Pan-African VC Launch Africa Closes First Fund At USD 36.3 Mn

Pan-African venture capital fund Launch Africa Ventures today is announcing the close of its USD 36.3 Mn fund, which it has primarily used to invest in B2B and B2B2C startups across Africa. The fund mostly backs seed and pre-Series A startups and provides ticket sizes ranging between USD 250 K to USD 300 K. According to the company, it has backed 108 startups across 21 African countries.