Africa Tech Ventures raises $7.5m from African Development Bank to boost African startups

The equity investment into ATV will be invested into early stage startups that improve and facilitate access of essential goods and services to the underserved, effectively promoting inclusive growth in key sectors such as consumer goods, corporate services, education, logistics, energy, fintech, agriculture or healthcare.

The overarching goal of ATV is to expand economic opportunities for African youth by providing 15 to 20 start-ups with capital throughout their growth cycle. This will enable them grow from 1 thousand to 1 million users.

Source: TechMoran



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