Yamoussoukro: Janngo Capital has successfully closed its second fund at $78 million, exceeding its initial target by 20%, positioning it as Africa's largest gender-equal tech VC fund. The firm has made over 30 investments in 21 startups, focusing on companies led or benefiting women, and has achieved a significant exit with Expensya, which was sold to unicorn Medius. This exit resulted in an average IRR of 48%. Janngo's portfolio spans 14 countries and several sectors, generating billions in transactions and creating over 20,000 jobs.
Accoring to Janngo, Key investors in this fund include the European Investment Bank, African Development Bank, Mastercard Foundation Africa Growth Fund, U.S. International Development Finance Corporation, International Finance Corporation, and ANAVA. The fund focuses on supporting tech startups that improve access to essential services, market and capital access for SMEs, and job creation, especially for women and youth. Janngo is committed to gender equality, with 56% of its portfolio companies being women-led.