Ten fund managers active in Africa’s tech space have been selected from across the continent for the LAUNCH Capital Provider Fellowship Program, facilitated by the Collaborative for Frontier Finance (CFF), with the main objective of further advancing the capacity of these local capital providers (LCPs) to raise institutional capital.
LCPs are first time fund managers based in market which can be a person or entity helping finance and allocate capital to businesses.
The LCPs are locally based fund managers or emerging capital allocators who are investing between $50k-$500k in tech or tech enabled, small and growing businesses. The majority of funds are targeting a >$20 million fund size providing early stage or growth capital in a mix of pre-seed, seed and Series A rounds. The funds are geographically spread across West, East and North Africa.
The funds selected include (in alphabetical order) Actawa Ventures, Brightmore Capital, Five35 Ventures, Jaza Rift Ventures , Kenya Climate Ventures , Lotus Capital , Mirepa Capital, Ortus Africa Ventures, Unicorn Growth Capital, and WIC Capital.
