Chui Ventures Closes Debut Fund at $ 17.3 Million to Back African Tech Founders
Chui Ventures has closed its debut Fund I at 17.3 million dollars, surpassing its target as it backs African founders building tech solutions...
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Chui Ventures has successfully closed its debut fund at $17.3 million, exceeding its original target of $10 million, to back African tech founders. The fund has already deployed 60 percent of its capital into 18 companies across five Sub-Saharan African markets.
- The fund attracted investments from a diverse group, including the Mastercard Foundation Africa Growth Fund and the Michael and Susan Dell Foundation, with over 90 percent of high-net-worth investors being of African origin.
- The portfolio includes companies in fintech, healthtech, e-commerce, agritech, and logistics, with notable investments such as Pricepally in Nigeria and Leta in Kenya.
- Chui Ventures' portfolio companies have created over 1,200 direct jobs and more than 40,000 indirect jobs, with 44 percent of its portfolio companies having female founding teams.
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Chui Ventures Closes $17.3M Fund as Cloud and Blockchain Tech Expands in Africa - December 2025
Chui Ventures has successfully closed its debut fund at $17.3 million, exceeding its original target of $10 million, to back African tech founders. The fund has already deployed 60 percent of its capital into 18 companies across five Sub-Saharan African markets. In a parallel development for the continent's tech sector, Liquid C2 has launched Liquid G, an AI-powered Google Cloud distribution program. This initiative aims to accelerate cloud adoption for African resellers and enterprises by providing access to Google Cloud infrastructure and AI tools. Additionally, blockchain technology is being increasingly integrated into everyday life across Africa, moving beyond its initial association with cryptocurrency. This adoption is driven by practical applications addressing challenges in remittances, property ownership, healthcare, and financial inclusion.
