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# This venture capital fund wants to invest $100 million into tech startups in West Africa
- URL: https://www.techloy.com/this-venture-capital-fund-wants-to-invest/
- Published: 2022-05-30T08:04:43.000Z
- Updated: 2022-12-08T02:14:08.000Z
- Author: Techloy
- Tags: / Money, Tech in Africa

[Constant Ventures]( https://www.constantafrica.com), a part of the Constant Group is raising a $100 million venture capital fund to invest in startups across West Africa.

- The fund will focus on a range of technology startups with a focus on financial inclusion, education and healthcare.
- Investee companies will initially be located across Nigeria and Ghana, with the fund set to target the wider West Africa region.
- Founded in 2006, the company says it created the fund on the back of its successful track record as an angel investor, as well as a respected developer of technology businesses.
- To date, it has invested $3.2 million in nine Nigerian startups, including Gokada, Halo, Appzone, Heala, Tingtel, CreditClan, Omnibiz, Sabiroad and FIG.
- The fund boasts a return of 5.6x, and projects to return 15x after the next funding round.