Samurai Incubate Closes Its Oversubscribed Fund At $18.6m - Investment - Nairaland
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| Samurai Incubate Closes Its Oversubscribed Fund At $18.6m by sleeksavbvy: 9:19pm On Apr 15, 2021 |
 Samurai Incubate Inc. has officially closed its second Africa fund “Samurai Africa 2nd General Partnership” after successfully having raised 2.026 billion yen ($18.6 million). Since January 2020, the firm kept fundraising despite the COVID crisis, and a total of 54 corporate and individual investors participated. The raised amount surpassed the targeted amount of 2 billion yen ($18.4 million). Kentaro Sakakibara founded Samurai Incubate, and in 2018, the firm began investing in Africa by establishing a subsidiary called Leapfrog Ventures. From August 2018, Samurai Incubate invested $2.5 million in 20 African startups via the newly established firm. Then in June 2019, renamed itself Samurai Incubate Africa. https://www.techawkng.com/2021/04/15/samurai-incubate-closes-its-oversubscribed-fund-at-18-6m/ |
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