French venture capital firm Ring Capital has unveiled the launch of an impact investment fund called Ring Africa, focusing on Francophone countries in West Africa. The fund, with a target size of €50 million, aims to support startups addressing social and environmental impact, particularly in climate change, formal economy transition, and agricultural productivity.
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To navigate the complexities of investing in the region, Ring Africa has partnered with Mstudio, a startup studio headquartered in Abidjan. Plans are in motion to establish a local investment team based in Abidjan, further bolstering the fund’s presence in the region.
In addition to launching Ring Africa, Ring Capital has appointed Elisabeth Moreno, former Minister, as President of the board to support Ring Africa’s growth and promote gender diversity. Moreno emphasizes fostering sustainable solutions and cultivating new leaders for an inclusive and prosperous future in Europe and Africa.
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