Financial Inclusion Africa’s Post

Paris-based VC Breega hits first close of $75M Africa fund to back pre-seed and seed startups #paris-based-vc-breega-75m-africa-fund

#Early-stage VC firm OpenseedVC launches with a $10 million fund for African startups early-stage-vc-firm-openseedvc-launches-with-a-10-million-fund-for-african-startups

TLcom Capital closes second fund at $154M to back early-stage startups across Africa #early-stage #vc-funding #tlcom-capital-closes-second-fund-at-154m-to-back-early-stage-startups-across-africa

🔥Chirag Gupta , Managing Partner at🔥 8X Ventures 🚀🚀8X Ventures Announces First Close of INR 200 Cr DeepTech Fund🚀🚀 🔥🔥8X Ventures, a company that invests in early-stage startups, has announced the first closing of its new INR 200 crore deeptech fund with an option to increase by another INR 100 crore🔥🔥 🌟Fueling Innovation: 8X Ventures’ INR 200 crore deeptech fund exemplifies their commitment to fueling cutting-edge innovation, supporting the growth of transformative technologies. 🌟Empowering Pioneers: This substantial fund empowers early-stage startups to pioneer groundbreaking solutions, pushing the boundaries of what’s possible in deeptech. 🌟Driving Technological Advancement: With the first close of their deeptech fund, 8X Ventures is set to drive significant technological advancements that can revolutionize industries. 🌟Inspiring Bold Ideas: The fund's launch inspires entrepreneurs to pursue bold, innovative ideas, knowing they have strong financial backing and support. 🌟Building the Future: 8X Ventures is committed to building a future where deeptech innovations solve complex challenges and improve lives. 🌟Championing Early-Stage Startups: By focusing on early-stage startups, 8X Ventures champions the next generation of deeptech leaders and innovators. 🌟Catalyzing Growth: The deeptech fund serves as a catalyst for growth, providing the necessary resources for startups to scale and succeed. 🌟Expanding Possibilities: The option to increase the fund by another INR 100 crore showcases 8X Ventures' dedication to expanding possibilities and supporting even more groundbreaking projects. 🌟Encouraging Breakthroughs: This initiative encourages startups to strive for breakthroughs that can have a profound impact on technology and society. 🌟Commitment to Excellence: 8X Ventures’ launch of the deeptech fund reflects their unwavering commitment to excellence and their belief in the transformative power of technology. ✅️Share Your Startup Story 🚀📲 https://lnkd.in/ggir3Qap ✅️visite our website🌐 https://lnkd.in/dad4nH #CommitToExcellence #EncourageBreakthroughs #ExpandPossibilities #CatalyzeGrowth #ChampionStartups #BuildTheFuture #InspireBoldIdeas #DriveAdvancement #EmpowerPioneers #FuelingInnovation #scoopearth

Recently, Naspers took an axe to its venture capital fund, Naspers Foundry, putting the kibosh on R1.4 billion (~$77 million) in funding. Henceforth, the fund’s portfolio companies and any additional investments shall be tended by Prosus Venture. To date, the Foundry has invested over R700 million (about $40 million) in a dozen startups spanning edtech, mobility, and insurtech. All of these companies still exist, which is encouraging. Learn more: https://lnkd.in/dvUAc9PF #startups #investments #edtech #insurtech #venturecapital #funding

A group of venture capital professionals are launching an effort to connect early-stage startups in Israel with investors around the world who are willing to provide them with emergency capital and other resources. The effort, called Frontline Initiative, is designed to help young startups withstand the financial and business pressures created by the nation’s war with Hamas. The war poses the greatest challenge for early-stage startups, which are critical to the nation’s future, said Roy Glasberg, founder, managing partner and company builder at Tel Aviv-based AnD Ventures. Frontline Initiative aims to connect investors and founders to inject a total of $50 million directly into Israeli startups on an individual basis, and not into a fund or financial vehicle, according to Glasberg. It hopes to provide 80% of applicants with capital or business opportunities. https://lnkd.in/eFX2rax9

French VC, Breega recently launched fund to boost 30 early-stage European startups. 💸 €150M Europe Seed III fund. 💭 “We firmly believe in the imperative of continuing to back founders and their early-stage startups, especially considering the challenges our world faces. They are today’s visionaries shaping the transformations of tomorrow…” Ben Marrel, Maximilien Bacot, and François Paulus, Breega co-founders. 💡 European high-tech startups from Pre-Seed to Series B stage. 🌍 While the specific geographic locations of investments are not explicitly mentioned, Breega Ventures operates across Europe and internationally. One-third of the Europe Seed III fund will be allocated to investments in the UK. 📈 ‘This new fund follows the €250 million fund the French VC firm closed last year. The firm has half-billion in assets already under management.’ 🗞️Abhinaya Prabhu, Tech Funding News https://lnkd.in/dNtkT7qx 👏 For the #AudaciousInvestors unleashing innovation and empowering tomorrow🚀 Daniel Shellard I Nuan Zhang I Antoine Veret I Elena Cebollero Fraile I Benjamin Deplus I Axel Svensson I Aya Zaghnin I Pauline Chau I René Andres I Céline ROGER I Team Breega … #venturecapital #vc #funds #startups #entrepreneurs #funding #tech #entrepreneurship #technology #innovation #europe #uk #france

The venture capital crunch is nearing its second year. For African startups that have for the last six years benefited from their access to this funding, they will have to adapt to the now negatively changing environment. But for founders who are looking to build businesses that will be robust and want to survive turbulent funding environments, this lack of free-flowing VC may not be the worst thing. This period of time can serve as an opportunity for African startups to build a level of resilience that positions them well for a prosperous future. Ephraim Modise in this featured article discusses this very sentiment. Not only how they can survive the VC crunch, but how they can thrive well beyond this challenging time. #VentureCapital #AfricanStartups #Startups #AfricaRising

Sigma Software Group welcomes the arrival of 1991 Ventures to the venture market with their £15M fund for Ukrainian and CEE startups. Their mission aligns with ours in nurturing innovation in the Ukrainian tech ecosystem, as we both support the UK-Ukraine TechBridge. Supporting the Ukrainian tech community, our investment wing, Sigma Software Labs has invested over $2.1M in 18 startups, with two successful exits and six new deals since February 24, 2022. Our partnership extends through SID Venture Partners co-founded by Sigma Software Group's leaders, recognized as the Investor of the Year by the Ukrainian Startup Fund, with $4M+ investments only for the last two years. For more on how 1991 Ventures is empowering Ukrainian and CEE startups, read the full article: https://lnkd.in/eMwqFKAS A big thanks to TechCrunch for mentioning us! #1991Ventures #SigmaSoftwareLabs #SIDVenturePartners #UKUkraineTechBridge #TechCrunch #UkrainianStartups

Accel just raised a new $650m fund to invest in Israeli stsrtups! 🇮🇱 As Israel celebrates 76 years of independence today, its amazing to see the continued global investment in my amazing country! According to Accell Partner Harry Nelis "Raising an eighth fund to invest in Israel is no longer a brave decision; it doesn't matter what the situation is here. The first fund for activity in Israel, in 2000, was brave. Since then, Israel has always been one of our key markets, and we hope it will continue that way." Israel and its startup/innovation ecosystem are here to stay! https://lnkd.in/dPbRzBnc #Israel #israelinnovation #startupnation #innovation #startups #vc