Exclusive: African VCs are turning to secondary markets for liquidity
Africa’s funding boom gave birth to a market for secondary sales of startup shares but as big deals slow, it is getting harder to find buyers.
Source: techcabal.com
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Meet the Investor: Aniko Szigetvari, Atlantica Ventures
Atlantica Ventures, an Africa-focused impact VC fund co-founded by Aniko Szigetvari and Ik Kanu in 2019, has made eight investments so far, and still has plenty of its US$50 million fund left to disperse as it seeks to power African tech startups from seed through to Series B.
Source: disrupt-africa.com
EIB invests €12.5M in African tech start-up fund Atlantica
New venture capital investment to support African tech-start-ups Atlantica Ventures latest specialist innovation financing partner to benefit from Boost Africa Support for African start-ups unveiled at EU-Africa Business Forum Venture capital investment in innovative and technology driven companies across Africa will be enhanced by over USD 11.3 million (c. EUR 10m) in junior capital from Boost Africa and USD 12.5m (c. EUR 11m) in senior capital European Investment Bank backing for start-up fund Atlantica.
Source: sciencebusiness.net