*Data updated daily at 18:00 EAT
Early-stage investor Antler has closed its oversubscribed East Africa investment fund at USD 13.5 Mn to continue to support early-stage tech startups in the region. Leading investors such as Baillie Gifford, institutional investors such as IFC, and family offices like Canica participated in the round.
The model will be twofold, accepting founders looking to build their businesses with Antler from scratch, as well as early-stage startups looking to raise capital. Antler aims to provide one of the shortest institutional funding cycles for a global fund in Africa, focused on bringing coaching and true value to all our founders from day one. The company plans to make 35 new investments over the coming three years.