Five35 Ventures raises funding to back female-led and women-focused startups
- Five35 Ventures secured an undisclosed anchor investment from MEDA Mauritius Foundation.
- The fund aims to raise $30 million to support female-focused tech startups in Africa.
- Five35 Ventures has backed 16 startups since its launch in 2022, generating over 1,400 jobs.
The focus on female entrepreneurs in Africa is crucial for fostering innovation and economic growth. By addressing the funding gap and providing robust support systems, Five35 Ventures is not only empowering women but also contributing to the broader economic landscape. This model could serve as a blueprint for similar initiatives worldwide.
