Digital Africa Seed Fund (DASF)

About

A pan-African seed-stage investment fund managed by Digital Africa that backs tech-enabled African startups at MVP or traction stage in nearly 20 priority markets with tickets of €300,000 to €2 million and structured de-risking support.

Benefits

• 💶Seed investment
  Selected startups can receive investment of €300,000 to €2 million, with an average initial ticket of €300,000; final amount and terms are conditional on due diligence and investment committee approval
• 🛠️ Operational and technical support
  Selected startups receive structured operational and technical support intended to strengthen execution and prepare them for subsequent funding rounds, subject to selection
• 🌍Expert and ecosystem network
  Founders can access a pan-African and international network of experts and local ecosystem builders, subject to selection
• 📈Post-investment support
  Selected startups receive structured post-investment support intended to facilitate regional market integration, subject to selection

Eligibility Criteria

• Must be a tech-enabled African startup at MVP or traction stage
• Must operate in one of the fund's nearly 20 priority African markets; the exact country list is not stated in the available sources
• Must show a capable founding team, a solid business model, regional growth potential and measurable impact
• Preferred: markets outside the traditional hubs of Nigeria, Kenya, South Africa and Egypt, including francophone West Africa and East Africa
• Priority use cases include artificial intelligence, fintech, healthtech, climatetech, space technology and digital infrastructure

Participation Commitments

• Submit an online application and complete the eligibility check
• Shortlisted applicants undergo analysis and due diligence covering the business model, regional growth potential, founding team profile and measurable impact
• Selected applicants present to Digital Africa's investment committee
• Final stage involves deeper legal and financial diligence, closing and disbursement of the first ticket

Target Sector

Sector agnostic, Agriculture & Food, Defense & Security, Education, Energy & Utilities, Financial Services, Government & Public Sector, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Real Estate & Construction, Retail & Consumer, Semiconductors & Electronics, Sports & Fitness, Telecommunications, Transportation & Logistics, Travel & Hospitality, Other

Target Location

African tech startups operating in one of the fund's nearly 20 priority African markets; the fund emphasizes markets historically underserved by venture capital, outside the traditional hubs of Nigeria, Kenya, South Africa and Egypt, including francophone West Africa and East Africa. The exact list of priority countries is not published in the available sources.