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# Zedcrest launches $10 million fund to invest in African startups
- URL: https://www.techloy.com/zedcrest-launches-10-million-fund-to-invest-in-african-startups/
- Published: 2022-08-01T08:58:53.000Z
- Updated: 2022-12-07T22:31:19.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Money, / Startups

Africa-focused financial powerhouse and investment firm, [Zedcrest,](https://zedcrest.com/) has launched a $10 million venture fund to invest in startups in Africa.

- The Fund, tagged, Knight Fund, will focus on follow-on investments to allow startups to build on existing operations, growth, and expansion.
- The Fund will focus on startups finding it hard to raise Series A rounds, with a deployment between $200,000 – $500,000 each.
- Zedcrest has invested in three startups with this fund while its Ventures at Zedcrest, a very-early stage fund has invested in over 20 startups, including TalentQL, Indicina, Simpu, Julaya and others.

**Why this matters**

Zedcrest's emergency fund will help African startups transition from seed to growth stage without having to bear the brunt of funding winter or wait for a long time while international investors carry out due diligence which has lengthened the time it takes to raise funds.