https://techcrunch.com/2022/01/27/tlcom-capital-targets-150m-for-its-second-fund-to-invest-in-20-african-startups/

TLcom Capital, the Africa-focused venture capital firm known to have made bets on Andela and Twiga, is raising $150 million for its second fund targeted at making early- and late-stage investments.

The firm has reached the first close of $70 million, according to a statement shared with TechCrunch. It’s almost the equivalent of what TLcom Capital raised in the TIDE Africa Fund, its first fund that achieved its first close in 2017 and final close in February 2020.