Startupbootcamp, Ashish Thakkar Launch 250 Million Fund For African Startups
- Startupbootcamp, Mara Group, and Blend Financial Services launch a 250 million fund to support emerging tech companies in Africa.
- The fund targets key tech ecosystems in South Africa, Nigeria, Kenya, Ivory Coast, and Egypt, with investments set to begin within six months.
- Ashish Thakkar aims to scale African startups by providing early and later-stage capital, fueling growth from angel investments to pre-IPO rounds.
Startupbootcamp has partnered with East African entrepreneur Ashish Thakkars Mara Group and Blend Financial Services to create a 250 million fund aimed at supporting emerging technology companies in Africa.
This collaboration represents a bold push to accelerate innovation and entrepreneurship across the continent.
The fund, which is in its final stages of securing additional backing from development institutions, plans to start making investments in the next three to six months.
Thakkar, speaking in an interview, revealed that discussions are ongoing with several stakeholders to increase the funds financial support.
Targeting key tech ecosystems in AfricaThe new initiative was finalized at the Future Investment Initiative FII in Saudi Arabia last week, marking a significant milestone for the partnership.