https://techcrunch.com/2021/02/15/japans-uncovered-fund-launches-15m-fund-to-back-early-stage-startups-in-africa/

Uncovered Fund, a VC firm targeting early-stage startups in Africa, announced today that it has launched its $15 million fund which is expected to close at the end of June this year. The Tokyo-based outfit founded by Takuma Terakubo in 2019 will invest $50,000 to $500,000 in African startups in seed and Series A stages.

Before Uncovered Fund, Terakubo was the CEO of Leapfrog Ventures. Together with Japanese startup incubator, Samurai Incubate, they launched Samurai Incubate Fund; a fund focused on early-stage African startups. During his time there, the firm raised more than $4.5 million targeted at startups in Kenya, Uganda, Rwanda, South Africa, Ghana and Nigeria. It also financed over 10 startups with checks similar to Uncovered Fund’s ($50,000 to $500,000).