African tech startup fund, Atlantica Ventures receives $23.8 million in funding
Atlantica Ventures, an African tech startup fund, has received $11.3 million in junior funding from Boost Africa and $12.5 million in senior financing from the European Investment Bank.
Aniko Szigetvari and Ik Kanu founded Atlantica Ventures, an early-stage pan-African impact-focused venture capital fund, on the premise that African entrepreneurs channeling their passion and expertise through technology can and will address Africa’s and the world’s challenges.
Sabi, OnePipe (onepipe.com), Sendy.it, Curacel.co, and Curacel.co have all received venture capital funding.
“The European Investment Bank is committed to improving the access of innovative enterprises to capital in Africa and around the world.” The new partnership between the EIB and Atlantica Ventures will expand specialist finance for technology and technology-enabled businesses across Africa, ensuring that technology can help create inclusive and sustainable growth.” Thomas stros, Vice President of the European Investment Bank, stated.
“Atlantica Ventures is overjoyed to announce that it has received over USD 50 million in pledges, led by the EIB and Boost Africa.” We will keep looking for new investors until the transaction is completed. The startup community benefits from Africa-focused venture capital funds. They can contribute their knowledge and experience to help new businesses grow and develop.
“Investors who have faith not only in the fund managers but also in the market’s potential gain from such funds.” Atlantica Ventures has received support from the EIB and Boost Africa, and we look forward to our partnership and joint efforts to develop and elevate the African digital sector.” Atlantica Ventures co-founder Ik Kanu stated as much.
The venture firm combines cutting-edge business strategies with cutting-edge technology to generate financial returns while also benefiting society.
Atlantica Ventures invests in companies that use technology to solve problems and generate revenue for customers and other stakeholders.
