Verod-Kepple Africa Ventures Closes $60M First Fund

Verod-Kepple Africa Ventures (VKAV) has closed its first fund at $60 million, with plans to back up to 21 growth-stage companies across the continent. The pan-African VC reached this milestone with support from new investors such as Nigeria's SCM Capital, Taiyo Holdings, and C2C Global Education Japan.

Following previous funding rounds in 2022 and last year, VKAV has secured investments from Japanese institutional investors like SBI Holdings, Toyota Tsusho Corporation, and Sumitomo Mitsui Trust Bank. This capital injection comes at a crucial time when there is a need for growth-stage funding in Africa.

With a focus on Series A and B investments, VKAV aims to provide support to startups in scaling their operations and achieving sustainable growth. The VC firm was launched in 2022 as a collaboration between Verod Capital and Kepple Africa, combining private equity and venture capital expertise to drive the success of portfolio companies.

Investing in companies across sectors like fintech, mobility, e-commerce, and healthcare, VKAV is committed to fostering innovation and driving economic growth in Africa. With a sector-agnostic approach and a focus on underserved markets, the fund is poised to make a meaningful impact on the region's startup ecosystem.

By leveraging its Japan connection and exploring partnerships in Asia, VKAV is well-positioned to support exceptional founders and contribute to the economic transformation of Africa. The fund's successful fundraising reflects the growing interest in African VC opportunities and the potential for sustainable investment returns in the region.