Grace Ashiru
Seedstars Capital and Fondation Botnar have launched the “Seedstars Youth Well-being Ventures mandate”, a $20 million investment aimed at enhancing the welfare of youths in Africa’s lower- and middle-income countries.
The partnership has already demonstrated its potential with an early joint investment in Chargel, a logistics technology firm based in Senegal. The start-up, leveraging technology to enhance efficiency in the disjointed logistics sector, raised $2.5 million in seed funding.
The newly launched mandate will focus on pre-seed to Series A companies, concentrating on sectors including health services, environmental sustainability, local food security, water and sanitation, waste management, digital technologies, quality education, job accessibility, financial services, safe transportation, and affordable housing.
The Seedstars Youth Well-being Ventures is expected to invigorate additional capital influx into the continent and will likely co-invest with similar-minded investors. The investment drive will span Africa, primarily focusing on businesses active in or expanding to Tanzania, Ghana, Senegal, Morocco, and Egypt.
Seedstars, established in 2012 by Pierre-Alain, Michael, and Adrien, operates as an alternative investment platform committed to backing emerging fund managers and investing in technology companies in emerging and frontier markets. In contrast, Fondation Botnar is a Swiss philanthropic foundation dedicated to advancing the health and well-being of young people in urban areas worldwide.
The two firms’ collaboration signifies their dedication to creating a positive impact through strategic investment.
