💸 Fatoumata Bâ's Janngo Capital Launches €73M 2nd Fund to Back African Startups
FemWealth Issue #183
Hi FemWealth Friends,
In the Spotlight 💸
Founded and led by Fatoumata Bâ, Janngo Capital is an Africa-focused VC firm investing in startups in the healthcare, logistics, financial services, retail, agritech, mobility, and the creator economy sectors.
The firm with offices in Abidjan, Mauritius, Tunis, and Paris raised €73 million for its second fund.
“Africa represents 17% of the global population, yet attracts only 1%-2% of global VC funding, a share that has remained stagnant despite growth from $150 million raised a decade ago to around $4 billion-$5 billion today. If we believe tech is critical to economic development in Africa, we should have proportional access to VC. That’s why our goal wasn’t just about hitting the target or achieving oversubscription — I wanted to attract private LPs, especially African LPs.” - Fatoumata Bâ, Founder of Janngo Capital (via TechCrunch)
With its second fund, Janngo Capital aims to write cheques between €50,000 and €5 million, in 10 to 15 companies from Seed to Series B. Female-founded or led startups make up 56% of its portfolio.
Read more: African ‘gender equal’ VC Janngo Capital closes second fund at $78M
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Anamaria
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