Seedstars Africa Ventures Secures Commitment From LBO France

Seedstars Africa Ventures has received a commitment from French private equity firm LBO France towards its USD 100 Mn fund for early-stage African tech startups. Seedstars partnered with the Paris-based VC firm First Growth Ventures to launch the fund in 2019. LBO France, has provided EUR 6.3 billion (USD 7.5 Mn) for the fund. The fund focuses on financing innovative companies operating in Sub-Saharan Africa in seed and Series A rounds.