Backed by Japanese investors, Verod-Kepple’s fund will invest in Series A and B startups across Africa

Last month, pan-African venture capital firm Verod-Kepple Africa Partners reached the second close of its first fund (Verod-Kepple Africa Ventures), targeting African startups at $43 million. Verod-Kepple Africa Ventures (VKAV) achieved its first close last March (at $20 million) and aims to attain its final close by the end of the year at $100 million; if reached, VKAV will join an exiguous number of Africa-focused funds with $100 million or more in total capital allotment.
Launched in 2022, VKAV is a joint venture between Verod Capital, a private equity firm and Kepple Africa, a Tokyo-based

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