Verod-Kepple Africa Ventures closes $60 million pan-African fund

Verod-Kepple Africa Ventures (VKAV) has wrapped up its pan-African venture fund with a total of $60 million. This fund invests in tech-driven startups tackling tough issues across the continent.

VKAV, a collaboration between Kepple Africa Ventures and Verod Holdings, focuses on early-stage companies addressing social challenges in Africa. The fund, backed by key investors like SBI Holdings and Toyota Tsusho Corporation, aims to bridge the funding gap for growth-stage companies in Africa.

VKAV has already supported 12 startups, including Moove Africa and KOKO Networks, with plans to invest further in companies driving digital infrastructure, solving inefficiencies, and creating new markets in Africa.