Japanese VC Uncovered Fund Commits $20M to African Startups
- Uncovered Fund has unveiled a new $20-million investment fund in collaboration with Monex Ventures.
- The UMAIP fund plans to invest in startups across Africa and the Middle East.
- Initial investments will range from $100,000 to $500,000, with follow-on funding of $1 million to $2 million.
The launch of the UMAIP fund represents a significant step towards enhancing investment in African startups, which are crucial for innovation and economic growth. This collaboration between Japanese venture capital firms and African entrepreneurs could lead to transformative changes in key sectors, fostering a mutually beneficial relationship that could reshape the corporate landscape in both regions.
