TLcom Capital’s new fund will deploy capital to female-founded African technology startups. This builds on the company’s co-investment of $2 million in FirstCheck Africa (a pre-seed female fund) from June 2022.
TLcom Capital announced that TIDE Africa Fund II has closed at $154 Million, which is its second technology fund in Africa.
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TIDE Africa Fund 2 marks TLcom Capital’s status as Africa’s leading Seed and Series-A tech investor.
According to reports, the fund’s initial investment will be between $1 and $3 million. It is expected that it will expand its focus into Egypt.
According to FORBES AFRICA, Maurizio C. Caio is the Founder and Managing Director of TLcom Capital.
Caio affirms that “our investment strategy in Egypt is the same as it is anywhere else: partnering with entrepreneurs to create huge value through technology and serve important African markets.”
TLcom has a portfolio of early-stage companies, including uLesson Autochek Pula Fairmoney and Andela. Andela is one of Africa’s 6 unicorns.
Caio says, “We work with entrepreneurs who have winning strategies and tackle huge opportunities.”
The ideal investment would be one that returns the entire value of the fund.
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