Philanthropist George Soros backs an African startup fund

Philanthropist George Soros backs an African startup fund

A fund by a US venture capital firm backed by the philanthropist George Soros raised $20 million for African startups. Delta40, which operates out of Kenya and Nigeria, has already invested in 16 early-stage African companies since it launched in 2024. The company plans to invest up to half a million dollars in each startup it backs, focusing on those working in fintech, energy, mobility, and agriculture. As well as the Soros Economic Developmen…

Delta40 Lands $20M to Support Diverse Founders Tackling Africa’s Urgent Challenges

Delta40, a venture studio and VC fund investing in and supporting founders addressing Africa’s most urgent challenges, has secured $20 million in funding to strengthen its integrated Venture Studio and Fund model, supporting Africa’s diverse startup founders. The funding round attracted participation from 54 investors across 13 countries, spanning global institutions, high-net-worth individuals, development finance […] The post Delta40 Lands $20…