VC firm Ring Capital has announced the launch of Ring Africa, its impact investment vehicle for French-speaking West Africa, which aims to support young start-ups with a strong social and environmental impact, and has a target of EUR50 million (US$55 million).
Ring Capital finances and supports entrepreneurs offering solutions to key social and environmental challenges through three investment vehicles and a philanthropic fund. Following the launch of its impact seed fund, GENERATIONS, in 2023, Ring Capital has now launched Ring Africa, an impact investment fund aimed at startups in Francophone West Africa.
This fund, with a target size of EUR50 million (US$55 million), will support the strong growth of impact entrepreneurship in Francophone West Africa. Targeting startups at the pre-seed, seed and Series A stages, investments will focus on solutions specific to the African continent’s challenges, including transitioning to the formal economy, adapting to climate change, and developing sustainable agriculture and consumption.
Ring Africa will specifically support the new generation of entrepreneurs and the feminisation of entrepreneurship.
“Africa, which is already experiencing the consequences of climate change and its social repercussions, is simultaneously witnessing the emergence of structural solutions for its future. Being an impact investor means giving a chance to environmental and social solutions and financing a new generation of entrepreneurs. We are very excited about this launch, which will enable us to concretely improve living conditions and support a new generation of business leaders,” said Nicolas Celier, co-founder of Ring Capital.
Source: disruptafrica.com
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