Uncovered Fund, Monex Ventures partner for $20 million African VC fund
- Uncovered Fund and Monex have launched the UMAIP to invest $20 million in African and Middle Eastern startups.
- The fund will initially invest between $100,000 and $500,000 in 30 companies, reserving half for follow-on rounds.
- Japan's government has signed an agreement to provide $5.5 billion in loans to African businesses over three years.
Tech In Africa - Aug 29, 2025
Japanese VC Uncovered Fund Commits $20M to African Startups
Uncovered Fund, a Japanese venture capital firm, has launched a $20-million investment fund called t
The collaboration between Uncovered Fund and Monex signifies a promising shift in investment strategies towards Africa, emphasizing the potential of fintech and climate tech. This could lead to significant growth opportunities for startups in these regions, but it will be crucial to monitor the actual impact of these investments on local economies and ecosystems.
