Tunisia’s ANAVA invests $4.3m in Janngo's women-focused fund
TLDR
- ANAVA fund allocates $4.3 million investment to Janngo Capital Startup Fund (JCSF) focusing on technology in Africa and promoting gender equality.
- JCSF targets $65 million to invest in 25 startups in francophone Africa, supporting early-stage technology companies in healthcare, education, and financial services sectors.
- Backed by World Bank, CDC, and KFW, JCSF aims to empower African startups by providing market access, vital capital, and creating sustainable job opportunities for women and youth.
Tunisia's fund of funds, "ANAVA," managed by Smart Capital, has recently allocated a $4.3 million investment to the Janngo Capital Startup Fund (JCSF), a technology fund primarily focusing on Africa and advocating for gender equality. This initiative marks the second investment vehicle for Janngo Capital Partners.
With a targeted size of $65 million, the JCSF aims to invest in 25 startups located in francophone Africa, including Tunisia. The fund's primary objective is to support early-stage technology startups operating in key sectors such as healthcare, education, and financial services.
Backed by prominent institutions including the World Bank, Caisse des Dépôts et Consignations (CDC), and the KFW, the JCSF is poised to empower African startups by facilitating their market access and securing vital capital. Additionally, it seeks to foster the creation of sustainable employment opportunities, particularly for women and youth across the continent.
Key Takeaways
Indeed, there is a growing trend of small- to medium-sized funds targeting opportunities in Africa and other frontier markets. Recently established firms such as Uncovered Fund, LoftyInc Capital, Savannah Fund, and Ventures Platform are examples of Africa-focused entities capitalizing on this trend. These funds recognize the immense potential of African markets and are actively seeking to invest in promising startups and innovative ventures across the continent, including Tunisia, one of the fastest-growing in recent years. The country boasts a pool of highly educated talents who are leading the founding of new startups and shaping the future trajectory of its people.
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