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  3. Amidst global investment downturn, Microtraction announces a $15 million first close of its community fund
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business

Amidst global investment downturn, Microtraction announces a $15 million first close of its community fund

techcabal.com/2022/0...

submitted about 4 years ago by taya

Amidst global investment downturn, Microtraction announces a $15 million first close of its community fund

submitted about 4 years ago by taya

Amidst global investment downturn, Microtraction announces a $15 million first close of its community fund
  • 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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