Atlantica Ventures Secures USD 50 Mn To Invest In African Startups

Atlantica Venture, an African impact-focused Venture Capital fund investing in tech and tech-enabled start-ups, has secured USD 50 Mn to expand its operations. The latest funding in the pledge was led by the European Investment Bank (EIB) and Boost Africa.

Atlantica Ventures intends to contribute to the development of the wider ecosystem by promoting the emergence of the next generation of female technology investors as a mainly female-owned and managed fund. The VC backs entrepreneurs who use technology to solve problems and create an economic potential for their consumers and other stakeholders.