Proparco Increases Investment Support for African Startups

About

Proparco is ramping up its direct investment efforts in African startups, offering funding from €1 million for companies in the Pre-Series A to Series D stages, particularly those with potential for cross-border expansion and stable revenues, focusing on innovative sectors such as Fintech, Healthtech, Agtech, and Cleantech. This opportunity is ideal for eligible African startups seeking substantial financial support, with official application details available on the Proparco website.

Benefits

• Access to funding starting from €1 million
• Strategic investment and support from a French government-backed investment institution
• Leverage Proparco's extensive network and resources to drive sustainable development goals (SDGs)
• Investment focuses on business growth while emphasizing environmental protection, reducing inequality, and promoting resilient growth

Eligibility Criteria

• Startups in the financing stage from Pre-Series A to Series D
• Minimum investment of €1 million
• Must demonstrate at least €400,000 in annual revenue
• Ability to expand beyond local markets
• Focus areas include Fintech, Healthtech, Agtech, Cleantech