{"id":52814,"date":"2024-07-15T17:26:32","date_gmt":"2024-07-15T17:26:32","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/?p=52814"},"modified":"2024-07-15T15:58:11","modified_gmt":"2024-07-15T15:58:11","slug":"breega-unveils-75-million-fund-targeting-african-startups","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/breega-unveils-75-million-fund-targeting-african-startups","title":{"rendered":"Breega Unveils $75 Million Fund Targeting African Startups"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Eswatini. <\/strong><\/span><b>Breega, one of Europe\u2019s leading early-stage funds, has launched its inaugural African fund, \u201cBreega Africa Seed I,\u201d aiming to establish itself as the top early-stage investor in African entrepreneurs.<\/b><\/p>\n<p>With headquarters in Paris, London, and Barcelona, Breega has been investing in businesses from over 100 countries since the inception of its first fund in 2015. The firm currently manages assets totaling $700 million.<\/p>\n<p>With the introduction of its new pan-African fund, \u201cBreega Africa Seed I,\u201d Breega has expanded its operations to include new offices in Lagos, Nigeria, and Cape Town, South Africa. The $75 million fund will be directed towards ventures in South Africa, Egypt, Nigeria, and Kenya, as well as several French-speaking African countries such as Senegal, Ivory Coast, Cameroon, and the Democratic Republic of the Congo (DRC).<\/p>\n<p>The in-house scaling team at Breega has successfully assisted several notable start-ups across the continent, including Numida, Socium, Klasha, Kwara, Coachbit, and Sava, in getting off the ground.<\/p>\n<p>The new fund is led by Melvyn Lubega, renowned for creating the digital education unicorn Go1, and Tosin Faniro-Dada, the former CEO of Endeavour in Nigeria. Lubega, who is based in Cape Town, will oversee Breega\u2019s operations across Southern and Eastern Africa.<\/p>\n<p>Despite Africa housing 18% of the world\u2019s population, the continent receives a mere 1% of global funding. Africa stands on the brink of a technological revolution, yet a significant financing gap remains. Lubega asserts that Breega, a global fund created by founders for founders, is well-positioned to help bridge this divide.<\/p>\n<p>Faniro-Dada, who manages operations across the Western and Northern African regions, brings invaluable expertise from her tenure as a director at the African fintech unicorn Flutterwave.<\/p>\n<p>A surge of innovation and ambition is sweeping across the African continent, evident in its thriving entrepreneurial landscape. The drive to address the continent\u2019s challenges fuels our entrepreneurs\u2019 aspirations. \u201cI am absolutely delighted to support them through the innovative concept we have established at Breega. It is truly inspiring,\u201d she remarked.<\/p>\n<p>Breega plans to make initial investments ranging from $100,000 to $2,000,000 with this fund. To achieve the United Nations\u2019 Sustainable Development Goals (SDGs), Breega will focus on critical sectors such as agri-tech, ed-tech, e-health, fintech, insurtech, prop-tech, and logistics, emphasizing high-impact and sustainable solutions.<\/p>\n<p><strong>For More News And Analysis About Eswatini Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Eswatini. Breega, one of Europe\u2019s leading early-stage funds, has launched its inaugural African fund, \u201cBreega Africa Seed I,\u201d aiming to establish itself as the top early-stage investor in African entrepreneurs. With headquarters in Paris, London, and Barcelona, Breega has been investing in businesses from over 100 countries since the inception of its first [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":52813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[249],"class_list":["post-52814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-eswatini"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Breega Unveils $75 Million Fund Targeting African Startups - Eswatini<\/title>\n<meta name=\"description\" content=\"Breega, one of Europe\u2019s leading early-stage funds, has launched its inaugural African fund, \u201cBreega Africa Seed I,\u201d a ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/breega-unveils-75-million-fund-targeting-african-startups\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breega Unveils $75 Million Fund Targeting African Startups\" \/>\n<meta property=\"og:description\" content=\"Breega, one of Europe\u2019s leading early-stage funds, has launched its inaugural African fund, \u201cBreega Africa Seed I,\u201d a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/eswatini\/all-news\/breega-unveils-75-million-fund-targeting-african-startups\" \/>\n<meta property=\"og:site_name\" content=\"Eswatini\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-15T17:26:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2024\/07\/sm_1721046381.452813.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/breega-unveils-75-million-fund-targeting-african-startups#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/breega-unveils-75-million-fund-targeting-african-startups\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Breega Unveils $75 Million Fund Targeting African Startups\",\"datePublished\":\"2024-07-15T17:26:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/breega-unveils-75-million-fund-targeting-african-startups\"},\"wordCount\":386,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/breega-unveils-75-million-fund-targeting-african-startups#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/eswatini\/sites\/33\/2024\/07\/sm_1721046381.452813.jpg\",\"keywords\":[\"Eswatini\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/eswatini\/all-news\/breega-unveils-75-million-fund-targeting-african-startups#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/breega-unveils-75-million-fund-targeting-african-startups\",\"url\":\"https:\/\/www.africa-press.net\/eswatini\/all-news\/breega-unveils-75-million-fund-targeting-african-startups\",\"name\":\"Breega Unveils $75 Million Fund Targeting African Startups - 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