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Paris-based VC Breega hits first close of $75M Africa fund to back pre-seed and seed startups

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Paris-based VC Breega hits first close of $75M Africa fund to back pre-seed and seed startups - TechCrunch

Quick Summary:

From receiving less than a billion dollars in venture capital per year to a record-high $6 billion, there’s also been an increase in high-growth companies, from one unicorn to seven within the span of three years.

Paris-based VC firm Breega has observed Africa’s tech ecosystem mature over the years.

The Africa-focused VC firm has already backed nine startups, including Numida, Hohm Energy, Socium, Klasha, Kwara, Coachbit, and Sava, and aims to make at least 40 investments from this first fund.


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Article Details

Author / Journalist: Tage Kene-Okafor

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-20 @ 08:47:05 (1 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 2334 words

Reading Time: 13 minutes read

Sentences: 110 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 21318874

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