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.
