Leading the Charge with 12 Investments in H1 2024
In the first half of 2024, Launch Africa Ventures reaffirmed its position as a powerhouse in African venture capital, making an impressive 12 investments in early-stage tech startups across the continent. This achievement cements the firm’s reputation as one of the most active and influential investors in Africa's startup ecosystem, focusing on sectors such as fintech, healthtech, logistics, and e-commerce.
According to data compiled by The Big Deal, Launch Africa Ventures was the most active venture capital (VC) investor in Africa for the first half of 2024, marking yet another milestone in the firm's trajectory.
Following the tremendous success of its first fund, which backed over 100 startups and raised $36.3 million, Launch Africa Ventures is continuing its mission with Seed Fund 2. The fund is designed to fuel high-potential early-stage startups across Africa and is already off to a strong start.
Seed Fund 2 represents more than just a continuation of Launch Africa’s investment strategy—it signifies the firm’s commitment to scaling its impact. By targeting $75 million, Launch Africa is doubling down on its efforts to address the funding gaps that African startups face, particularly at the seed and pre-Series A stages.
The firm’s focus on early-stage funding is essential for enabling African startups to grow and expand into new markets. With Seed Fund 2, Launch Africa is not only providing capital but also ensuring that startups receive the strategic support they need to thrive. This includes guidance on product development, market entry, and scaling operations, making it more than just a financial partner.
If you are an investor/partner looking to get involved with seed fund 2, kindly send an email to jeffery@launchafrica.vc
