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Verod-Kepple Africa Ventures announces $43m venture fund for pan-African startups

Verod-Kepple Africa Ventures announces $43m venture fund for pan-African startups

#startup
#venture capital
#funding
Verod-Kepple Africa Ventures (VKAV) has announced the first close of a $43 million pan-African venture fund. According to the firm, the fund will invest in tech-powered startups that have raised revenue and are addressing some of the continent’s pressing challenges with scalable solutions.

Verod-Kepple Africa Ventures (VKAV), a joint venture formed by Japanese VC firm Kepple Africa Ventures (KAV) and African private equity firm Verod Holdings, has announced the first close of a $43m pan-African venture fund. The fund will invest in tech-powered startups across Africa that have raised revenue and are addressing the continent's pressing challenges with scalable solutions. VKAV's portfolio companies include Moove Africa, Chari, Shuttlers, Koko Networks, Ceviant, and Julaya. The $43m fund is backed by SBI Holdings, Sumitomo Mitsui Trust Bank (SMTB), Japan International Cooperation Agency (JICA), Toyota Tsusho Corporation, and individual investors including Osamu Kaneda.

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