Individuals
Businesses
Company
Intelligence
News
African Capital Markets
EnglishEnglish
share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram

SA-based E4E Africa reaches first close of $30m fund

Daba Finance/SA-based E4E Africa reaches first close of $30m fund
BREAKING NEWSDecember 15, 2023 at 4:50 PM UTC

E4E Africa, a South Africa-based VC fund, has reached the first close of its E4E Africa Fund II, aiming for a total size of $30 million. Launched in July 2020 with support from the SA SME Fund, E4E Africa made 11 investments from its initial fund, including startups such as insurtech Pineapple, home-services platform SweepSouth, and digital marketplace Qwili.

The fund focuses on investing in entrepreneurial teams developing highly scalable and impactful businesses across key sectors in Sub-Saharan African economies. The key sectors include fintech, education and job tech, e-health, and energy solutions. E4E Africa prioritizes providing founder-centric support and brings value through its network of experienced entrepreneurs.

Having achieved the first close, E4E Africa is actively seeking interest from additional investors, both local and international, to reach its target size, allowing the fund to further expand its reach and impact in the African entrepreneurial ecosystem.

Key Takeaways

An increasing number of small- to medium-sized funds with $10 million to $50 million of capital to deploy are targeting opportunities in Africa and other frontier markets. Tofino Capital, Uncovered Fund, LoftyInc Capital, Savannah Fund, and Ventures Platform are some of such Africa-focused firms that have launched in the past year. E4E Africa Fund II has already invested in three companies – Kenyan core banking platform provider Kwara, South African tech-enabled export shipping provider TUNL, and a fast-growing business disrupting the traditional embedded finance landscape in Kenya.

E4E Africa
E4E Africa Fund II
Qwili
SweepSouth
Pineapple
Venture Capital
Startups

Think someone else should see this?

share on twittershare on linkedinshare on facebookshare to whatsapp
share on mail
share on instagram
Stay informed with our newsletters read by 25,000+ professionals worldwide
Newsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companiesNewsletter companies

Next Frontier

Stay up to date on major news and events in African markets. Delivered weekly.

Pulse54

UDeep-dives into what’s old and new in Africa’s investment landscape. Delivered twice monthly.

Events

Sign up to stay informed about our regular webinars, product launches, and exhibitions.

+25k investors have already subscribed

To invest in this opportunity and other opportunities across Africa

Download the daba finance app on your mobile through
appstore iconappstore icon
Phone Image

Take action.

Download app

Start investing in Africa’s best opportunities, including stocks, bonds, startups, venture funds, and more.

Partner with us

Unlock exciting business opportunities and growth potential.

Join Daba

Become a part of our vibrant community and enjoy exclusive benefits.

Contact us

Reach out to us for inquiries, support, or collaboration.
For Investor
StrategiesPortfolio ManagementAfrican Capital MarketsNews
Daba Pro Intelligence
For Capital Seekers
For StartupsFor Fund ManagersFor Private CompaniesFor Lenders
For Partners
Commercial BanksBroker DealersAsset ManagersInvestment BanksInvestment Advisors and ConsultantsLenders and Microfinance
Company
About UsMarket UpdatesEventsBlog and PodcastNewsletterCase StudiesAffiliate ProgramInvesting GlossaryOfficial ContactsTrust, Compliance and SecurityFrequently Asked Questions

Terms & ConditionsPrivacy Policy
EnglishEnglish

Owned by Daba Markets Inc. By using this site, you accept our Terms and Conditions and Privacy Policy. © 2024 All rights reserved. 2025 All rights reserved