Ring Capital, a French VC firm has announced the launch of an impact investment fund, Ring Africa, targeted at French-speaking West Africa. The fund will invest in startups with strong social and environmental focus and will target investments from the pre-seed to Series A stages.
Ring Africa seeks to raise a €50 million fund targeted at startups building solutions that solve the continent’s climate change challenges, facilitate the region’s transition to a formal economy, and improve agricultural productivity. The fund will count on a partnership with Mstudio to navigate the intricacies of investing in the region. Plans are underway to build a local investment team based in Abidjan.
Ring Capital has also announced the appointment of Elisabeth Moreno, former Delegate Minister for Gender Equality, Diversity, and Equal Opportunities, as President of its board. In her new role, Moreno will support the growth of Ring Africa and Ring Capital’s commitment to feminization and inclusion.
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