• Investment Scope: Launch Africa Ventures has allocated $4.3 million to 16 startups across 11 African countries as part of its second fund.
• Founders and Initial Fund: Founded by Zachariah George and Janade du Plessis in July 2020, with Margaret O’Connor as chairperson, the firm closed its first fund, Launch Africa Ventures Fund 1, at $36.3 million in March 2022, attracting 238 investors from 40 countries.
• Diverse Investments: The second fund has invested in startups across various sectors, including car service marketplace Servisor, logistics platform Shiprazor, FMCG insights platform Lengo, and data management startup Periculum, among others.

Launch Africa Ventures has committed $4.3 million to 16 startups across the continent as part of its second fund, following 133 investments made through its first fund.

Founded in July 2020 by Zachariah George and Janade du Plessis, with Margaret O’Connor as chairperson, Launch Africa Ventures closed its first fund, Launch Africa Ventures Fund 1, in March 2022 with $36.3 million, supported by 238 retail and institutional investors from 40 countries.

With Fund II, Launch Africa Ventures aims to continue investing in, growing, and scaling top technology-driven ventures in Africa. The firm is dedicated to being a top-performing, value-adding, and founder-friendly investor in the African VC and startup ecosystem.

So far, the second fund has invested in 16 startups that align with its focus on founder diversity, sector strength, market opportunities, and geographic reach, deploying $4.3 million across 11 African countries.

Key investments include: South African startups: Servisor (car service marketplace), Credit Circuit (working capital service), and Shiprazor (logistics platform); Senegalese startups: Lengo (FMCG insights platform), Paps (logistics service), and Solarbox (energy company)

In addition the Kenyan startups include Logistify (inventory tracking platform) and Octavia Carbon (direct air capture) Nigerian startups: Periculum (data management) and Kredete (lending marketplace)Additional investments include Zambian prop-tech startup Bosso, DRC-based beauty startup Zuri, Ivory Coast-based e-health company Meditect, Rwandan e-health startup Viebeg, Ghanaian e-bike venture Wahu! (formerly MANA Mobility), and an Egyptian e-health startup.