Uncovered Fund of Japan launches a $15 million fund

[]
Uncovered Fund of Japan launches a $15 million fund -1; } /* Disable tracking if the opt-out cookie exists. */ if ( __gaTrackerIsOptedOut() ) { window[disableStr] = true; } /* Opt-out function */ function __gaTrackerOptout() { document.cookie = disableStr + ‘=true; expires=Thu, 31 Dec 2099 23:59:59 UTC; path=/’; window[disableStr] = true; } if ( ‘undefined’ === typeof gaOptout ) { function gaOptout() { __gaTrackerOptout(); } } if ( mi_track_user ) { (function(i,s,o,g,r,a,m){i[‘GoogleAnalyticsObject’]=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) })(window,document,’script’,’//www.google-analytics.com/analytics.js’,’__gaTracker’); __gaTracker(‘create’, ‘UA-143077592-1’, ‘auto’); __gaTracker(‘set’, ‘forceSSL’, true); __gaTracker(‘require’, ‘displayfeatures’); __gaTracker(‘send’,’pageview’); } else { console.log( “” ); (function() { /* https://developers.google.com/analytics/devguides/collection/analyticsjs/ */ var noopfn = function() { return null; }; var noopnullfn = function() { return null; }; var Tracker = function() { return null; }; var p = Tracker.prototype; p.get = noopfn; p.set = noopfn; p.send = noopfn; var __gaTracker = function() { var len = arguments.length; if ( len === 0 ) { return; } var f = arguments[len-1]; if ( typeof f !== ‘object’ || f === null || typeof f.hitCallback !== ‘function’ ) { console.log( ‘Not running function __gaTracker(‘ + arguments[0] + ” ….) because you are not being tracked. ” + mi_no_track_reason ); return; } try { f.hitCallback(); } catch (ex) { } }; __gaTracker.create = function() { return new Tracker(); }; __gaTracker.getByName = noopnullfn; __gaTracker.getAll = function() { return []; }; __gaTracker.remove = noopfn; window[‘__gaTracker’] = __gaTracker; })(); } ]]>

Uncovered Fund, a venture capital company targeting African early-stage start-ups, announced that it has launched its $15 million fund.

The company will invest $50,000 to $500,000 in seed and Series A stages of African start-ups.

Takuma Terakubo was CEO of Leapfrog Ventures before the Uncovered Fund.

As well as the Japanese start-up incubator, Samurai Incubate, the Samurai Incubate Fund was launched; a fund focused on early-stage African start-ups.

Throughout his time there, the company raised more than $4.5 million for start-ups in Kenya, Uganda, Rwanda, South Africa, Ghana and Nigeria.

Uncovered Fund focuses on startups operating in the retail, fintech, healthtech, logistics, MaaS, agritech, and smart city sectors centered in Kenya, Nigeria and South Africa.

By supporting 15 startups this year and furthering synergies between African founders and Asian investors, Terakubo says his VC firm hopes to increase this number.

He also said that “We are looking for African startups to expand their business across multiple countries. So, we welcome startups from any country as long as the business can scale.”

More on Tech Gist Africa

The Japan International Cooperation Agency (JICA) is expanding its (NINJA Accelerator) start-up accelerator program to Kenya

Venture capital company, Knife Capital has raised $10 million for its Series B funding round

HearX Group, South African e-health startup raises $8.3m Series A funding round

Get real time update about this post categories directly on your device, subscribe now.

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

No Result

View All Result

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy. venture capital company targeting African early-stage start-ups, announced that it has launched its $15 million fund.rnrnThe company will invest $50,000 to $500,000 in seed and Series A stages of African start-ups.rnrnTakuma Terakubo was CEO of Leapfrog Ventures before the Uncovered Fund.rnrnAs well as the Japanese start-up incubator, Samurai Incubate, the Samurai Incubate Fund was launched; a fund focused on early-stage African start-ups.rnrnThroughout his time there, the company raised more than $4.5 million for start-ups in Kenya, Uganda, Rwanda, South Africa, Ghana and Nigeria.rnrnUncovered Fund focuses on startups operating in the retail, fintech, healthtech, logistics, MaaS, agritech, and smart city sectors centered in Kenya, Nigeria and South Africa.rnrnBy supporting 15 startups this year and furthering synergies between African founders and Asian investors, Terakubo says his VC firm hopes to increase this number.rnrnHe also said that “We are looking for African startups to expand their business across multiple countries. So, we welcome startups from any country as long as the business can scale.”rn