VC4Africa B.V.
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
VC4A is registered in the Netherlands operating as a social venture with a leading platform supporting a global community of entrepreneurs, mentors, investors and business professionals building companies on the African continent since 2007. While their primary focus is on the African continent, VC4A supports entrepreneurship in other regions and now has a membership in 159 countries worldwide. The organization focuses on linking entrepreneurs to opportunities for development and growth, especially for those that do not have equal access and/or would stand to benefit from better access to resources, networks, knowledge and capital.
What is our funding objective?
FMO has partnered with VC4A to work with local partners across Africa to create a more efficient network of support for early-stage ventures. VC4A will work with incubators, accelerators, and other entrepreneur support organizations, along with investors, mentors, corporates, and more, to further develop and streamline the pipeline of startup opportunities in Ghana, Morocco and Tanzania. Ultimately, this will help increase investment flows into startups from these countries and strengthen nascent venture capital ecosystems.
Why do we fund this investment?
This project is funded through the Entrepreneurial Ecosystem Building component of the FMO Ventures Program Technical Assistance Facility, co-funded by the Dutch Government and the European Union. This component seeks to foster the maturity of the venture capital sector in targeted emerging markets by improving services of incubators, accelerators and other entrepreneurial support organizations, as well as enabling more early-stage financing for ventures.
More investments
| Date | Total FMO financing |
|---|---|
| 8/24/2023 | EUR 0.16 MLN |
| 5/26/2023 | EUR 0.04 MLN |
| 2/22/2023 | EUR 0.03 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 11/25/2021
- Total FMO financing
- EUR 0.29 MLN
- Funding
- FMO NV