PROJECT

Projects

Summary of Investment Information

Project Number

46342

Company Name

JANNGO CAPITAL START-UP FUND

Date SPI Disclosed

Apr 3, 2024

Country

Western Africa Region

Region

Africa

Projected Board Date

Jun 28, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 23, 2024

Department

Equity Portfolio Management

Industry

Funds

Previous Events

Approved : Dec 19, 2022
Signed : Jul 18, 2024
Invested : Oct 18, 2024

Sector

Venture Capital Fund

Additional Project Attributes

Blended Finance

Project Description

  IFC is considering an equity investment of up to US$6M in Janngo Capital Startup Fund (“The Fund”), a West and North African multi-stage venture capital fund domiciled in France with a target size of €60M and a hard-cap at €75M. The Fund is managed by Janngo Capital Partners (“Janngo” or the “Fund Manager”). The Fund will be supported by the Blended Finance Facility (BFF) of the IDA18 IFC-MIGA Private Sector Window (IDA PSW), created by the Word Bank Group to catalyze private sector investment in IDA countries, with a focus on fragile and conflict-affected states                                                 

Associated Advisory Engagement

   There are no Advisory Services engagements associated with this Project.                                                

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation