Future Africa teams up with TLG Capital to set up $25M venture debt fund for portfolio companies

Lagos-headquartered venture capital firm Future Africa is teaming up with TLG Capital, a London-based open-ended credit fund, to launch a $25 million venture debt fund earmarked for portfolio companies.
The fund created from TLG’s existing funds will help Future Africa’s portfolio companies preserve their runway in an increasingly tight fundraising environment. Last year, African startups raised over $5 billion and one common theme from two mega-rounds that were announced was some dependency on debt funding: B2B e-commerce platform TradeDepot and fintech MFS Africa. 
The event signaled that st

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