Seedstars Africa Ventures secured $30 million from EIB Global, adding to an $8 million commitment from LBO France.
Seedstars Africa Ventures secured $30 million from EIB Global, adding to an $8 million commitment from LBO France.The VC firm invests in early-stage startups (seed and Series A) across Sub-Saharan Africa, with follow-on funding up to Series B.
Partnering with Seedstars Group, they focus on regions beyond the usual hubs like Egypt, Kenya, Nigeria, and South Africa.
“Seedstars Africa Ventures has already begun making waves, with previous investments in Kenyan internet provider Poa Internet, Nigerian logistics platform Beacon, agritech company Shamba Pride, and the revolutionary payment solution Bizao, all made possible by LBO France’s initial investment.”
Investing between $250,000 and $2 million per startup, they offer not just money but also resources, network, and visibility.
They prioritize companies addressing basic needs like education, healthcare, and utilities, along with innovative brick-and-mortar businesses utilizing digitalization.
Up to half of the fund will be allocated to Francophone Africa, recognizing its untapped potential.
This investment strengthens African startup ecosystems and contributes to economic growth.
Seedstars Africa Ventures has already made successful investments and plans to significantly increase its impact with this new funding.