Janngo fund receives additional investment from EIB

The European Investment Bank (EIB) has announced an additional €10 million first-loss equity investment in the Janngo Capital Start-up Fund.

This investment complements a previous €15 million commitment signed by the EIB in December 2020.

Janngo Capital Start-up Fund will provide seed and growth investments to early-stage tech and tech-enabled startups that 1) enable Africans to improve their access to essential goods and services such as healthcare, education or financial services, 2) enable African SMEs to improve their access to markets and capital, and 3) create sustainable jobs at scale, with a focus on women and youth.

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