Africa's Janngo Capital Secures $78 Million for Gender-Equality Fund

Wednesday, 30 October 2024, 06:05

Africa's Janngo Capital has announced the closing of its second fund at $78 million, focusing on gender-equality in investments. This significant capital raise, up from the initial target of €60 million, underscores the growing emphasis on gender-equal ventures in Africa. Under the leadership of Fatoumata Bâ, Janngo Capital steers the push for social impact within the investment landscape, championing female entrepreneurship.

Techcrunch — Africa's Janngo Capital Secures $78 Million for Gender-Equality Fund

The funding landscape in Africa is evolving, with Janngo Capital taking a bold step forward. This new fund will focus on investing in gender-equality initiatives, addressing lingering disparities in investment opportunities for women.

Significant Milestones for Janngo Capital

Janngo Capital's new fund was closed at an impressive $78 million, exceeding the initial target by 20%. This fund reflects a rising recognition of the importance of gender equality in venture capital.

Fatoumata Bâ's Vision

Under the dynamic leadership of Fatoumata Bâ, Janngo Capital aims to reshape the investment landscape that prioritizes gender-focused enterprises.

First close: €26 million
Key partners: African Development Bank Group
Target sector: Gender-equality

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Significant Milestones for Janngo Capital

Fatoumata Bâ's Vision

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