Launch Africa Ventures has made its first cash distribution to its limited partners (LPs) from its Launch Africa Seed Fund I, returning approximately US$2.5 million – around 7 per cent of paid-in capital.
Launch Africa Ventures is a leading pan-African venture capital fund and one of the most active early-stage investors on the continent, with more than 180 portfolio companies across its two funds, spanning 25 African countries.
The firm invests from pre-seed to seed to pre-Series A tech companies solving significant challenges across fintech, health-tech, agri-tech, logistics, ed-tech and enterprise software, and supports its portfolio with follow-on capital, global distribution partnerships, and access to a network of more than 400 LPs across 45 countries.
Launch Africa Ventures has now made its first cash distribution to LPs from its Launch Africa Seed Fund I, returning approximately US$2.5 million – around seven per cent of paid-in capital. The distribution follows 11 completed portfolio exits, and the milestone makes the 2020-vintage fund DPI-positive at a time when half of global venture funds from the same vintage have yet to return any capital to their investors.
“This distribution is an important milestone – for our investors and for the African venture ecosystem more broadly. Venture capital is ultimately judged on realised returns, not paper gains. We are proud to show that African technology companies can generate liquidity, and that our investors can receive cash while significant upside still remains in the portfolio,” said Zachariah George, managing partner of Launch Africa Ventures.
“From day
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