Janngo Capital Startup Fund Reaches First Close Of Its Fund At USD 33.9 Mn

Janngo Capital Startup Fund (JCSF), a venture capital fund managed by Janngo, has announced its first close at €34 million (USD 33.98 Mn) in capital commitments, to invest 50% of its proceeds in companies founded, co-founded, or benefiting women.

The fund management company plans to invest €60 million (USD 59.96 Mn) in startups leveraging technology to leapfrog development and achieve SDGs in Africa. It will provide up to €5 million (USD 5 Mn) in seed and growth investments to early-stage tech and tech-enabled startups that enable Africans to improve their access to essential goods and services such as healthcare, education, or financial services, or allow African SMEs to improve their access to market & capital or create sustainable jobs at scale, with a focus on women & youth.