GOODsoil VC Winds Down $67.5M fund, Won’t Raise Follow-Up
- GOODsoil VC has officially completed the full deployment of its $67.5 million flagship fund.
- The firm will not raise a follow-up fund, marking a pivotal shift in Ghana’s early-stage investment ecosystem.
- GOODsoil was recognized as Venture Company of the Year at the 2022 Africa Startup Ecosystem Builders Awards.
The decision of GOODsoil VC not to pursue a follow-up fund could reflect broader challenges within the venture capital landscape in Africa, particularly regarding sustainability and local capital availability. This shift may encourage other firms to reassess their strategies and focus on long-term impact rather than short-term gains.
