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Ring Capital launches $55m impact investment fund for French-speaking West Africa

Paris-based VC firm Ring Capital has launched Ring Africa, a $55m fund for early-stage start-ups for French-speaking West Africa.

The fund which has a target size of EUR50 million (US$55 million) is aimed to support early-stage start-ups with a strong social and environmental impact.

Nicolas Celier, co-founder of Ring Capitalsaid,“Africa, which is already experiencing the consequences of climate change and its social repercussions, is simultaneously witnessing the emergence of structural solutions for its future.

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According to  Celier, being an impact investor means giving a chance to environmental and social solutions and financing a new generation of entrepreneurs. He expressed his excitement about this launch, stating that it will enable the company to concretely improve living conditions and support a new generation of business leaders.

The fund targets startups at the pre-seed, seed, and Series A stages, and will focus on solutions specific to the African continent’s challenges, including transitioning to the formal economy, adapting to climate change, and developing sustainable agriculture and consumption.

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Ring Capital finances and supports entrepreneurs offering solutions to key social and environmental challenges through three investment vehicles and a philanthropic fund.

Val Lukhanyu
Val Lukhanyu
I cover technology news, startups, business and gadget reviews

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