Breega Africa Seed I LP
Status: Investment in contracting phaseWhy disclosure?
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In case of questions
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our prospective customer?
Breega Group is a technology VC firm based out of Paris with offices across UK, Spain and Paris. The team launched their first pan-African focused early-stage venture fund in 2022, and is currently raising for this fund aimed at investing in Seed to Series A technology startups operating in diverse sectors.
What is our funding objective?
The fund intends to focus on (very) early-stage technology startups with high growth potential led by passionate and capable teams and leverage the fund’s entrepreneurial experience to assist the startups in the early days of their journey to ensure that the companies can scale in a holistic manner.
Why do we want to fund this investment?
The proposed investment in the fund is a strong fit with FMO’s objectives to empower entrepreneurs and their local communities, to support innovation, and sustainable economic development in emerging markets and to reduce inequalities. Through this Fund investment, FMO aims to stimulate seed capital in local ecosystems, create more entrepreneurship opportunities, increase chances of follow on financing in the market, and contribute to the Africa VC ecosystem by supporting a new fund in the market.
What is the Environmental and Social categorization rationale?
The fund will invest in early-stage technology (enabled) companies which are associated with low E&S risk because of the limited number of employees and limited environmental impacts. Fund is classified as E&S B risk.
- Website customer/investment
- https://www.breega.com/
- Region
- Africa
- Country
- Africa
- Sector
- Infrastructure, Manufacturing and Services
- Publication date
- 7/19/2023
- Deadline for feedback
- 8/3/2023
- Total FMO financing
- EUR 7.00 MLN
- Funding
- Ventures Program Africa EurNb
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B