African ‘gender-equal’ VC Janngo Capital closes second fund at $78M

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Pan-African venture capital firm Janngo Capital has closed its oversubscribed second fund at €73 million ($78 million), 20% more than its target of €60 million (~$63 million).

Also, as a female-founded, female-led, and predominantly female-owned fund, we place high importance on investing in female entrepreneurs,” said Bâ.“This focus is important because, while Africa has the world’s highest rate of female entrepreneurship, only a tiny share of global VC funding flows to female founders.

S International Development Finance Corporation (DFC) and the World Bank’s International Finance Corporation (IFC) are also limited partners in Janngo Capital’s second fund.

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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets: United StatesGhanaMauritiusNigerNigeriaTunisia

Topics: Venture Gender-equality fund Africa TC Janngo capital Fatoumata Bâ

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 06:05:00 (2 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1009 words

Reading Time: 6 minutes read

Sentences: 28 lines

Sentence Length: 37 words per sentence (average)

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Copyright Owner: © TechCrunch

News ID: 23335416

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