JCSF secures 4.3 million dollars to Aid Women-founded African startups

By: GWL Team | Monday, 1 April 2024

Janngo Capital Startup Fund (JCSF) of Africa has acquired an equity investment of €4 million ($4.3 million) from ANAVA fund of funds of Tunisia. The fund shall be entirely dedicated to women-founded francophone African startups and businesses.

Headquartered in Abidjan, Janngo capital was established in the year 2018 in Technology, Information and Internet industry with specialities in Digital, Tech for good, Start-up Studio, Africa, Startup, Fund, Venture Capital, VC, Investment, women, gender, entrepreneurs, ESG, and Impact.

In addition, the fund shall be used to assist promising early-stage startups that has the capacity to scale and has an influence on economy, society, and environment

Having the founder as Fatoumata Bâ, JCSF is the 2nd investment vehicle of Janngo Capital. She also holds the position of managing partner and executive chair at the firm. Additionally, she is the Auchan retail International’s Chairwoman of the Board as well.

Fatoumata stated in her remarks, saying, “The infusion of an extra 4 million euros in equity investment from Smart Capital into the Janngo Capital Startup Fund will bolster funding for cutting-edge tech startups in Africa, with a particular focus on Francophone countries and women-led enterprises.”

The equity investment shall support and aid women founded startups to grow and reach heights in African regions.