Deal Street

IFC To Invest KSH 215 Mn In Nairobi Based Antler EA
IFC To Invest KSH 215 Mn In Nairobi Based Antler EA

The International Finance Corporation (IFC), a subsidiary of the World Bank, plans to invest KSH 215 Mn (about USD 2 Mn) in Antler East Africa, a Nairobi-based VC firm. The funds will be invested in pre-seed opportunities in East Africa and beyond.

Antler EA is a global early-stage VC firm that aims to enable and invest in exceptional entrepreneurs by providing them with funds and access to a global network of advisors. The VC firm seeks to raise USD 15 Mn in capital commitments to support early-stage women-owned startups.

IFC intends to invest in USD 1.5 Mn through Catalyst and USD 500 K through the Women Entrepreneurs Finance Initiative (We-Fi).