Breega, one of the fastest-growing early-stage funds in Europe, announced the launch of its first African fund, “Breega Africa Seed I” which aims to become the leading early-stage investor in African start-ups. Since closing its first fund in 2015, Breega has grown rapidly, amassing $700 million in assets under management within nine years. By adopting a continental approach spanning Europe and Africa, Breega aims to embed itself in local ecosystems through the formation of regional teams. Footprint expansion in AfricaBuilding on its successful European strategy in Paris, London, and Barcelona, Breega has expanded its footprint with new offices in Lagos, Nigeria, and Cape Town, South Africa. These additions support the management of “Breega Africa Seed I,” a $75 million fund designed with a pan-African strategy.

Source: The North Africa Journal June 21, 2024 07:49 UTC