Funding Round · Payments · 2024

Seedstars Africa Ventures I first close of $42M

Seedstars Africa Ventures I raised $42M First close of venture capital fund led by African Development Bank, EIB Global, Boost Africa on December 7, 2024.

Primary
Seedstars Africa Ventures I
Counterparty
African Development Bank, EIB Global, Boost Africa
Amount
$42M
Structure
First close of venture capital fund
Date
December 7, 2024
Sub-sector
Payments

Fund targets early-stage African fintech and digital infrastructure startups with focus on payments, financial inclusion, and underserved markets.

Primary company
Seedstars Africa Ventures I
Amount
$42M
Event date
December 7, 2024
Sub-sector
Payments
HQ
Not disclosed
Structure
First close of venture capital fund
Source published
December 7, 2024
Publisher
NewsGhana

Source: newsghana.com.gh