Startups in East Africa have a new fund to pitch to. Early stage Venture capital firm, AFZA Capital, has launched its first East African-based fund in Nairobi as it seeks to expand to the wider African market.The firm is offering from USD 25,000 –up to 250,000 as investments in each early-stage venture it chooses to support. The fund is targeting businesses delivering social impact through disruptive innovation.
Arif Hamid, co-founder and Managing Director at AFZA Capital, said the fund is looking at businesses from incubation to Pre-series A capital in what he said is a complete corporate support system that elevates performance.
The fund will be open to investing in early ventures with both proven operational businesses and ventures still in their concept or pre-investment phase.
Read more from source article: https://afrikanheroes.com/2020/03/09/afza-capital-launches-first-east-africa-fund-to-invest-up-to-250k-in-each-startup/
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