Janngo Capital, a venture capital firm has reached the final close of its oversubscribed $78 million fund, marking Africa’s largest gender-equal tech Venture Capital (VC) fund.
With this fundraising, Janngo Capital becomes the largest venture capital firm accelerating gender equality in Africa after making about 30 investments in 21 startups, and has successfully exited the leading fintech company Expensya, achieving an average internal rate of return (IRR) of 48%.
The firm’s investment thesis strikes a balance between financial returns and tangible impact as evidenced by the successful exit of Expensya to unicorn Medius and by its 56% women-led portfolio companies, such as the soonicorn Sabi.
