Verod-Kepple Africa Ventures (VKAV), a joint venture between Verod Capital Management and Kepple Africa, has successfully closed its inaugural fund at $60 million. This significant milestone will enable VKAV to provide crucial growth capital to a select group of up to 21 promising African startups.
The fund has garnered support from a diverse range of investors, including prominent Japanese institutions and leading African investors such as SCM Capital. This influx of capital underscores the growing confidence in the long-term potential of the African tech ecosystem.
VKAV will prioritize investments in Series A and B rounds, focusing on companies that are building critical infrastructure for the digital economy, addressing pressing business challenges, and developing innovative solutions for the burgeoning African consumer market.
The fund’s portfolio already includes a diverse range of high-growth companies across key sectors such as mobility, finance, and healthcare, operating across multiple African markets. VKAV will leverage its deep industry expertise and extensive network to provide hands-on support to its portfolio companies, assisting them in navigating the complexities of the African market and scaling their operations.
This successful fundraise by VKAV is a testament to the growing maturity of the African venture capital ecosystem. Despite the recent funding downturn, VKAV’s ability to secure significant capital demonstrates the enduring appeal of investing in high-growth African startups.
