Antler East Africa closes $13.5 million fund to invest in early-stage startups

Image source: ScandAsia


Tech Crunch | by Tage Kene-Okafor


Antler East Africa, the Nairobi office of VC firm and venture builder Antler, has closed a $13.5 million fund to invest in early-stage tech startups in the region.

The oversubscribed round — Antler intended to raise $10 million but ended up with an extra $3.5 million — has LPs that include Baillie Gifford, a well-known Tesla backer; family offices such as Canica; and institutional investors like the IFC…

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