Proparco

Novastar Ventures closes capital raise for $108m fund two

Novastar Ventures has closed the capital raise of a $108-million Novastar Ventures Africa Fund II. The fund will target businesses in East and West…

Accion Venture Lab to invest at least $4.5m in African fintechs with new fund

Accion Venture Lab, the seed investment initiative of US-based non-profit Accion, has launched a new $23-million fund aimed at fintech startups that focus on…

Here are the 20 startups selected for the World Bank’s L’Afrique Excelle accelerator

L’Afrique Excelle, the francophone adaptation of the World Bank’s XL Africa tech accelerator, has announced the names of the 20 startups selected to participate…

Sawari Ventures announces $35m first closing of $70m North Africa fund

Egyptian venture capital firm Sawari Ventures yesterday (9 December) announced a $35-million first closing of its $70-million Sawari Ventures North Africa Fund I (SVNFI)….

How French investors are helping grow Senegal’s tech startup ecosystem

Senegal’s tech startup scene may still be small, but a rise in venture capital (VC) investments — led by French investors — suggest that things are beginning to warm…

France’s Proparco to deploy €50m in Africa’s tech ecosystem from 2019 [Updated]

UPDATE: (16 November): An earlier version of this article stated that Proparco will deploy the €50-million in 2019. Proparco communication’s adviser Romain Esperon subsequently clarified to Ventureburn…

SA fintech JUMO closes $52m round led by Goldman Sachs

SA fintech JUMO today announced the close of an equity funding round of $52-million led by Goldman Sachs. Also participating in the round were Proparco, the…

AfricArena signs up AFD subsidiary Proparco as strategic partner, sponsor

Tech startup conference AfricArena has signed up Proparco — a development finance institution partly owned by the French Development Agency (AFD) — as a…

SA fintech JUMO secures first two commitments in new funding round

SA fintech JUMO has secured equity funding from French development agency Proparco and Finnish development finance company Finnfund — the first commitments to a new funding round, the startup’s founder Andrew Watkins-Ball…

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