Launch Africa returns $2.5M to investors after 11 exits
Launch Africa, the pan-African venture capital firm with more than 180 portfolio startups, has returned $2.5 million to investors in its first fund after completing 11 exits, joining the small group of African investors that have actually returned liquidity to limited partners (LPs). African venture capital has had a returns problem. Funds were raised aggressively between 2018 and 2022, deployed across hundreds of startups, and then hit the same wall as the rest of the global
Launch Africa, a pan-African venture capital firm, has returned $2.5 million to its investors through 11 exits, marking a rare success in African venture capital. The firm's first fund has achieved positive returns, with 7% of the $36 million capital returned. The exits spanned seven sectors and six African countries, with five full exits and six partial ones. The firm's success comes as African venture capital faces challenges in generating returns for investors. Only a small number of African VC firms have managed to return capital to limited partners. Launch Africa's performance highlights a shift in the African private capital landscape, with some firms starting to see realized gains. The firm's managing partners attributed their success to strategic investment choices and exits. This development is significant as it offers hope for the broader African VC ecosystem.
This achievement highlights a rare success in African venture capital and offers hope for the broader ecosystem.
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