Seedstars Africa Ventures, a leading venture capital firm focused on early-stage African startups, has secured a significant $10.5 million investment from the African Development Bank (AfDB). This investment builds upon the firm’s recent $30 million capital commitment from EIB Global, underscoring the growing confidence and support for the African tech ecosystem.
The AfDB’s investment will be sourced from both its own resources and the European Union’s Boost Africa program, a joint initiative aimed at fostering entrepreneurship and job creation across the continent. This investment aligns with the AfDB’s commitment to supporting youth employment and promoting inclusive economic growth in Africa.
Seedstars Africa Ventures has a proven track record of identifying and investing in high-growth companies across Sub-Saharan Africa, with a particular focus on businesses addressing critical societal challenges and serving underserved markets. The firm’s portfolio includes companies operating in sectors such as fintech, healthcare, agriculture, and renewable energy.
This latest investment will enable Seedstars Africa Ventures to further expand its investment activities, support more promising startups, and contribute to the continued growth and development of the African tech ecosystem.
