TechCrunch
Pan-African “gender equal investor“ Janngo Capital hits first close of €60M fund
After stints at Jumia as its former managing director at its Nigerian office and founding CEO of its Ivorian office, Fatoumata Bâ, a veteran of the African tech space, announced that her firm Janngo Capital was raising a €60 million fund (~$63 million) in 2019. The firm, looking to “invest 50% of its proceeds in companies founded, co-founded, or benefiting women,” received €15 million from European Investment Bank (EIB) as an anchor investor and planned to close the fund the following year. The firm, in a statement, said its “Janngo Capital Startup Fund plans to invest in startups that enable Africans to improve their access to essential goods and services and African small and medium businesses to improve their access to market and capital –and create sustainable jobs at scale, with a focus on women and youth.”
