Early-stage VC firm Launch Africa Ventures has made its 100th investment, with $24 million so far invested in 108 early-stage tech and tech-enabled companies across 20 African countries.
The investment comes after the firm closed its first fund at $36.3 million, with investments from 238 retail and institutional investors in 40 countries.
Launch Africa facilitates co-investment by its Limited Partners (LPs) through sharing due diligence, waiving fees and absorbing charges for LPs in the seed and pre-Series A investments led by the fund.
To date, Launch Africa LPs have co-invested in excess of $14 million in Launch Africa portfolio companies.
We assist the African founders of early-stage tech and tech-enabled companies to focus on what the continent needs right now – the rapid growth of businesses solving real-world problems combined with the creation of high-value jobs in sustainable ventures. We are proud to have helped many founders close their seed funding rounds in 4-6 weeks, notably faster than the 4-6 months it typically takes for early-stage founders to close rounds in Africa.
Zachariah George, Launch Africa Ventures Co-founder