structured via this fund should be made this year and up to 40 startups will be supported.
The fund will invest between $250,000 and $5 million in new promising startups no matter what sector they are operating in.
Let’s note that this is not the first investment made by Seedstar in Africa. It has launched initiatives in Nigeria and Côte d'Ivoire with mixed results.