24 July 2023
Promoter – Financial Intermediary
SEEDSTARS AFRICA VENTURES INVESTMENT MANAGEMENT SAS
The operation consists of an equity participation in the junior tranche of Seedstars Africa Ventures 1, a closed-ended venture capital fund investing into high-growth small and medium sized enterprises (SMEs). In detail, the fund focuses on SMEs leveraging digital technologies to deliver services across sectors in Sub-Saharan Africa, primarily West and East Africa, and to a lesser extent, North Africa.
The aim is to support job creation, digitalisation and private sector development, by increasing access to risk capital to local high-growth SMEs. The fund will invest into a diversified portfolio of companies, supporting the value creation of the underlying investees through a hands-on management approach. It will also enhance their Environmental, social, and governance (ESG) standards.
- Information and communication
- Financial and insurance activities
Proposed EIB finance (Approximate amount)
USD 10 million (EUR 9 million)
Total cost (Approximate amount)
USD 80 million (EUR 75 million)
The Fund will operate in line with the EIB's environmental and social standards.
Approved - 12/09/2023