Chui Ventures closes $17.3M Fund I to back African startups
- Chui Ventures closed its debut Fund I at $17.3 million, surpassing the initial target of $10 million.
- The fund has attracted commitments from over 30 high-net-worth individuals and institutions, with 90% of investors being African.
- Chui Ventures has deployed 60% of its committed capital into 18 portfolio companies across five countries.
TechCabal - Nov 25, 2025
Chui Ventures surpasses $10 million target at close of first fund
Chui Ventures has successfully raised $17.3 million for its debut fund, exceeding its target of $10
Chui Ventures exemplifies a progressive approach to venture capital in Africa, emphasizing local investment and gender inclusion. This strategy not only fosters economic growth but also addresses social challenges, making it a model for future funds. The success of Fund I and the ambitious plans for Fund II indicate a strong belief in the potential of African entrepreneurs to drive transformative change.
