Amidst global investment downturn, Microtraction announces a $15 million first close of its community fund
submitted about 4 years ago by taya
submitted about 4 years ago by taya
- Microtraction, an African VC firm, has announced a $15 million community fund to support early-stage startups in Africa.
- They have a three-fold strategy that includes an open application format, defined investment criteria, and a collaborative relationship with founders to help them grow.
- The firm has a successful track record of investing in startups, with over $100 million raised in follow-on funding and a combined valuation of over $760 million for their portfolio companies.
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