Fundraising

Film and TV royalties investor IPR.VC has secured a €25m commitment from the European Investment Fund, as it seeks to raise €120m for its third fund.

The VC firm targets Africa’s most promising tech startups, particularly in Nigeria, Egypt, Kenya, and Francophone Africa.

TandemLaunch Ventures Fund IV’s LPs include The Venture Capital Catalyst Initiative, BDC Capital, Fonds de solidarité FTQ and over 30 family offices and angel investors.

The VC firm targets fintech startups.

The robotics and AI investor's strategic partnership with Arcapita will provide an anchor for raising the larger funds needed to enable rapid scaling of AI deeptech bets.

Women-led venture funds saw a 14 percent drop in YoY fundraising, compared to an 18 percent decrease for the venture industry as a whole.

The new fund is 51% larger than Fund III, which closed at $138m in 2021.

The fundraising total includes $539m raised for its 15th venture fund.

P1 Ventures, an early-stage, Pan-African venture capital firm, has closed its inaugural institutional fund at $50 million.

Founder Nick Cooney says a strong exit environment and past earnings by the innovative early-stage companies that are his firm’s focus are driving Fund II towards its $100m target.