TLDR:
- TLcom Capital has closed its second Africa-focused technology fund, the TIDE Africa Fund II, at $154 million.
- This makes TLcom Capital the largest early-stage VC fund on the continent, empowering it to invest in innovative solutions by elite founders.
In a significant move for the African tech investment landscape, venture capital firm TLcom Capital has announced the closing of its second Africa-focused technology fund, the TIDE Africa Fund II. With a total of $154 million in funding, the TIDE Africa Fund II is more than double the size of TLcom Capital’s first fund, the TIDE Africa Fund I, which closed in 2020.
This milestone has cemented TLcom Capital’s position as the largest early-stage VC fund on the continent. The fund aims to support elite founders in solving Africa’s biggest challenges by investing in innovative solutions. With this significant amount of funding, TLcom Capital is well-equipped to drive positive change and foster technological advancements in Africa.
Overall, the TIDE Africa Fund II marks a major development in the African tech investment landscape, showcasing growing interest and support for innovative solutions and ventures on the continent.
