Atlantica Ventures, an African tech startup fund, has raised $11.3 million in junior financing from Boost Africa and $12.5 million in senior capital from the European Investment Bank.
Atlantica Ventures, an early-stage pan-African impact-focused venture capital fund, was founded by Aniko Szigetvari and Ik Kanu with the premise that African entrepreneurs channeling their passion and expertise via technology can and will tackle Africa’s and the world’s challenges.
To date, Sabi, OnePipe (onepipe.com), Sendy.it, Curacel.co, and Curacel.co have received funding from the venture capital firm.
“The European Investment Bank is dedicated to enhancing innovative enterprises’ access to capital in Africa and around the world. The EIB’s new cooperation with Atlantica Ventures will expand specialist finance for technology and technology-enabled businesses across Africa, ensuring that technology can help create inclusive and sustainable growth.” Vice President of the European Investment Bank, Thomas stros, stated.
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“Atlantica Ventures is ecstatic to report that it has secured over USD 50 million in pledges, led by the EIB and Boost Africa.” We will continue to look for more investors until the transaction is completed. Africa-focused venture capital funds are beneficial to the startup community. They can contribute their knowledge and experience in order to assist start-ups in their growth and development.
“Investors who believe not only in the fund managers but also in the market’s potential gain from such funds. Atlantica Ventures has been supported by the EIB and Boost Africa, and we look forward to the relationship and combined endeavor to develop and uplift the African digital sector.” Ik Kanu, a co-founder of Atlantica Ventures, said as much.
The venture firm blends cutting-edge business strategies with cutting-edge technology to generate financial returns while also having a beneficial social impact.
Atlantica Ventures backs businesses who use technology to solve problems and generate revenue for customers and others.