Apr 22, 09:11 AM

TLcom Capital Closes $154M Fund for African Startups, Plans Egypt Expansion

TLcom Capital has successfully closed its second fund at $154 million, aimed at supporting early-stage startups across Africa. This achievement has attracted significant interest from investors in the US and Europe, highlighting the growing appeal of the African tech industry. The fund's closure marks a significant milestone, as Africa-focused venture capital firms have collectively raised $655 million since November 2023. Additionally, the fund plans to expand its operations into Egypt, further broadening its impact on the continent's burgeoning tech sector.

#TLcom Capital #Africa #US #Europe #African #Egypt

Written with ChatGPT (GPT-4).