Today is the big day for startups at the Seedstars Summit 2019. The main event will give the world the startup winner of this edition of the event. But for Africa, the good news began to emerge when it was announced that the first fund to be launched this year by Seedstars in collaboration with First Growth Ventures will be in Africa.
The announcement was made by the CIO of Seedstars, Charlie Graham-Brown during his performance on the stage of the Seedstars Summit.
The choice of the African continent for this fund should not have been so complicated for Seedstars, given last year's data that African startups won four of the five categories at the Seedstars Summit.
Seedstars has experience in investing in startups in emerging economies. Seedstars CEO and co-founder Alisée de Tonnac said yesterday in an interview with the Ventureburn which since the beginning of the organization in 2013, Seedstars invested in between 50.000 and 500.000 40 in XNUMX companies so far.
The decision on which startups to choose as winners for each of its various categories at the Seedstars Summit is motivated by which company it would be best to invest, she said.