https://techcrunch.com/2022/07/29/zedcrest-launches-10-million-emergency-fund-for-african-startups/

Zedcrest Capital, a firm known for its debt & equity capital markets investments but recently started dabbling into venture investments, has launched a $10 million fund for pre-Series A stage startups in Africa.

The fund, dubbed “Knight Fund,” is aimed at providing last-ditch follow-on capital access to local funding required to help startups consolidate on existing operations, growth, and expansion, explained Zedcrest Capital. “The Knight Fund is inspired by the current slowdown in startup funding for African founders as global investors retreat to focus on their core markets,” it added in a statement.