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Based in Curaçao, GIIG Africa Fund is a private investment vehicle that provides multi-stage capital to early-stage technology startups operating across the African continent. The firm identifies its investment targets exclusively through the Global Startup Awards (GSA) Africa, a comprehensive scouting platform that evaluates sustainable, SDG-aligned innovations. The fund operates with an initial $100 million target size to deploy capital over a three-year period, aiming for commercial returns exceeding 25 percent. Sourcing from a pipeline that recently generated 11,900 program entries across 54 distinct countries, the firm builds a portfolio of disruptive companies such as sustainable building materials startup Kubik. It actively balances its commercial investment strategy with broader social impact initiatives managed directly through the affiliated GIIG Africa Foundation. GIIG Africa Fund was founded in 2021 by co-founders Jo Griffiths, Mahyar Makhzani, and Philip Baldwin.
GIIG Africa Fund has 1 tracked investment across 1 company. The latest tracked deal is $3.3M Seed in Kubik in June 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jun 22, 2023 | Kubik | $3.3M Seed | — | African Renaissance Partners, Andav Capital, Bestseller Foundation, Kazana Fund, Plug And Play, Princeton Alumni Angels, Romain Diaz, Savannah Fund, Unruly Capital |
