France’s development agency that promotes private investment in developing countries.
Accion Ventures Secures $61.6 Million Fund to Boost African Fintech Startups Amid Silicon Valley’s Declining Interest
Accion Ventures announced the final close of its new fund at $61.6 million. The investor pool includes Dutch bank FMO, France’s Proparco, and the Ford Foundation.
Disruptech Ventures Gears Up for Next Chapter with AI, Ecosystem Synergies, and Strategic Growth
Disruptech Ventures is preparing to accelerate its impact in 2025 and 2026 with a focus on AI and cross-sector collaborations. The fund has invested in 21 early-stage startups and has a capital deployment of about two-thirds of its $36 million fund.
Kenyan Startup Badili Secures US$400,000 for Refurbished Electronics
Badili secured a US$400,000 debt facility from Proparco to support its refurbished electronics initiative. The startup operates in Kenya, Tanzania, and Uganda, focusing on the resale of used or damaged mobile phones.
VC Firm Equator Raises $55M To Back African Climate Tech
Equator has raised $55 million for its first fund to support early-stage climate tech startups in Africa. The funding environment for African climate tech ventures is tightening due to shrinking aid budgets and reduced capital from development finance institutions.
8 Investors Investing in African EdTech
Education spending in Africa is projected to triple to $740 billion by 2030. EdTech investments in Africa could grow 19 times to $57 billion by 2030.
