TLcom Capital Closes Africa's Largest Early-Stage VC Fund at $154 Million

TLcom Capital, an African VC firm, has successfully closed its second fund, TIDE Africa Fund II, at $154 million, solidifying its position as the largest investor in seed and Series A startups across Africa. The oversubscribed fund attracted notable investors like the European Investment Bank, Visa Foundation, and Bertelsmann, showcasing growing confidence in African venture capital. TLcom's strategy of early-stage investments and backing repeat founders has led to a strong portfolio, with investments in companies like Andela and FairMoney. The firm's expansion into Egypt and South Africa marks a new chapter in its mission to support innovative solutions in critical sectors across the continent. With a focus on gender balance and a commitment to supporting female-led startups, TLcom Capital is poised to drive inclusive economic growth and foster positive social change in Africa.