Pan-African venture capitalist fund Launch Africa Ventures, announced the closing of its $36.3 million fund in June. This fund has provided over 108 start-ups across 21 African countries with funding since its first close in September 2020. Fintech contributes heavily to Launch Africa’s portfolio; comprising over 38% of its total invested assets. The rest include e-commerce and marketplaces (16%), health tech (13%), logistics and mobility (12%), data analytics/AI (11%) and Edtech (7%).

Source: Tech Crunch

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