Seedstars Capital and Fondation Botnar have partnered to launch Seedstars Youth Wellbeing Ventures, a $20 million investment mandate targeting early-stage startups in Africa. The fund aims to improve the wellbeing of people below 30 years in low- and middle-income countries by investing in startups focused on health services, environmental sustainability, local food security, water and sanitation, affordable housing, and more. Seedstars plans to invest in at least seven startups annually over the next five years, providing initial capital of $250,000 and follow-on investments of up to $750,000. The goal is to transform cities and create inclusive urban environments through the transformative power of digital technology. Fondation Botnar is dedicated to improving the health and wellbeing of young people in urban areas globally. This initiative adds to the growing list of purpose-driven funds in Africa.
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