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Monday, June 17, 2024

ANAVA Fund of Funds commits investing €4 million in Janngo Capital Startup Fund

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With a goal measurement of €60 Million, ANAVA commits to put money into about twenty-five startups in francophone Africa, to allow Africans to enhance their entry to important items and companies corresponding to healthcare, training, or monetary companies; African Begin-ups to enhance their entry to market & capital; or create sustainable jobs at scale, with a deal with girls and youth.

With confirmed funding monitor file in Tunisia, together with the early funding and profitable exit in Expensya, the ANAVA is backed by top-tier buyers corresponding to European Funding Financial institution (EIB), Africa Improvement Financial institution (AfDB) and Proparco, and a €10 million first loss mechanism offered by the European Fee by the Enhance Africa initiative.

That is ANAVA first funding in Pan-African funds. It should assist Tunisian Startups to widen its market and its presence in rising Africa and ANAVA to construct connections with different world gamers on the continent” feedback Alaya Bettaieb, Director Common of Good Capital.

“An extra 4 million euros fairness funding in Janngo Capital Startup Fund from Good Capital will improve funding for progressive tech startups in Africa, particularly Francophone international locations and corporations based by girls,” feedback Fatoumata Bâ, Founder and Govt Chair of Janngo Capital. “This dedication instantly contributes in direction of investing in main early-stage start-ups to assist unlock a large development and constructive financial, social and environmental impression, in Tunisia and past.”


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