Janngo Capital’s Venture Fund Surpasses Target with $78 Million Raised to Support Women-Led Businesses in Africa

• Fund exceeded initial target by 20%, attracting diverse global investors
• Janngo Capital commits half of its investments to women-led businesses, spanning 14 countries

Janngo Capital, a venture capital firm focused on backing women-led businesses across Africa, announced its $78 million venture capital fund was 20% oversubscribed. Based in Abidjan, Ivory Coast, the fund drew investments from a wide range of backers, including Mastercard Foundation’s Africa Growth Fund, the International Finance Corporation, the European Investment Bank (EIB), the U.S. International Development Corporation, and Tunisia’s ANAVA Smart Capital, according to a company statement.