🌍 Breega's New Venture in Africa: Paris-based VC firm Breega has announced a $75 million fund to invest in early-stage startups across Africa. The firm, known for its founder-friendly approach, aims to leverage its European success to boost African tech innovation.

📈 Historical Growth: Africa's tech ecosystem has seen significant growth, with venture capital inflows rising from under a billion dollars to $6 billion annually, and the number of unicorns growing from one to seven in three years.

💼 Strategic Expansion: Breega has secured 70% of the capital for its new fund and opened offices in Lagos and Cape Town to strengthen its presence in Africa. These offices join Breega’s existing locations in Paris, London, and Barcelona.

🤝 Founders-for-Founders Approach: Breega prides itself on being a founders-for-founders fund, providing operational expertise alongside capital. This approach has driven their rapid growth in Europe, and they aim to replicate this success in Africa.

🌱 Investment Strategy: The "Africa Seed I" fund will focus on pre-seed and seed stages, investing between $100,000 and $2 million in startups across major African markets, including Nigeria, Egypt, South Africa, Kenya, and Francophone countries like Morocco and Senegal.

💡 Local Expertise: Breega's Africa fund is led by Melvyn Lubega and Tosin Faniro-Dada, who bring extensive entrepreneurial and operational experience. The fund has already backed nine startups, including Numida and Klasha, with plans to make at least 40 investments.

Key Highlights:

• Target Markets: Nigeria, Egypt, South Africa, Kenya, Morocco, Senegal, Ivory Coast, Cameroon, and DRC.
• Supported Sectors: Fintech, healthtech, proptech, logistics, and edtech.
• Investment Size: $100,000 to $2 million per startup.
• Unique Value Proposition: Local market understanding, operational expertise, and tailored support.
• Team Expertise: Former founders and operators providing hands-on support.

Breega's Vision:

Breega aims to foster innovation and address local challenges with tailored solutions. By bringing their European experience and integrating local market insights, they plan to catalyze the next wave of African tech startups.

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