The impact investment vehicle for French-speaking West Africa, Ring Africa, has been launched by venture capital firm Ring Capital. Its goal is to raise EUR50 million (US $55 million) to support young start-ups with significant social and environmental impact.
Through three investment vehicles and a philanthropic fund, Ring Capital provides funding and support to entrepreneurs who are proposing solutions for important social and environmental problems. Ring Capital has now established Ring Africa, an impact investment fund targeted at Francophone West African startups, in addition to its impact seed fund, GENERATIONS, which was established in 2023.
This fund will assist in the robust expansion of impact entrepreneurship in Francophone West Africa, with a target size of EUR50 million (US $55 million). Investments will be made in startups at the pre-seed, seed, and Series A stages with an emphasis on solutions unique to the problems facing the African continent, such as embracing the formal economy, adjusting to climate change, and creating sustainable agriculture and consumption practices.
In particular, Ring Africa will assist the feminization of entrepreneurship and the younger generation of entrepreneurs.
“Africa, which is already experiencing the consequences of climate change and its social repercussions, is simultaneously witnessing the emergence of structural solutions for its future. Being an impact investor means giving a chance to environmental and social solutions and financing a new generation of entrepreneurs. We are very excited about this launch, which will enable us to concretely improve living conditions and support a new generation of business leaders,” said Nicolas Celier, co-founder of Ring Capital.
