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Tech in Africa Oui Capital Money

Pan African VC Oui Capital secures first close of its $30 million second fund

Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated
Pan African VC Oui Capital secures first close of its $30 million second fund
Photo by Vladimir Solomianyi / Unsplash

Oui Capital, an investment firm focusing on the African startup ecosystem, has raised over $11 million of the $30 million target for its second fund, tagged, Oui Capital Mentors Fund II.

  • The new fund will be deployed as up to $750,000 per startup, the VC claims.
  • Founded in 2019, Oui Capital invests in tech-driven startups with innovative businesses that will shape Africa.
  • With its $10 million debut fund, the VC invested in 18 startups spanning fintech, logistics, mobility, e-commerce, healthcare, and enterprise software, startups such as TeamApt, MVX, Akiba Digital, Duplo, NoVo, Maad and others.
  • Oui has invested in startups in Nigeria, Kenya, Senegal, Egypt, and South Africa, and plans to extend its investments to North Africa and the Francophone Africa regions.
Oluwajuwonlo Afolabi profile image
by Oluwajuwonlo Afolabi
Updated

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