Paris-based VC Breega hits first close of $75M Africa fund to back pre-seed and seed startups
- Breega is launching a $75 million fund to invest in early-stage startups in Africa.
- The fund, called Africa Seed I, has already secured commitments for around 70% of the capital in the first close.
- Breega plans to invest between $100,000 and $2 million in startups across Nigeria, Egypt, South Africa, Kenya, and other Francophone African markets.
Breega's decision to launch a fund for early-stage startups in Africa shows their confidence in the continent's growing tech ecosystem. With their experience and expertise, they aim to provide not only capital but also operational support to help these startups succeed. By focusing on key industries and targeting both the Big Four markets and smaller African countries, Breega is well-positioned to make a significant impact in the African VC scene.
