VKAV Raises $60M for African Growth-Stage Companies
Verod-Kepple Africa Ventures (VKAV) has successfully raised $60 million for its inaugural fund. The fund, a collaboration between Verod Capital Management and Kepple Africa Ventures, aims to address the capital gap for African companies in Series A and B stages.
VKAV's first fund has attracted a diverse range of investors. Key investors include Japanese entities such as SBI Holdings, Toyota Tsusho Corporation, Sumitomo Mitsui Trust Bank, Japan International Corporation Agency, and Japan ICT Fund. Other investors include Taiyo Holdings and C2C Global Education Japan.
The fund will focus on supporting growth-stage companies in digital infrastructure, business-to-consumer efficiencies, and new market opportunities. VKAV offers comprehensive support to its portfolio companies, assisting in fundraising, partnerships, governance, talent acquisition, and legal affairs. Twelve companies, including Moove Africa and KOKO Networks, have already received funding from VKAV.
Verod-Kepple Africa Ventures has demonstrated its commitment to African growth-stage companies with its inaugural fund. With a strong portfolio of investors and a clear focus on supporting digital infrastructure and new market opportunities, VKAV is well-positioned to bridge the capital gap for African companies.
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