Janngo Capital has announced its first close at EUR34m in capital commitments for its second fund called Janngo Capital Startup Fund (JCSF).
Janngo Capital Startup Fund is backed by:
- The European Investment Bank (EIB),
- The African Development Bank (AfDB),
- Boost Africa, a joint initiative supported by the European Union and led by the EIB and the African Development Bank (AfDB),
- Proparco,
- Burda Principal Investments (BPI),
- Muller Medien,
- An ex-KKR Partner & Private Equity veteran with a experience in emerging markets.
Launched in Davos in 2020, Janngo Capital’s latest fund will invest 50% of its proceeds in companies founded, co-founded, or benefiting women. It plans to invest EUR60m in startups leveraging technology to leapfrog development and achieve SDGs in Africa.
Led by Fatoumata Bâ, Founder & Executive Chair, Janngo Capital Startup Fund will provide up to €5m seed and growth investments to early-stage tech and tech-enabled startups that (1) enable Africans to improve their access to essential goods and services such as healthcare, education or financial services, (2) enable African SMEs to improve their access to market & capital, or (3) create sustainable jobs at scale, with a focus on women & youth.
Its current sectors of investment include healthcare, logistics, financial services, retail, food & agri, mobility and the creative industry.
Janngo Capital operates under a full Alternative Investment Fund Management license with main offices in Abidjan & Paris.
FinSMEs
27/09/2022