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African Startup Funding Tracker

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The USD 200 Mn Mastercard Foundation Africa Growth Fund Launched For Investment Vehicles
The USD 200 Mn Mastercard Foundation Africa Growth Fund Launched For Investment Vehicles

The Mastercard Foundation Africa Growth Fund (MFAGF), a fund that works through African investment vehicles to support early-stage, growth-oriented SMEs on the continent, launched today with a committed USD 200 Mn. So far, the fund has recruited two investment vehicles supporting entrepreneurial growth- one in East Africa and one in West Africa.

The fund’s goal is to enable dignified and fulfilling work for young people, particularly young women. The fund-of-funds is bold and catalytic, helping to crowd in capital for African entrepreneurs by strengthening and de-risking African investment vehicles committed to advancing gender equity in entrepreneurship. In addition to providing capital for investment vehicles, the MFAGF will offer a business development facility for their portfolio companies.