Soros-Backed Delta40 Raises $20 Million to Fund African Startups

Soros-Backed Delta40 Raises $20 Million to Fund African Startups

Venture firm Delta40, backed by billionaire George Soros, raised $20 million to expand its financing for startups across the African continent.

Delta40 Completes $20M Capital Raise to Build, Invest in & Support Innovative Ventures Across Africa

Delta40 today announced $20 million in funding secured to support its integrated Venture Studio and Fund. The milestone marks Africa’s first institutional raise linking venture building and early-stage capital, merging investment with hands-on studio support from experienced operators to build and scale startups across the continent. Delta40 brings together 54 investors from 13 countries—spanning global institutions, high-net-worth individuals, …

Delta40 Raises USD 20 M To Build & Support Innovative Ventures Across Africa

Delta40, a Nairobi- and Lagos-based venture studio and fund founded by Lyndsay Holley Handler, has raised USD 20 M in what it describes as Africa’s first institutional venture studio fundraise. Backed by global investors including FMO, Soros Economic Development Fund, and Livelihood Impact Fund, the raise brings together 54 investors across 13 countries, notably featuring 25 founders and 14 African investors. Unlike traditional, hands-off VC mod…

Delta40 Completes $20M Fundraising Effort to Build & Support Innovative Ventures Across Africa - African Business Innovation | Sustainable Development & Social Responsibility

Delta40 secures $20M in funding to accelerate Africa’s first institutional Venture Studio + Fund, supporting innovative startups across energy, agriculture, and fintech. Backed by 54 investors—including 25 founders and 14 African investors—Delta40 combines early-stage capital with hands-on operational support to scale startups faster and more efficiently. With offices in Kenya and Nigeria, the venture studio provides expertise in fundraising, co…

Soros-Backed Delta40 Raises $20M for Africa Startups

Delta40 has raised $20 million to double down on what it believes Africa needs more of right now: early capital paired with real company building.The venture firm, backed by billionaire George Soros through the Soros Economic Development Fund, pulled together the funding from 54 investors across 13 countries. The Rockefeller Foundation also participated, alongside development finance institutions, foundations, family offices and more than 20 inv…

Delta40 Completes $20M Fundraising Effort to Build and Support Innovative Ventures Across Africa

New York, New York — Delta40 today announced $20 million in funding secured to support its integrated Venture Studio and Fund. The milestone marks Africa’s first institutional raiselinking venture building and early-stage capital, merging investment with hands-on studio support from experienced operators to build and scale startups across the continent. Delta40 brings together 54 investors from 13 countries—spanning global institutions, high-net…