Ring Capital, a VC firm, has introduced Ring Africa, an impact investment vehicle focused on French-speaking West Africa. With a target of EUR50 million (US$55 million), Ring Africa aims to back young startups with strong social and environmental impacts. It is part of Ring Capital’s commitment to financing entrepreneurs addressing key societal and environmental challenges. This initiative follows the launch of GENERATIONS, their impact seed fund in 2023. Ring Africa will support startups at pre-seed, seed, and Series A stages, emphasizing solutions tailored to Africa’s challenges such as transitioning to the formal economy, climate change adaptation, and sustainable agriculture. Notably, it will also promote the growth of impact entrepreneurship among women. Nicolas Celier, co-founder of Ring Capital, expressed enthusiasm for this launch, highlighting its potential to improve living conditions and foster a new generation of business leaders in Africa amidst climate change and social challenges.
Trending
Kenya Faces Tax Shake-Up: Impact on Digital Services & Startups
East Africa Internet Outage: Undersea Cable Breaks Disrupt Connectivity
Zimbabwe Politician’s Son Arrested for Illegally Possessing Starlink Terminal
Airtel Africa’s Mobile Money IPO: Expanding Horizons in 2025
Unveiling Africa’s Top Ten Tech Sectors: Transforming Industries and Empowering Communities
Building Investment-Worthy Startups: Strategies for Success
WhatsApp Introduces Chat Filters: Streamlining Message Management for Users
Unraveling Bitcoin’s Energy Appetite: Understanding Mining and Environmental Impact
Baobab Network Acquires Reflector Marketing: Boosting Support for African Startups
Google rolls out Gemini in Android Studio for coding assistance
Ring Capital introduces a fresh $55 million fund tailored for early-stage impact startups.
- by Story Teller
- March 13, 2024
- 2 minute read
Popular Tags:
Story Teller
EditorTechbaraza stories stands as the foremost technology blog in Africa, offering high-quality insights into various ICT-related topics. Covering a spectrum of subjects including web technology, web trends, software development, telecommunications, mobile technology, technology trends, industry updates, reviews, analyses, interviews, and news, Techbaraza stories is a comprehensive source of information on the dynamic landscape of technology in the African continent.