Delta40 Raises $20 Million to Expand Venture Studio–Led Startup Financing Across Africa
- Delta40 secured $20 million to scale financing for early-stage startups across Africa.
- The funding was supported by the Soros Economic Development Fund and the Rockefeller Foundation.
- The fund attracted participation from 54 investors across 13 countries.
Delta40's innovative approach to venture funding, which combines capital with operational support, could significantly enhance the success rates of early-stage startups in Africa. This model not only addresses the unique challenges faced by first-time entrepreneurs but also aligns with global best practices in venture funding. Further exploration of how this model can be adapted and scaled across different sectors in Africa would be beneficial.
