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Press release

14 July 2022

FSD Africa invests $3.5M in Catalyst Fund to accelerate and scale pre-seed impact ventures in Africa

London 14 July 2022: Global inclusive tech accelerator Catalyst Fund, managed by BFA Global, announced today that FSD Africa has invested $3.5M to anchor the Fund’s presence in Africa and scale its work as the leading accelerator and pre-seed impact fund for emerging market entrepreneurs.

With FSD Africa’s backing, Catalyst Fund will invest and offer hands-on venture-building support to high-impact startups that improve the resilience of underserved and climate-vulnerable communities, to support 40 pre-seed impact ventures in Africa. The accelerator will also continue to build strong innovation ecosystems by activating investors, capacity-building networks, and corporate innovators to unlock capital, attract talent and share knowledge about

Our partnership with Catalyst Fund will spur innovation by investing in and supporting entrepreneurs while at the same time helping to influence and expand the pool of investment in this space.
Juliet Munro, Director, Digital Economy – FSD Africa