Original disclosure @ EIB website
Updated in EWS Mar 6, 2023
Disclosed by Bank Mar 1, 2023
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According to the EIB, the operation consists of an equity participation of up to USD 20m into Seedstars Africa Ventures (https://seedstars-africa.vc/), a closed-ended venture capital fund focusing on Sub-Saharan Africa (primarily West and East Africa) and to a lesser extent on North Africa. The fund focuses on investments into high-growth small and medium sized enterprises (SMEs) leveraging digital technologies to deliver services across sectors.
The aim is to support the creation of jobs, digitalisation and the private sector development, by increasing access to risk capital to local high-growth SMEs.
The fund will invest into a diversified portfolio of companies, supporting the value creation of the underlying investees through a hands-on management approach, as well as enhancing the ESG standards.
According to the company's website, Seedstars Africa Ventures is an early-stage venture capital fund investing in high-growth companies active across Sub-Saharan Africa.
No project contacts available at the time of disclosure.
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