From TechCrunch
By Annie Njanja
November 2, 2023
SBI Holdings, a Japanese financial services conglomerate and one of the largest venture capital firms in the East Asian country, has made a $40 million multi-fund commitment to anchor pan-African VC firm Novastar Ventures’ future funds. Following the deal, SBI Holdings will take a minority stake in Novastar and get a non-executive seat in its […]
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African ‘gender-equal’ VC Janngo Capital closes second fund at $78M
Pan-African venture capital firm Janngo Capital has closed its oversubscribed second fund at €73 million ($78 million), 20% more than its target of €60 million (~$63 million). In 2022, Janngo Capital reached the first close of its second fund at €26 million, receiving capital from several limited partners, including the African Development Bank Group (AfDB) and European Investment Bank (EIB). Both anchor investors also participated in the fund’s second and final close, founder and executive ch
Oct 29, 2024
Altos Ventures, an early backer of Coupang and Roblox, raises $500M fund
Altos Ventures, the Silicon Valley venture capital firm that has backed the likes of Roblox, Coupang, PandaDoc and Quizlet, has secured $500 million for its latest fund, according to SEC filings. The firm has been around for almost three decades and this is its largest fund to date. Altos Ventures declined to comment on the filing or the new fund. The multistage VC firm manages over 15 funds across three vehicles, according to PitchBook. They include Altos Ventures and Altos Hybrid funds, which
Nov 12, 2024
Flourish Ventures, a ‘fintech venture fund with a purpose,’ secures $350M in new capital
Flourish Ventures, an early-stage venture firm investing exclusively in fintech companies in the U.S. and in emerging markets, has secured $350 million in fresh capital, TechCrunch is the first to report. The new raise brings the four-year-old firm’s total assets under management to $850 million. Unlike traditional venture outfits, Flourish is an evergreen firm, meaning […]
Oct 25, 2023
Ventures Platform, one of Africa’s most active early-stage investors, has raised another $64M
The Lagos-based firm and one of Africa’s most active early-stage investors is targeting a final close of $75 million for its second fund.
Nov 6, 2025