TLDR:
- TLcom Capital closes Africa’s largest early-stage VC fund at $154 million
- Investments in critical logistics and supply chain management sectors have been successful
TLcom Capital, an Africa-focused venture capital firm, has achieved a significant milestone by closing its TIDE Africa Fund II at $154 million, marking Africa’s largest early-stage venture capital fund. The firm has strategically invested in startups within critical logistics and supply chain management sectors, with successful investments in companies like Kobo 360 and Twiga Food. Since announcing the first close of TIDE Africa Fund II in January 2022, TLcom has increased its headcount, expanded its investment and operational capacity, and attracted a diverse group of high-profile investors. The fund has been oversubscribed and received support from investors like the European Investment Bank, Allianz, Visa Foundation, and Bertelsmann. TLcom Capital’s focus on gender diversity and inclusion is reflected in its majority-female partnership and investment committee, as the firm aims to foster a more inclusive entrepreneurial ecosystem by deploying additional capital into female-founded tech startups in Africa. The firm’s commitment to early-stage investments and collaboration with tech innovators across the continent demonstrates its belief in the potential of African companies.
