Deal Street

African Startup Funding Tracker

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Tofino Capital Launches USD 10 Mn Fund For Frontier Tech In Africa
Tofino Capital Launches USD 10 Mn Fund For Frontier Tech In Africa

VC firm Tofino Capital has completed the first close of USD 5 Mn of a USD 10 Mn fund focused on investing in early-stage companies in Africa, Latin America, Asia, and the Middle East. The funding comes from limited partners that include large family offices, top-tier venture funds, and HNWIs. The fund seeks to invest between USD 50 K and USD 1 Mn in pre-seed and seed companies across all sectors, but with a particular focus on B2B.