Newly Launched Azur Innovation Fund Reaches USD35m First Close

Source(s); Dutch Good Growth Fund

The Dutch Good Growth Fund (DGGF) has entered into a partnership with Azur Partners for the launch of the Azur Innovation Fund (AIF), to target innovative high-impact startups in Africa. DGGF provided a EUR7m (approximately USD7.5m) anchor investment in the fund, which saw total commitments of EUR33m (approximately USD35m) for a first close from international and domestic investors, including German Development Bank KfW, CCG, CIH Bank, SAHAM Assurances, BMCE Bank of Africa, and MASEN in Morocco. Read more