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Home Funding

To support African entrepreneurs, Impact Africa Network has launched “From Here,” a $25 million venture capital fund

Tech Gist Africa by Tech Gist Africa
10/14/2021
in Funding, Startups, The Big 5, Venture Capital
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Impact Africa Network

Impact Africa Network

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Impact Africa Network is creating From Here Ventures, a $25 million venture capital fund that will invest in African firms.

From Here Ventures is an early-stage venture capital firm that invests in extraordinary entrepreneurs that are building revolutionary businesses in Africa.

Impact Africa Network, a non-profit startup studio founded in 2019, is now in its second phase.

According to Mark Karake, CEO of Impact Africa Network, valuations in the region are hot, but From Here can differentiate itself because of its expertise in local companies and networks.

The new venture capital firm hopes to differentiate itself from other VCs by leveraging its inherent grasp of how things function in Africa.

Investment emphasis areas for From Here include:

  1. Infrastructure startups aimed at scaling specific industry pain points.
  2. Mission-driven companies focused on human wellbeing.
  3. Women-led startups and companies that
  4. prioritize women in leadership roles.

 

Read more on Tech Gist Africa:

President Emmanuel Macron reinforced a € 130 million financial commitment to African start-ups

The third Google Startup Accelerator for the Middle East and North Africa is now accepting applications

Egypt kicks off the third edition of the African App Launchpad Cup

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Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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