Breega, a leading European venture capital firm, has announced the launch of its first fund dedicated to Africa, “Breega Africa Seed I”. The fund aims to become a primary early-stage investor in African startups showing high growth potential and impact.
With a strong track record in investing across various sectors in startups, Breega has managed assets totaling $700 million since its establishment in 2015, investing in over 100 startups across 15 countries.
As investment opportunities in Africa grow, Breega has opened new offices in Lagos, Nigeria, and Cape Town, South Africa, to manage the “Breega Africa Seed I” fund. The fund, sized at $75 million, focuses on investing in startups in Nigeria, Egypt, South Africa, Kenya, as well as French-speaking African countries like Morocco, Senegal, Ivory Coast, Cameroon, and the Democratic Republic of Congo.
Breega aims to support startups that positively impact African communities, including sectors such as agri-tech, edtech, e-health, fintech, insurtech, infrastructure, and logistics services.
As a first investor, Breega will provide checks ranging from $100,000 to $2 million to startups. The fund will also offer comprehensive support, including strategic guidance and access to a wide network of partners.
Breega has expressed its commitment to supporting the growth and development of startups in Africa, having already invested in promising African startups such as Numida, Socium, Klasha, Kwara, Coachbit, and Sava.
